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Home My WebLink About027740 RES - 06/24/2008Page 1 of 2 A RESOLUTION APPROVING THE FIRST AMENDMENT TO CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION'S AGREEMENT TO GRANT BUSINESS INCENTIVES TO TEXAS A&M UNIVERSITY—CORPUS CHRISTI FOR THE RETENTION OF JOBS WHEREAS, on January 8, 2008, the Corpus Christi Business and Job Development Corporation ("4A Board") and Texas A&M University—Corpus Christi ("A&M -CC") to executed an Agreement to Grant Business Incentives to Texas A & M University – Corpus Christi for the Retention of Jobs, which granted $125,929 in business incentives to A&M -CC for a student intern program to assist small businesses in Corpus Christi; and WHEREAS, adjustments to the implementation schedule are necessary, since A&M -CC was not able to fully implement the program during the Spring semester in 2008; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. That the First Amendment to the Agreement to Grant Business Incentives to Texas A & M University – Corpus Christi for the Retention of Jobs between the 4A Board and A&M -CC, which is attached to this resolution, is approved. ATTEST: Armando Chapa City Secretary APPROVED as to form: June 9, 2008 R. Jay Retning First Assistant City Attorney For the City Attorney Res -A&M Incentives-lst Amendment CITY OF CORPUS CHRISTI Henry Garr tt Mayor 027740 Corpus Christi, Texas of June, 2008 The above resolution was passed by the following vote: Henry Garrett Melody Cooper yj r Larry Elizondo, Sr. 05(14 Mike Hummel! Bill Kelly Priscilla G. Leal John E. Marez Nelda Martinez Michael McCutchon Res -A&M Incentives -1st Amendment 027740 Page 2 of 2 t l FIRST AMENDMENT TO AGREEMENT TO GRANT BUSINESS INCENTIVES TO TEXAS A&M UNIVERSITY—CORPUS CHRISTI FOR THE RETENTION OF JOBS A. The Agreement to Grant Business Incentives for the Retention of Jobs ("Agreement") between the Corpus Christi Business and Job Development Corporation ("Corporation") and Texas A&M University—Corpus Christi, ("TAMU-CC"), last executed on January 8, 2008, is amended as follows: 1. The third paragraph of Section 1.2 is revised to read as follows: "The program will commence in the spring semester of 2008, continuing through the fall semester of 2008, and concluding with the spring semester of 2009. Seventy intern positions are to be provided. The grant amount is $125,929, with $107,520 being used for intern matching funds which will be equally matched by the small businesses' contributions. The $18,409 is for two half-time intern positions for three spring semesters of 2008 and 2009 and one half-time intern position during the summer session of 2008 and fall semester of 2008 within the Office of Career Services to assist with administration and evaluation of the program. It is anticipated that 4,5up to two interns will be used in spring semester of 2008, 13 interns will be used in the summer session of 2008, 25 interns in the fall semester of 2008, and 30 interns in the spring semester of 2009. The performance requirements shall be continuously maintained during the entire term of this agreement." 2. Schedule A of Section 2.1.1 is revised to read as follows: SCHEDULE A TAMU-CC's CONDITIONS PRECEDENT AND PERFORMANCE REQUIREMENTS TAMU-CC's TIME OF PERFORMANCE CORPORATION's PERFORMANCE REQUIREMENTS Placement of approximately 4-5 two (2) interns with small 15, 2008 May 30, 2008 , TAMU-GG $8,491 payable businesses in Corpus Christi, placement based on the needs of the small business with the goal of providing the business with resources that make the business more effective and/or provide growth opportunities. The primary goal of the program is to provide support to small no later than June 15, 2008 Page 1 of 6 TAMUCC Development Agreement Amendment 061708.doc businesses in Corpus Christi that will encourage growth, retention, economic development and job creation. Employment of two interns for 20 hours per week and 12 weeks per semester during the Spring Semester of 2008, within the Office of Career Services to assist with administration and evaluation of the program. Placement of up to 13 August 15, 2008 Up to $21,094 payable no interns with small later than September 15, businesses in Corpus 2008 Christi, placement based on the needs of the small business with the goal of providing the business with resources that make the business more effective and/or provide growth opportunities. The primary goal of the program is to provide support to small businesses in Corpus Christi that will encourage growth, retention, economic development and job creation. Employment of one intern for 20 hours per week and 12 weeks per semester during the Summer Session of 2008, within the Office of Career Services to assist with administration and evaluation of the program. Placement ofapproximately up to 25 interns with small Augus 15 throu December 31, 2008 , businesses in Corpus Christi, placement based on the needs of the small business with the goal of upon invoices received Up to $42,242.55 payable no later Page 2 of 6 TAMUCC Development Agreement Amendment 061708.doc providing the business with resources that make the business more effective and/or provide growth opportunities. The primary goal of the program is to provide support to small businesses in Corpus Christi that will encourage growth, retention, economic development and job creation. Employment of two one interns for 20 than January 15, 2009 hours per week and 12 weeks per semester during the Spring Semester of 2008, within the Office of Career Services to assist with administration and evaluation of the program. Placement of approximately up to 30 interns with small 15209May 30, 2009 businesses in Corpus Christi, placement based on the needs of the small business with the goal of providing the business with resources that make the business more effective and/or provide growth opportunities. The primary goal of the program is to provide support to small businesses in Corpus Christi that will encourage growth, retention, economic development and job creation. Employment of two interns for 20 hours per week and 12 weeks per semester during the Spring Semester of 2008, within the Office of Career Services to assist with administration and , fromUp to $54,101.45 payable no later than June 15, 2009 Page 3 of 6 TAMUCC Development Agreement Amendment 061706.doc evaluation of the program. 3. Schedule C of Section 2.2.2 is revised to read as follows: SCHEDULE C TAMU-CC's PERFORMANCE REQUIREMENTS TAMU-CC's TIME OF PERFORMANCE Create and maintain not Tess than two intern (2) employment positions to assist in the small business employer intern program for its facility in Corpus Christi, Nueces County, Texas, with an hourly wage of $11.70 per hour, plus personnel costs during the Spring Semester of 2008. January 15 through May 15, 2008 Create and maintain not less than one May 15 through August 15, 2008 intern (1) employment position to assist in the small business employer intern program for its facility in Corpus Christi, Nueces County, Texas, with an hourly wage of $11.70 per hour, plus personnel costs during the Summer Session of 2008. Create and maintain not Tess than one August 15 through December 4531, 2008 and January 15 through May 4530, 2009 intern (1) employment position during the Fall 2008 semester and not less than two intern (2) employment positions during the Spring 2009 semester to assist in the small business employer intern program for its facility in Corpus Christi, Nueces County, Texas, with an hourly wage of $13.10 per hour plus personnel costs during the Fall Semester of 2008 and Spring Semester of 2009. Page 4 of 6 TAMUCC Development Agreement Amendment 061708.doc 4. Section 9.10 is revised to read as follows: "9.10 Amendments or Modifications. ".1 No amendments or modifications to this Agreement may be made, nor any provision waived, unless in writing signed by a person duly authorized to sign agreements on behalf of each party. ".2 The City's Director, Economic Development, and TAMU-CC's Dean of Outreach are authorized to agree by exchange of letters to minor amendments to this Agreement that reallocate the number of interns and periods of time during which interns will be employed under the Agreement, and the amount of reimbursement for the period. However, the minor amendments may not result in an increase in the total expenses eligible to be reimbursed under this agreement." B. This amendment to the Agreement takes effect on the latest date that either party executes this amendment C. This amendment does not effect the term of the Agreement. D. Any provision of the Agreement that is not expressly amended by this amendment remains unchanged and in full force and effect. E. This amendment to the Agreement may be executed in any number of counterparts, each of which shall be deemed an original and constitute one and the same instrument. EXECUTED on the date shown opposite the signature of each party. Corpus Christi Business & Job Development Corporation By: Date: Attest By: Eloy Salazar, Chairperson Armando Chapa, Assistant Secretary Page 5 of 6 TAMUCC Development Agreement Amendment 061708.doc Texas A&M University—Corpus Christi By: Jim Needham, Dean of Community Outreach Date: Attest: By: Title: Page 6 of 6 TAMUCC Development Agreement Amendment 061708.doc