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In The Oil Patch: Episode 26 - Eddie Martinez
-Originally aired on 08/01/2015-
Episode 26 of "In The Oil Patch"
This week on "In The Oil Patch": host Kym Bolado and her co-hosts Alvin Bailey and Roy Holley have Eddie Martinez, the General Cargo & Information Representative at the Port of Corpus Christi. Eddie explains that the Port of Corpus Christi is ranked number five in the nation. He's expecting the Port to be ranked number four very soon due to the plethora of commerce that sails in and out of the Port on a daily basis. The Port's mission is to leverage commerce and drive prosperity, and with people like Eddie that allow the day to day operations to run as smoothly as they have been, the growth rate of the Port should come as no surprise. Eddie also tells our listeners what can be brought in and out of the Port, how the operations are funded, economic development and sustainability in the Eagle Ford Shale region and how many countries come in and out of the Port on a monthly basis.
From the Port of Corpus Christi's website:
"All Port Commissioners have served without pay and, over the years, except for $5,300,00 in bonds paid through ad valorem taxes for certain improvements, the Port has acquired and owns many millions of dollars of Port facilities. In 1985 a bond issue of $25,000,000 was approved for Navy Homeport facilities. Except for the "Homeport" tax bonds, all other tax bonds have been paid many years ago.
"Although the statutes under which the Navigation District was organized and operates authorizes the voters to authorize a tax for operating the Port and for maintaining its facilities and although many Ports have such a tax, the citizens of Nueces County have never asked for such authorization. Except for tax bonds issued to construct facilities as above mentioned, the Port has been self-supporting.
"Said another way, Nueces County Navigation District No. 1 (now the Port of Corpus Christi Authority of Nueces County, Texas) is unique in Texas political history, not only because of the relatively few in number of the Port Commissioners who have served over the 75 years of its life but because it has been self-supporting from its inception. The District has never had a tax for operations. It owns over 21,000 acres of land, of which approximately 16,000 acres is submerged land, 8 cargo docks an 11 oil docks worth millions of dollars, and, except for the Homeport bonds, has only issued $5,300,000 in tax bonds."
You can read more about the Port of Corpus Christi at: http://www.portofcc.com
"In The Oil Patch" is brought to you by SHALE Oil & Gas Business Magazine and proudly sponsored by the South Texas Energy & Economic Roundtable (STEER). Stay tuned for more great episodes every Saturday night at 10pm CST on KTSA 550am and 107.1fm!
Photo credit: Port Corpus Christi
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By Energy Network Media Group
4.6
88 ratings
-Originally aired on 08/01/2015-
Episode 26 of "In The Oil Patch"
This week on "In The Oil Patch": host Kym Bolado and her co-hosts Alvin Bailey and Roy Holley have Eddie Martinez, the General Cargo & Information Representative at the Port of Corpus Christi. Eddie explains that the Port of Corpus Christi is ranked number five in the nation. He's expecting the Port to be ranked number four very soon due to the plethora of commerce that sails in and out of the Port on a daily basis. The Port's mission is to leverage commerce and drive prosperity, and with people like Eddie that allow the day to day operations to run as smoothly as they have been, the growth rate of the Port should come as no surprise. Eddie also tells our listeners what can be brought in and out of the Port, how the operations are funded, economic development and sustainability in the Eagle Ford Shale region and how many countries come in and out of the Port on a monthly basis.
From the Port of Corpus Christi's website:
"All Port Commissioners have served without pay and, over the years, except for $5,300,00 in bonds paid through ad valorem taxes for certain improvements, the Port has acquired and owns many millions of dollars of Port facilities. In 1985 a bond issue of $25,000,000 was approved for Navy Homeport facilities. Except for the "Homeport" tax bonds, all other tax bonds have been paid many years ago.
"Although the statutes under which the Navigation District was organized and operates authorizes the voters to authorize a tax for operating the Port and for maintaining its facilities and although many Ports have such a tax, the citizens of Nueces County have never asked for such authorization. Except for tax bonds issued to construct facilities as above mentioned, the Port has been self-supporting.
"Said another way, Nueces County Navigation District No. 1 (now the Port of Corpus Christi Authority of Nueces County, Texas) is unique in Texas political history, not only because of the relatively few in number of the Port Commissioners who have served over the 75 years of its life but because it has been self-supporting from its inception. The District has never had a tax for operations. It owns over 21,000 acres of land, of which approximately 16,000 acres is submerged land, 8 cargo docks an 11 oil docks worth millions of dollars, and, except for the Homeport bonds, has only issued $5,300,000 in tax bonds."
You can read more about the Port of Corpus Christi at: http://www.portofcc.com
"In The Oil Patch" is brought to you by SHALE Oil & Gas Business Magazine and proudly sponsored by the South Texas Energy & Economic Roundtable (STEER). Stay tuned for more great episodes every Saturday night at 10pm CST on KTSA 550am and 107.1fm!
Photo credit: Port Corpus Christi