HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 08/17/2015 Corpus Christi 1201 Leopard Street
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Corpus Christi Business and Job
Development Corporation
Monday,August 17,2015 4:00 PM City Council Chambers
A. President Bart Braselton to call the meeting to order.
President Braselton called the meeting to order at 4:07 p.m.
B. Call Roll
President Braselton verified that a quorum of the Board was present to
conduct the meeting.
Present: 4- Bart Braselton, Gabriel Guerra, R. Bryan Gulley and Debbie Lindsey-Opel
Absent: 1 - Chris Hamilton
C. MINUTES
1. Approval of Regular Meeting of July 20, 2015.
President Braselton referred to approval of the minutes.Mr.Guerra requested
that Item 4,Homebuyer Assistance Program Funding Guidelines,include a
note that the previous incentive level of$20,000 was amended to$10,000.Ms.
Opel made a motion to approve the minutes as amended,seconded by Mr.
Guerra and passed unanimously(Hamilton was absent).The Minutes were
approved as amended.
G. PRESENTATION ITEMS: (ITEMS 11-12)
11. Update -Type A Sales Tax Video
President Braselton deviated from the agenda and referred to Item 11.Dr.Mark
Escamilla,President of Del Mar College,presented a promotion video
reflecting how the resources granted by the Type A Board for four(4)projects
have impacted Del Mar College.Dr.Escamilla stated that he hopes the video
promotes the Type A Board's efforts and provides future support when the
economic development proposition comes before the voters at the election in
2016.Mr.Guerra requested permission to use the video to help educate the
community on the Type A economic development funds.
12. Update-Capital Programs Monthly Project Report
President Braselton deviated from the agenda and referred to Item 12.Director
of Capital Programs Jeff Edmonds provided the capital progrma monthly
project report for the Sal Flats Levee Project/FMEA Mapping,the Miradors
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Project,and the McGee Beach Project.Board members spoke regarding the
following topics:a breakdown of the$7.7 million currently appropriated for the
seawall;the allocation for the Barge Dock;and McGee Beach.
E. CLOSED SESSION ITEMS: (NONE)
F. AGENDA ITEMS: (ITEM 3)
3. Corporation Officer Election for 2015-16 Term
President Braselton deviated from the agenda and referred to Item 3.City
Secretary Rebecca Huerta stated that the purpose of this item is to provide
nominations for three(3)corporation officers positions: President,Vice
President and Secretary.
Mr.Braselton made a motion to nominate Dr.Gulley for President,seconded
by Ms.Opel and passed unanimously(Hamilton was absent).Dr.Gulley made a
motion to nominate Ms.Opel as Vice President,seconded by Mr.Guerra and
passed unanimously(Hamilton was absent).Dr.Gulley made a motion to
nominate Mr.Guerra as Secretary,seconded by Mr.Braselton and passed
unanimously(Hamilton was absent).
F. AGENDA ITEMS: (ITEMS 3-10)
4. Proposed Fiscal Year 2016 Operating Budget
Discussion with possible action regarding the Corporation's Fiscal Year
2015-2016 operating budget for the Seawall Fund#1120, the Seawall
Debt Service Fund#1121, the Arena Facility Fund#1130, the Arena
Facility Debt Service Fund#1131, the Business/Job Development
Fund#1140, and the Baseball Stadium Debt Service Fund#1141.
President Gulley referred to Item 4.Deputy City Manager Rose stated that
during the last meeting,the Board approved the budget to present to the City
Council and staff stated that they would bring back the budget item to present
the details on the budget as requested.Ms.Rose provided information on the
following:the seawall operating budget,the reconciliation of FY2015 Seawall
Capital Improvement budget;the seawall debt service;the arena facility funds
and debt service;the business and job development operating funds and debt
service;a breakdown of the business and job development fund projects
budgeted;the costs associated with the administrative fee;and a breakdown
of administrative fees based on FY2015 full plan cost provided by MGT
America.
Board members spoke regarding the following topics:arena maintenance and
capital improvements;the debt for the baseball stadium;the funding for
Habitat for Humanity;expected funding for the small business projects;the full
cost for administrative fees;and whether there are other revenue generating
funds that pay for administrative fees.
Mr.Braselton made a motion to amend Item 4 to add 50%of the total
recommended administrative fees provided by MGT America,in the amount of
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$86,270.50,and distribute to the departments as outlined in Attachment G,
seconded by Mr.Guerra and passed unanimously(Hamilton was absent).
I. PUBLIC COMMENT
President Gulley deviated from the agenda and referred to comments from the
public.Paul Schexnailder,Upper Padre Partners,provided information on the
status of the Schlitterbahn Waterpark,the definition of completion of the
waterpark,and the required certificate of occupancy.Mr.Schexnailder
requested that the Board release the remaining$2.5 million committed for the
Schlitterbahn Waterpark.
PRESENTATION ITEMS: (ITEM 13)
13. Update-Type A Projects
President Gulley deviated from the agenda and referred to Item 13.Mike
Culbertson,Corpus Christi Regional Economic Development Corporation,
provided an update on the compliance report for the Schlitterbahn project.
Board members spoke regarding the following topics:the performance
requirements;the certificate of occupancy;completion of the infrastructure;an
update on the original agreement;and the deadline for Type A funding.
D. FINANCIAL REPORT
2. Financial Report as of June 30, 2015.
President Gulley referred to Item 2.Director of Financial Services Constance
Sanchez presented the sales tax report;cash flow statements;the commitment
reports;the pro forma for the economic development fund;and the
since-inception reports for all three funds.
Board members spoke regarding the following topics:the transfer to seawall
CIP and the commitments for small business.
AGENDA ITEMS: (ITEMS 4 - 10)
5. Adopting Revisions to the Type A Guidelines Adopted in 2010
Motion to approve the revisions of the Type A Guidelines adopted in
2010.
President Gulley referred to Item 5.lain Vasey,President/CEO of the Corpus
Christi Regional Economic Development Corporation,stated that staff
provided an overview of the guidelines at the last meeting.Mr.Vasey reported
that after meeting with council members,there were two areas in the
guidelines that warrant further discussion: page 5,Section 2.Mission&Goals
(d)and page 11,Section 11.Approval(c).
Board members spoke regarding the following topics:concern that any project
may have an exceptional circumstance;best practices;the Board's ability to
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waive any guideline or criteria;clarification on non-action by the City Council
is deemed as denial of the application within six months and substantial
change or termination of an application.
Mr.Guerra made a motion to amend the guidelines by deleting the language in
Section 2(d)"but may amend budget allocation for exceptional circumstances
of projects",seconded by Mr.Braselton and passed unanimously(Hamilton
and Opel were absent).
Mr.Braselton made a motion to amend the guidelines in Section 11(c)to
accept the strikeout version as follows:"Non-action by the City Council is
deemed as denial of the application within six months of Corporation approval,
and any encumbered funds shall be thus deemed to be unencumbered in such
a case of Non-action(deemed as denial after six months),an applicant would
be required to begin the application process from the start.",seconded by Mr.
Guerra and passed unanimously(Hamilton and Opel were absent).
Mr.Guerra made a motion to refer the recommend guidelines to the City
Council for approval,seconded by Mr.Braselton and passed uanimously
(Hamilton and Opel were absent).
4. Proposed Fiscal Year 2016 Operating Budget
Discussion with possible action regarding the Corporation's Fiscal Year
2015-2016 operating budget for the Seawall Fund #1120, the Seawall
Debt Service Fund #1121, the Arena Facility Fund #1130, the Arena
Facility Debt Service Fund#1131, the Business/Job Development
Fund#1140, and the Baseball Stadium Debt Service Fund#1141.
Deputy City Manager Rose requested that the Board return to Item 4 to approve
the budget as amended.Mr.Brasleton made a motion to approve the budget as
amended and refer to the City Council,seconded by Mr.Guerra and passed
unanimously(Hamilton and Opel were absent).
6. Confirming $15,000 Expenditure from American Bank Center
Arena Marketing Co-Promotion Fund
Motion confirming $15,000 expenditure from American Bank Center
Arena Marketing Co-Promotion Fund for Gabriel Iglesias event on April
12, 2015.
President Gulley referred to Item 6.Jim Salamenta,General Manager-SMG
American Bank Center,stated that Items 6-10 are related to expenditures from
the American Bank Center Arena Marketing Co-Promotion Fund.
Mr.Braselton made a motion to approve Items 6-10,seconded by Mr.Guerra
and passed uanimously(Hamilton and Opel were absent).
7. Confirming $30,000 Expenditure from American Bank Center
Arena Marketing Co-Promotion Fund
Motion confirming $30,000 expenditure from American Bank Center
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Arena Marketing Co-Promotion Fund for Life in Color concert on
August 15, 2015.
This item was discussed in Item 6.The Motion was passed.
8. Confirming $25,000 Expenditure from American Bank Center
Arena Marketing Co-Promotion Fund
Motion confirming $25,000 expenditure from American Bank Center
Arena Marketing Co-Promotion Fund for Jason Aldean concert on May
14, 2015.
This item was discussed in Item 6.The Motion was passed.
9. Authorizing $30,000 Expenditure from American Bank Center
Arena Marketing Co-Promotion Fund
Motion authorizing the expenditure of$30,000 from American Bank
Center Arena Marketing Co-Promotion Fund for Corpus Christi
Bikefest concert on October 10, 2015.
This item was discussed in Item 6.The Motion was passed.
10. Authorizing $10,000 Expenditure from American Bank Center
Arena Marketing Co-Promotion Fund
Motion authorizing the expenditure of$10,000 from American Bank
Center Arena Marketing Co-Promotion Fund for Premier Boxing
Champions Event on September 6, 2015.
This item was discussed in Item 6.The Motion was passed.
H. EXECUTIVE DIRECTOR COMMENTS:
None.
J. IDENTIFY FUTURE AGENDA ITEMS
President Gulley referred to Future Agenda Items.The following items were
identified as future agenda items:an update and review of the Schlitterbahn
Waterpark project contract;the agreement with Housing and Community
Development to administer affordable housing funds and the ability to have a
Request for Propsal for these funds;and having Board members divide up and
concentrate on various Type A projects.
K. ADJOURNMENT
The meeting was adjourned at 5:58 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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