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HomeMy WebLinkAboutMinutes Corpus Christi Business and Job Development Corporation (Type A) - 05/20/2024 ' Cityof CorpusChristi 1201 Leopard Street 4 , Corpus Christi,TX 78401 ._= cctexas.com _ T Meeting Minutes - Final Corpus Christi Business and Job Development Corporation - Type A Monday, May 20,2024 2:00 PM City 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 &Job 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 2:32 p.m. B. Call Roll: Assistant City Secretary Stephanie Box called the roll and verified that a quorum of the Board was present to conduct the meeting. Present: 7- President Leah Pagan Olivarri, Secretary Diana Summers, Board Member Robert Tamez, Vice-President Alan Wilson, Board Member Jesus Jimenez, Board Member Eric Evans and Board Member Mark LaRue C. PUBLIC COMMENT: President Olivarri referred to Public Comment. There were no comments from the public. D. MINUTES/EXCUSE ABSENCES 1. 24-0764 Approval of Minutes for the Type A April 15, 2024 and December 11, 2023 Regular Meetings. President Olivarri referred to Item 1. Mr. Tamez made a motion to approve the minutes as presented, seconded by Mr. LaRue, and passed unanimously. Mr. Wilson requested an excused absence for the April 15, 2024 meeting. Mr. LaRue made a motion to excuse the absence, seconded by Mr. Wilson and passed unanimously Ms. Summers requested an excused absence for the April 15, 2024 meeting. Mr. Wilson City of Corpus Christi Page 1 Printed on 6/17/2024 SCANNED Corpus Christi Business and Job Meeting Minutes-Final May 20,2024 Development Corporation-Type A made a motion to excuse the absence, seconded by Mr. LaRue and passed unanimously E. FINANCIAL REPORT 2. 24-0756 Type A Financial Reports as of March 31, 2024 President Olivarri referred to Item 2.Assistant City Manager Heather Hurlbert presented the financial reports as of March 31, 2024. Board Members and Ms. Hurlbert discussed the following: whether the Type A Board was recognized at the Water Garden's ribbon cutting; an assessment for the breakwater; informing the community of the capital improvements that have been completed; arena updates; parking issues for the American Bank Center; and performing a parking meter study. F. EXECUTIVE SESSION ITEMS: NONE G. AGENDA ITEMS: 3. 24-0816 Motion to amend the Fiscal Year 2023-2024 Corpus Christi Business and Job Development Corporation budget to release funding in the amount of $160,560.00 related to the commitment of the Alma at Greenwood project. President Olivarri referred to Item 3. Mr. Wilson made a motion to approve Item 4, seconded by Mr. Tamez, and passed unanimously. I. PRESENTATION ITEMS: 4. 24-0817 Proposed Type A Sales Tax Reauthorization Update President Olivarri referred to Item 4. Assistant City Manager Heather Hurlbert presented a briefing on the proposed Type A sales tax reauthorization. Ms. Hurlbert presented the following: Agenda; Local Sales Tax; 2 Cents Local Sales Tax Distribution; Allowable Uses of Local Sales Tax by City; Entities Eligible to Collect Local Sales Tax; Chapter 327; Allowable Uses of Type NB Sales Tax; Type A Corporation; Type B Corporation; Authorization Options; Terms; City Council Proposed Project Funded with 1/8 Cent; City Owned Properties in the Sea District; Feedback on Cultural and Entertainment Projects; City Council Proposed Projects Funded with 1/8 Cent; Capital Projects for Consideration; Possible Projects; Possible Capital Projects FM624; Possible Projects: Turkey Creek; Possible Capital Projects: Clarkwood Ditch/Oso Tributary; Possible Capital Projects: North Beach Phase 2; Possible Capital Projects: Corpus Christi Bay; Possible Capital Projects: Williams Ditch; Possible Capital Projects: Oso Creek; Feed back on Seawall and Flood Control Project; General Feedback; City of Corpus Christi Page 2 Printed on 6/17/2024 Corpus Christi Business and Job Meeting Minutes-Final May 20,2024 Development Corporation-Type A Calendar and Next Steps. Board Members, City Manager Peter Zanoni and Ms. Hurlbert discussed the following topics: whether the city can opt out of a county imposed tax; Type A and B funds can be used for military projects; principal balance on existing debt for Type A and B; estimated percent of sales tax that is paid by visitors; whether the funding would include extending the seawall around the Art Museum; all future improvements will be on public property; and ballot language will be presented. 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 3:09 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. City of Corpus Christi Page 3 Printed on 6/17/2024