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HomeMy WebLinkAboutMinutes Corpus Christi Business and Job Development Corporation (Type A) - 05/19/2025City of Corpus Christi Meeting Minutes - Final RIM =1t76$ - Corpus Christi Business and Job Development Corporation - Type 1201 Leopard Street Corpus Christi, TX 78401 cctexas.com A Monday, May 19, 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 2:57 p.m. B. CaII Roll: Administrative Support Norma Duran called the roll and verified that a quorum of the Board was present to conduct the meeting. Present: 7 Vice -President Diana Summers, President Alan Wilson, Secretary Jesus Jimenez, Board Member Mark LaRue, Board Member Vishnu Reddy, Board Member Johnny Philipello 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. 25-0673 Approval of Minutes for the Type A, April 21, 2025 Regular Meeting. President Wilson referred to Item 1. Ms. Summers made a motion to approve the minutes as presented, seconded by Mr. Jimenez, and passed unanimously. Ms. Holland and Dr. Reddy requested an excused absence for the April 21, 2025 Regular Meeting. Mr. LaRue made a motion to excuse the absences, seconded by Mr. Philipello and passed unanimously. E. FINANCIAL REPORT City of Corpus Christi Page 1 Printed on 6/16/2025 SCANNED Corpus Christi Business and Job Development Corporation - Type A Meeting Minutes - Final May 19, 2025 2. 25-0764 Type A Financial Reports as of March 31, 2025 President Wilson referred to Item 2. Director of Finance Sergio Villasana presented the financial reports as of March 31, 2025. Board Member requested an update on the projects that are in progress. F. EXECUTIVE SESSION ITEMS: NONE G. AGENDA ITEMS: NONE I. PRESENTATION ITEMS: 3. 25-0755 Corpus Christi Hooks Whataburger Field Type A Funded Project Updates President Wilson referred to Item 3. Corpus Christi Hooks General Manager Brady Ballard presented a project for improvements to Whataburger Field. Mr. Ballard presented updates on the following completed projects: Netting Extension; Concrete Repairs; VideoBoard Steel Repairs; and Stadium Seat Replacement. 4. 25-0759 Presentation and Discussion on the Proposed FY 2025-2026 Corpus Christi and Job Development Corporation Budget President Wilson referred to Item 4. Director of Economic Development Arturo Marquez presented the proposed FY2025-2026 Corpus Christi Job and Development Corporation Budget. Mr. Marquez presented the following: Budget Overview - Seawall; Proposed Revenues -Seawall; Proposed Expenses -Seawall; CIP-Seawall Project Budgets and Current Projects; Budget Overview -Seawall Debt Services; Budget Overview -Arena Facility; Proposed Revenues -Arena Facility; Proposed Expensense-Arena Facility; Transfer to Arena CIP; Budget Overview -Arena Debt Services; Budget Overview -Business & Job Development; Budgeted Revenues -Business & Job Development; and Proposed Expenses -Business & Job Development. Boards Members, Mr. Marquez and Assistant Director of Economic Development Elsy Borgstedte discussed the following topics: process entailed in selecting a design team that specializes in the alarm system for the American Bank Center. J. EXECUTIVE DIRECTOR COMMENTS: President Wilson referred to the Executive Director comments. City Manager Peter Zanoni had no comments. City of Corpus Christi Page 2 Printed on 6/16/2025 Corpus Christi Business and Job Development Corporation - Type A Meeting Minutes - Final May 19, 2025 K. ADJOURNMENT There being no further business, President Wilson adjourned the meeting at 3:16 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 6/16/2025