Summary

Corpus Christi B Corporation meeting summary

Corpus ChristiMay 18, 20263 min read

At a glance

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Board reaffirmed its FY2026-2027 investment policy, approved a FY2025-2026 operating budget amendment transferring $1,794,500 to capital projects for the Hilliard Center and local cultural facilities, authorized a South Bay Park erosion and flood mitigation project with a $968,400 FEMA/TDEM grant match and capped an interdepartment services fee at 11%, and accepted several quarterly project and budget presentations.

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Jobs Development Corpus Christi Regional Economic Development

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Corpus Christi B Corporation - Type B

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What this means

The Type B board approved moving existing funds into capital projects that will help repair and upgrade the Hilliard Center and three cultural facilities, meaning those projects can advance using Type B capital dollars. The board also approved engineering work for a South Bay Park shoreline and drainage project that will add a nourished beach, an ADA ramp, and storm drain work, with most of the engineering paid by a FEMA/TDEM grant match. The board kept its investment rules in place with only date updates. Residents can expect continued work on local parks, cultural facilities, streets, and flood control projects funded or supported by the Type B corporation.

Key decisions

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Reaffirmed the Corpus Christi B Corporation Investment Policy and Investment Strategies for FY 2026-2027 with non-substantive (date) amendments (approved unanimously).
Approved an amendment to the FY 2025-2026 Operating Budget reducing revenues in the Type B Facilities Fund ($2,702,653) and transferring $1,794,500 to the Capital Budget to support CIP projects for the Hilliard Center and cultural facilities (Art Museum of South Texas, Harbor Playhouse, Corpus Christi Museum of Science and History) (approved unanimously).
Approved reductions to revenues in the Type B Streets Fund ($2,702,653) and the Type B Seawall & Citywide Flood Control Fund ($775,067) as part of the budget amendment (approved unanimously).
Authorized the South Bay Park Erosion and Flood Mitigation Program project with the City of Corpus Christi, including a FEMA/TDEM grant match of $968,400 to fund engineering services; amended the interdepartment services fee to not exceed 11% of total construction cost (approved unanimously).
Approved minutes for March 30, 2026 and April 23, 2026 meetings and excused absences for board members for those meetings (approved unanimously).

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Meeting information

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Corpus Christi B Corporation - Type B

May 18, 2026, 12:00 AMCouncil Chambersscheduled

Agenda

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.
President Diana Summers to call the meeting to order.
Call Roll:
PUBLIC COMMENT:
MINUTES / EXCUSE ABSENCES
Approval of Minutes for the Type B Board, March 30 2026 Regular Meeting and April 23, 2026 Special Meeting.
FINANCIAL REPORT
Type B Financial Reports as of March 31, 2026
EXECUTIVE SESSION ITEMS:
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.
AGENDA ITEMS:
Resolution reaffirming the Corpus Christi B Corporation’s Investment Policy and Investment Strategies for Fiscal Year 2026-2027, with Non-Substantive Amendments
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.
PUBLIC HEARING:
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.
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.
PRESENTATION ITEMS:
Engineering Services Type B Quarterly Project Report
CCIA’s Minimum Revenue Guarantee Quarterly Report for the period of October to December, 2025 for Frontier Airlines
Corpus Christi Regional Economic Development Corporation (CCREDC) Quarterly Report
Presentation and Discussion on the Proposed FY 2026-2027 Corpus Christi Type B Corporation Budget
EXECUTIVE DIRECTOR COMMENTS:
ADJOURNMENT
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.

Corpus Christi B Corporation meeting summary

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Corpus Christi B Corporation - Type B

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