HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 03/17/2014 Corpus Christi 1201 Leopard Street
��`�.� p Corpus Christi,TX 78401%r I
d � i f cctexas.com
Meeting Minutes
Corpus Christi Business and Job
Development Corporation
Monday,March 17,2014 3:00 pm City Council Chambers
A. President Robert Tamez to call the meeting to order.
President Tamez called the meeting to order.
B. Call Roll
President Tamez verified that the necessary quorum of the Board were present
to conduct the meeting.
(Note:Gabriel Guerra arrived at 3:30 p.m.)
Present: 5- President Robert Tamez, Secretary Debbie Lindsey-Opel, Vice Chair R.
Bryan Gulley, Board Member Bart Braselton and Board Member Gabriel
Guerra
C. WORKSHOP
1. Workshop- Economic Development One-Eighth Cent Sales Tax
Workshop- strategic planning discussion related to the available
resources of the economic development one-eighth cent sales tax,
with possible action.
President Tamez referred to the Workshop regarding the Economic
Development One-Eighth Cent Sales Tax.Oscar Martinez facilitated the
discussion and stated that the objective of today's discussion is to determine
criteria to guide the Board on the best use of Type A funds for new and
expanded business enterprises.Mr.Martinez presented information on the
available funding;unallocated funds;options for consideration and modified
decision tree analysis;and approaches to determine future use of major
business incentives.The summary of funding options include 1)looking back
to duplicate historical success;2)looking forward to leverage current or
planned policy doctrine;3)adoption of prior Corpus Christi Regional
Economic Development Corporation's(EDC)recommendations;4)develop
Type A Board criteria;and 5)a hybrid of some or all the above.
Board members discussed the following topics:the impact for paying off the
debt service for the baseball stadium;water conservation funding;ways to
broaden the scope for authorization of the funds to align with state statute;
matching/leveraging funds;gap analysis and targeting industries;advance
notice from EDC regarding projects;creating a spectrum for job
creation/retention and payroll;developing a Memorandum of Understanding
between the Type A Board and the EDC;and projected funding available.
Corpus Christi Page 1 Printed on 4/16/2014
INDEXED
Corpus Christi Business and Job Meeting Minutes March 17,2014
Development Corporation
Mr.Martinez reported that he will address the questions raised by the Board
members and present proposed criteria for their consideration.
D. MINUTES
2. Approval of Regular Meeting of February 17, 2014.
Mr.Braselton made a motion to approve the minutes,seconded by Mr.Guerra
and passed unanimously.
E. CLOSED SESSION ITEMS: (NONE)
F. AGENDA ITEMS: (ITEMS 3-9)
3. Motion to accept Financial Report.
President Tamez referred to Item 3.Director of Financial Services Constance
Sanchez presented the sales tax report,the cash flow statements;the
commitment reports for the economic development fund;the proforma report
for the economic development fund;and the inception reports.Mr.Guerra
made a motion to approve the financial report,seconded by Ms.Opel and
passed unanimously.
4. Amendment of Fiscal Year 2013-2014 Operating Budget
Motion approving the amendment of the Fiscal Year 2013-2014
Operating Budget adopted by City of Corpus Christi Ordinance No.
029915 to extend fiscal year 2013-2014 two months, by adjusting
expenditures and revenues in the Seawall Improvement Fund, the
Seawall Improvement Debt Service Fund, Arena Fund, Arena Debt
Service Fund, Corpus Christi Business and Job Development Fund,
and Corpus Christi Business and Job Development Debt Service
Fund.
President Tamez referred to Item 4.Assistant Director of Management and
Budget Eddie Houlihan stated that the purpose of this item is to approve the
extension of the current fiscal year by two months to change the fiscal year to
October 1st through September 30th.Mr.Guerra made a motion to approve
Item 4,seconded by Ms.Opel and passed.
5. Amendment to Agreement with City of Corpus Christi Homebuyer
Assistance Program
Motion amending the Agreement between the Type A Corporation and
the City for Homebuyer Assistance Services to add $30,000.00 paid
by the Corporation to the City for additional services by the Housing
and Community Development Department; amending the fiscal year
2013-2014 operating budget to allow for this increased funding of
Corpus Christi Page 2 Printed on 4/16/2014
Corpus Christi Business and Job Meeting Minutes March 17,2014
Development Corporation
$30,000 from the Unreserved Fund Balance in the No. 1140
Business/Job Development Fund; and appropriating $30,000 from
Unreserved Fund Balance of the Type A Fund 1140 "Economic/Job
Development Fund.
President Tamez referred to Item 5.Director of Housing and Community
Development Eddie Ortega stated that the purpose of this item is to amend the
agreement for Homebuyer Assistance Services to increasing funding an
additional$30,000 to reimburse for staff services.Mr.Guerra made a motion to
approve Item 5,seconded by Dr.Gulley and passed.
6. Motion Authorizing Recapture of Funds Awarded to Nueces
County Community Action Agency and the Affordable Housing
Marketing Program
Motion authorizing the Board to recapture funds awarded to the
Nueces County Community Action Agency (NCCAA) in the amount of
$121,723.00 and recapturing funds awarded to the City of Corpus
Christi for the Affordable Housing Marketing Program in the amount of
$30,000 in the Type A Fund 1140 "Business/Job Development Fund".
President Tamez referred to Item 6.Director of Housing and Community
Development Eddie Ortega stated that the purpose of this item is to recapture
funds awarded to the Nueces County Community Action Agency in the amount
of$121,723 and the City's Affordable Housing Market Program in the amount of
$30,000.Ms.Opel made a motion to approve Item 6,seconded by Mr.Guerra
and passed.
7. Motion to Approve Grant for Arena Maintenance and Repairs
Motion to approve a grant of$193,375.66 to SMG-American Bank
Center for repair and maintenance needs at the Arena; amending the
fiscal year 2013-2014 budget for the Fund 1130 Arena Facility Fund to
allow for this funding of$193,375.66 from the Unreserved Fund
Balance in the No. 1130 Arena Facility Fund; and appropriating
$193,375.66 from the Unreserved Fund Balance in the No. 1130
Arena Facility Fund.
President Tamez referred to Item 7.Director of Financial Services Constance
Sanchez stated that the purpose of this item is to approve a grant of
$193,375.66 to SMG-American Bank Center for repair and maintenance needs
at the Arena.Ms.Sanchez added that this item will be appropriated by SMG
from FY2012-2013 into the FY2013-2014.Ms.Opel made a motion to approve
Item 7,seconded by Mr.Braselton and passed.
8. Motion Appropriating Funds for American Bank Center Marketing
and Co-Promotion
Motion to approve a grant of$100,000 to SMG-American Bank Center
for Marketing and Co-Promotion regarding use of the Arena; amending
the fiscal year 2013-2014 operating budget to allow for this funding of
Corpus Christi Page 3 Printed on 4/16/2014
Corpus Christi Business and Job Meeting Minutes March 17,2014
Development Corporation
$100,000 from the Unreserved Fund Balance in the No. 1130 Arena
Facility Fund; and appropriating $100,000 from the Unreserved Fund
Balance in the Type A Fund 1130 Arena Facility Fund.
President Tamez referred to Item 8.General Manager of SMG/American Bank
Center Jim Salamenta stated that the purpose of this item is to replenish the
funding for the Marketing and Co-Promotion fund in the amount of$100,000 to
have readily available to continue the support of high-profile events at the
American Bank Center.Dr.Gulley made a motion to approve Item 8,seconded
by Mr.Braselton and passed.
9. Delivery of Type A Board Agenda
Discussion and possible action regarding the timing of the delivery of
the monthly Corpus Christi Business and Job Development
Corporation agenda.
President Tamez referred to Item 9.Ms.Opel stated that she recommended this
item be placed on the agenda to discuss the timing of the delivery of the
monthly agenda to allow the Board additional time to view the agenda
materials.Assistant City Manager Margie Rose recommended posting the
agenda on the Wednesday prior to the meeting.Ms.Opel made a motion to
post the monthly Type A Board Agenda no later than the Wednesday prior to
the meeting,seconded by Dr.Gulley and passed.
G. PRESENTATION ITEMS: (ITEMS 10-16)
10. Update-Junior Beck Extension Project
President Tamez referred to Item 10.Assistant City Manager Margie Rose
stated the purpose of this item is to provide an update on the Junior Beck
Extension Project.Ms.Rose stated that she was informed that Mr.Hugo
Berlanga spoke with President of the Corpus Christi Regional Economic
Development Corporation Roland Mower and indicated that the family has
hired an attorney to review the agreement and Mr.Mower should receive
feedback sometime this week.
11. Update-Capital Construction Projects Department
President Tamez referred to Item 11.Executive Director of Public Works
presented the presented the Capital Programs Department monthly project
updates.
12. Update -Housing and Communtiy Development
President Tamez referred to Item 12.Director of Housing and Comunity
Development Eddie Ortega presented the monthly Housing and Community
Development report.
13. Update -Type A Projects
President Tamez referred to Item 13.Assistant City Manager Margie Rose
Corpus Christi Page 4 Printed on 4/16/2014
Corpus Christi Business and Job Meeting Minutes March 17,2014
Development Corporation
referred to the Small Business Programs and Major Business Incentives
Monthly Report provided in the packet.Board members asked questions
regarding MotorGlobe;the reimbursement for the road at Majek Boatworks;
other areas to be recaptured;and a timeframe for the projects.
14. Update-Median Purchase Price
President Tamez referred to Item 14.Director of Housing and Community
Development Eddie Ortega stated that the median purchase price for a newly
constructed home is$151,905 and an existing inventory home is$134,000.
15. Update-Homebuyer Assistance Reconciliation
President Tamez referred to Item 15.Director of Housing and Community
Development Eddie Ortega presented the Homebuyer Assistance
Reconciliation Report as of January 2014.
16. Update -Communication Initiatives
President Tamez referred to Item 16.Director of Public Communications Kim
Womack stated that the purpose of this item is to provide an update on the
communication plan options and status on the website.Ms.Womack
presented information on the approved logo; logo development;cost of the
website and website goals;and options for consideration including signage,
contacting previously grantees about possible signage,and contract language.
In response to the board,Ms.Womack stated that the website should be ready
within 45 to 60 days.
H. EXECUTIVE DIRECTOR COMMENTS:
None.
PUBLIC COMMENT
None.
PLEASE BE ADVISED THAT THE OPEN MEETINGS ACT PROHIBITS THE
CORPORATION FROM RESPONDING AND DISCUSSING YOUR COMMENTS AT
LENGTH.THE LAW ONLY AUTHORIZES THEM TO DO THE FOLLOWING:
1. MAKE A STATEMENT OF FACTUAL INFORMATION.
2. RECITE AN EXISTING POLICY IN RESPONSE TO THE INQUIRY.
3.ADVISE THE CITIZEN THAT THIS SUBJECT WILL BE PLACED ON AND
AGENDA
AT A LATER DATE.
J. IDENTIFY FUTURE AGENDA ITEMS
President Tamez referred to Identifying Future Agenda Items.The following
Corpus Christi Page 5 Printed on 4/16/2014
Corpus Christi Business and Job Meeting Minutes March 17,2014
Development Corporation
items were requested to be included on a future agenda: possible use of
matching funds for the Artifical Reef Ship Project;presenting a resolution of
appreciation to Mike Culbertson for his continued support;the Del Mar College
Industrial Training project;a discussion regarding HUD rules governing local
tax dollars for affordable housing;and a legal interpretation on the definition of
affordable housing.
K. ADJOURNMENT
The meeting was adjourned at 5:22 p.m.
Corpus Christi Page 6 Printed on 4/16/2014