HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 10/16/2017 City of Corpus Christi 1201 Leopard
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Corpus Christi Business and Job Development Corporation
Monday,October 18,2017 4:00 PM City Council Chambers
A. President Bart Braselton to call the meeting to order.
Vice President Randy Maldonado called the meeting to order at 4:00 p.m.
B. Call Roll and Excuse Absences
Present: 3- Vice-President Randy Maldonado,Secretary Lee Trujillo and Board Member
Scott Hams
Absent: 2- Board Member Gabriel Guerra and President Bart Brasetton
C. MINUTES
1. Approval of Minutes of the September 18, 2017 Workshop and Regular
Meeting.
Vice President Maldonado refered to approval of the minutes.Mr.Trujillo
made a motion to approve the minutes,seconded by Mr.Harris and passed
(Brasetton and Guerra-absent).
D. FINANCIAL REPORT
2. Financial Report as of August 31, 2017
Vice President Maldonado referred to Item 2.Assistant Director of Financial
Services Alma Cans presented the sales tax report;cash flow statements;the
commitment reports;the pro forma for the economic development hind;and a
detailed breakdown of expenditures.
In response to a board member,Executive Director Constance Sanchez stated
that the economic development sales tax will expire in March 2018.
F. AGENDA ITEMS:
4. Type A Agreement-CCREDC Contract
Motion authorizing and approving an Agreement between the Corpus
Christi Regional Economic Development Corporation and the Corpus
Christi Business and Job Development Corporation for management of
the Business and Job Development Incentive Program. The Agreement
runs from October 1, 2017 to September 30, 2018 and includes an
annual payment of$125,000.00.
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Vice President Maldonado deviated from the agenda and referred to Item 4.
Assistant City Manager Keith Selman stated that the purpose of this item is to
approve a funding agreement for the Corpus Christi Regional Economic
Development Corporation in the amount of$125,000.The funding for the
agreement was approved in the FY2018 Type A budget.
Mr.Harris made a motion to approve Item 4,seconded by Mr.Trujillo and
passed(Braselton and Guerra-absent).
5. Arena Marketing/Co-Promotion Fund Request-Rodeo Corpus
Christi Concert Series
Motion authorizing the expenditure of$45,000 from American Bank
Center Arena Marketing Co-Promotion Fund for Rodeo Corpus Christi
Concert Series on April 22-29, 2018.
Vice President Maldonado referred to Item 5.Darryl Meadows,Director of
Events Services-SMG/American Bank Center,stated that the purpose of this
item Is to request an expenditure of$45,000 from the Arena Marketing
Co-Promotion Fund for the Bue Days Rodeo Concert Series.Johnny Phillipello,
President&CEO of the Buccaneer Commission,provided the attendance
results from the 2017 Rodeo Concert Series and thanked the Type A Board for
considering this request.
Board members discussed the following topics:the Type A Boards Investment
of$30,000 in FY2017;the Buccaneer Commission's increased investment of
$240,000 for FY2018;and the success of the concert series.
Mr.Harris made a motion to approve Item 5,seconded by Mr.Trujillo and
passed(Braselton and Guerra-absent).
G. PRESENTATION ITEMS:
6. Affordable Housing Update-July to September 2017
Vice President Maldonado referred to Item Ii.Director of Housing and
Community Development Rudy Bentancourt presented the affordable housing
quarterly activity report from July through September 2017.
7. Engineering Services Update-October 2017
Vice President Maldonado referred to Item 7.Director of Engineering Services
Jeff Edmonds presented the Engineering Services Monthly Project Update for
the Barge Dock project;Museum Floodwall;the Salt Flats Levee Project;the
Kinney&Power Street Pump Station Improvements;and the projects located
at the Water's Edge Park.
A board member asked questions regarding the Water's Edge parking lot and
lighting improvements.
E. CLOSED SESSION ITEMS:
3. Executive Session pursuant to Texas Government Code Section 551.071
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Corpus Christi Business and Job Meeting Minutes October 16,2017
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and Texas Disciplinary Rules of Professional Conduct Rule 1.05 to
consult with attorneys concerning legal issues related to the purchase,
exchange, lease, or value of real property rights at or in the vicinity of
1424 Marguerite Street Corpus Christi Texas, and pursuant to Texas
Government Code Section 551.072 to deliberate the purchase,
exchange, lease, or value of real property at the aforementioned location
because deliberation in an open meeting would have a detrimental effect
on the position of the Corpus Christi Business& Job Development
Corporation (the Type A Corporation) in negotiations with a third person.
Vice President Maldonado deviated from the agenda and referred to the day's
execution session.The Board went into executive session at 4:15 p.m.The
Board returned from executive session at 4:35 p.m.
H. EXECUTIVE DIRECTOR COMMENTS:
Vice President Maldonado referred to Executive Director Comments.Executive
Director Constance Sanchez reported on the following topics:1)The City
Council appointed the five Type A Board members to the Type B Board on
October 10,2017.The City Council tabled the appointments for the remaining
two members to continue discussions on the board composition.2)The
meetings for November and December were changed to November 13,2017
and December 13,2017.The meetings may be cancelled at the discretion of
the Board.
PUBLIC COMMENT
None.
J. IDENTIFY FUTURE AGENDA ITEMS
None.
K. ADJOURNMENT
The meeting was adjourned at 4:37 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 resowtuns related thereto Any descriptions of
properly or amounts stated in this agenda are descriptive and not restnctive,and propeny 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 anaysis 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 ars 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 557 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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