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HomeMy WebLinkAbout029593 RES - 08/21/2012Page 1 of 2 RESOLUTION Resolution approving a Small Business Incentives Agreement between the Corpus Christi Business and Job Development Corporation and the Corpus Christi Regional Economic Development Corporation ("EDC") to provide grant amount up to $96,000 to initiate an Economic Gardening program to help small businesses in Corpus Christi and authorizing the City Manager, or designee, to execute a Project Support Agreement with the Corpus Christi Business and Job Development Corporation to administer the EDC Small Business Incentives Agreement. 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 the EDC for the Economic Gardening program for small businesses within the City will best satisfy this goal; WHEREAS, City Council deems that it is the best interest of the City and citizens to approve the business incentives agreement for the Economic Gardening program for small businesses between the Type A Corporation and the EDC; WHEREAS, there is a need for a business incentives project support agreement between the City and the Type A Corporation for the implementation and administration of the business incentives agreement for the Economic Gardening program for small businesses between the Type A Corporation and the EDC. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. That the business incentives agreement for the creation and retention of jobs between the Type A Corporation and the EDC that provides for the Economic Gardening program for small businesses within the City of Corpus Christi, 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 incentives agreement with the EDC, which is attached to this resolution as Exhibit B. This resolution takes effect upon City Council approval on this the O�I day of , 2012. 4c28ec4a-2806-4c93-ae85-08546fb949f5.docx 029593 INDEXED ATTEST: Armando Chapa City Secretary Corpus Christi, Texas 1 8" of Page 2 of 2 THE CITY OF CORPUS CHRISTI Joe Adarrie Mayor , 2012 The above resolution was passed by the following vote: Joe Adame Chris N. Adler Larry R. Elizondo, Sr. Kelley Allen Priscilla Leal David Loeb John E. Marez Nelda Martinez Mark Scott 0295-#3 4c28ec4a-2806-4c93-ae85-08546fb94915.docx 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: August 21, 2012 Agenda Item: Resolution approving a Small Business Incentives Agreement between the Corpus Christi Business and Job Development Corporation and the Corpus Christi Regional Economic Development Corporation ("EDC") to provide grant amount up to $96,000 to initiate an Economic Gardening program to help small businesses in Corpus Christi and authorizing the City Manager, or designee, to execute a Project Support Agreement with the Corpus Christi Business and Job Development Corporation to administer the EDC Small Business Incentives Agreement. Amount Required: Fund Name CCRIDC Total $ 96,000 Account No. 530000 Certification Not Required Fund No. 1140 Org. No. 15020 Project No. Amount $96,000 $96,000 Director of Financial Services Date: