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HomeMy WebLinkAboutMinutes Corpus Christi B Corporation (Type B) - 02/10/2025 - SpecialCity of Corpus Christi Meeting Minutes - Final Corpus Christi B Corporation - Type B 1201 Leopard Street Corpus Christi, TX 78401 cctexas.com Monday, February 10, 2025 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 Alan Wilson to call the meeting to order. President Alan Wilson called the meeting to order at 1:31 p.m. B. CaII Roll: City Secretary Rebecca Huerta called the roll and verified that a quorum of the Board was present to conduct the meeting. Vishnu Reddy arrived at 1:33 p.m. and Victoria Holland arrived online at 1:33 p.m. Present 6 Board Member Mark LaRue, Board Member Victoria Holland, Board Member Vishnu Reddy, Board Member Jesus Jimenez, Board Member Diana Summers, and Board Member Alan Wilson Absent 1 Board Member Johnny Philipello C. PUBLIC COMMENT: President Wilson referred to Public Comment. The following citizens spoke in support of Item 1: Robert Schmitchel, Corpus Christi, TX., Shawn Christopher, Corpus Christi, TX., Mike Garcia, Corpus Christi, TX., John Holsonback, Corpus Christi, TX., Jerry Workman, Corpus Christi, TX. D. MINUTES / EXCUSE ABSENCES: NONE E. FINANCIAL REPORT: NONE City of Corpus Christi Page 1 Printed on 3/17/2025 SCANNED Corpus Christi B Corporation - Type B Meeting Minutes - Final February 10, 2025 F. EXECUTIVE SESSION ITEMS: NONE G. 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. 1. 25-0185 Public Hearing and Motion to approve an agreement with the City of Corpus Christi for $2,400,000.00 for the repair of arterial and collector streets within the City, namely Clarkwood Rd from Up River Rd to Agnes St, Navigation Blvd from Old Brownsville Rd to Agnes St, Navigation Blvd from Agnes St to Leopard St, and Southern Minerals Rd from IH 37 to Sedwick Rd. President Wilson referred to Item 1. Director of Economic Development Arturo Marquez presented the Small Business Drought Resiliency Program. Mr. Marquez presented the following: Drought Restrictions; Proposed Program Overview; Eligibility Criteria; Grant Distribution & Limitations; Application & Review Process; Funding & Reporting; Conclusion. Board Members, Assistant City Manager Heather Hurlbert and Mr. Marquez discussed the following topics: whether some of the stage 3 drought contingency plan will be rolled back; when submitting the application, it must show a 20% decline in business; the criteria for receiving the $50,000 grant; the reason this transfer method needs to be used to support this program; whether the city is prepared if more businesses come forward seeking the grant; if there will be a cap for businesses with multiple locations to apply for the grant; prioritizing sole proprietors and businesses that employ multiple people; whether there will be a time frame the businesses need to keep the employees employed if they receive the grant; when the application will be available on LiftFund's website; defining multiple locations; provide a financial review for all the businesses that were awarded the grant and the businesses that used alternate resources; the services LiftFund provides for the fee they charge; whether there were negotiations on LiftFund fee; and the 17% will be on the actual grants awarded. President Wilson opened the Public Hearing. There were no comments from the public. President Wilson closed the Public Hearing. Dr. Reddy made a motion to approve Item 1, seconded by Mr. Jimenez, and passed with the following vote: Mr. Wilson, Mr. Jimenez, Mr. LaRue, Ms. Holland, and Dr. Reddy City of Corpus Christi Page 2 Printed on 3/17/2025 Corpus Christi B Corporation - Type B Meeting Minutes - Final February 10, 2025 voting Aye and Ms. Summers abstained. 2. 25-0184 Public Hearing and Motion to approve an agreement in the amount not to exceed $12,500.00 for the University of Texas at Austin's Home to Texas Program. President Wilson referred to Item 2. Director of Economic Development Arturo Marquez presented the University of Texas at Austin's Home to Texas Program. Mr. Marquez presented the following: What is Home to Texas; Benefits to Corpus Christi; Benefits to Employers; Internship Experience; Roles & Responsibilities; and Proposed Partnership & Funding Model. Board Members and Mr. Marquez discussed the following topics: provide metrics for the program; prefers 100% of job placement being in the private or industry sector; and not using the current companies that are currently participating with Del Mar College and Texas A&M-Corpus Christi internship programs. President Wilson opened the Public Hearing. There were no comments from the public. President Wilson closed the Public Hearing. Mr. LaRue made a motion to approve Item 1, seconded by Dr. Reddy, and passed unanimously. H. AGENDA ITEMS: I. PRESENTATION ITEMS: 5. 25-0188 Type B Affordable Housing Update President Wilson referred to Item 5. Planning Manager Keren Costanzo presented the Type B Affordable Housing Update. Ms. Costanzo presented the following: Type B Affordable Housing Fund Overview; Type B Affordable Housing Fund Project Qualifications; Funding Proposal: Former Lamar Elementary School Neighborhood Location Map; Funding Proposal: Former Lamar Elementary School Neighborhood Infill Program Background; Funding Proposal 1: Former Lamar Elementary School Neighborhood Infill Housing Map; Funding Proposal 1: $803,000 Priority Wastewater Infrastructure Needs Map; Funding Proposal 2: Palms At Morris; Additional Items for Future Consideration; and Next Steps. Board Members, Prospera Vice President of Property Development Brad McMurray, City of Corpus Christi Page 3 Printed on 3/17/2025 Corpus Christi B Corporation - Type B Meeting Minutes - Final February 10, 2025 Prospera Executive Director and Chief Executive Officer Jacque Woodring and Mr. Marquez discussed the following topics: whether the developers paid for the lots; possibly having the home limits more affordable; whether Prospera's units in the city that are low income to very low income units are 100% full; and Prospera's proposal will come before the Type B Board in March. 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 3:13 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 4 Printed on 3/17/2025