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HomeMy WebLinkAboutMinutes Corpus Christi B Corporation (Type B) - 06/30/2025 - SpecialCity of Corpus Christi Meeting Minutes - Final Corpus Christi B Corporation - Type B 1201 Leopard Street Corpus Christi, TX 78401 cctexas.com Monday, June 30, 2025 1:00 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 1:01 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. Present 5 - Board Member Mark LaRue, Board Member Vishnu Reddy, Board Member Johnny Philipello, Secretary Jesus Jimenez, and President Alan Wilson Absent 2 - Board Member Victoria Holland, and Vice -President Diana Summers C. PUBLIC COMMENT: President Wilson referred to Public Comment. There were no comments from the public. D. MINUTES / EXCUSE ABSENCES: None E. FINANCIAL REPORT: None F. EXECUTIVE SESSION ITEMS: None G. AGENDA ITEMS: H. PUBLIC HEARING: City of Corpus Christi Page 1 Printed on 7/21/2025 SCANNED Corpus Christi B Corporation - Type B Meeting Minutes - Final June 30, 2025 President Wilson recused himself from item 1, without objection President Wilson appointed Jesus Jimenez as President Pro tem. 1. 25-0905 Public Hearing and Motion authorizing a business incentive grant agreement with Padre Island North, LLC. , for a total incentive amount not to exceed $1,250,000 for Marriott Dual Branded Hotels; Courtyard & Residence Inn, Conference Center, Bar & Restaurant at 15210 - 152222 Windward Drive, Corpus Christi, Tx. 78418; authorizing appropriation of funds from Corpus Christi B Corporation Economic Development Fund and amending the budget. President Pro tem Jimenez referred to Item 1. Compliance Officer for the Corpus Christi Regional Economic Development Corporation Randy Almaguer presented a Business Incentive Project with Padre Island North LLC. Mr. Almaguer presented the following: North Padre Island Beach Front Hotels and Conference Center; Need for Development; Project Description; Project Investment; Project Location; Project Street and Water Views; Time Table; and Proven Track Record. Board Members and Mr. Almaguer discussed the following topics: the conference center will be available for public rental; occupancy percentage rate on the island; whether financing has been approved; if the bar and restaurant has been factored into the Economic Development Corporation Report; whether the developer is a local business owner; and the payback time frame for $2,000,000. President Pro tem Jimenez opened the Public Hearing. John Bell, Corpus Christi, TX. spoke regarding hotel development on Padre Island. President Pro tem Jimenez closed the Public Hearing. Mr. Reddy made a motion to approve Item 1, seconded by Mr. Philipello. Mr. Philipello made a motion to amend item 1 increasing the funding from $1,250,000 to $2,000,000, seconded by Mr. Reddy, and passed unanimously. The motion was approved as amended 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: J. EXECUTIVE DIRECTOR COMMENTS: City of Corpus Christi Page 2 Printed on 7/21/2025 Corpus Christi B Corporation - Type B Meeting Minutes - Final June 30, 2025 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 1:23 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 7/21/2025