HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 05/18/2015 I+
Corpus Christi 1201 Leopard Street
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47 1 Corpus Christi,TX 78401
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.� Meeting Minutes
Corpus Christi Business and Job
Development Corporation
Monday,May 18,2015 4:00 PM City Council Chambers
A. President Bart Braselton to call the meeting to order.
President Braselton called the meeting to order.
B. Call Roll
President Braselton 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
C. MINUTES
1. Approval of Regular Meeting of April 20, 2015.
President Braselton called for approval of the minutes.Ms.Opel made a
motion to approve the minutes,seconded by Mr.Guerra and passed
unanimously.
F. AGENDA ITEMS: (ITEM 4)
4. De-Obligate$1,497,000 from Solid Rock Commercial Properties,
Ltd.
Motion to de-obligate$1,497,000 from Solid Rock Commercial
Properties, Ltd. to the Type A Fund 1140 for 2015.
Deputy City Manager Margie Rose informed the Board that staff would be
requesting to table Item 4.Ms.Opel made a motion to table Item 4,seconded
by Dr.Gulley and passed unanimously.The item was tabled.
D. FINANCIAL REPORT
2. Financial Report as of March 31, 2015.
President Braselton referred to Item 2.Director of Financial Services
Constance Sanchez presented the sales tax report for March;cash flow
statements;the commitment reports;the pro forma report for the economic
development fund;detailed expenditures for the economic development fund;
and the since-inception reports.
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Board members spoke regarding the following topics:sales tax projections for
end of fiscal year; updates from Sam Kane including the status contract and
compliance;payment to the Corpus Christi Housing Authority;and clarification
on the affordable housing payments.
E. CLOSED SESSION ITEMS: (ITEM 3)
3. Closed session pursuant to Section 551.087 of the Texas Government
Code to discuss confidential commercial or financial information
pertaining to HEB Grocery Company 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 discussion and possible action in open
session.
President Braselton referred to Item 3,the executive session item.The Board
went into executive session.The Board returned from executive session.Emily
Martinez,Corpus Christi Regional Economic Development Corporation,stated
that the purpose of this item is to consider an amendment to the contract with
HEB Grocery Company,L.P.for the improvements to McCampbell Road
located in front of the bakery facility.The original agreement was approved in
the amount of$850,000 for the reconstruction of McCampbell Road in concrete
and to include all infrastructure.HEB has requested an increase in the amount,
not to exceed$1.1 million,for the reconstruction of McCampbell Road
including public infrastructure.
City Secretary Huerta announced that Mr.Hamilton would be abstaining from
the vote on this item.Ms.Opel made a motion to approve an additional
amount,not to exceed$250,000,to HEB Grocery Company,L.P.for the
retention of jobs,seconded by Mr.Guerra and passed unanimously.
F. AGENDA ITEMS: (ITEMS 4-6)
5. $140,000 Allocation into Homebuyer's Assistance Program
Motion to allocate$140,000 from the Available for Projects line item
into the Homebuyer's Assistance Program.
President Braselton referred to Item 5.Director of Housing and Community
Development Eddie Ortega stated that the purpose of this item is to allocate an
additional$140,000 from the Available for Projects line item into the
Homebuyer Assistance Program,which currently has$80,000 in available
funding for the rest of the fiscal year.Board members requested to address
Item 6 regarding the Homebuyer Assistance Program Guidelines prior to taking
action on this item.No action was taken.
6. Homebuyer Assistance Program Guidelines
Discussion with possible action regarding amendment of the
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Homebuyer Assistance Program Guidelines.
President Braselton referred to Item 6.Director of Housing and Community
Development Eddie Ortega stated that the purpose of this item is to discuss
amendments to the homebuyer assistance program guidelines.Mr.Ortega
provided information on the following options:taking no action and keeping
the current$20,000 deferred forgivable loan amount;providing a deferred
forgivable loan in the amount of$10,000 of the purchase price;or providing a
deferred forgivable loan in the amount of either 10%or 5%of the purchase
price.Board members spoke regarding the following topics:creating a
mechanism that maximizes funding to leverage the affordable housing
programs;the obstacles that prevent interested homeowners from purchasing
an existing home;other City programs that assist with funding;Type A fund
assisting with the buy down on the purchase price;the definition of
affordability;payment to income components;an option that would assist 50
homeowners in down payment assistance;development of a gap analysis
(incentive)program;a breakdown on the average home values that have been
funded;options to target price ranges or income levels;capping the price of
homes;creating a maximum of sales price or down payment option; providing
a chart on income levels.There was a consensus of the Board to have staff
come back with a recommendation that includes a percentage of the sale price
to each qualified homebuyer with a cap.No action was taken on Items 5 and 6.
G. PRESENTATION ITEMS: (ITEMS 7-10)
7. Update-Small Business Assistance Programs for FY 2016
President Braselton referred to Item 7.Mike Culbertson,Corpus Christi
Regional Economic Development Corporation,stated that the purpose of this
item is to request direction on the small business assistance programs to
prepare the upcoming budget.Mr.Culbertson provided an overview of the
small business programs and said he is going to request that the internship
contracts for Del Mar College and Texas A&M University-Corpus Christi be
extended to December to be in line with the calendar year.Board members
spoke regarding the following topics:reporting measures for the internship
program; reevlauating the internship programs to include additional
expectations;and researching intern salaries.
8. Update -Communication Initiatives
President Braselton referred to Item 8.Director of Communications Kim
Womack stated that the purpose of this item is to provide an update on the
communications initiatives.Ms.Womack reported on the following outcomes
of the subcommittee meeting:including the retreat binder information on the
website;creating electronic brand signage;continue to raise public
awareness;and meeting with board members individually to request that they
contact previous grantees to encourage branding.Ms.Opel updated the Board
on her communications with Del Mar College.Board members spoke regarding
the following topics:the timeframe for the website completion;approval of the
electronic branding designs; improvements to make the website ADA
compliant;and the use of funds for promotional use.
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9. Update-Capital Programs Monthly Project Report
President Braselton referred to Item 9.Director of Capital Programs Jeff
Edmonds provided an update on the following capital programs projects:Salt
Flats Levee Project/FEMA mapping;Barge Dock Project;the Miradores Project;
and the maintenance program for Type A projects.Deputy City Manager Rose
reported that at the request of a council member,the entire City Council was
provided information on the eligibility to use Type A funds for the maintenance
of the Miradores and the total cost for annual maintenance.Board members
spoke regarding the following topics:the Miradores maintenance;the Parks
Department's supplemental budget request in their 2016 Operational Budget to
maintain the seawall;the option to have a maintenance agreement with other
entities interested in maintaining the seawall;and future updates on the City
budget process.
10. Update-Affordable Housing Programs
President Braselton referred to Item 10.Director of Housing and Community
Development Eddie Ortega provided a brief update on the affordable housing
programs.
H. EXECUTIVE DIRECTOR COMMENTS:
'April 7, 2015 Workshop
President Braselton referred to Executive Director Comments.Deputy City
Manager Rose referred to the Joint Workshop on April 7th between the Type A
Board,City Council,and EDC and stated that staff is requesting that the Type
A Board share in the cost associated with the expenditures from that meeting.
There was a consensus of the Board to present the action at the June meeting.
Ms.Rose reported that the EDC has developed proposed amendments to the
Type A guidelines and will present them at the June meeting.
I. PUBLIC COMMENT
None.
J. IDENTIFY FUTURE AGENDA ITEMS
None.
K. ADJOURNMENT
The meeting was adjourned at 6:24 p.m.
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*Regardless of the agenda heading under which any item is listed,any word or phrase of any item listed on this agenda shall be
considered a subject for consideration for purposes of the Texas Open Meetings Act and other relevant laws,and the Board of
Directors may deliberate and vote upon any such subject and resolutions related thereto.Any descriptions of property or
amounts stated in this agenda are descriptive and not restrictive,and property and amounts may be changed in the motions,
actions or documents.In addition to other items listed in this agenda,policies and procedures of this corporation,legal analysis
of any items,policies or procedures,and any items that are currently receiving funding from this corporation may be discussed
and deliberated and these matters are added as subjects of discussion to this meeting. This agenda has been reviewed and
approved by the attorney for the governing body,and the presence of any subject or description in the Executive Session portion
of this agenda constitutes a written interpretation of Chapter 551 of the Texas Local Government Code by the attorney for this
corporation indicating that said subject or description thereof may be legally discussed in a closed meeting.
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