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.