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Home My WebLink About027531 RES - 12/11/2007Pagel f2 A RESOLUTION AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO EXECUTE A PROJECT AGREEMENT WITH THE CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT T COF POF ATIOI REGARDING IMPLEMENTATIOI AND ADMINISTRATION OF THE AGREEMENT TO GRANT BUSINESS INCENTIVES TO TEXAS ASM UNIVERSITY—CORPUS CHRISTI FOR AN INTERN PROGRAM TO ASSIST SMALL BUSINESSES IN CORPUS CHRISTI ISTI WHEREAS, there is a need for a project agreement between the City of Corpus Christi and the Corpus Christi Business and Job Development Corporation for the implementation and administration of the business incentive agreement with Texas A&M University—Corpus Christi (A&M -CC) for an intern program to assist small businesses in Corpus Christi. NOW, THEREFORE, BE IT RESOLVED E Y THE CITY COUNCIL OF THE CITY OF CORPUS S CHRISTI, TEXAS: SECTION 1. That the City Manager er or his designee is authorized to execute the project agreement between the City of Corpus Christi and the Corpus Christi Business and Job Development Corporation for the implementation and administration of the business incentive agreement with A&M -CC for an intern program to assist small businesses in Corpus Christi, which is attached hereto. Armando Chapa City Secretary APPROVED as to form: December 5, 2007 G : r . Smith Assistant City Attorney For the City Attorney CI F CORPU CHRISTI ,edr enry Ga ett Mayor 027531 R\Shared\ ary \agenda\2007\12-111Res-Prof otAgmt-4ABd-A&M.doo Paget of2 w Corpus Christi, Texas IA f 2007 The above resolution was passed by the following vote: Henry Garrett Melody Cooper Larry Eli en e, Sr. Mike Hummel) Bill Kelly Priscilla G. Leal John E. Marez Nelda Martinez Michael McCutchon ---o- 027531 H:\LE -DIR1 hared\ ry \ and 1 007\1 -11\ es-Prooje to mt-4ABd-A&IIS.do BUSINESS INCENTIVES PROJECT AGREEMENT t Agreement(11 Agreement" is entered into This �u�ne Inent�e� �'�Project�� bten the Cr Chriti BuNne endJob evele rent Corporation(Corporatiofl") and the City of Corpus Christi, Texas "City". WHEREAS, the Texas Legislature in Section 4A of Article 5190.6, Vernon's Texas Corporation Act of 1979)empowered �rered local Revised Civil Statutes� optional toad sales and usetax as meansa�n� communities with the ability to adopt an of improving the economic health and prosperity of their citizens; WHEREAS, on November 5, 2002, residents of the City of Corpus Christi ("City") passed Proposition 2, New and Expanded Business Enterprises, which authorized the adoption of a sales and use tax promotion the and development of new and expanded businessenterprises at the rate of one-eighth of one percent to be imposed for 15 years, WHEREAS, the 1/8 cent sales tax authorized by passage of Proposition 2 was subsequently enactby the City Council it and filed with the State Comptroller of Texas, eeffective • April 1, 2003, to be administered by the Corporation's Board of Directors; WHEREAS, the Corporation exists for the purposes of encouraging and assisting entities in theJ creation of 'obs for the citizens of Corpus Christi, Texas; WHEREAS, the Board of Directors of the Corporation ("Board"), on September 10, 2007, amended the Corporation's Guidelines and Criteria for Granting Business Incentives; Development Corporation Act of �l , Art.. 51 90.6, WHEREAS, Section 21 of the Texas � Statutes,requires the City Council to approve all Vernon'sTexasRevised Civil � programs and expenditures of the Corporation; the Cor WHEREAS, the CityCouncilapprovedoration's amended Guidelines and p Criteria for Granting Business Incentives on September 18, 2007; WHEREAS, Texas A&M University —Corpus -_Cor u Christi has submitted a proposal to the Corporation to request business incentives of approximately $125,929 to be used to assist Texas A&M University—Corpus ' —Corpu Christi in its operation of the internship program to assist smallm business employers in the City of Corpus Christi; p WHEREAS, the Board has determined that it is in the best interests of the citizens of Corpus Christi, Texas that business incentives be offered to Texas A&M University— _ Corpus Christi WHEREAS, the Corporation and TexasA&M niversit-Crpus Christi have executed anagreement to grant business incentives to TexasA&MUniversity—Corpus Christi fo r the creation ofjobs toassist small business employers (Business Incentives Agreement). TAMUCC Project Agreement 4A -City 0711.13.doc. In co nsideration of the covenants, promises, and conditions stated in this Project Agreement, the Corporation and the City agree as follows: 1. Project Agreement to Implement Business Incentives Agreement This Project Agreement between the Cityand the Corporation is executed to implement the Agreement to G rant Business Incentives to Texas A&M University --Corpus Christi for the Creation of Jobs to assist small business employers between the Corporation and Texas A&M University—Corpus Christi 2. Term. The term of this Project Agreement runs concurrently with the term of the Business Incentives Agreement. 3. Services to be Provided by City. City a. The fit Manager, or the City Manager's designee, shall administer fnding on behalf of the Corporation. b. The City Manager, er or the City Manager's designee, shall perform contract administration nistrato i n responsibilities outlined in the Business Incentives Agreement for � the Corporation. 4. Appropriation of Funds. Any future payments by the City are subject to appropriation of funds by City's Council. 5. Effective Date. The effective date of this Project Agreement is the latest date that either party executes this Agreement. 6. Amendments or Modifications. No amendments or modifications to this Project Agreement made, nor anyprovision waived, unless in writing signed by a person dulyauthorized to sign agreements on behalf of each party. 7. Severability. reason, a. If for anyany section, paragraph, subdivision, clause, provision, phrase 1 or word of this Project Agreement or the application of this Project Agreement to n person or circumstance is, to any extent, held illegal, invalid, or y unenforceable under present or future law or by a final judgment of a court of competent jurisdiction. then the remainder of this Project Agreement, or the application of the term or provision to persons or circumstances other than those as to which g itis held illegal, invalid, or unenforceable, will not be affected by the law orjudgment,for it is the definite intent of the parties to this Project that everysection, paragraph, subdivision, clause, provision, phrase, Agreement or1 Agreement word of this Project A reement be given full force and effect for its purpose. provision To the extent that any or clause is held illegal, invalid, or unenforceable under present or future law effective during the term of this Project then the remainder of this Project Agreement is not affected by the Agreement, law,any and in lieu of illegal, invalid, or unenforceable clause or provision, a TAMUCC Project Agreement 4A -City 071113.doc �y _ _. A..f.ara aarylA1,PitVnriiinme. clause or . provision, as similaron,theillegal, invalid, or unenforceable ! terms clause or provision as may be possible be legal, valid, and enforceable, will be added to this Project Agreement automatically. Agreement are for convenience only andare . Captions. �o Thecaptions in thisProject partProject a of this Agreement. The a do ns o got in ars way limit or amplify the terms and ro i io s of this Project Agreement. - torp Christi Business TheCityofCorpusChristi Job Development Corporation George K. Noe City Manager Date: Date. Attest Armando Chapa City Secretary ttutoLLA IT WICK SECRETARY Legal Form this 5t!_day ofDecember, 2007. Approved as to CA. Ga' Smith Assistant City Attorney for City Attorney m4v TAMUCC Proiect Agreement 4f -CiI 07 11 7 .doc 1A I .itr fti t t rine