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HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 05/01/2013 - Special MINUTES CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION (TYPE A) SPECIAL MEETING CITY HALL—COUNCIL CHAMBERS MAY 1, 2013—3:00 P.M. PRESENT: Members: Staff: Robert Tamez, President Margie Rose, Assistant City Manager R. Bryan Gulley, Secretary Marcie Downing, Assistant City Attorney Bart Braselton Mary Juarez, Assistant City Secretary Adolfo (Butch) Escobedo Wes Pierson, Assistant City Manager Carlos Valdez, City Attorney ABSENT Debbie Lindsey-Opel, Vice President A. Called meeting to order--President Tamez called the meeting to order at 3:05 p.m. B. Roll Call — President Tamez verified that the necessary quorum of the Board were present to conduct the meeting. D. Closed session under 4551.087 of the Texas Government Code to discuss or deliberate regarding commercial or financial information Pertaining to Sam Kane Beef Processors that the Board has received from or to deliberate the offer of a financial or other incentive to, a business prospect that the Board seeks to have locate stay, or expand in or near the City of Corpus Christi and with which the Corporation is conducting economic development negotiations, with possible discussion and action in open session. President Tamez announced the closed session. The Corporation went into closed session. The Corporation returned from closed session. President Tamez opened the floor for possible discussion and action in open session. Emily Martinez, Corpus Christi Regional Economic Development Corporation (EDC), explained that this item is requesting the approval of a grant of $3 million for Sam Kane Beef Processers for the retention of 739 jobs with a goal to increase the number of hours to a 40 hour work week and to create 100 new jobs starting with 25 jobs in Year 2 and continuing in Years 3, 4, and 5. Ms. Martinez provided information including the history of the facility, the financial issues the plant has faced; and the economic impact the plant has to the community and the cattle ranching industry. Lou Waters, Jr, CEO of Sam Kane Beef Processors stated that this packing plant is an absolute critical element of the cattle business in the area. Mr. Waters spoke regarding the business opportunity and strategic plan to develop and improve the business. Mr. Waters responded to questions regarding the company and employee loyalty; safety record of the company, and plans to increase hours for employees to a five-day shift. Mr. Escobedo made motion to approve a grant of $3,000,000 for Sam Kane Beef Processors Plant for the retention of 739 jobs (with the goal of 40 hours per week per job after 12 months) and creating 100 new jobs with a goal of 40 hours a week (25 jobs a year for 4 years beginning in Year 2) at their meat packing facility and with other conditions as negotiated by the Corpus Christi Regional Economic Development Corporation to amend the fiscal year 2012-2013 budget to allow for this funding of $3,000,000 from the Unreserved Fund balance in the No. 1140 Business/Job INDEXED Type A Meeting May 1, 2013—Page 2 Development Fund and appropriating up to $3,000,000 to the Unreserved Fund balance in the No. 1140 Business/Job Development Fund, seconded by Mr. Braselton and passed (Opel absent). 2. Motion directing staff to obtain a list of the investors or shareholders in the Corpus Christi_Baseball Club -- City Attorney Carlos Valdez asked whether there was a consensus of the Board to give staff direction to prepare a letter from the Board to the City Council asking them to obtain the information on the list of investors or shareholders in the Corpus Christi Baseball Club. Mr. Valdez added that the information could be requested however the company is not required to provide the information. Mr. Valdez provided a list of partners for the Corpus Christi Baseball Club, RSB Operations and the Ryan Sanders Baseball GP, LLC based on research that was obtained by staff. No motion was made to continue Item 2. G. Public Comment: None. H. Identify Future A ends Items — The following item was requested to be included on a future agenda: discussion on the process of receiving and handling proprietary information. President Tamez announced that there was not a need to have a Regular meeting in May. I. Adjournment: There being no other business to come before the board, President Tamez adjourned the meeting at 4:30 p.m.