Corpus Christi B Corporation - Type B

Council Chambers

Agenda — 20 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 Alan Wilson to call the meeting to order. ▶ jump to 5:30
4. B. Call Roll: ▶ jump to 5:37
5. C. PUBLIC COMMENT: ▶ jump to 6:07
6. D. MINUTES / EXCUSE ABSENCES ▶ jump to 8:13
7. 1. Approval of Minutes for the Type B Board, April 21, 2025 Regular Meeting. 25-0672 approved ▶ jump to 8:15
8. E. FINANCIAL REPORT ▶ jump to 9:15
9. 2. Type B Financial Reports as of March 31, 2025 25-0765 presented ▶ jump to 9:17
10. F. EXECUTIVE SESSION ITEMS: ▶ jump to 23:15
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 legal issues related to economic development incentive agreement(s) involving a potential economic development agreement with Padre Island North, LLC regarding development at or near 15210-15222 Winward Drive, TX 78418; and pursuant to Texas Government Code § 551.087 to discuss or deliberate regarding commercial or financial information relating to some or all of the aforementioned matter(s) or entities that the corporation seeks to have locate, stay, or expand in or near the territory of the City of Corpus Christi, and with which the corporation is conducting economic development negotiations and/or financial or other incentives involving said business prospect. 25-0754 discussed in executive session ▶ jump to 23:17
12. G. AGENDA ITEMS: ▶ jump to 23:49
13. 4. Motion authorizing Amendment No. 1 to the Reimbursement Agreement with Elevate QOF LLC, to extend the construction completion date of September 30, 2025, to March 31, 2026. 25-0753 passed ▶ jump to 23:50
14. H. PUBLIC HEARING: NONE
15. 15 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.
16. I. PRESENTATION ITEMS: ▶ jump to 26:26
17. 5. Presentation and Discussion on the Proposed FY 2025-2026 Corpus Christi Type B Corporation Budget 25-0757 presented ▶ jump to 26:28
18. J. EXECUTIVE DIRECTOR COMMENTS: ▶ jump to 46:39
19. K. ADJOURNMENT ▶ jump to 46:48
20. 20 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.