HomeMy WebLinkAboutMinutes Corpus Christi B Corporation (Type B) - 07/18/2022 CI of Cor„us Christi 1201 Leopard Street
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1111 Meeting Minutes - Final
Corpus Christi B Corporation - Type B
Monday,July 18, 2022 1:30 PM Council Chambers
Persons with disabilities who plan to attend this meeting and who may need auxiliary
aids or services are requested to contact the City Secretary's office (at 361-826-3105) at
least 48 hours in advance so that appropriate arrangements can be made.
The mission of the Business &Jobs Development (Type A) and B Corporations is to
promote and enhance the City of Corpus Christi's economic base by supporting
projects and programs that create primary jobs, improve small business and affordable
housing opportunities, and improve infrastructure in our City.
A. President Lee Trujillo to call the meeting to order.
President Lee Trujillo called the meeting to order at 1:32 p.m.
B. Call Roll:
City Secretary Rebecca Huerta called the roll and verified that a quorum of the Board
was present to conduct the meeting.
Present 6- Board Member Scott Harris, Board Member Leah Pagan Olivarri, Secretary Diana
Summers, Vice-President Robert Tamez, President Lee Trujillo, and Board Member Alan
Wilson
Absent 1 - Board Member John Valls
C. PUBLIC COMMENT
President Trujillo referred to Public Comment. There were no comments from the public.
D. MINUTES / EXCUSE ABSENCES:
1. 22-1176 Approval of Minutes of the Type B Board June 13, 2022 Regular Meeting.
President Trujillo referred to Item 1. Mr. Wilson made a motion to approve the minutes as
presented, seconded by Mr. Tamez, and passed unanimously.
E. FINANCIAL REPORT:
2. 22-1175 Type B Financial Reports as of May 31, 2022
President Trujillo referred to Item 2. Director of Finance Heather Hurlbert presented the
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Corpus Christi B Corporation -Type Meeting Minutes-Final July 18, 2022
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financial reports as of May 31, 2022.
Board Member requested an itemized year to date expenditure report.
F. CLOSED SESSION ITEMS:
PUBLIC NOTICE is given that the Board of Directors may elect to go into closed session
at any time during the meeting in order to discuss any matters listed on the agenda,
when authorized by the provisions of the Open Meetings Act, Chapter 551 of the Texas
Government Code, and that if the Board of Directors specifically expects to go into
closed session regarding an agenda item, the section or sections of the Open Meetings
Act authorizing the closed session will be publicly announced by the presiding officer.
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.
G. AGENDA ITEMS:
3. 22-1277 Motion to Approve the Corpus Christi B Corporation's Fiscal Year 2022-2023
Operating Budget
President Trujillo referred to Item 3. Director of Management and Budget Eddie Houlihan
presented fiscal year 2022-20223 operating budget.
Mr. Houlihan presented the following budget items: Budgeted Revenue for Economic
Development; Proposed Expenses - Economic Development; Major Business Incentives;
Small Business Projects; Type B Incentives; Budgeted Overview for Economic
Development; Budgeted Revenue for Housing; Proposed Expenses for Housing;
Affordable Housing; Infill Housing Incentive Programs; Budgeted Overview for Housing;
Budgeted Revenue for Streets; Proposed Expenses for Streets; Budgeted Overview for
Streets.
Board Members, Mr. Houlihan and Interim Chief Executive Officer Mike Culbertson
discussed the following topic: whether the Small Business Projects have utilized all their
budget.
Mr. Tamez made a motion to approve item 3, seconded by Mr. Harris, and passed
unanimously.
4. 22-1126 Resolution amending and reaffirming the Corpus Christi B Corporation's
Investment Policy and Investment Strategy for the Fiscal Year 2022-2023
President Trujillo referred to Item 4. Director of Finance and Procurement Heather
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Hurlbert presented the Type B Investment Policy and Investment Strategy for fiscal year
2022-2023.
Mr. Wilson made a motion to approve item 4, seconded by Ms. Olivarri, and passed
unanimously.
H. PUBLIC HEARING:
This agenda constitutes notice of any project or type of project that is the
subject of a public hearing for purposes of section 505.160 of the Texas Local
Government Code.
I. PRESENTATION ITEMS:
J. EXECUTIVE DIRECTOR COMMENTS:
President Trujillo referred to the Executive Director comments. City Manager Peter
Zanoni thanked the board for approving the budget and stated the proposed operating
budget will be presented to City Council next week, and will be adopted in the near future.
K. ADJOURNMENT
There being no further business, President Trujillo adjourned the meeting at 1:54 p.m.
This meeting may be held via videoconference call pursuant to Texas Government Code§551.127.If this meeting is held via
videoconference call or other remote method of meeting,then a member of this governmental body presiding over this
meeting will be physically present at the location of this meeting unless this meeting is held pursuant to Texas Government
Code§551.125 due to an emergency or other public necessity pursuant to Texas Government Code§551.045.
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