HomeMy WebLinkAbout029557 RES - 07/10/2012Page 1 of 3
Resolution
Approving a Business Incentive Agreement for the creation and
retention of. jobs between the Corpus Christi Business and Job
Development Corporation and Majek Boatworks, Inc. ("Majek") and
Turner-Majek Real Estate, LLC ("Turner-Majek LLC"), which provides
a grant of up to $150,000, for expansion of their existing
manufacturing facilities within the city of Corpus Christi, in which
Majek and Turner-Majek LLC will invest at least $1,050,000 in
building improvements, furniture, fixtures, and equipment and will
retain at least 24 current full-time jobs with an average annual salary
of at least $24,300 over a five year period and the creation and
maintenance of additional full-time jobs with an average annual
salary of at least $24,300 over a five year period; approving a grant to
Majek and Turner-Majek LLC of up to $210,000 for the improvement
of Saluki Street reserve to a dedicated city street constructed to the
Rodd Field Public Improvement District street standards, and
authorizing the City Manager, or designee, to execute a Business
Incentive Project Support Agreement with the Corpus Christi
Business and Job Development Corporation regarding
implementation and administration of the Majek and Turner-Majek
LLC Business Incentive Agreement for the creation and retention of
jobs
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 Majek and
Turner-Majek LLC, for expansion of their existing manufacturing facilities within the City,
in which Majek and Turner-Majek LLC will invest at least $1,050,000 in building
improvements, furniture, fixtures, and equipment and will retain at least 24 current full-
time jobs with an average annual salary of at least $24,300 over a five year period, and
will create and maintain additional full-time jobs with an average annual salary of at
least $24,300 over a five year period, will best satisfy this goal;
Whereas, Majek and Turner-Majek LLC need to have a street reserve adjacent to their
property ("Saluki Street") improved to the Rodd Field Public Improvement District street
standards to allow for the transportation of their products and to improve the access for
their customers;
Whereas, City Council deems that it is the best interest of the City and citizens to
approve the business incentive agreement for the creation and retention of jobs
between the Type A Corporation and Majek and Turner-Majek LLC;
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029557
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Whereas, City Council deems that it is the best interest of the City and citizens to
approve the business incentive agreement for the improvement of a City owned street
reserve to a City street, to be named Saluki Street, between the Type A Corporation
and Majek and Turner-Majek LLC; and
Whereas, there is a need for a business incentive project support agreement between
the City and the Type A Corporation for the implementation and administration of the
business incentive agreement for the creation and retention of jobs between the Type A
Corporation and Majek and Turner-Majek LLC.
Now, therefore, be it resolved by the City Council of the City of Corpus Christi,
Texas:
SECTION 1. That the business incentive agreement for the creation and retention of
jobs between the Type A Corporation and Majek and Turner-Majek LLC that provides
for expansion of their existing manufacturing facilities within the City of Corpus Christi,
and for the improvement of a City owned street reserve to a City street, to be named
Saluki Street, which is attached to this resolution as Exhibit A, is approved.
SECTION 2. That the City Manager, or designee, is authorized to execute a project
support agreement between the City and Type A Corporation for the implementation
and administration of the business incentive agreement with Majek, which is attached to
this resolution as Exhibit B.
ATTEST: THE CITY OF CORPUS CHRISTI
1())n,--c.)4--..T:
Armando Chapa
City Secretary
kj
APPROVED: 1(1 day of
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, 2012.
Joe Adgme- -
Mayor
Corpus Christi, Texas
1 tJ of
, 2012
The above resolution was passed by the following vote:
Joe Adame
Chris N. Adler
Kelley Allen.
Larry Elizondo, Sr.
Priscilla G. Leal
David Loeb
John E. Marez
Nelda Martinez
Mark Scott
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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: July 10, 2012
Agenda Item:
Resolution approving a Business Incentive Agreement for the creation and retention of jobs
between the Corpus Christi Business and Job Development Corporation and Majek Boatworks,
Inc. ("Majek") and Turner-Majek Real Estate, LLC ("Turner-Majek LLC"), which provides a grant
of up to $150,000, for expansion of their existing manufacturing facilities within the city of
Corpus Christi, in which Majek and Turner-Majek LLC will invest at least $1,050,000 in building
improvements, furniture, fixtures, and equipmentand will retain at least 24 current full-time jobs
with an average annual salary of at least $24,300 over a five year period and the creation and
maintenance of additional full-time jobs with an average annual salary of at least $24,300 over a
five year period; approving a grant to Majek and Turner-Majek LLC of up to $210,000 for the
improvement of Saluki Street reserve to a dedicated city street constructed to the Rodd Field
Public Improvement District street standards, and authorizing the City Manager, or. designee, to
execute a Business Incentive Project Support Agreement with the Corpus Christi Business and
Job Development Corporation regarding implementation and administration of the Majek and
Turner-Majek LLC Business Incentive Agreement for the creation and retention of jobs
Amount Required:
360,000
Fund Name
Account No.
Fund No.
Org. No.
Project No.
Amount
CCBJDC
530000
1140
15010
$360,000
Total
$
['Certification Not Required
Director of Financial Services
Date: 7 9 _ i Z