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HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 12/16/2013 MINUTES CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION (TYPE A) REGULAR MEETING CITY HALL— COUNCIL CHAMBERS DECEMBER 16, 2013—3:00 P.M. PRESENT: Members: Staff: Robert Tamez, President Margie C. Rose, Assistant City Manager R. Bryan Gulley, Vice President Julian Grant, Sr. Assistant City Attorney Debbie Lindsey-Opel, Secretary Rebecca Huerta, Assistant City Secretary Bart Braselton* Gabriel Guerra *Arrived at 3:21 p.m. A. Called meeting to order—President Tamez called the meeting to order at 3:07 p.m. B. Roll Call — President Tamez verified that the necessary quorum of the Board were present to conduct the meeting. 1. Approval of Minutes — Ms. Opel made a motion to approve the Regular meeting minutes of November 18, 2013, seconded by Mr. Guerra and passed (Braselton absent). 2. Closed session under §551.087 of the Texas Government Code to discuss confidential commercial or financial information pertaining to Solid Rock Commercial Properties, Ltd. that the Corporation seeks to have locate, stay, or expand within the City limits and with which the Corporation is conducting economic development negotiations and to deliberate possible offers of financial or other incentives to said business prospect 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. Roland Mower, Corpus Christi Regional Economic Development Corporation provided an overview of the term sheet between Solid Rock Commercial Properties, Ltd and the Type A Board to extend Junior Beck Road to Old Brownsville Road. Ms. Opel made a motion to approve a loan of up to $1,497,000 for design and construction of Junior Beck Road and related improvements under terms for repayment and administration as described in the term sheet agreed to by Solid Rock Commercial Properties Ltd., seconded by Dr. Gulley and passed. 3. Financial Report — Director of Financial Services Constance Sanchez presented the sales tax through November; the cash flow statements; the commitment reports for the economic development fund; the proforma report for the economic development fund; and the inception reports for the arena, seawall and economic development funds. A motion was made by Dr. Gulley to approve the financial report, seconded by Mr. Guerra and passed. 4. Motion to approve an extension of the FastTrac©Program from December 31, 2013 until December 31,2014. — Mike Culbertson, Corpus Christi Regional Economic Development Corporation (EDC) stated that Del Mar College Small Business INDEXED Type A Meeting December 16, 2013—Page 2 Development Center is requesting to extend the FastTrac© Program contract to December 2014 using the funds initially approved for the grant. Mr. Guerra made a motion to approve Item 4, seconded by Ms. Opel and passed. 5. Motion to approve a grant of $1,390,071 for the Del Mar College Foundation for Process and Instrumentation Technology Training. — Mr. Guerra submitted a conflict of interest form and stated that he would be abstaining from the discussion and vote on this item. Mike Culbertson, EDC, stated that the Del Mar College Foundation is requesting a grant of $1,390,071 to purchase Process and Instrumentation Technology equipment for expansion of the curriculum. Lenora Keas and Dr. Larry Lee with Del Mar College presented information on the workforce demands; industry support; the impact of Eagle Ford Shale; industry within the Corpus Christi Ship Channel; current and target enrollment; curriculum; examples of equipment; financial commitment and benefits. Mr. Braselton made a motion to approve Item 5, seconded by Ms. Opel and passed; Gulley voting "No"; Guerra abstained. 6. De-obligate the funds of $200,000 from the Plant Bikes grant to the Type A 1140 fund. — Mike Culbertson, EDC, stated that the purpose of this item is to de-obligate the funds for the grant for Plant Bikes. Mr. Culbertson reported that Plant Bikes informed staff of their decision to move their operations to College Station, Texas. Ms. Opel made a motion to de-obligate the funds of$200,000 from the Plant Bikes grant to the Type A 1140 fund, seconded by Mr. Braselton, and passed (Guerra absent). 7. Engineering Services Monthly Project Updates for December 2013 — Assistant Director of Engineering Services Bill Green presented the monthly Engineering Department project update. G. Executive Director Comments: Economic Impact of 1/8 cent sales tax — Assistant City Manager Margie Rose stated that the Board requested that staff have Dr. Lee provide an impact analysis and this report should be completed for the February meeting. H. Public Comment: None. Identify Future Agenda Items —The following items were requested to be included on a future agenda: the Hausman project; monthly progress report for affordable housing projects; discussion on how to set priorities and develop a strategy related to spending economic development funds; and identify funds to de-obligate. J. Adjournment: There being no other business to come before the board, President Tamez adjourned the meeting at 4:56 p.m.