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HomeMy WebLinkAbout031608 RES - 12/04/2018 Page 1 of 2 RESOLUTION Approving the renewal of the Small Business Incentives Agreement between the Corpus Christi Business and Job Development Corporation and Texas A&M University — Corpus Christi (TAMU-CC) to provide grant up to $150,000 for their internship program. WHEREAS, the Corpus Christi Business and Job Development Corporation ("Type A Corporation") has budgeted funds to assist businesses create or retain jobs in the City of Corpus Christi, Texas ("City"). WHEREAS, the Type A Corporation has requested proposals from businesses that will create or retain jobs within the City, and determined that the proposal from TAMU-CC for an intern program within the City will best satisfy this goal; WHEREAS, City Council deems that it is the best interest of the City and citizens to renew the business incentives agreement for an intern program between the Type A Corporation and TAMU-CC; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. That the renewal of the small business incentives agreement for business development between the Type A Corporation and TAMU-CC for an intern program within the City of Corpus Christi, in the form attached to this resolution, is approved. This resolution takes -effect upon City Council approval on this the 1+ day of CILA(AiLICAL , 2018. 310038d2-d596-4d02-9670-68d90b2227c8 031,608 SCANNED Page 2 of 2 ATTEST: THE CITY OF CORPUS CHRISTI ►� gRe ecca Huerta Joe Comb City Secretary Ma or Corpus Christi, Texas y-41-) of , /INS The above resolution was passed by the following vote: Joe McComb ___4...____, Rudy Garza S ., Paulette Guajardo l*Airk_, Michael Hunter A /..AlitkAIL. Debbie Lindsey-Opel Ben Molina Everett Roy I 'A t V __ tI. Greg Smith ----*- 310038d2-d596-4d02-9670-68d90b2227c8 Renewal Small Business Incentive Agreement Between Corpus Christi Business and Job Development Corporation and Texas A&M University—Corpus Christi Renewal No.: 1 Date: September 17, 2018 The Corpus Christi Business and Job Development Corporation hereinafter referred to as the Corporation, and Texas A&M University— Corpus Christi, hereinafter referred to as TAMU- CC, do hereby make and enter into this Renewal No. 1 of the Small Business Incentive Agreement("Renewal")which,together with the Small Business Incentive Agreement,which was approved by City Council on October 10, 2017, and all other duly executed amendments, constitutes the entire agreement under the above-referenced agreement between the Corporation and TAMU-CC. This Renewal is to exercise the first one-year option provided for in section 2.b. of the agreement. The Term of this renewal option is January 1, 2019 through December 31, 2019. The grant provided for this Renewal term shall not exceed $150,000 as provided in section 3 of the agreement. The Corporation and TAMU-CC agree to and shall abide by all terms and conditions of the original agreement and any amendments thereto, to the extent they are not in conflict with the terms of this Renewal. i_lq_lcc- IDA,11. Dr. Kell M. Quintanilla Date Scott Harris Date �,.� President President Texas A&M University—Corpus Christi Corpus Christi Business and Job Development Corporation APPROVED AS TO LEGAL FORM Assistant City Attorney Date Attorney for Corporation CITY OF CORPUS CHRISTI CERTIFICATION OF FUNDS (City Charter Article IV, Sections 7 & 8) I, the Director of Financial Services of the City of Corpus Christi, Texas (or his/her duly authorized representative), hereby certify to the City Council and other appropriate officers that the money required for the current fiscal year's portion of the contract, agreement, obligation or expenditure described below is in the Treasury to the credit of the Fund specified below, from which it is to be drawn, and has not been appropriated for any other purpose. Future payments are subject to annual appropriation by the City Council. City Council Action Date: December 4, 2018 1V o. / $ - /3 q s Agenda Item: Resolution to approve a Small Business Incentives Agreement between the Corpus Christi Business and Job Development Corporation and Texas A&M University - Corpus Christi (TAMU-CC) to provide grant up to $150,000 for their internship program to assist small businesses. Amount Required: $150,000 Fund Name Accounting Unit Account Activity No. Amount No. Economic Dev Fund 1140-15020-777 530000 $150,000 Total $0 Iso, oo© Certification Not Required Director of Financial Services Date: DEC 0 3 2018