HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 07/21/2014 1201 Leopard Street
Corpus Christi Corpus Christi,TX 78401
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Meeting Minutes •
Corpus Christi Business and Job
Development Corporation
Monday,July 21,2014 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 a quorum of the Board was present to conduct
the meeting.
Present: 5- President Robert Tamez, Secretary Debbie Lindsey-Opel,Vice Chair R.
Bryan Gulley, Board Member Bart Braselton and Board Member Gabriel
Guerra
C. MINUTES
1. Approval of Regular Meeting of May 19, 2014.
President Tamez called for approval of the minutes. Mr.Guerra made a motion
to amend item number 5 in the minutes to include that an economic impact
study has been attached to support the$100,000 matching grant for the
artificial reef,seconded by Ms.Opel and passed. Ms.Opel made a motion to
approve the minutes as amended,seconded by Mr.Braselton and passed.
D. CLOSED SESSION ITEMS: (ITEM 2)
2. Closed session pursuant to Section 551.087 of the Texas Government
Code to discuss confidential commercial or financial information
pertaining to a business prospect 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 no discussion or action in open session.
This E-Session Item was discussed in executive session.
E. AGENDA ITEMS: (ITEMS 3 -10)
3. Motion to accept Financial Report.
President Tamez referred to Item 3. Director of Financial Services Constance
Sanchez presented the sales tax report;cash flow statements;commitment
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reports for the economic development fund;and pro forma report for the
economic development fund. Ms.Opel asked what interest rate the monies are
earning. Ms.Sanchez stated the monies are currently earning 23 basis points.
Ms.Opel also requested an efficiency measure for each project recommended
for approval by the Board that measures the time from consideration by the
Board through final action by the City Council. Dr.Gulley made a motion to
approve the financial report,seconded by Mr.Guerra and passed.
Enactment No:
4. Motion to Approve Fiscal Year 2014-2015 Operating Budget
Motion to approve the Corporation's Fiscal Year 2014-2015 operating
budget for the Seawall Fund#1120, the Seawall Debt Service Fund
#1121, the Arena Facility Fund#1130, the Arena Facility Debt Service
Fund#1131, the Business/Job Development Fund#1140, and the
Business/Job Development Debt Service Fund#1141.
President Tamez referred to Item 4. Assistant Director of Management and
Budget Eddie Houlihan presented the Corporation's Fiscal Year 2014-2015
operating budget. Items discussed were: the change in the Corporation's
fiscal year to begin October 1st of each year;the FY2014-2015 budget reflects a
6%increase in sales tax revenue over FY 2013-2014; transfers of operating
funds to pay debt service;seawall revenue and debt service; transfers to the
arena fund for insurance,management fees and MIS-related costs;transfer of
funds for visitors'facilities;encumberances for major business incentives;
reserve for commitments of 2% related to bond covenants;and administrative
costs in each fund. Dr.Gully made a motion to provide$15,000 from each fund
toward staff administrative costs,amending the FY 2014-2015 operating
budget,seconded by Ms.Opel and passed.Ms.Opel made a motion to accept
the budget as amended and revisit the budget in August 2014,seconded by Mr.
Braselton and passed.
Enactment No
5. Update on Solid Rock Commercial Properties, Ltd.with Possible
Action
President Tamez referred to Item 5. Wes Pierson Assistant City Manager stated
that the purpose of this item is to provide the Board with an update on the
extension of Junior Beck Road and the agreement with Solid Rock Commercial
Properties,Ltd. Mr.Pierson played Mayor Nelda Martinez's comments
regarding this item during the July 8th city council meeting regarding the
recommendation from the Board regarding this item and the precedent it sets
with respect to a level playing field for businesses. Mayor Martinez indicated
staff will discuss two options with Solid Rock Commercial Properties,Ltd.to
find a solution to make this project happen. Board members discussed the
following topics: what action council can take with respect to
recommendations from the Board;and that staff is researching the creation of
an adminstrative assessment on surrounding property owners or a public
improvement district to fund the improvements. Mr.Pierson stated it is staff's
goal to have the road completed within a year of execution of the agreement
that is eventually finalized. No action was taken.
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6. Post-Economic Development Sales Tax Future Uses Workshop
Report
Discussion about the March 17, 2014 economic development
one-eighth cent sales tax post-workshop report and possible action
regarding its suggested future uses of the tax and adoption of
guidelines for these uses.
President Tamez referred to Item 6. Ms.Opel indicated the purpose of this item
is to discuss future uses of the one-eighth cent sales tax and adoption of
guidelines for these uses. Ms.Opel discussed the following principles:
leveraging funding to stimulate private investment;coordinating planning with
city council;targeting certain geographic areas;developing a decision matrix
for public infrastructure;and assessing social and economic program impacts.
Mr.Guerra stated that the Board needs to develop a strategic plan,with
assistance from city staff. Ms.Opel made a motion to direct staff to schedule a
workshop with city council to discuss strategic planning for the economic
development Type A funds and to shed some light on building a strategic plan
for the next few years,seconded by Mr.Guerra and approved.
7. De-Obligate Funds From Texas A&M University -Corpus Christi
FAA Center Project
Motion to de-obligate funds in the amount of$13,250 from the grant to
Texas A&M University-Corpus Christi to support an FAA Center
project and return the funds to the unreserved fund balance of the No.
1140 Business/Job Development Fund.
President Tamez referred to Item 7. Mike Culbertson,Corpus Christi Regional
Economic Development Corporation,stated that the purpose of this item is to
de-obligate funds from the Grant to Texas A&M University-Corpus Christi. Dr.
Brian Gulley made a motion to de-obligate funds in the amount of$13,250 from
the Grant to Texas A&M University-Corpus Christi to support an FAA Center
project and return the funds to the unreserved fund balance of the No.1140
Business/Job Development Fund,seconded by Mr.Guerra and passed.
Enactment No:
8. Appoint Representative to Accion Texas Board of Directors
Motion to appoint Kathryn Snapka to the Accion Texas Board of
Directors.
President Tamez referred to Item 8. Mike Culbertson,Corpus Christi Economic
Development Corporation,stated the purpose of this item is to appoint Kathryn
Snapka to the Accion Texas'Board of Directors. Janie Barrera,President/CEO
of Accion Texas and Kathryn Snapka spoke regarding the mission of Accion.
Mr.Tamez made a motion to appoint Kathryn Snapka to the Accion Texas
Board of Directors,seconded by Mr.Guerra and passed.
Enactment No:
9. Motion to Amend Program Guidelines for the Builder's New
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Construction and Existing Inventory Affordable Housing
Programs
Motion to delete the following language from Guidelines for the
Program and Criteria for Application, Section II. General Program
Description; "or any Affordable Housing program administered by the
City of Corpus Christi".
President Tamez referred to Item 9. Eddie Ortega,Director of Housing and
Community Development,stated that the purpose of this item is to modify the
language in the Guidelines for the Program and Criteria for Application that will
allow qualified homebuyers to participate in the City's Homebuyer Assistance
Program when utilizing the Type A funded Affordable Housing Program. Mr.
Guerra made a motion to delete the following language from Guidelines for the
Program and Criteria for Application,Section II.General Program Description;
"or any Affordable Housing program administered by the City of Corpus
Christi",seconded by Dr.Gulley and passed.
Enactment No:
10. Fiscal Year 2015 Seawall Capital Improvement Program Budget
Motion to approve the Fiscal Year 2015 Seawall Capital Improvement
Program Budget and recommend City Council approval and
appropriation of funds.
President Tamez referred to Item 10. Natasha Fudge,Acting Director of Capital
Programs,stated that the purpose of this item is to approve the Seawall
Capital Improvement Program. Directors discussed funding and funding
matches for sand re-nourishments at North and Magee Beaches. Ms.Opel
made a motion to approve the Fiscal Year 2015 Seawall Capital Improvement
Program Budget and recommend City Council approval and appropriation of
funds,seconded by Mr.Guerra and approved.
Enactment No:
F. PRESENTATION ITEMS: (ITEMS 11 - 13)
11. Update -Capital Programs Monthly Project Report
President Tamez referred to Item 11. Natasha Fudge,Acting Director of Capital
Programs,discussed the current status of the Salt Flats Levee Project; Barge
Dock Project;and the screening wall that is part of the American Bank Center
Loading Dock Project.
12. Update - Housing and Community Development Report
President Tamez referred to Item 12. Eddie Ortega,Director of Housing and
Community Development,presented the May and June Housing and
Community Development Activity Reports.
13. Update -Type A Projects
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President Tamez referred to Item 13. Mike Culbertson,Corpus Christi
Economic Development Corporation,gave an update of small business
programs and large business incentives regarding Accion and Del Mar
Aviation. David Arrequin,Department Chair of the Business Professional
Technology Education Division,provided an update on the aviation program.
Ms.Jamie Barrera,Accion Texas,provided an update regarding Accion's loan
program funded by the City. Ms.Barrera discussed the buy-down program.
Laura Estrada,Accion Texas,provided examples of clients to which Accion
Texas has provided working capital to start small businesses. Ms.Barrera also
discussed a possible name change for Accion Texas and reported that,of the
funds provided by the Corporation,Accion has about$100,000 remaining.
G. EXECUTIVE DIRECTOR'S COMMENTS:
Deputy City Manager Margie Rose stated that this is President Tamez's last
meeting and she thanked him for his service on the Board. Dr.Gulley also
thanked President Tamez for his work on the Board. President Tamez
introduced his replacement on the Board,Mr.Chris Hamilton.
H. PUBLIC COMMENT
Michael Culbertson,Corpus Christi Economic Development Corporation,
thanked President Tamez for his service on the Board.
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 AN
AGENDA AT A LATER DATE.
I. IDENTIFY FUTURE AGENDA ITEMS
President Tamez referred to identifying future agenda items.The following
items were requested to be placed on a future agenda:budget workshop and
the Corporation's strategic plan.
J. ADJOURNMENT
The meeting was adjourned at 5:38 p.m.
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