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HomeMy WebLinkAboutMinutes Corpus Christi B Corporation (Type B) - 11/11/2024City of Corpus Christi Meeting Minutes - Final Corpus Christi B Corporation - Type B 1201 Leopard Street Corpus Christi, TX 78401 cctexas.com Monday, November 11, 2024 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 Alan Wilson to call the meeting to order. President Alan Wilson called the meeting to order at 1:30 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. Mr. Jimenez arrived at 1:33 p.m. Present 6 - Secretary Diana Summers, Vice -President Alan Wilson, Board Member Mark LaRue, Board Member Victoria Holland, Board Member Johnny Philipello, and Board Member Jesus Jimenez Absent 1 Board Member Vishnu Reddy C. PUBLIC COMMENT: President Wilson referred to Public Comment. There were no comments from the public. D. MINUTES / EXCUSE ABSENCES 1. 24-1786 Approval of Minutes for the Type B Board October 21, 2024 Regular Meeting. President Wilson referred to Item 1. Ms. Holland made a motion to approve the minutes as presented, seconded by Mr. Philipello, and passed unanimously. E. FINANCIAL REPORT 2. 24-1854 Type B Financial Reports as of September 30, 2024 City of Corpus Christi Page 1 Pri to on A1/ 7/ (] E D � Corpus Christi B Corporation - Type B Meeting Minutes - Final November 11, 2024 President Wilson referred to Item 2. Director of Finance Sergio Villasana presented the financial reports as of September 30, 2024. Board Members, Mr. Villasana and Assistant City Manager Heather Hurlbert discussed the following: a detailed report for the administrative expenses for the infill housing; whether the infill housing fund is being used to purchase lots and the variance in the sales tax revenue for the past month. F. EXECUTIVE SESSION ITEMS: G. AGENDA ITEMS: 3. 24-1846 Motion approving the 2025 Corpus Christi B Corporation Meeting Calendar. President Wilson referred to Item 3. Assistant City Manager Heather Hurlbert stated the dates for the 2025 calendar year are presented in the packet, the meetings are held on the 3rd Monday of the month with the exception of some months due to the holidays and there will be no meeting in August due to the city's budget meetings. Mr. Philipello made a motion to approve the Corpus Christi B Corporation 2025 Meeting Calendar, seconded by Mr. Jimenez.and passed unanimously. H. PUBLIC HEARING: 4. 24-1848 Public Hearing and approval authorizing a business incentive agreement with Texas General Land Office in the amount of $820,000.00 for an upfront request to mitigate shoreline erosion of public parks along the Corpus Christi Bay; appropriating $820,000.00 from Corpus Christi B Corporation Economic Development Fund and amending the budget. President Wilson referred to Item 4. Mr. Wilson stated item 4 is to approve the transfer of fund and not the agreement, the agreement will be approved by City Council. Assistant Director of Parks and Recreation Tyler Florence presented the Shoreline Erosion of parks along the Corpus Christi Bay project. He presented the following: Areas of Focus; Park Visits; Background Information; Project Goal; Phase 1 (Data Collection and Preliminary Alternatives Analysis); Phase 1 Tasks; Cooperation Agreement; Budget and Recommendations. Board Members and Mr. Florence discussed the following topics: whether the city will be awarded the match in funds for phase two; the contractor for the project; prepare a metric on the economic impact of the park projects; physical impact the parks provide for the city; and the project is on a reimbursement agreement; request to add a line for "quality of City of Corpus Christi Page 2 Printed on 1/27/2025 Corpus Christi B Corporation - Type B Meeting Minutes - Final November 11, 2024 life" projects to financial reports. President Wilson opened the Public Hearing. There was no comment from the public. President Wilson closed the Public Hearing. Mr. Philipello made a motion to approve Item 4, 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: 5. 24-1868 Corpus Christi Regional Economic Development Corporation (CCREDC) Small Projects Update President Wilson referred to Item 5. Chief Financial Officer and President of the Corpus Christi Regional Economic Development Corporation Mike Culbertson presented the quarterly report. Mr. Culbertson presented the following projects: Texas A&M University - Lone Star UAS Center; Texas A&M University - Corpus Christi Internship Program; Del Mar College Internship Program; Del Mar College APEX Accelerator Program; and Del Mar College Contract Resource Center (CRC). Board Members, Mr. Culbertson and Del Mar College Program Director for Apex Accelerator Robert Mirabal discussed the following: job creation/retention difference for 2023 and 2024, Mr. Mirabal presented an updated report that shows totals for the last ten months. J. EXECUTIVE DIRECTOR COMMENTS: President Wilson referred to the Executive Directors comments. Assistant City Manager Heather Hurlbert had no comments. K. ADJOURNMENT There being no further business, President Wilson adjourned the meeting at 2:16 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 1/27/2025 Corpus Christi B Corporation - Type B Meeting Minutes - Final November 11, 2024 City of Corpus Christi Page 4 Printed on 1/27/2025