Corpus Christi B Corporation - Type B

6th Floor Conference Room

Agenda — 18 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 Leah Pagan Olivarri to call the meeting to order. ▶ jump to 6:48
4. B. Call Roll: ▶ jump to 7:52
5. C. PUBLIC COMMENT: ▶ jump to 8:31
6. D. MINUTES / EXCUSE ABSENCES
7. 1. Approval of Minutes for the Type B Board December 11, 2023 Regular Meeting. 24-0084 approved ▶ jump to 8:49
8. E. FINANCIAL REPORT
9. 2. Type B Financial Reports as of November 30, 2023 24-0134 presented ▶ jump to 9:43
10. F. EXECUTIVE SESSION ITEMS:
11. G. AGENDA ITEMS:
12. 3. Motion authorizing a business incentive grant agreement with Elevate QOF LLC, for a total incentive amount not to exceed $2,000,000 for Homewood Suites by Hilton at the corner of N Chaparral Street and Lomax Street for costs associated to FEMA AE Flood Zone requirements, exterior upgrades, and lease spaces, facing N. Chaparral Street; authorizing the expenditure of up to $2,000,000 from the Type B unreserved fund balance; and amending the fiscal year 2023-24 budget to increase expenditures by $2,000,000.00. 24-0137 recommended for approval ▶ jump to 14:12
13. H. PUBLIC HEARING:
14. 14 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.
15. I. PRESENTATION ITEMS:
16. J. EXECUTIVE DIRECTOR COMMENTS: ▶ jump to 17:31
17. K. ADJOURNMENT ▶ jump to 18:22
18. 18 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.