Corpus Christi Regional Economic Development Corporation Quarterly Report (26-0568)
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Corpus Christi Regional Economic Development Corporation (CCREDC) Quarterly Report
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Get compliance status letters for clients' economic development agreements
Applies if: You represent a party to a Type B incentive or program agreement listed in the quarterly report
Context: The May 18, 2026 item was presentation only with no motion or vote taken (0-0), and this quarterly report has now surfaced twice in the record after being filed April 20, 2026.
Recommended: If you represent any of the listed recipients — including Del Mar College Foundation, the Texas A&M University-Corpus Christi Lone Star Unmanned Aircraft Systems Center, or the internship programs — obtain the compliance officer's written determination and ask in writing whether any reporting deficiency or cure obligation was identified. The board took no action on this report, so any compliance concern is being handled administratively and outside a recorded vote.
Pull hotel and housing incentive agreements tracked by economic development board
Context: All three projects appeared in the compliance officer's quarterly project list presented to the Type B board on May 18, 2026, alongside the LiftFund Interest Buy-Down Program.
Recommended: Request the underlying incentive agreements for the Marriott Courtyard & Residence Inn, Homewood Suites by Hilton, and South Texas Military Housing CNATRA Quarters projects to see what performance milestones and Type B funding levels the board is actively monitoring. These terms set the practical benchmark for what a comparable Corpus Christi hospitality or workforce housing deal can ask for in the next funding cycle.
Request written compliance findings behind economic development quarterly report
Context: Compliance Officer Randy Almaguer presented on May 18, 2026 covering projects from the Marriott Courtyard & Residence Inn to Del Mar College's Cyber Center, and the item was filed with the City Secretary on April 20, 2026 with no motion or vote taken (0-0).
Recommended: Ask the City Secretary for the full written quarterly compliance report filed April 20 and any supporting performance data for the 13 listed incentive agreements — the minutes name every project but record no job, investment, or clawback numbers. Without it, the public record shows only that the compliance officer "responded to board questions" with no answers preserved.
Timeline
President Summers referred to Item 9. Compliance Officer for the Corpus Christi Regional Economic Development Corporation Randy Almaguer presented the quarterly report. Mr. Almaguer presented the following projects: Marriott - Courtyard & Residence Inn; Texas A&M University-CC Lone Star UAS Center; Homewood Suites by Hilton; Del Mar College Foundation - Enhances Skills Training; South Texas Military Housing, LP-CNATRA Quarters; Service Corps of Retired Executives; Liftfund Interest Buy-Down Program; Texas A&M University Corpus Christi Internship Program; Del Mar College-Internship Program; Del Mar College APEX Accelerator; Del Mar College-Contract Resources Center; Del Mar College-Cyber Center; and Del Mar College-Small Business Development Center. Mr. Almaguer responded to board questions.
Vote: 0 for, 0 against
Presentation only; no motion or vote taken
Corpus Christi Regional Economic Development Corporation (CCREDC) Quarterly Report