HomeMy WebLinkAboutC2023-121 - 6/27/2023 - NA AMENDMENT NO. 3 TO THE BUSINESS INCENTIVE AGREEMENT BETWEEN
CORPUS CHRISTI B CORPORATION AND NEXT SPORTS COMPANY, LLC FOR
DEVELOPMENT OF A RECREATIONAL SPORTS COMPLEX
The CORPUS CHRISTI B CORPORATION, hereinafter referred to as the Corporation and NEXT
SPORTS COMPANY, LLC, hereinafter referred to as the Company, do hereby make and enter into
this amendment(the"Amendment") which, together with the Business Incentive Agreement, which was
approved by the Board of Directors of the Corporation on September 21, 2020 (the "Agreement") and
all other duly executed amendments, constitutes the entire agreement between the Corporation and
the Company.
I.
Section 3. Performance Requirements, paragraph g is hereby deleted in its entirety and
replaced with the following language:
"g. Company will complete construction of Phase I on or before December
31, 2024 and Phase II on or before August 31, 2026."
The Corporation and the City agree to and shall abide by all terms and conditions of the original
Agreement and any previous amendments to that Agreement, to the extent they are not in conflict with
the terms of this Amendment.
aikAti APPROVED AS TO LEGAL FORM:
Leah Olivarri Date
President _
Corpus Christi B Corporation Lt' VT/Z. 3
Assistant City Attorney Date
S • 06/„z a.o:). 3 •
Dr. Kingsley Okonkwo Date
Manager
Next Sports Company, LLC
C2023-121
6/27/2023
Next Sports Company LLC SCANNED