Loading...
HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 06/15/2015 Cor us Christi 1201 Leopard Street /ICY p Corpus Christi,TX 78401 €ir cctexas.com \. � � Meeting Minutes Corpus Christi Business and Job Development Corporation Monday,June 15,2015 4:00 PM City Council Chambers A. President Bart Braselton to call the meeting to order. President Braselton called the meeting to order at 4:08 p.m. B. Call Roll President Braselton verified that a quorum of the Board was present to conduct the meeting. (Note:Ms.Opel arrived at 4:15 p.m.) Present: 4- Bart Braselton, Gabriel Guerra, Chris Hamilton and Debbie Lindsey-Opel Absent: 1 - R. Bryan Gulley C. MINUTES 1. Approval of Regular Meeting of May 18, 2015. President Braselton called for approval of the minutes.Mr.Guerra made a motion to approve the minutes,seconded by Mr.Hamilton and passed unanimously. D. FINANCIAL REPORT 2. Financial Report as of April 30, 2015. President Braselton referred to Item 2.Director of Financial Services Constance Sanchez presented the sales tax report for April;cash flow statements;the commitment reports;and the pro forma report for the economic development fund.Board members spoke regarding the following topics:a policy for how long affordable housing projects can be committed unpaid;the CC Cold Storage LLC performance contract;and the status of the Solid Rock Commercial Properties Ltd.project. 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 North Padre Waterpark Holdings Ltd. that the Corporation seeks to have locate, stay or expand within the City limits and with Corpus Christi Page 1 Printed on 7/16/2015 INDEXED Corpus Christi Business and Job Meeting Minutes June 15,2015 Development Corporation 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. Present Braselton referred to Item 3,the executive session item.The Board went into executive session.The Board returned from executive session. Assistant City Manager Wes Pierson stated that the purpose of the item is to extend the term of the business incentive agreement with North Padre Waterpark Holdings Ltd.to September 30,2015.Ms.Opel made a motion to approve the first amendment to the agreement with North Padre Waterpark Holdings Ltd.,extending the term of the agreement until September 30,2015, seconded by Mr.Guerra and passed unanimously, PUBLIC COMMENT President Braselton deviated from the agenda and referred to comments from the public.Caren Colmery Childers,Warren Andrich,and Brooke LaClair spoke on the following issues related to Item 6,the proposed Homebuyer Assistance Program Funding Guidelines:the use of funds for down payment assistance and closing costs;the affect on lower income residents;limiting the sales price;a gap analysis;and the maximum price for the purchase of a home.Mr. Andrich said the Joint Task Force between the Association of Realtors and the Builders'Association would like to offer their assistance to staff to help develop a plan for homebuyer assistance. F. AGENDA ITEMS: (ITEMS 4-61 4. Funding Joint City Council/Type A Board Workshop Motion to approve$2,730.84 from Economic Development Fund-Org 1140-15030 to reimburse the City for the Board's portion of the April 7, 2015 joint workshop expenses. President Braselton referred to Item 4.Deputy City Manager Margie Rose stated that the purpose of this item is to request that the Type A Board pay half of the costs incurred for the April 7,2015 Joint City Council/Type A Board Workshop.Mr.Hamilton made a motion to approve Item 4,seconded by Ms. Opel and passed unanimously. 5. Approving Master Service Agreement for Salt Flat Levee Certification, Phase 2 Motion authorizing the City Manager or designee to execute a Professional Services Agreement with HDR Engineering, Inc. of Corpus Christi, Texas in an amount not to exceed $650,000 for the Salt Flats Levee Certification, Phase 2 Master Service Agreement. President Braselton referred to Item 5.Director of Capital Programs Jeff Edmonds stated that the purpose of this item is to approve a Master Service Agreement with HDR Engineering Inc.for the Salt Flats Levee Certification, Phase 2. Mr.Edmonds provided a brief overview of the levee system,the Corpus Christi Page 2 Printed on 7/16/2015 Corpus Christi Business and Job Meeting Minutes June 15,2015 Development Corporation analysis of the existing flood protection system and the design improvements to correct deficiencies.Mr.Edmonds said this contract will allow staff to peer review work performed by FEMA and challenge their work to minimize further elevations.Board members spoke regarding the following topics:the selection of HDR Engineering;how charges will be analyzed and evaluated;updates during the process;and the importance of the seawall levee.Ms.Opel made a motion to approve Item 5,seconded by Mr.Guerra and passed unanimously. 6. Homebuyer Assistance Program Funding Guidelines Discussion and possible action to propose Homebuyer Assistance Program Funding Guidelines. President Braselton referred to Item 6.Director of Neighborhood Services Eddie Ortega stated that the purpose of this item is discuss the proposed amendment to the Homebuyer Assistance Program Fund Guidelines.Mr. Ortega stated that the Board provided direction to staff at the May 18th meeting to amend the funding policies for the homebuyer assistance program to reduce the amount of funding a homebuyer currently receives and assist as many qualified homebuyers as possible.Mr.Ortega provided the recommended amendments for consideration.Board members spoke regarding the following topics:the current average purchase price;ways to leverage funds for additional affordable housing;use of Type A funds in conjunction with HOME funds;the general allotment of HOME funds; extending the maximum price for the purchase of an affordable home;a funding mechanism that includes a gap analysis;what is done in other communities;the number of applicants that have been turned away;and requesting that staff meet with the Joint Task Force.Mr.Hamilton made a motion to table Item 6 to July 20,2015,seconded by Ms.Opel and passed unanimously. G. PRESENTATION ITEMS: (ITEMS 7-9) 7. Update-Communication Initiatives President Braselton referred to Item 7.Director of Communication Kim Womack stated that the purpose of this item is to provide an update on the communication initiatives.Ms.Womack provided information on the costs associated with billboards,billboard designs,and the Type A website. Discussion topics included: use of City controlled assets for advertisement; the various communication tools;the price for magnetic signage;and the timeframe for the website. 8. Update -Capital Programs Monthly Project Report President Braselton referred to Item 8.Director of Capital Programs Jeff Edmonds provided the monthly update on the capital projects for the Miradores and McGee Beach projects.Board members spoke regarding the following topics:a launch promoting the Miradores project;the contract for McGee Beach;and the funding for regular maintenance of the Miradores. 9. Update-Type A Projects Corpus Christi Page 3 Printed on 7/16/2015 Corpus Christi Business and Job Meeting Minutes June 15,2015 Development Corporation President Braselton referred to Item 9.Mike Culbertson,Corpus Christi Regional Economic Development Corporation,provided the monthly update on the small business support programs and large business incentives. H. EXECUTIVE DIRECTOR COMMENTS: (ITEM 101 10. Questions/Discussion Items -April 7, 2015 Workshop Deputy City Manager Margie Rose referred to a list of questions and discussion items that staff has received from board members since the April 7, 2015 Joint Workshop.Staff provided responses to the various questions as follows:the contract for funding affordable housing projects;entering into agreements with the Housing and Community Development department of other similar agencies;use of Type A funds to leverage or pay the interest on bonds or loans; responses from the legal attorney to board members;and board representation when advancing a Type A project. • Discussion regarding a Special Meeting. Deputy City Manager Rose said a Special Meeting may be held to discuss the Type A guidelines with the Economic Development Corporation. J. IDENTIFY FUTURE AGENDA ITEMS None. K. ADJOURNMENT The meeting was adjourned at 5:55 p.m. 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. Corpus Christi Page 4 Printed on 7/16/2015