HomeMy WebLinkAboutMinutes Corpus Christi B Corporation (Type B) - 08/19/2024 - SpecialMonday, August 19, 2024
City of Corpus Christi
Meeting Minutes - Final
Corpus Christi B Corporation - Type B
1201 Leopard Street
Corpus Christi, TX 78401
cctexas.com
1:30 PM Council Chambers
SPECIAL MEETING
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. Call Roll:
City Secretary Rebecca Huerta called the roll and verified that a quorum of the Board
was present to conduct the meeting.
Mr. Tamez arrived at 1:36 p.m.
Present 6 - President Leah Pagan Ohvarri, Secretary Diana Summers, Board Member Robert Tamez,
Vice -President Alan Wilson, Board Member Jesus Jimenez 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: None
E. FINANCIAL REPORT
F. EXECUTIVE SESSION ITEMS: None
G. AGENDA ITEMS:
1. 24-1404 Motion to modify the recommended Corpus Christi B Corporation's Fiscal Year
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CANNE
Corpus Christi B Corporation - Type
B
Meeting Minutes - Final August 19, 2024
2024-2025 operating budget for Economic Development by Including
$221,284.00
President Olivarri referred to Item 1. Director Marquez said this item adds $221,284 to
the Type B operating budget to fund the City's annual membership commitment to the
Corpus Christi Regional Economic Development Corporation. The City's general fund
paid for the membership commitment, but staff recommended using Type B funding to
cover the expense due to budget constraints.
Board Members and Mr. Marquez discussed the following: the requested funds are in
addition to what the board already funds; and whether the Type B Board will request
representation on the CCREDC board since the board is contributing to the CCREDC.
Mr. Wilson made a motion to approve item 1 as presented. The motion did not have a
second.
Corpus Christi Regional Economic Development Corporation Chief Executive Office
Mike Culbertson confirmed the Type B Board is recommending the two Type B Members
would be part of the six positions the city currently has and not an additional two
positions.
Ms. Summers made a motion to amend item 1 to recommend including the chairman and
vice-chairman of the Type B Board appointees to the CCREDC Board, seconded by Mr.
Tamez and passed unanimously.
The board passed the amended motion unanimously.
24-1402 Motion to approve an agreement up to $1,897,870.00 to the Del Mar College
Foundation, Inc. for the equipment needed for five different programs for
enhanced skills training.
President Olivarri referred to Item 2. Corpus Christi Regional Economic Development
Corporation Compliance Officer Randy Almaguer said the purpose of this item is to
discuss and approve an agreement with Del Mar College Foundation Inc. for equipment
needed for five different programs for enhancing skills training.
Mr. Almaguer presented the following: Corpus Christi Regional Economic Development
Corporation Mission Alignment; Executive Summary; Funding Request Overview,
Program Funding Impact and Benefits Program Funding and Employers Impacted;
Competing Texas Metropolitan Programs; and Strategic Importance.
Del Mar College Board Regent David Loeb spoke in favor of this item and thanked the
board for their partnership.
Board Members and Mr. Almaguer discussed the following: using the Rio Grande Valley
as a benchmark since they are one of the city's competitors.
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Corpus Christi B Corporation - Type
B
Meeting Minutes - Final August 19, 2024
Ms. Olivarri stated the item will be presented next month to include the public hearing.
Mr. Tamez made a motion to approve item 2, seconded by Mr. Wilson, and passed
unanimously.
H. PUBLIC HEARING:
3. 24-1365 Public Hearing and Motion authorizing eight Corpus Christi B Corporation Small
Business Assistance Agreements with the following entities for one year:
LiftFund, Inc., Service Corps of Retired Executives (SCORE), Texas A&M
University - Corpus Christi, and five with Del Mar College District for a total
amount not to exceed $1,076,700.00 to assist small businesses within the City
of Corpus Christi to create jobs and investment.
President Olivarri referred to Item 3. Corpus Christi Regional Economic Development
Corporation Compliance Officer Randy Almaguer said the purpose of this item is to
discuss and approve a motion authorizing eight agreements with the following partners:
Texas A&M Corpus Christi, Del Mar College, Lift Fund and SCORE.
President Olivarri opened the public hearing.
There were no comments from the public.
President Olivarri closed public hearing.
Mr. Alamguer stated all the programs are doing well with the exception of Lift Fund. Lift
Fund Marketing Manager Laura Estrada mentioned they will be close to the $150,000
goal by the end of September.
Mr. Wilson made a motion to approve item 3, seconded by Mr. Tamez, 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:
4. 24-1403 Update on Requested Fiscal Year 2025 Type B Funded Projects
President Olivarri referred to Item 4. Economic Development Director Arturo Marquez
presented an update for FY 2025 Type B Funded Projects.
Mr. Marquez stated the Type B FY 25 Funded Projects are the Texas State Aquarium
Parking Lot and Bear Lane Project. Mr. Marquez introduced President and CEO of the
Texas State Aquarium Jesse Gilbert who gave an update on the parking program.
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Corpus Christi B Corporation - Type
B
Meeting Minutes - Final August 19, 2024
Mr. Gilbert presented the following* Current Parking Program, Future Parking - Type B
Request; and Funding for Texas State Aquarium Parking Lot.
Board Members and Mr. Gilbert discussed the following the number of employees that
work at the Texas State aquarium, expansion of new exhibits and training center in the
near future will increase the number of employees; ownership issues with the current
parking lot so funds will be invested in the new property that was purchased by the
Aquarium* staff will discuss the board's preference for the agreement with the aquarium,
and trams will be available to transport the patrons from the parking lot to the aquarium
and other establishments in the area.
Assistant City Manager Neiman Young presented an update on the Bear Lane Project.
Board Members and Mr. Young discussed the following: the number of businesses that
are active in the area* estimated cost of the design of the project is $3.9 million and the
total cost of the project is $36 million; federal resources being used for funding the
construction cost; whether the cost of the construction is in line with other road
construction; if there is any drainage system that open up to any other corridor; whether a
developer need to contribute to the drainage cost if they were to develop at a later time.
J. EXECUTIVE DIRECTOR COMMENTS:
President Olivarri referred to the Executive Director comments. City Manager Peter
Zanoni presented an update on the city s budget process, community input sessions and
when the budget will be presented to council for final passage.
K. ADJOURNMENT
There being no further business, President Olivarri adjourned the meeting at 2:25 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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