HomeMy WebLinkAboutMinutes Corpus Christi B Corporation (Type B) - 12/11/2023City of Corpus Christi
Meeting Minutes - Final
Corpus Christi B Corporation - Type B
1201 Leopard Street
Corpus Christi, TX 78401
cctexas.com
Monday, December 11, 2023
1:30 PM 6th Floor Conference Room
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 1:30 p.m.
B. Cali Roll:
Assistant City Secretary Stephanie Box called the roll and verified that a quorum of the
Board was present to conduct the meeting.
Mr. Jimenez arrived at 1:33 p.m.
Present 6 - President Leah Pagan Olivarri, Secretary Diana Summers, Vice -President Alan Wilson,
Board Member Jesus Jimenez, Board Member Eric Evans, and Board Member Mark
LaRue
Absent 1 - Board Member Robert Tamez
C. PUBLIC COMMENT:
President Olivarri referred to Public Comment. There were no comments from the public.
D. MINUTES / EXCUSE ABSENCES
1. 23-1950 Approval of Minutes for the Type B Board November 13, 2023 Regular Meeting.
President Olivarri referred to Item 1. Mr. Wilson made a motion to approve the minutes
as presented, seconded by Mr. LaRue, and passed unanimously.
E. FINANCIAL REPORT
2. 23-1993 Type B Financial Reports as of October 31, 2023
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Meeting Minutes - Final December 11, 2023
President Olivarri postponed item 2.
F. EXECUTIVE SESSION ITEMS:
3. 23-1995 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 a potential economic development agreement with Elevate QOF, LLC
and/or related entities regarding development at or near N Chaparral Street and
Lomax Street; 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 in or near the territory of the City of Corpus Christi and
with which the corporation is conducting economic development negotiations
and/or financial or other incentives involving said business prospect.
President Olivarri referred to Executive Session Item 3. The Board went into Executive
Session at 1:34 p.m. The Board returned from Executive Session at 2:36 p.m.
This E -Session Item was discussed in executive session.
G. AGENDA ITEMS:
4. 23-1707 Motion approving the 2024 Corpus Christi B Corporation Meeting Calendar.
President Olivarri referred to Item 4.
Mr. Wilson made a motion to approve item 4, seconded by Ms. Summers, and passed
unanimously.
H. PUBLIC HEARING:
5. 23-1996 Public Hearing and Motion authorizing a business incentive grant agreement
with Elevate QOF LLC, for a total incentive amount not to exceed $2,000,000 for
Hilton - Homewood Suites Hotel at the corner of N Chaparral Street and Lomax
Street; authorizing appropriation of funds from Corpus Christi B Corporation
Economic Development Fund and amending the budget.
President Olivarri referred to Item 5. Corpus Christi Regional Economic Development
Corporation Compliance Officer Randy Almaguer introduced Principal Architect /
President of Turner/Ramirez Architects Philip Ramirez and President / CEO of ZJZ
Hospitatlity Inc. Deven Bhakta who present more information on the Hilton Homewood
Suites project.
Board Members, Mr. Ramirez and Mr. Bhakta discussed the following topics: the hotel
will have 127 rooms; whether there will be adequate parking; the vision for retail space
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Meeting Minutes - Final December 11, 2023
and roof top; and the number of jobs that will need to be maintained.
President Olivarri opened the public hearing.
There were no comments from the public.
President Olivarri closed public hearing.
Assistant City Attorney Aimee Alcorn -Reed stated Mr. Wilson is requesting a motion to
direct staff to draft an agreement of $2,000,000 with Elevate QOF LLC, for this project
which will be brought back next month for final approval.
Mr. Wilson made a motion to approve item 5, seconded by Mr. Jimenez, and passed
unanimously.
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:
6. 23-1986 Type B Funded Job Position- Business Development Liaison
President Olivarri postponed item 6.
J. EXECUTIVE DIRECTOR COMMENTS:
President Olivarri referred to the Executive Director comments. City Manager Peter
Zanoni had no comments.
K. ADJOURNMENT
There being no further business, President Olivarri adjourned the meeting at 3:10 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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