HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 03/19/2018 Vic+ City of Corpus Christi 1201 Leopard Street
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Meeting Minutes
Corpus Christi Business and Job Development Corporation
Monday, March 19, 2018 4:30 PM City Council Chambers
A. President Bart Braselton to call the meeting to order.
Vice President Maldonado called the meeting to order at 4:31 p.m.
B. Call Roll and Excuse Absences
City Secretary Rebecca L. Huerta called the roll and verified that a gourum of
the Board was present to conduct the meeting.
(Mr.Guerra arrived at 4:34 p.m.)
Present: 4- Board Member Gabriel Guerra,Vice-President Randy Maldonado. Secretary
Lee Trujillo and Board Member Scott Harris
Absent: 1 - President Bart Braselton
C. MINUTES
1. Approval of Minutes of the February 19, 2018 Regular Meeting
Vice President Maldonado called for approval of the minutes. Mr. Harris made
a motion to approve the minutes,seconded by Mr.Trujillo and passed
unanimously(Braselton and Guerra-absent).
D. FINANCIAL REPORT
2. Financial Reports as of January 31, 2018
Vice President Maldonado referred to Item 2.Assistant Director of Financial
Services Alma Casas presented the sales tax report;cash flow statements;the
commitment reports;the pro forma for the economic development fund;and a
detailed breakdown of expenditures.
G. PRESENTATION ITEM (4):
4. Engineering Services Monthly Update - March 2018
Vice President Maldonado deviated from the agenda and referred to Item 4.
Director of Engineering Services Jeff Edmonds provided the capital
improvement program(CIP)schedule and current CIP budget in preparation
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for the CIP planning process. Mr. Edmonds presented the monthly Engineering
Services projects update.
Board members and staff discussed the following topics:the reasons expressed
by the City Council for tabling the approval of the Corpus Christi Museum of
Science and History Floodwall (Museum Floodwall) project;the connection
between the Museum Floodwall project and the future inner harbor projects,
including the deepening of the Ship Channel and the new Harbor Bridge;the
cost of the Museum Floodwall project; if improvements are not made to the
Museum Floodwall to protect the entire flood protection system, are there
potential penalties; FEMA mapping and base flood elevation; the workshop
scheduled for April 16,2018 to address the CIP budget; and consideration to
have council participation during discussions with the Port of Corpus Christi
related to the Museum Floodwall.
E. CLOSED SESSION ITEMO (3-3):
Vice President Maldonado referred to the day's executive session. The Board
went into executive session at 5:04 p.m. The Board returned from executive
session at 5:18 p.m.
3. Executive Session pursuant to Texas Government Code § 551.071
and Texas Disciplinary Rules of Professional Conduct Rule 1.05 to
consult with attorneys concerning legal issues related to economic
development agreement(s) involving International Consulting Engineers
and/or other entities desiring to engage in commercial development at or
in the vicinity of Saratoga Boulevard, Old Brownsville Road, the
intersection thereof, or blocks adjacent to the listed streets and/or
intersection; and pursuant to Texas Government Code § 551.087 to
discuss or deliberate regarding commercial or financial information
relating to some or all of the aforementioned matter(s) or entities 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/or financial or other incentives involving said business
prospect, and possible action related to the aforementioned matters in
open session.
Vice President Maldonado referred to Item 3. Mike Culbertson, Corpus Christi
Regional Economic Development Corporation,stated that International
Consulting engineering(ICE)is requesting a Type A fund grant in the amount
of$125,000. ICE plans to expand their current business by investing $1.4 million
in a new development at 261 Saratoga Boulevard and creating 25 full-time
positions with an average annual salary of$50,000. Mr. Culbertson presented
information on the project's economic impact and return-on-investment.
Board members spoke regarding the following topics: if the project meets the
guidelines for receiving an incentive; and the total amount being invested on
the building.
Mr. Guerra made a motion approving a business incentive agreement with
Jimenez Consulting Engineers, LLC, dba International Consulting Engineers, in
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an amount not to exceed $125,000 over five years contingent upon a new
development at 261 Saratoga Boulevard and the creation of 25 new full-time
jobs; appropriating $125,000 from the Unreserved Fund Balance in the Fund
1140 Economic Development Fund and amending the FY2018 Operating
Budget,seconded by Mr. Trujillo and passed unanimously(Braselton -absent).
F. AGENDA ITEMS:
G. PRESENTATION ITEM (5):
5. Bi-Annual Update on Baseball Stadium With Possible Discussion of
Future Insurance Payments
Vice President Braselton referred to Item 5.Assistant City Manager Keith
Selman presented an update on the maintenance at Whataburger Field
including:scheduled annual maintenance functions; replacing and/or
upgrading of aging stadium components; and unplanned maintenance
projects.
Following Assistant City Manager Selman's presentation,the following topics
were discussed:the total projected maintenance costs for Whataburger Field
and a board member requested to receive a detailed maintenance report from
SMG regarding the arena.
Mr. Harris made a motion to recess the Type A Board meeting to hold a
meeting of the Corpus Christi B Corporation (Type B),seconded by Mr. Trujillo
and passed unanimously(Braselton -absent). The meeting was recessed at
5:31 p.m.
Vice President Maldonado reconvened the Type A Board meeting at 6:23 p.m.
Assistant City Manager Keith Selman stated that staff is recommending that the
Type A Board continue paying the insurance of the baseball stadium per the
agreement and an action item will be presented at the next meeting.
H. EXECUTIVE DIRECTOR COMMENTS:
None.
I. PUBLIC COMMENT
None.
J. IDENTIFY FUTURE AGENDA ITEMS
Vice President Maldonado referred to Identify Future Agenda Items. The
following items were identified:the quarterly report for affordable housing;
discussion on a LandBank;the quarterly report for economic development; a
request for funding from SMG regarding Buc Days; a discussion regarding a
transfer from the arena fund to the visitors facility fund; a discussion on the
homebuyers assistance program; a presentation from the Communications
Department regarding Type A funding; and the baseball stadium insurance.
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K. ADJOURNMENT
The meeting was adjourned at 6:25 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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