HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 05/21/2018 & 3.r% City of Corpus Christi 1201 Leopard Street
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Meeting Minutes
Corpus Christi Business and Job Development Corporation
Monday,May 21,2018 4:30 PM City Council Chambers
A. President Bart Braselton to call the meeting to order.
President Bart Braselton called the meeting to order at 4:35 p.m.
President Bart Braselton recessed the meeting at 4:35 p.m.
MEETING RECONVENED
President Bart Braselton reconvened the meeting at 4:51 p.m.
B. Call Roll and Excuse Absences
Assistant Secretary Rebecca L.Huerta called the roll and verified that a
quorum of the Board was present to conduct the meeting.
Board Member Guerra made a motion to excuse the absences of Board
Members Maldonado Trujillo from the previous meeting,seconded by Board
Member Harris,and passed unanimously.
Present: 5- Board Member Gabriel Guerra, President Bart Braselton,Vice-President
Randy Maldonado,Secretary Lee Trujillo and Board Member Scott Harris
C. MINUTES
1 Approval of Minutes of the April 16, 2018 Regular Meeting
President Braselton referred to approval of the minutes.Board Member
Maldonado made a motion to approve the minutes,seconded by Board
Member Harris and passed unanimously.
D. FINANCIAL REPORT
2. Financial Reports as of March 31, 2018
President Braselton referred to the Financial Report.Assistant Director of
Financial Services,Alma Casas,presented the Financial Report as of March 31, •
2018.The Board and Ms.Casas discussed the following:small business projects
that were de-obligated being reflected; new commitments that will be
reflected in next month's report.
E. CLOSED SESSION ITEMS: (NONEI
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F. AGENDA ITEMS: (3.6(
3. Arena Marketing/Co-Promotion Fund Request-Rodeo Corpus
Christi
Motion authorizing the expenditure of$110,000 from American Bank
Center Arena Marketing Co-Promotion Fund for the continued expansion
and growth opportunities of Rodeo Corpus Christi for fiscal years 2019
and 2020.
President Braselton referred to hem 3.Matt Blasey,American Bank Center,
presented the Arena Marketing/Co-Promotion Fund Request-Rodeo Corpus
Christi.The Board and Mr.Blasey discussed the following:comparative
revenue from the last two years in relation to sales tax generated.
Board Member Harris made a motion to pass the motion,seconded by Board
Member Trujillo,passed unanimously(Board Member Guerra-absent).
4. De-Obligate funds from M&G Resins USA LLC
Motion to de-obligate the $3,000,000 for the expired agreement between
the Corporation and M&G Resins USA LLC and return the funds to the
unreserved fund balance of the Business and Job Development Fund
1140
President Braselton referred to Item 4.Mike Culbertson,Corpus Christi
Regional Economic Development Corporation,stated that the purpose of the
item was to de-obligate funds from MSG Resins USA LLC.
Board Member Harris made a motion to pass the motion,seconded by Board
Member Trujillo,passed unanimously(Board Member Guerra-absent).
5. Type A Board Discussion with Possible Action Regarding Rules of
Procedure and Amendment of Meeting Time
Motion to amend Rules of Procedure to reflect a change previously
enacted to move meeting time from 3:00 PM to 4:30 PM.
President Braselton referred to Item S.Assistant City Attorney,Aimee
Alcorn-Reed presented the Type A Board rules of procedure and a change of
meeting time.Ms.Alcorn-Reed and the Board discussed the requirements for
the time of the meeting.
Board Member Trujillo made a motion to approve the motion,seconded by
Board Member Harris,passed unanimously(Board Member Guerra-absent).
6. Seawall Capital Improvement Program (CIP)Budget
Motion approving the Fiscal Year 2018-2019 Seawall Capital
Improvement Program (CIP)budget and recommending that City Council
approve said CIP budget.
President Braselton referred to kern 6.Jeff Edmonds,Director of Engineering
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Services presented the Seawall Capital Improvement Program(CIP)Budget.
The Board went Into Executive session at 5:21 p.m.The Board returned from
Executive session at 5:45 p.m.
Board Member Harris made a motion to pass the motion,seconded by Board
Member Maldonado,passed unanimously(Board Member Guerra-absent).
G. PRESENTATION ITEMS: (7-91
7. Engineering Services Monthly Update -May 2018
President Braselton referred to Item 7.Jeff Edmonds,Director of Engineering
Services,presented the Engineering Services Monthly Update.There were no
questions from the Board.
8. Mirador Maintenance Quarterly Update -1st QTR 2018
President Brasleton referred to Item 8.Jay Ellington,Director of Parks and
Recreation,presented the Mirador Maintenance Quarterly Update.There were
no questions from the Board.
9. FY19 Proposed Type A Budget Presentation
President Braselton referred to Item 9.Eddie Houlihan,Director of
Management and Budget,presented the FY 19 Proposed Type A Budget
Presentation.The Board and Mr.Houlihan discussed the following:the
American Bank Center loading dock expansion and previous problems/repairs;
renovation Impact on revenue generated and changes that are being
proposed;addition of audio/video components to the concourse area;a
secured entrance for the loading dock;and Insurance for the ballpark stadium
included In the budget.
H. EXECUTIVE DIRECTOR COMMENTS:
President Braselton referred to Executive Director comments.Executive
Director,Constance Sanchez,had no comments.
PUBLIC COMMENT
President Braselton referred to Public Comment.There were no comments
from the public.
J. IDENTIFY FUTURE AGENDA ITEMS
President Braselton referred to Identify Future Agenda Items.Executive
Director Constance Sanchez introduced the following future agenda items:
scope of work being proposed by the American Bank Center for the loading
dock/wall;FY 19 budget approval;resolution to repair the Watergarden;
Watergarden pump station contract;Communications plan proposal.
K. ADJOURNMENT
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The meeting was adjourned at 6:10 p.m.
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