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Home My WebLink AboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 09/15/2014 Corpus Christi 1201 Leopard Street Corpus Christi,TX S78401 treet ` cctexas.corn C °' `.,:- !. Meeting Minutes Corpus Christi Business and Job Development Corporation Monday,September 15,2014 3:00 PM City Council Chambers A. President Bart Braselton to call the meeting to order. President Braselton called the meeting to order. B. Call Roll Present: 5- Bart Braselton, Gabriel Guerra, R. Bryan Gulley, Chris Hamilton and Debbie Lindsey-Opel C. MINUTES 1. Approval of Regular Meeting of August 11, 2014. President Braselton referred to approval of the minutes.Mr.Guerra made a motion to approve the minutes,seconded by Dr.Gulley and passed unanimously. D. CLOSED SESSION ITEMS: Present Braselton referred to the day's executive session.The Board went ino executive session. 2. Closed session pursuant to Section 551.087 of the Texas Government Code to discuss confidential commercial or financial information pertaining to Conexia, Inc. 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 Braselton referred to Item 2.Mike Culbertson,Corpus Christi Regional Economic Development Corporation,stated that the purpose of this item is a request to approve a motion to approve Type A funds in the amount of$160,000 to Conexia for the creation of jobs over a five year period.Mr. Culbertson stated that the contract is performance based and the company plans to expand to 80 jobs in the area with an average salary of$73,000.Ryan Clay with Texas Star Alliance was available to respond to questions. Mr.Hamilton made a motion to approve a$160,000 grant to Conexia Inc.for the creation of 80 jobs over five(5)years;and appropriating$160,000 from the Unreserved Fund Balance,Fund 1140,Economic Development;and changing Corpus Christi Page 1 Printed on 10/21/2014 INDEXED Corpus Christi Business and Job Meeting Minutes September 15,2014 Development Corporation the fiscal year 2013-2014 operating budget to reflect this grant,seconded by Dr.Gulley and passed unanimously. Enactment No: F. PRESENTATION ITEMS: 9. Update -Capital Programs Monthly Project Report President Braselton deviated from the agenda and referred to Item 9.Acting Director of Capital Programs Natasha Fudge presented the Capital Programs monthly project updates for the Salt Flats Levee Project/FEMA Mapping,the Barge Dock Project and the American Bank Center and Selena Auditorium Loading Dock Project.Board members asked questions regarding the the anticipated costs for the loading dock project and other options for consideration;and the funding for the Miradors Project. 10. Update -Type A Projects President Braselton referred to Item 10.Mike Culbertson,Corpus Christi Regional Economic Development Corporation,presented the monthly update on the small business programs and major business incentives.Joe Dove, President of SCORE,provided an update on the services provided and volunteer efforts for small businesses.Mr.Dove invited the board to attend the 50th Anniversary Luncheon on September 25th at the Arts Center. 11. Update -Communication Initiatives President Braselton referred to Item 11.Director of Communications Kim Womack provided an update on the communications initiatives including an example of the letterhead;the draft communication plan;and the list of grantees to request that they display signage.Board members discussed the following topics:continuation of the marketing plan;the status of the website; and including the title of Secretary to the letterhead. E. AGENDA ITEMS: 3. Motion to accept Financial Report. President Braselton referred to Item 3.Director of Financial Services Constance Sanchez presented the sales tax report through July;the cash flow statements;a detail of July expenditures for the arena and economic development funds;the commitment reports for the economic development fund and the pro forma report for the economic development fund.Ms.Opel made a motion to approve the financial report,seconded by Mr.Guerra and passed unanimously. Enactment No: 4. Grant for Accion Texas, Inc. Interest Buy-Down Program for Fiscal Year 2014-2015 Corpus Christi Page 2 Printed on 10/21/2014 Corpus Christi Business and Job Meeting Minutes September 15,2014 Development Corporation Motion approving a Small Business Incentives Agreement between the Corpus Christi Business and Job Development Corporation and Accion Texas, Inc. ("Accion")to provide a grant of up to$400,000 in FY15 to assist small businesses. President Braselton referred to Item 4.Mike Culbertson,Corpus Christi Regional Economic Development Corporation,stated that the purpose of this item is to approve a new Type A grant to ACCION that allows the buy down of the loan interest rate to 3.0%.Board members asked questions regarding the reason for changing the buy down from 5.5%to 3%;the funding provided to ACCION over the last 10 years and the funds administered;and reducing the funding to$250,000 with the option to revisit next year. Mr.Guerra made a motion to amend the motion to renew the Small Business Incentive Agreement with ACCION Texas,Inc.in the amount of$250,000 at an interest rate of 5.5%;seconded by Dr.Gulley and passed unanimously. Enactment No: 5. Renew Grant for Del Mar College Internship Program for 2014-2015 Motion to approve the renewal of the Small Business Incentives Agreement between the Corpus Christi Business and Job Development Corporation and Del Mar College for an internship program to support small businesses in the amount of$173,223 for FY15. President Braselton referred to Item 5.Mike Culbertson,Corpus Christi Regional Economic Development Corporation,stated that the purpose of this item is to renew the Type A Grant for Del Mar College's Internship Program in the amount of$173,223.Board members spoke regarding the following topics: review of the program to evaluate the best use of the resources given today's market place;and the funding allocated over the last 11 months. Mr.Guerra made a motion to table Item 5 to ask Del Mar to justify the current program and/or to present other options for the intern program based on today's market;seconded by Ms.Opel and passed unanimously. Enactment No: 6. Renew Grant for Texas A&M University -Corpus Christi Internship Program for 2014-2015 Motion to approve the renewal of the Small Business Incentives Agreement between the Corpus Christi Business and Job Development Corporation and Texas A&M University-Corpus Christi for an intern program to support small businesses in the amount of $190,635 for FY15. President Braselton referred to Item 6.Mr.Culbertson stated that this item is regarding the intern program for Texas A&M University-Corpus Christi.Mr. Culbertson said based on the discussion on the previous item,he will meet Corpus Christi Page 3 Printed on 10/21/2014 Corpus Christi Business and Job Meeting Minutes September 15,2014 Development Corporation with the University to bring back options for a porgram that is sustainable, makes better use of the funds and provide a return on investment.Mr.Guerra made a motion to table Item 6,seconded by Dr.Gulley and passed unanimously.Assistant Secretary Huerta stated for the record that Ms.Opel abstained from the discussion and vote on Item 6. Enactment No: 7. Updating Corporation's General Policies Motion to update some of the corporation's usual practices and policies to add efficiency and clarity to them. President Braselton referred to Item 7.President Braselton stated that he requested that this item be placed on the agenda to discuss adopting new policies that the board would like to adopted.President Braselton referred to an email that was sent to the board members individuals with proposed policies for consideration at the City Council level and Board level.Board members spoke regarding the following topics:the Council's upcoming discussions on economic development;concern that the policies might restrict the Board;the roles and the relationship with the Corpus Christi Regional Economic Development Corporation(EDC);the vetting process on economic development projects;consideration that projects be presented to the Council to review prior to being reviewed by the Board;touring of facilities; and the Board receiving information on projects prior to asking the Board to vote;and continuing the discussion during the October meeting. 8. Economic Development Sales Tax Workshop Discussion and consideration of new Board members and some staff members attending the Economic Development Sales Tax Workshop. President Braselton referred to Item 8.Director of Financial Services Constance Sanchez stated that the purpose of this item is to provide the opportunity to discuss which board members would like to attend the Economic Development Sales Tax Workshop on December 12,2014.Mr. Hamiliton made a motion for four or five members to attend the workshop as necessary,seconded by Ms.Opel and passed unanimously. G. EXECUTIVE DIRECTOR COMMENTS: •Strategic Plan Workshop with Council President Braselton referred to Executive Director Comments.Director of Financial Services Constance Sanchez reported that on September 23,2014, City staff will be having a discussion with the City Council on economic development.Ms.Sanchez said there will be a series of discussion with the City Council and staff will keep the board posted on those discussions. H. PUBLIC COMMENT None. Corpus Christi Page 4 Printed on 10/21/2014 Corpus Christi Business and Job Meeting Minutes September 15,2014 Development Corporation I. IDENTIFY FUTURE AGENDA ITEMS President Braselton referred to identifying future agenda items.The following item were discussed to be placed on a future agenda:consideration and possible action of new corporation policies;an update on the number of City-owned lots;Habitat for Humanity funding;the proposed affordable housing budget;the amount of funding spent for Housing and Community Development staff time;an overview of the Housing and Community Development program;notifying individuals on the model block program;and adding the Miradors to the Capital Project update. J. ADJOURNMENT The meeting was adjourned Corpus Christi Page 5 Printed on 10/21/2014