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HomeMy WebLinkAbout029304 RES - 12/06/2011Page 1 of 3 Resolution approving the Business Incentive Agreement between the Corpus Christi Business and Job Development Corporation ("Type A Board") and Associated Builders & Contractors Merit Shop Training Program, Inc. dba Craft Training Center of the Coastal Bend ("Craft"), which provides a grant of $1,750,000 for expansion of Craft's existing facility; and authorizing the City Manager or designee to execute the Business Incentive Project Service Agreement with the Type A Board for the implementation and administration of the Business incentive Agreement. WHEREAS, the Type A Board has budgeted funds to assist businesses in the City of Corpus Christi, Texas ('City"); WHEREAS, the ballot measure that authorized a sales tax for the promotion and expansion of business enterprises in the City also authorized the use of funds for grants to organizations in the City to provide training and education to ensure that the knowledge and skills required for the jobs of the future are in place; WHEREAS, the Business Incentive Project Service Agreement between the City and the Type A Board provides for the implementation and administration of the Business Incentive Agreement between the Type A Board and Craft, which provides a grant of $1,750,000 for expansion of Craft's existing facility; and WHEREAS, the City Council has determined that it is in the best interest of the City and its residents to approve the Business Incentive Project Service Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. That the Business Incentive Agreement, which is attached to this Resolution as Exhibit A, between the Type A Board and Craft, which provides a grant of $1,750,000 for expansion of Craft's existing facility, is approved. SECTION 2. That the City Manager or designee is authorized to execute the Business Incentive Project Service Agreement, which is attached to this Resolution as Exhibit B, with the Type A Board for the implementation and administration of the Business Incentive Agreement. Attest: City of Corpus Christi 6ry\-9y.o Armando Chapa City Secretary Joe dame Mayor 020304 INDEXED 7 Page 2of3 Approved: 3 t day of 0 c. -+06.e. , 2011. L. Brian Narvaez Assistant City Attorney For City Attorney Corpus Christi, Texas Page 3 of 3 tel- of D , 2011 The above resolution was passed by the following vote: Joe Adame Chris N. Adler Larry Elizondo, Sr. Kevin Kieschnick Priscilla Leal David Loeb John Marez Nelda Martinez Mark Scott CLAILl Cti/A �F (1V-# 029304 BUSINESS INCENTIVE PROJECT SERVICE AGREEMENT ASSOCIATED BUILDERS & CONTRACTORS MERIT SHOP TRAINING PROGRAM, INC. DBA CRAFT TRAINING CENTER OF THE COASTAL BEND This Business Incentive Project Service Agreement ("Project Service Agreement") is entered into between the Corpus Christi Business and Job Development Corporation ("Corporation") and the City of Corpus Christi, Texas ("City"). WHEREAS, the Texas Development Corporation Act, now codified as Title 12, Subtitle C1 (Chapters 501 — 507) of the Texas Local Government Code, empowered local communities with the ability to adopt an optional local sales and use tax as a means of improving the economic health and prosperity of their residents; WHEREAS, on November 5, 2002, residents of the City passed Proposition 2, New and Expanded Business Enterprises, which authorized the adoption of a sales and use tax for the promotion and development of new and expanded business enterprises 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 enacted by the City Council and filed with the Texas Comptroller, effective April 1, 2003, to be administered by the Corporation's Board of Directors ("Board"); WHEREAS, the Corporation exists for the purposes of encouraging and assisting entities in the creation of jobs for the residents of the City; WHEREAS, the Board amended the Corporation's Guidelines and Criteria for Granting Business Incentives ("Guidelines") on October 18, 2010; WHEREAS, Section 501 073 of the Texas Local Government Code, requires the City Council to approve all programs and expenditures of the Corporation; WHEREAS, the City Council approved the amended Guidelines on November 9, 2010; WHEREAS, Associated Builders & Contractors Merit Shop Training Program, Inc. dba Craft Training Center of the Coastal Bend ("Craft") has submitted a proposal to the Corporation for a grant, that can be up to $1,750,000 depending on its actual investment, to expand and improve its existing facility and to purchase fixtures, furnishings, and instructional equipment; WHEREAS, the Board has determined that it is in the best interests of the residents of the City to provide business development funds to Craft; and WHEREAS, the Corporation and Craft have executed that certain Business Incentive Agreement Between the Corporation and Craft for the creation of jobs ("Business Incentive Agreement"). In consideration of the covenants, promises, and conditions stated in this Project Service Agreement, the Corporation and the City hereby agree as follows: Page 1 of 3 1. Project Service Agreement to Implement Business Incentives Agreement. This Project Service Agreement between the City and the Corporation is executed to implement the Business Incentive Agreement. 2. Term. The term of this Project Service Agreement runs concurrently with the term of the Business Incentive Agreement. 3. Services to be Provided by City. a. The City Manager, or the City Manager's designee, shall administer funding on behalf of the Corporation. b. The City Manager, or the City Manager's designee, shall perform contract administration responsibilities outlined in the Business Incentive Agreement for the Corporation. 4. Appropriation of Funds. Any future payments by the City are subject to appropriation of funds by the City Council. 5. Effective Date. The effective date of this Project Service Agreement is the latest date that either party executes this Project Service Agreement. 6. Amendments or Modifications. No amendments or modifications to this Project Service 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. 7. Severability. a. If for any reason, any section, paragraph, subdivision, clause, provision, phrase or word of this Project Service Agreement or the application of this Project Service Agreement to any person or circumstance is, to any extent, held illegal, invalid, or unenforceable under present or future law or by a final judgment of a court of competent jurisdiction, then the remainder of this Project Service Agreement, or the application of the term or provision to persons or circumstances other than those as to which it is held illegal, invalid, or unenforceable, will not be affected by the law or judgment, for it is the definite intent of the parties to this Project Service Agreement that every section, paragraph, subdivision, clause, provision, phrase, or word of this Project Service Agreement be given full force and effect for its purpose. b. To the extent that any clause or provision is held illegal, invalid, or unenforceable under present or future law effective during the term of this Project Service Agreement, then the remainder of this Project Service Agreement is not affected by the law, and in lieu of any illegal, invalid, or unenforceable clause or provision, a clause or provision, as similar in terms to the illegal, invalid, or unenforceable clause or provision as may Page 2 of 3 be possible and be legal, valid, and enforceable, will be added to this Project Service Agreement automatically. 8. Captions. The captions in this Project Service Agreement are for convenience only and are not a part of this Project Service Agreement. The captions do not in any way limit or amplify the terms and provisions of this Project Service Agreement. CITY OF CORPUS CHRISTI, TEXAS CORPUS CHRISTI BUSINESS & JOB DEVELOPMENT CORPORATION Ronald L. Olson Eloy Salazar City Manager President Date: Date: Attest Armando Chapa City Secretary Approved as to Legal Form: , 2011. L. Brian Narvaez Assistant City Attorney for City Attorney Page 3 of 3 BUSINESS INCENTIVE AGREEMENT BETWEEN THE CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION AND ASSOCIATED BUILDERS & CONTRACTORS MERIT SHOP TRAINING PROGRAM, INC. DBA CRAFT TRAINING CENTER OF THE COASTAL BEND FOR EXPANSION OF THEIR TRAINING FACILITY IN CORPUS CHRISTI This Business Incentive Agreement for ("Agreement") is entered into between the Corpus Christi Business and Job Development Corporation ("Corporation") and Associated Builders & Contractors Merit Shop Training Program, Inc., a Texas non- profit corporation, doing business as Craft Training Center of the Coastal Bend ("CTCCB"). WHEREAS, the Texas Development Corporation Act("Act"), now codified as Title 12, Subtitle C1 (Chapters 501-507) of the Texas Local Government Code, empowered local communities with the ability to adopt an optional local sales and use tax as a means of improving the economic health and prosperity of their residents; 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 for the promotion and development of new and expanded business enterprises at the rate of one-eighth of one percent to be imposed for 15 years; WHEREAS, the 118th cent sales tax authorized by passage of Proposition 2 was subsequently enacted by the City Council and filed with the Texas Comptroller, effective April 1, 2003, to be administered by the Corporation's Board of Directors ("Board"); WHEREAS, the ordinance adopting the 118th cent sales tax specifically provided that the funds could be used to make grants to organizations to provide training, retraining, and education to insure the knowledge and skills required for the jobs of the future are in place; WHEREAS, the Corporation exists for the purposes of encouraging and assisting entities in the creation of jobs for the City's residents; WHEREAS, the Board amended the Corporation's Guidelines and Criteria for Granting Business Incentives ("Corporation Guidelines") on October 18, 2010; WHEREAS, Section 501.073 of the Texas Local Government Code requires the City Council to approve all programs and expenditures of the Corporation; WHEREAS, the City Council approved the amended Corporation Guidelines on November 9, 2010; WHEREAS, CTCCB was formed in 1988 in conjunction with industry partners as a place where area residents could get the skills required to qualify for work in local industrial companies; Page 1 of 9 2011-10-03 LBN BUSINESS INCENTIVE AGREEMENT - Craft WHEREAS, CTCCB currently has an enrollment of over 400 students that are receiving training in an industrial curricula and conducts 1,500 assessments per year for employment at local industrial companies ; WHEREAS, CTCCB intends to expand its existing training program by adding the new training stations and new classes at its Corpus Christi location on Leopard Street ("Facility"), which will allow it to increase their enrollment by up to 50% and train more students for employment in the local industries; WHEREAS, the proposed grant from the Corporation will further CTCCB's mission of education and economic development; WHEREAS, the local industry produces meaningful, wealth producing jobs that bring in dollars from outside of the City into the City; and WHEREAS, CTCCB proposes to invest at least $3,500,000 over a two year period to increase and expand its training facility in the City; In consideration of the covenants, promises, and conditions stated in this Agreement, the Corporation and CTCCB agree as follows: 1. Effective Date. The effective date of this Agreement ("Effective Date") is the latest date that either party executes this Agreement. 2. Term. The term of this Agreement is for five years beginning on the Effective Date. 3. Performance Requirements and Grants. a. CTCCB shall expand its Facility to add additional training space in order to expand its existing programs and to develop new programs needed by local and regional employers. b. CTCCB shall invest at least $3,500,000 in the expansion of its Facility to be used for training students and CTCCB shall annually report its actual investments at the Facility and provide documentation to support its report to the Corporation. c. The Corporation will reimburse CTCCB for the costs incurred by CTCCB to expand and improve its Facility in the City, including the purchase of fixtures, furnishings, and instructional equipment. The amount reimbursed by the Corporation may not exceed $1,750,000. d. On the annual anniversary of the Effective Date of this Agreement, CTCCB shall report to the Corporation the total number of students enrolled and the total number of course graduates placed with area industry within the City and the industrial districts in jobs requiring training provided by CTCCB through their facilities on Leopard Street and the average starting annual salaries paid by each employer within Corpus Christi during the previous year. Page 2 of 9 2011-10-03 LBN BUSINESS INCENTIVE AGREEMENT - Craft 4. Job Creation Qualification. a. In order to count as a created job under this Agreement, the job must pay wages as required by Section 501.162 of the Texas Local Government Code, as amended, which is the median wage of the occupation in the Corpus Christi MSA as determined by Texas Workforce Commission's Texas Industry Profiles report. b. A full-time permanent job is one that provides at least 2,080 hours annually. 5. Buy Local Provision. a. CTCCB agrees to use its best efforts to give preference and priority to local manufacturers, suppliers, contractors, and labor, except where not reasonably possible to do so without added expense, substantial inconvenience, or sacrifice in operating efficiency. b. For the purposes of this section, the term "local" as used to describe manufacturers, suppliers, contractors, and labor includes firms, businesses, and persons who reside in or maintain an office within a fifty (50) mile radius of Nueces County. 6. Warranties. CTCCB warrants and represents to the Corporation the following: a. CTCCB is a corporation duly organized, validly existing, and in good standing under the laws of the State of Texas, and has all corporate power and authority to carry on its business as presently conducted in the City. b. CTCCB has the authority to enter into and perform, and will perform, the terms of this Agreement to the best of its ability. c. CTCCB has timely filed and will timely file all local, state, and federal tax reports and returns required by law to be filed, and all taxes, assessments, fees, and other governmental charges, including applicable ad valorem taxes, have been timely paid, and will be timely paid , during the term of this Agreement. d. CTCCB has access to the Act, and acknowledges that the funds granted in this Agreement must be utilized solely for purposes authorized under state law and by the terms of this Agreement. e. The parties executing this Agreement on behalf of CTCCB are duly authorized to execute this Agreement on behalf of CTCCB. 7. Compliance with Laws. CTCCB shall observe and obey all applicable federal, state, and local laws, ordinances, regulations, and rules. 8. Non -Discrimination. CTCCB covenants and agrees that CTCCB will not discriminate nor permit discrimination against any person or group of persons, with regard to employment and the provision of services at, on, or in the Facility, on the grounds of Page 3 of 9 2011-10-03 LBN BUSINESS INCENTIVE AGREEMENT - Craft race, religion, national origin, marital status, sex, age, disability, or in any manner prohibited by the laws of the United States or the State of Texas. 9. Force Majeure. If the Corporation or CTCCB are prevented, wholly or in part, from fulfilling its obligations under this Agreement by reason of any act of God, unavoidable accident, acts of enemies, fires, floods, governmental restraint or regulation, other causes of force majeure, or by reason of circumstances beyond its control, then the obligations of the Corporation or CTCCB are temporarily suspended during continuation of the force majeure. If either party's obligation is affected by any of the causes of force majeure, the party affected shall promptly notify the other party in writing, giving full particulars of the force majeure as soon as possible after the occurrence of the cause or causes relied upon. 10. Assignment. CTCCB may not assign all or any part of its rights, privileges, or duties under this Agreement without the prior written approval of the Corporation and the City. Any attempted assignment without approval is void, and constitutes a breach of this Agreement. 11. INDEMNITY. TO THE EXTENT AUTHORIZED BY LAW, CTCCB COVENANTS TO FULLY INDEMNIFY, SAVE, AND HOLD HARMLESS THE CORPORATION, THE CITY, AND THEIR RESPECTIVE OFFICERS, EMPLOYEES, AND AGENTS ("INDEMNITEES") AGAINST ALL LIABILITY, DAMAGE, LOSS, CLAIMS DEMANDS, AND ACTIONS OF ANY KIND ON ACCOUNT OF PERSONAL INJURIES (INCLUDING, WITHOUT LIMITING THE FOREGOING, WORKERS' COMPENSATION AND DEATH CLAIMS), OR PROPERTY LOSS OR DAMAGE OF ANY KIND, WHICH ARISE OUT OF OR ARE IN ANY MANNER CONNECTED WITH, OR ARE CLAIMED TO ARISE OUT OF OR BE IN ANY MANNER CONNECTED WITH CTCCB'S ACTIVITIES CONDUCTED UNDER OR INCIDENTAL TO THIS AGREEMENT, INCLUDING ANY INJURY, LOSS OR DAMAGE CAUSED BY THE SOLE OR CONTRIBUTORY NEGLIGENCE OF ANY OR ALL OF THE INDEMNITEES. CTCCB MUST, AT ITS OWN EXPENSE, INVESTIGATE ALL CLAIMS AND DEMANDS, ATTEND TO THEIR SETTLEMENT OR OTHER DISPOSITION, DEFEND ALL ACTIONS BASED ON THOSE CLAIMS AND DEMANDS WITH COUNSEL SATISFACTORY TO INDEMNITEES, AND PAY ALL CHARGES OF ATTORNEYS AND ALL OTHER COST AND EXPENSES OF ANY KIND ARISING FROM THE LIABILITY, DAMAGE, LOSS, CLAIMS, DEMANDS, OR ACTIONS. 12. Events of Default. The following events constitute a default of this Agreement: a. Failure of CTCCB to timely, fully, and completely comply with any one or more of the requirements, obligations, duties, terms, conditions, or warranties of this Agreement. b. The Corporation or the City determines that any representation or warranty on behalf of CTCCB contained in this Agreement or in any financial statement, certificate, report, or opinion submitted to the Corporation in connection with this Agreement was incorrect or misleading in any material respect when made. Page 4 of 9 2011-10-03 LBN BUSINESS INCENTIVE AGREEMENT - Craft c. Any judgment is assessed against CTCCB or any attachment or other levy against the property of CTCCB with respect to a claim remains unpaid, undischarged, or not dismissed for a period of 120 days. d. CTCCB makes an assignment for the benefit of its creditors. e. CTCCB files a petition in bankruptcy, or is adjudicated insolvent or bankrupt. f. The taxes owed by CTCCB become delinquent, and CTCCB fails to timely and properly follow the legal procedures for protest or contest. g. CTCCB changes the general character of its business as conducted as of the date this Agreement is approved by the Corporation. 13. Notice of Default. Should the Corporation or the City determine that CTCCB is in default according to the terms of this Agreement, the Corporation or City shall notify CTCCB in writing of the event of default and provide sixty (60) days from the date of the notice ("Cure Period") for CTCCB to cure the event of default. 14. Results of Uncured Default. After exhausting good faith attempts to address any default during the Cure Period, and taking into account any extenuating circumstances that might have occurred through no fault of CTCCB, as determined by the Board, the following actions must be taken for any default that remains uncured after the Cure Period. a. CTCCB shall immediately repay all funds paid by the Corporation under this Agreement. b. CTCCB shall pay the Corporation for the reasonable attorney fees and costs of court incurred by the Corporation to collect any amounts due under this Agreement. c. The Corporation shall have no further obligations to CTCCB under this Agreement. d. Neither the City nor the Corporation may be held liable for any consequential damages. e. The Corporation may pursue all remedies available under law. 15. No Waiver. a. No waiver of any covenant or condition, or the breach of any covenant or condition of this Agreement, constitutes a waiver of any subsequent breach of the covenant or condition of the Agreement. b. No waiver of any covenant or condition, or the breach of any covenant or condition of this Agreement, justifies or authorizes the nonobservance on any Page 5 of 9 2011-10-03 LBN BUSINESS INCENTIVE AGREEMENT - Craft other occasion of the covenant or condition or any other covenant or condition of this Agreement. c. Any waiver or indulgence of CTCCB's default may not be considered an estoppel against the Corporation. d. It is expressly understood that if at any time CTCCB is in default in any of its conditions or covenants of this Agreement, the failure on the part of the Corporation to promptly avail itself of the rights and remedies that the Corporation may have, will not be considered a waiver on the part of the Corporation, but the Corporation may at any time avail itself of any rights or remedies or elect to terminate this Agreement on account of the default. 16. Limitation of Liability. CTCCB specifically agrees that the Corporation shall only be liable to CTCCB for the actual amount of the money grants to be conveyed to CTCCB, and shall not be liable to CTCCB for any actual or consequential damages, direct or indirect, interest, attorney fees, or costs of court for any act of default by the Corporation under the terms of this Agreement. Payment by the Corporation is strictly limited to those funds so allocated, budgeted, and collected solely during the term of this Agreement. The Corporation shall use its reasonable best efforts to anticipate economic conditions and to budget accordingly. However, it is further understood and agreed that, should the actual total sales tax revenue collected for any one year be less than the total amount of grants to be paid to all contracting parties with the Corporation for that year, then in that event, all contracting parties shall receive only their pro rata share of the available sales tax revenue for that year, less the Corporation's customary and usual costs and expenses, as compared to each contracting party's grant amount for that year, and the Corporation shall not be liable to for any deficiency at that time or at any time in the future. In this event, the Corporation will provide all supporting documentation, as requested. Payments to be made shall also require a written request from CTCCB to be accompanied by all necessary supporting documentation. 17. Notices, a. Any required written notices shall be sent by United States certified mail, postage prepaid, addressed as follows: CTCCB: Craft Training Center of the Coastal Bend Attn: President 7433 Leopard Street Corpus Christi, Texas 78409 Page 6 of 9 2011-10-03 LBN BUSINESS INCENTIVE AGREEMENT - Craft Corporation: City of Corpus Christi Business and Job Development Corporation Attn.: Executive Director 1201 Leopard Street Corpus Christi, Texas 78401 b. A copy of all notices and correspondence must be sent to the City at the following address: City of Corpus Christi Attn.: City Manager P.O. Box 9277 Corpus Christi, Texas 78469-9277 c. Notice is effective upon deposit in the United States mail if sent in the manner provided above. 18. Incorporation of other documents. The Corporation Guidelines , as amended, are incorporated into this Agreement. 19. Amendments or Modifications. 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. 20. Relationship of Parties. In performing this Agreement, both the Corporation and CTCCB will act in an individual capacity, and not as agents, representatives, employees, employers, partners, joint -venturers, or associates of one another. The employees or agents of either party may not be, nor be construed to be, the employees or agents of the other party for any purpose. • 21. Captions. The captions in this Agreement are for convenience only and are not a part of this Agreement. The captions do not in any way limit or amplify the terms and provisions of this Agreement. 22. Severability. a. If for any reason, any section, paragraph, subdivision, clause, provision, phrase or word of this Agreement or the application of this Agreement to any person or circumstance is, to any extent, held illegal, invalid, or unenforceable under present or future law or by a final judgment of a court of competent jurisdiction, then the remainder of this Agreement, or the application of the term or provision to persons or circumstances other than those as to which it is held illegal, invalid, or unenforceable, will not be affected by the law or judgment, for it is the definite intent of the parties to this Agreement that every section, paragraph, subdivision, clause, provision, phrase, or word of this Agreement be given full force and effect for its purpose. Page .7 of 9 2011-10-03 LBN BUSINESS INCENTIVE AGREEMENT -Craft b. To the extent that any clause or provision is held illegal, invalid, or unenforceable under present or future law effective during the term of this Agreement, then the remainder of this Agreement is not affected by the law, and in lieu of any illegal, invalid, or unenforceable clause or provision, a clause or provision, as similar in terms to the illegal, invalid, or unenforceable clause or provision as may be possible and be legal, valid, and enforceable, will be added to this Agreement automatically. 23. Venue. Venue for any legal action related to this Agreement is in Nueces County, Texas. 24. Sole Agreement. This Agreement constitutes the sole agreement between the Corporation and CTCCB. Any prior agreements, promises, negotiations, or representations, verbal or otherwise, not expressly stated in this Agreement, are of no force and effect. 25. Survival of Terms of Agreement and Obligations of Parties. The terms of this agreement and the obligation of the parties relating to Section s14. a and 14.b shall survive the termination of this Agreement. Corpus Christi Business & Job Development Corporation By: Date: Attest: By: Eloy Salazar President Armando Chapa Assistant Secretary Page8of9 2011-10-03 LBN BUSINESS INCENTIVE AGREEMENT - Craft Associated Builders & Contractors Merit Shop Training Program, Inc. dba Craft Training Center of the Coastal Bend By: Anne Matula President Date: ..r"4:e—t-9 3/, -2. o f THE STATE OF TEXAS COUNTY OF NUECES Writ) This instrument was acknowledged before me on Writ) Jl , 2011, by Anne Matula, as President of Associated Builders & Contractors Merit Shop Training Program, Inc. dba Craft Training Center of the Coastal Bend, a Texas non-profit corporation, on behalf of said corporation. Notary Public State of Texas Page 9 of 9 2011-10-03 LBN BUSINESS INCENTIVE AGREEMENT - Craft `.,„„11111111114„, SANeh, ., zr r`tw�` 6rt �� taitit2�����\r� CITY OF CORPUS CHRISTI CERTIFICATION OF FUNDS (City Charter Article IV, Sections 7 & 8) e Director of Financial Services of the City of Corpus Christi, Texas (or his/her duly authorized rresentative),.hereby certify to the City Council and other appropriate officers that the money required for the urrent;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 r any other purpose. Future payments are subject to annual appropriation by the City Council. Council Action Date: December 6, 2011 esolution approving the Business Incentive Agreement between the Corpus Christi Business and b Development Corporation ("Type A Board") and Associated Builders & Contractors Merit Shop raining Program, Inc. dba Craft Training Center of the Coastal Bend ("Craft"), which provides a grant ;$1,750,000` for expansion of Craft's existing facility; and authorizing the City Manager or designee :execute the Business Incentive. Project Service Agreement with the Type A Board for the plementation and administration of the Business Incentive Agreement. Fund Name CCBJDB Account No. 530000 Total. Certification Not Required Fund No. 1140 Org. No. 15010 Project No. Amount $1,750,000 $1,750,000 Interim Director of Financial Services Date: November 1, 2011 tib �k, t1 6tict