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Corpus Christi B Corporation - Type B

April 21, 2025 ·1:30 PM Final-revised

Council Chambers

Agenda PDF Minutes PDF 📹 Watch video Official record ↗

Agenda — 19 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 2:08
  4. B. Call Roll: ▶ jump to 2:11
  5. C. PUBLIC COMMENT: ▶ jump to 2:32
  6. D. MINUTES / EXCUSE ABSENCES
  7. 1. Approval of Minutes for the Type B Board March 17, 2025 Regular Meeting. 25-0493 approved ▶ jump to 4:58
  8. E. FINANCIAL REPORT
  9. 2. Type B Financial Reports as of February 28, 2025 25-0552 presented ▶ jump to 5:27
  10. F. EXECUTIVE SESSION ITEMS:
  11. G. AGENDA ITEMS:
  12. 3. Motion to approve Amendment 3-2025 to the Reimbursement Agreement with Next Sport Company LLC., to extend the performance deadline of Phase I from December 31, 2024, to December 31, 2025. 25-0561 recommended for approval ▶ jump to 21:55
  13. 4. Motion to approve Subordination and Standstill Agreement with Wells Fargo Bank National Association for the Affordable Housing Project with TG110 Palms at Morris, LP. 25-0570 recommended for approval ▶ jump to 25:35
  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: NONE
  17. J. EXECUTIVE DIRECTOR COMMENTS: ▶ jump to 35:30
  18. K. ADJOURNMENT ▶ jump to 36:19
  19. 19 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.