HomeMy WebLinkAboutMinutes Corpus Christi B Corporation (Type B) - 01/09/2023City of Corpus Christi
Meeting Minutes - Final
Corpus Christi B Corporation - Type B
1201 Leopard Street
Corpus Christi, TX 78401
cctexas.com
Monday, January 9, 2023
1:45 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 Leah Pagan Olivarri to call the meeting to order.
President Leah Olivarri called the meeting to order at 1:54 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 4 - Board Member Scott Harris, President Leah Pagan Olivarri, Secretary Diana Summers,
and Board Member Robert Tamez
Absent 3 - Board Member John Valls, Vice -President Alan Wilson, and Board Member Jesus
Jimenez
C. PUBLIC COMMENT:
President Olivarri referred to Public Comment. There were no comments from the public.
D. MINUTES / EXCUSE ABSENCES
1. 22-2108 Approval of Minutes of the Type B Board November 14, 2022, Regular Meeting.
President Olivarri referred to Item 1. Mr. Tamez made a motion to approve the minutes
as presented, seconded by Ms. Summers, and passed unanimously.
E. FINANCIAL REPORT
2. 23-0103 Type B Financial Reports as of November 30, 2022
President Olivarri referred to Item 2. Director of Finance Heather Hurlbert presented the
City of Corpus Christi
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Corpus Christi B Corporation - Type
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Meeting Minutes - Final January 9, 2023
financial reports as of November 30, 2022.
F. EXECUTIVE SESSION ITEMS:
G. AGENDA ITEMS:
3. 23-0073 Motion authorizing an amended Small Business Incentive Agreement between
the Corpus Christi B Corporation and LiftFund, Inc. for the loan buy down
program from October 1, 2022 through September 30, 2023.
President Olivarri referred to Item 3. Interim Chief Executive Officer of the Corpus Christi
Regional Economic Development Corporation Mike Culbertson said the purpose of this
item is to approve an amended Small Business Incentive Agreement between the Type B
i,orporation and LiftFund Inc., for the loan buy down program. The agreement was
approved on November 14, 2022, however, since then LiftFund has asked for
modifications to the agreement. Mr. Culbertson presented the changes and is asking for
approval by the board.
Board Members, Mr. Culbertson and LiftFund Marketing Manager Laura Estrada
discussed the following topic: whether applicants need a notarized referral from a bank
stating they could not help the applicant.
Mr. Tamez made a motion to approve item 3, seconded by Mr. Harris, and passed
unanimously.
H. PUBLIC HEARING: NONE
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:
4. 23-0092 Type B - Corpus Christi Regional Economic Development Corporation
(CCREDC) Quarterly Update
President Olivarri referred to Item 4. Interim Chief Executive Officer of the Corpus Christi
Regional Economic Development Corporation Mike Culbertson presented the Corpus
Christi Regional Economic Development Corporation quarterly report.
Mr. Culbertson presented updates on the following programs: Botanical Gardens; Del
Mar College Process Technology II; Next Sports Company; International Consulting
Engineer (ICE); Texas A&M University Industrial and Civil Engineering; Texas A&M
University - Lone Star UAS Center; LaVista Pointe (Type B grant); Lift Fund Interest
Buy -Down Program; Service Corps of Retired Executives (SCORE); Del Mar College
Intern; Texas A&M University (TAMU-CC) Intern; Del Mar College Procurement Technical
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Meeting Minutes - Final January 9, 2023
Assistance Center (PTAC); Del Mar College Contract Resource Center and Del Mar
College Small Business Development Center.
Board Members and Mr. Culbertson discussed the following topics: estimated time
frame for the permits for Next Sport Company and whether funding is complete; funding
for the small businesses that was not used will go back to the fund balance; La Vista
Pointe is complete and paid; whether there has been a decrease in permanent positions
for the internship programs; and a board member requested a quarterly report on the
progress of the Texas A&M new Marketing Director position.
5. 23-0088 Discussion of Type B Economic Development Guidelines
President Olivarri referred to Item 3. Ms. Olivarri stated this item is to receive clarification
on the approval process for projects and how to prioritize the available funds. Ms. Olivarri
tabled the discussion of this item for the next meeting.
J. EXECUTIVE DIRECTOR COMMENTS:
President Olivarri referred to the Executive Director comments. City Manager Peter
Zanoni stated the swearing-in ceremony for the out going and new Council will be held on
Tuesday, January 10, 2023.
K. ADJOURNMENT
There being no further business, President Olivarri adjourned the meeting at 2:38 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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