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HomeMy WebLinkAboutMinutes Corpus Christi Business and Job Development Corporation (Type A) - 04/21/2025City of Corpus Christi Meeting Minutes - Final 1201 Leopard Street Corpus Christi, TX 78401 cctexas.com Corpus Christi Business and Job Development Corporation - Type A Monday, April 21, 2025 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 Alan Wilson to call the meeting to order. President Alan Wilson called the meeting to order at 2:11 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. Present: 5 - Vice -President Diana Summers, President Alan Wilson, Secretary Jesus Jimenez, Board Member Mark LaRue and Board Member Johnny Philipello Absent: 2 - Board Member Vishnu Reddy and Board Member Victoria Holland C. PUBLIC COMMENT: President Wilson referred to Public Comment. There were no comments from the public. D. MINUTES / EXCUSE ABSENCES 1. 25-0197 Approval of Minutes for the Type A January 27, 2025 Regular Meeting. President Wilson referred to Item 1. Mr. LaRue made a motion to approve the minutes as presented, seconded by Mr. Philipello, and passed unanimously. Mr. Jimenez requested an excused absence for the January 27, 2025 Regular Meeting. Ms. Summers made a motion to excuse the absence, seconded by Mr. Philipello and passed unanimously. City of Corpus Christi Page 1 Printed on 5/19/2025 SCANNED Corpus Christi Business and Job Development Corporation - Type A Meeting Minutes - Final April 21, 2025 E. FINANCIAL REPORT 2. 25-0551 Type A Financial Reports as of February 28, 2025 President Wilson referred to Item 2. Director of Finance Sergio Villasana presented the financial reports as of February 28, 2025. Board Members, Mr. Villasana and discussed the following: whether the Arena Fund expenditures debt service is an annual payment; an itemized list of what is still needed to complete the ABC City Terrace Suite Project; and if the Economic Development Fund could be transferred to Type B Fund. F. EXECUTIVE SESSION ITEMS: NONE G. AGENDA ITEMS: NONE I. PRESENTATION ITEMS: NONE J. EXECUTIVE DIRECTOR COMMENTS: President Wilson referred to the Executive Director comments. City Manager Peter Zanoni stated at City Council Meeting staff will present a general fund financial forecast for the budget year beginning October 1st and will also present a similar report to the Type A Board. K. ADJOURNMENT There being no further business, President Wilson adjourned the meeting at 2:22 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 2 Printed on 5/19/2025