HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 10/17/2016 ' Corpus Christi 1201 Leopard Street
Corpus Christi,Tx 78401
1 cctexas.corn
Meeting Minutes
Corpus Christi Business and Job Development Corporation
Monday,October 17,2016 4:00 PM City Council Chambers
A. President Bryan Gulley to call the meeting to order.
President Gulley called the meeting to order at 4:01 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 4:02 p.m.)
Present 4- President R. Bryan Gulley,Secretary Gabriel Guerra, Bait Braselton and
Board Member Lee Trujillo
Absent: 1 - Board Member Randy Maldonado
C. MINUTES
1. Approval of Regular Meeting of September 19, 2016.
President Gulley referred to approval of the minutes.Mr.Trujillo made a
motion to approve the minutes,seconded by Mr.Braselton and passed
unanimously.
D. FINANCIAL REPORT
2. Financial Report for the month of August 31, 2016
President Gulley referred to Item 2.Assistant Director of Financial Services
Alma Cases presented the sales tax report;cash flow statements;the
commitment reports;the pro forma for the economic development fund;and
the detail of expenditures.
E. CLOSED SESSION ITEMS: (NONE)
F. AGENDA ITEMS:(NONE)
G. PRESENTATION ITEMS: (ITEMS 3-6)
3. Affordable Housing -Peterson Development Company Proposal
Corpus Christi Page 1 Printed on 11/10/2016
INDEXED
Corpus Christi Business and Job Meeting Minutes October 17,2016
Development Corporation
President Gulley referred to Item 3.Mr.Braselton stated that he would be
abstaining from the discussion on this item.Reagan Brown,President of
Peterson Development Company stated that the purpose of this item is to
present a proposal to request a grant for affordable housing neighborhood lot
construction in the amount of$450,000.The land is located on Westpoint Road
between Brownsville Road and Greenwood Drive.The initial phase would
include approximately 8 acres,yielding approximately 40 lots.Mr.Brown
presented cost information and the sources to cover costs including:a loan
from the Community Development Corporation(CDC);the potential Type A
Board grant;and sanitary sewer trust fund reimbursement.Mr.Peterson stated
that the request is to reserve the funds for nine months,to build approximately
40 lots not to exceed$17,500 for affordable homes constructed at less than
$160,000.
Board members spoke regarding the following topics:the shortage of
affordable housing in Corpus Christi;the target price for affordable housing;
whether the project meets the U.S.Department of Housing and Urban
Development's guidelines for affordable housing;the current Type A
guidelines;the demand for new affordable housing;the biggest challenges
associated with affordable housing;whether Peterson Development Company
is discounting the price of the land;creating a synergy for future affordable
housing;the number of lots per acre;the definition of affordable housing;
establishing a clawback provision on the grant if the price of$17,500 was
exceeded;the property tax that would be generated with this project;and
consideration to fund$9,000 per lot for a total of$360,000 to leverage the funds.
There was a consensus of the Board to place this item on a future agenda for
action.
4. Affordable Housing Update-July to September 2016
President Gulley referred to Item 4.Director of Housing and Community
Development Rudy Bentancourt presented the affordable housing quarterly
report for July through September 2016 and information on the Energy Efficient
Mortgage(EEM)Program and Mortgage Credit Certificate(MCC)Program.
Board members discussed the following topics:an explanation of the EEM and
MCC Programs;the EEM program providing energy efficient components to
homes;and the total employee costs for the third quarter.
5. Economic Development-Discussion on Internship Program
Discussion regarding the current internship program and possible
changes to the program and/or additional job training programs.
President Gulley referred to Item 5.Mike Culbertson,Corpus Christi Regional
Economic Development Corporation(EDC),stated that the purpose of this item
is to discuss the current internship program and possible changes to support
job skills identified by the Type A Board.Leonora Keys,Del Mar College,
assisted in the presentation.Mr.Culbertson presented the following:the
current Type A guidelines regarding small business support;the history of
Texas A&M University-Corpus Christi and Del Mar's Internship programs;
Section 8 of the Type A guidelines for education/skills development;and the
proposed internship addition to the guidelines.The Board would need to
amend the guidelines in Section 8 by adding the interns to education/skills
Corpus Christi Page 2 Printed on 11/10/2016
Corpus Christi Business and Job Meeting Minutes October 17,2016
Development Corporation
development to include the following requirements:for capital only,grant
match in cash,not in-kind;and include a bullet for interns.
Board members discussed the following topics:whether there is a need for the
internship program;and targeting the internship program to education/skills
development and demand jobs.
6. Engineering Services Update-October 2016
President Gulley referred to Item 6.Director of Engineering Services Jeff
Edmonds presented the Engineering Services monthly project update.
Board members spoke regarding the following topics:the Request for
Qualifications(RFQ)for the design of the McGee Beach Breakwater Safety;the
funding set aside by the City for Bayshore Park;the boat basin dredging;and
the Barge Dock funding.
PUBLIC COMMENT
None.
J. IDENTIFY FUTURE AGENDA ITEMS
President Gulley referred to Future Agenda Items.The following items were
identified:an action item for Peterson Development Company Proposal;
information on the current available affordable housing lots for sale and price
ranges;a Miradores update;the internship proposals and agreements;and the
agreement with PTAC.
Mr.Braselton spoke regarding the improvements to the Miradores.
H. EXECUTIVE DIRECTOR COMMENTS:
Executive Director Constance Sanchez received a consensus of the Board to
move the regular meeting to November 14,2016.
K. ADJOURNMENT
The meeting was adjourned at 5:16 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
properly 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 3 Printed on 11/10/2016