HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 11/16/2015 1201 Leopard Street
Corpus Christi
Corp us Christi,TX 78401
cctexas.com
Meeting Minutes
Corpus Christi Business and Job
Development Corporation
Monday,November 16,2015 5:00 PM City Council Chambers
A. President Dr. Bryan Gulley to call the meeting to order.
President Gulley called the meeting to order at 5:04 p.m.
B. Call Roll
President Gulley verified that a quorum of the Board was present to conduct
the meeting.
(Note:Mr.Guerra arrived at 5:07 p.m.)
Present: 4- President R. Bryan Gulley,Vice-President Debbie Lindsey-Opel,Secretary
Gabriel Guerra and Bart Braselton
C. MINUTES
1. Approval of Regular Meeting of October 19, 2015.
President Gulley called for approval of the minutes.A motion was made by Ms.
Opel,seconded by Mr.Braselton and passed unanimously(Guerra-absent).
D. FINANCIAL REPORT
2. Financial Report as of September 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 the arena,seawall,and economic development funds.In
response to a board member,Ms.Sanchez said the affordable housing
revenue received from prior years will be reflected in the October report.
E. CLOSED SESSION ITEMS: (ITEM 3)
President Gulley referred to the day's executive session.The Board went into
executive session.
3. Closed session pursuant to Section 551.087 of the Texas Government
Code to discuss confidential commercial or financial information
pertaining to two businesses 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
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deliberate possible offers of financial or other incentives to said
business prospects, with no action in open session.
The E-Session Item were discussed in executive session.
F. AGENDA ITEMS: (ITEM 4)
4. Arena Marketing/Co Promotion Fund Request-CC Force Volleyball
Club/Lone Star Championship Series
Motion approving$25,000 Arena Marketing Co-Promotion Fund Request for
CC Force Volleyball Club/Lone Star Championship Series on February 20 &
21, 2016
President Gulley referred to Item 4.Donna Cannatella,SMG/American Bank
Center,stated that the purpose of this item is to approve a request for$25,000
from the Arena Marketing/Co-Promotion Fund to offset arena rental fees as an
incentive to secure the CC Force Volleyball Club/Lone Star Championship
Series.Ms.Cannatella provided information on the estimated number of
attendees,room demand and economic impact.
Mr.Braselton made a motion to approve Item 4,seconded by Ms.Opel and
passed unanimously.
G. PRESENTATION ITEMS: (ITEMS 5-6)
5. Engineering Services Update- November 2015
President Gulley referred to Item 5.Director of Engineering Services Jeff
Edmonds presented the engineering services monthly project update for the
Salt Flats Levee Project/FEMA Mapping,the Barge Dock,and McGee Beach
Renourishment and Breakwater Safety Improvements.Board members spoke
regarding the following topics:release of the FEMA mapping; FEMA
holding-off judgement for the downtown area;the barge dock improvements to
date;the estimated cost for the barge dock project;the size of the barge dock
area;the elevated walkway on McGee Beach and other amentities;completion
of the Miradores project;and continued maintenance of the Miradores,with
consideration for Type A participation with other entities to fund maintenance.
6. Engineering Services Discussion -Seawall Capital Improvement
Program
President Gulley referred to Item 6.Director of Engineering Services Jeff
Edmonds stated that the purpose of this item is to discuss the Seawall Capital
Improvement Program.Mr.Edmonds provided an overview of the seawall fund
expenditures to date and the remaining balances for each project.Deputy City
Manager Margie Rose said that during the budget process,the Board clearly
stated that they did not want to fund any projects in FY2016.There is currently
$16.2 million in the City's CIP fund.Deputy City Manager Rose presented two
(2)options to transfer the funds from the CIP fund to the Seawall Fund:Option
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1 -require the Board to pass a resolution to transfer the funds back to the
seawall fund and present to the City Council for approval;Option 2-allow the
funds to remain in the CIP and move the funds during the FY2017 budget
process.Ms.Rose stated that staff is recommending Option 2.A brief
discussion ensued regarding both options,and there was a general consensus
of the Board to support Option 2.
J. IDENTIFY FUTURE AGENDA ITEMS
President Gulley deviated from the agenda referred to Identifying Future
Agenda Items.The following item was identified:an update on affordable
housing.
H. EXECUTIVE DIRECTOR COMMENTS:
Deouty City Manager Rose stated that the next meeting is scheduled for
December 14,2015.
PUBLIC COMMENT
None.
K. ADJOURNMENT
The meeting was adjourned at 6:28 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 maybe legally discussed in a closed meeting.
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