HomeMy WebLinkAboutMinutes Corpus Christi B Corporation (Type B) - 07/17/2023City of Corpus Christi
Meeting Minutes - Final
Corpus Christi B Corporation - Type B
1201 Leopard Street
Corpus Christi, TX 78401
cctexas.com
Monday, July 17, 2023
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 Leah Pagan Olivarri to call the meeting to order.
President Leah Olivarri called the meeting to order at 1:32 p.m.
B. CaII Roll:
Assistant City Secretary Stephanie Box called the roll and verified that a quorum of the
Board was present to conduct the meeting.
Present 5 - President Leah Pagan Olivarri, Board Member Robert Tamez, Board Member John Valls,
Vice -President Alan Wilson, and Board Member Jesus Jimenez
Absent 1 - Secretary Diana Summers
C. PUBLIC COMMENT:
President Olivarri referred to Public Comment. There were no comments from the public.
D. MINUTES / EXCUSE ABSENCES
1. 23-1075 Approval of Minutes of the Type B June 12, 2023 Regular Meeting.
President Olivarri referred to Item 1. Mr. Valls made a motion to approve the minutes as
presented, seconded by Mr. Wilson, and passed unanimously.
E. FINANCIAL REPORT
2. 23-1134 Type B Financial Reports as of May 31, 2023
President Olivarri referred to Item 2. Interim Director of Finance Alma Casas presented
the financial reports as of May 31, 2023.
City of Corpus Christi
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Corpus Christi B Corporation - Type
B
Meeting Minutes - Final July 17, 2023
F. EXECUTIVE SESSION ITEMS:
G. AGENDA ITEMS:
3. 23-1151 Resolution reaffirming the Corpus Christi B Corporation's Investment Policy and
Investment Strategy for the Fiscal Year 2023-2024 with non -substantive
amendments.
President Olivarri referred to Item 3. Interim Director of Finance Alma Casas said the
purpose of this item is to approve a resolution reaffirming the Type B Investment Policy
and Investment Strategy for fiscal Year 2023-2024 with non -substantive amendments.
Mr. Valls made a motion to approve item 3, seconded by Mr Tamez, and passed
unanimously.
4. 23-1185 Motion authorizing amendment of the bylaws of the Corpus Christi B Corporation
to provide for automatic resignation of a director in the event of unexcused
absences.
President Olivarri referred to Item 4. Assistant City Attorney Aimee Alcorn -Reed said the
purpose of this item is to approve a motion authorizing an amendment to the bylaws
regarding attendance. Ms. Alcorn -Reed stated this item was discussed during the June
meeting and a recommendation was made to accept a written request from board
members to excuse their absence. The written request would be sent to the City
Secretary's Office with a copy to the Board President, and City Staff Liaison at least 24
hours prior to the next meeting.
Board Members and Ms. Alcorn -Reed discussed the following topics: what qualifies as
an excused absence; adding qualified excuses to the rules of procedures instead of the
bylaws; and the number of absences a member can miss.
Mr. Valls made a motion to approve item 4, seconded by Mr. Wilson, and passed
unanimously.
5. 23-1161 Motion to approve the Corpus Christi B Corporation's Fiscal Year 2023-2024
operating budget for Economic Development, Housing and Streets.
President Olivarri referred to Item 5. Director of Management and Budget Eddie Houlihan
presented the proposed FY 2023-2024 Type B Budget.
Mr. Houlihan presented the following items: Budget Overview - Economic Development;
Budgeted Revenue - Economics Development; Proposed Expenses - Economic
Development; Major Business Incentives; Small Business Projects; Type B Incentives;
Budget Proposal; Budget Overview - Housing; Budgeted Revenue - Housing; Proposed
Expenses - Housing; Affordable Housing; Infill Housing Incentives Program; Budget
Overview - Streets; Budgeted Revenue - Streets; and Proposed Expenses - Streets.
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Corpus Christi B Corporation - Type
B
Meeting Minutes - Final July 17, 2023
Board Members, Mr. Houlihan, Assistant City Manager Heather Hurlbert, Assistant City
Attorney Aimee Alcorn -Reed, Chief Executive Officer of the Corpus Christi Regional
Economic Development Corporation Mike Culbertson and Texas A&M University -CC
Executive Director of Career & Professional Development Center Leslie Mills discussed
the following topics: the duties for the development services liaison and when the position
will be filled; why there is not a budget for Infill Housing; incentives for developers to
develop in the city's infill housing areas; the economic development component that
pertains to Williams Drive; requested an Infill Housing/Affordable Housing presentation; if
infill housing needs to be associated with affordable housing project; having an infill
housing map available; the reasons for Texas A&M - CC budget increase and their
actual expenses year to date; Del Mar College Internship program status and if they plan
to ask for an increase in their budget; tracking the internship positions that are converted
to full time positions; recommended a survey be required at the end of the internship
program for employers to complete.
Mr. Valls made a motion to approve item 5 as presented with an increase of $15,000 for
Del Mar College Internship Program, seconded by Mr. Tamez, 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 Olivarri referred to the Executive Director comments. City Manager Peter
Zanoni stated he will present the budget to City Council on Tuesday, July 25th and there
will be six budget workshop sessions and five community input sessions .
President Olivarri thanked Mr. Harris for his six-year service to the Type A & B
Corporations.
K. ADJOURNMENT
There being no further business, President Olivarri adjourned the meeting at 2:53 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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