Corpus Christi B Corporation - Type B

Council Chambers

Agenda — 25 items

1. 1 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.
2. 2 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.
3. A. President Diana Summers to call the meeting to order. ▶ jump to 13:19
4. B. Call Roll: ▶ jump to 14:00
5. C. PUBLIC COMMENT: ▶ jump to 14:02
6. D. MINUTES / EXCUSE ABSENCES
7. 1. Approval of Minutes for the Type B Board, March 30 2026 Regular Meeting and April 23, 2026 Special Meeting. 26-0539 approved ▶ jump to 16:00
8. E. FINANCIAL REPORT
9. 2. Type B Financial Reports as of March 31, 2026 26-0708 presented ▶ jump to 17:15
10. F. EXECUTIVE SESSION ITEMS:
11. 3. Executive Session pursuant to Texas Government Code § 551.071 and Texas Disciplinary Rules of Professional Conduct Rule 1.05 to consult with attorneys concerning matters regarding legal issues related to economic development of 1525 N. Shoreline Blvd, Corpus Christi, Texas; pursuant to Texas Government Code § 551.087 to discuss or deliberate regarding commercial or financial information or economic development incentive(s) relating to 1525 N. Shoreline Blvd., Corpus Christi, Texas; and pursuant to Texas Government Code § 551.072 to discuss or deliberate regarding the purchase, exchange, lease, or value of real property located at 1525 N. Shoreline Blvd., Corpus Christi, Texas. 26-0762 discussed in executive session ▶ jump to 27:29
12. G. AGENDA ITEMS:
13. 4. Resolution reaffirming the Corpus Christi B Corporation’s Investment Policy and Investment Strategies for Fiscal Year 2026-2027, with Non-Substantive Amendments 26-0772 recommended for approval ▶ jump to 29:11
14. 5. Motion approving an amendment to the Corpus Christi B Corporation’s FY 2025-2026 Operating Budget to reduce revenues collected in the Type B Facilities Fund totaling $2,702,653.00, authorizing the transfer of $1,794,500.00 to the Capital Budget in support of existing Capital Improvement Program (CIP) projects associated with the Hilliard Center and cultural facilities within the SEA District, including the Art Museum of South Texas, Harbor Playhouse, and the Corpus Christi Museum of Science and History and reduce revenues collected in the Type B Streets Fund totaling $2,702,653 and reduce revenues collected in the Type B Seawall & Citywide Flood Control Fund totaling $775,067. 26-0728 recommended for approval ▶ jump to 30:28
15. H. PUBLIC HEARING:
16. 16 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.
17. 6. Public Hearing and Resolution authorizing the South Bay Park Erosion and Flood Mitigation Program Project with the City of Corpus Christi (Parks and Recreation Department) for a FEMA/TDEM grant match totaling $968,400.00, to fund project engineering services for refurbishing park uplands with a 50-foot-wide nourished sand beach, building an ADA accessible pedestrian ramp, and consolidating storm drain infrastructure on the park property. 26-0717 amended ▶ jump to 49:34
18. I. PRESENTATION ITEMS:
19. 7. Engineering Services Type B Quarterly Project Report 26-0563 presented ▶ jump to 78:32
20. 8. CCIA’s Minimum Revenue Guarantee Quarterly Report for the period of October to December, 2025 for Frontier Airlines 26-0731 presented ▶ jump to 89:27
21. 9. Corpus Christi Regional Economic Development Corporation (CCREDC) Quarterly Report 26-0568 presented ▶ jump to 97:17
22. 10. Presentation and Discussion on the Proposed FY 2026-2027 Corpus Christi Type B Corporation Budget 26-0726 presented ▶ jump to 108:42
23. J. EXECUTIVE DIRECTOR COMMENTS: ▶ jump to 118:45
24. K. ADJOURNMENT ▶ jump to 118:53
25. 25 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.