HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 06/15/2015 Cor us Christi 1201 Leopard Street
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\. � � 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
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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
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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
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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.
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