HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 08/11/2014 Corpus Christi 1201 Leopard Street
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Meeting Minutes
Corpus Christi Business and Job
Development Corporation
Monday,August 11,2014 3:00 PM City Council Chambers
A. Vice President R. Bryan Gulley to call the meeting to order.
Vice President Gulley called the meeting to order.
B. Call Roll
Vice President Gulley verified that a quorum of the Board was present to
conduct the meeting.
Present: 5- Bart Braselton, Gabriel Guerra, R. Bryan Gulley, Chris Hamilton and
Debbie Lindsey-Opel
E. AGENDA ITEMS: (ITEM 3)
3. Corporation Officer Election for 2014-15 Term
Election of Corporation Officers for August 1, 2014 through July 31,
2015.
Vice President Gulley deviated from the agenda and referred to Item 3.Mr.
Guerra made a motion to nominate Bart Braselton as President,seconded by
Dr.Gulley and passed unanimously.Ms.Opel made a motion to nominate
Bryan Gulley as Vice President,seconded by Mr.Braselton and passed
unanimously.Mr.Guerra made a motion to nominate Debbie Lindsey-Opel as
Secretary,seconded by Mr.Hamilton and passed unanimously.
C. MINUTES
1. Approval of Regular Meeting of July 21, 2014.
President Braselton called for approval of the minutes.Mr.Guerra made a
motion to approve the minutes,seconded by Dr.Gulley and passed
unanimously.
D. CLOSED SESSION ITEMS:
President Braselton referred to the day's executive session.The Corporation
went into executive session.
2. Closed session pursuant to Section 551.087 of the Texas Government
Code to discuss confidential commercial or financial information
pertaining to Corpus Christi Cold Storage, LLC that the Corporation
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Corpus Christi Business and Job Meeting Minutes August 11,2014
Development 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 Braselton referred to Item 2. Emily Martinez with the Corpus Christi
Regional Economic Development Corporation stated that the purpose of this
item is to consider a request from Corpus Christi Cold Storage,LLC to approve
an incentive agreement in the amount of$265,000 over a five(5)year period for
the expansion of the only cold storage facility available in the Corpus Christi
and regional area.This incentive agreement includes the retention of six(6)
jobs and the addition of five(5)jobs over the five-year period and a capital
investment of$1.5 million.Butch Pool,Partner with Corpus Christi Cold
Storage was available to respond to questions.Board members asked
questions regarding the types of clients that use the storage facility;job
retention and creation; investment in the project;and timeframe to enhance
the facility.
Ms.Opel made a motion to approve an award of$265,000 over five years
between the Type A Corporation and Corpus Christi Cold Storage,LLC for the
retention and creation of jobs in the community and appropriating$265,000
from the fund balance in Fund 1140,seconded by Dr.Gulley and passed.
Enactment No:
F. PRESENTATION ITEMS: (ITEM 9)
9. Fiscal Year 2014-2015 Operating Budgets
President Braselton deviated from the agenda and referred to Item 9.Assistant
Director of Management and Budget Eddie Houlihan provided a detailed
budget on the transfer from the Arena Fund to the Visitors Fund and discussed
the following changes to the FY2014-2015 Operating Budgets including the
addition of$6.5 million in Fund 1120 and the addition of$500 in Fund 1140 for
small business projects.Board members spoke regarding the following topics:
the MIS allocation;the seawall transfer to debt service;the negative amount in
the unreserved fund balance for the business and job development fund;and
the budget for major business incentives.
E. AGENDA ITEMS: (ITEMS 4-8)
4. Motion to accept Financial Report.
President Braselton referred to Item 4.Director of Financial Services
Constance Sanchez presented the sales tax report;the cash flow statements;
the commitment reports for the economic development fund;and the pro
forma report for the economic development fund.Board members spoke
regarding the following topics:a breakdown of the baseball stadium
insurance;clarification of the workers compensation;and the affordable
housing balance that is unpaid but committed.Mr.Guerra made a motion to
approve the financial report,seconded by Ms.Opel and passed.
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Enactment No:
5. Reserving Loan Repayments for Streets
Review of the legal status of reserving loan repayments for continued
funding of streets.
President Braselton referred to Item 5.Ms.Opel stated that she requested an
explanation from the Legal Department to determine if it is feasible for the
board to develop a lending mechanism for street projects similar to the Solid
Rock agreement.Ms.Opel stated that based on the memo presented by the
Legal Department,the board has the ability to create a loan funding
mechanism to fund streets and evaluate the project based on a policy criteria
established by the Board.
Enactment No:
6. Amending Articles of Incorporation
Motion to recommend to City Council that the Corporation's Articles of
Incorporation be amended to update purposes of Corporation and
update registered agent for service.
President Braselton referred to Item 6.Senior Assistant City Attorney Julian
Grant stated that the purpose of this item is to amend the Articles of
Incorporation and update the registered agent for service.Mr.Grant stated that
it was recently discovered that the Articles of Incorporation had not been
updated to include the voter-approved purposes in the 2002 election that
authorized the one-eighth cent economic development sales tax.Mr.Grant
provided an overview of the proposed changes.
Mr.Hamilton made a motion that the Board of Directors of the Corporation file
with the City Council a written application requesting that the City Council
approve these amendments to the certificate of formation,seconded by Ms.
Opel and passed(Guerra was absent).
Enactment No:
7. Discussion of Board-Applicant Contact
Discussion of Board members and contacts with applicants outside a
Board meeting.
President Braselton referred to Item 7.Senior Assistant City Attorney Julian
Grant stated that the purpose of this item is to discuss board members and
contacts with applicants outside a board meeting.Mr.Grant briefed the board
on the open meeting ramifications of meeting with contacts outside the scope
of regularly posted meetings and advised against two(2)members of a five(5)
member board meeting with an applicant outside a regularly posted meeting.
Mr.Grant also spoke regarding the ethics policies and conflict of interest
provisions.Board members asked questions regarding the following topics:
the number of members allowed to meet with staff; how to handle touring
facilities;what is allowed to be discussed outside of a regularly scheduled
meeting;and the code of ethics.
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8. Creation of a Strategic Plan Subcommittee
Discussion of the creation of a subcommittee for the development of a
Type A Strategic Plan, with possible action.
President Braselton referred to Item 8. President Braselton stated that the
purpose of this item is to discuss the development of a strategic plan to work
with the City Council.President Braselton stated that the Board voted to have
a workshop with the City Council at the last meeting.Ms.Opel said the intent
of the board's motion was to meet with the City Council during a joint
workshop session to discuss how to use the resources in the economic
development fund and share ideas on how to build a strategic plan and set an
outline for parameters.Mr.Hamilton suggested creating a subcommittee with
two members of the board,two members from the Economic Development
Corporation(EDC)and two staff members.Dr.Gulley recommended
continuing with the joint workshop tobe all inclusive of the City Council,the
Type A Board,the EDC and open to the public.Assistant City Manager Margie
Rose said she has met with the City Manager and the goal is to come back
during the September meeting with dates that can be mutually agreed upon
between the board and the City Council.President Braselton stated that the
workshop should be inclusive of the Board,Council,EDC and City staff.
F. PRESENTATION ITEMS: (ITEMS 10 - 13)
10. Update -Capital Programs Monthly Project Report
President Braselton referred to Item 10.Acting Director of Capital Programs
Natasha Fudge presented the Capital Programs monthly project updates.
11. Update -Housing and Community Development Monthly Report
President Braselton referred to Item 11.Director of Housing and Community
Development Eddie Ortega presented the Housing and Community
Development monthly report for July 2014.Board members asked questions
regarding the reimbursement program;staff expenses for administering the
affordable housing progrmas;and model block funding,specifically for Habitat
for Humanity. Assistant City Manager Rose stated that staff will prepare a
presentation to discuss the affordable housing programs for the September
meeting.
12. Update -Type A Projects
President Braselton referred to Item 12.Mike Culbertson with the Corpus
Christi Regional Economic Development Corporation presented the monthly
update on the small business programs and major business incentives.Mr.
Culbertson also provided information on the M&G Resins USA,LLC project
including the project timetable;key milestones;engineering and procurement;
construction timetable;and permitting status.
13. Update - Proposed Use for Seawall Maintenance Funds
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President Braselton referred to Item 13.Acting Director of Capital Programs
Natasha Fudge stated that the purpose of this item is to propose utilizing
unspent seawall maintenance funds to enhance the seawall by addressing the
need for Mirador maintenance.Ms.Fudge presented pictures and details on
the conditions of the Miradors and needed repairs.Board members asked
questions regarding the estimated costs;whether the Selena statute is
included in the repairs;whether the seawall funds can be spent for this
purpose;and long term maintenance solutions.
G. EXECUTIVE DIRECTOR COMMENTS:
None.
H. PUBLIC COMMENT
None.
I. IDENTIFY FUTURE AGENDA ITEMS
President Braselton referred to identifying future agenda items.The following
items were requested to be placed on a future agenda:a memo from Legal on
the future wording of items as it relates to retention versus creation of jobs;
and an update on the branding plan.
J. ADJOURNMENT
The meeting was adjourned at 5:38 p.m.
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