HomeMy WebLinkAbout029615 ORD - 08/28/2012Ordinance
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Approving a Business Incentives Agreement between the Corpus
Christi Business and Job Development Corporation ("Type A
Corporation") and Associated Builders & Contractors Merit Shop
Training Program, Inc. dba Craft Training Center of the Coastal Bend
("Craft Training Center") to provide grant amount up to $750,000 for
expansion of Craft's existing facility and authorizing the City
Manager or designee to execute a Project Support Agreement with
the Type A Board to administer the Craft Training Center Business
Incentives Agreement and appropriating $750,000 from the
unreserved fund balance in the No. 1140 Business/Job Development
Fund for a business incentive grant from the Type A Corporation to
Craft Training Center for expansion of its facility; Changing the FY
2012-2013 operating budget, adopted by Ordinance No. 029565, by
increasing proposed expenditures by $750,000.
WHEREAS, the 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 Craft
Training Center to expand their training facilities 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 Craft Training Center's expansion of
their facilities between the Type A Corporation and Craft Training Center;
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 Craft Training Center's expansion of their
facilities between the Type A Corporation and Craft Training Center.
Now, therefore, be it resolved and ordained 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 Craft Training Center that provides for the
expansion of Craft Training Center's facilities within the City of Corpus Christi, which is
attached to this ordinance 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 Craft Training Center,
which is attached to this ordinance as Exhibit B.
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029615
INDEXED
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SECTION 3. That $750,000 from the unreserved fund balance in the No. 1140
Business/Job Development Fund is appropriated for a business incentive grant from the
Type A Corporation to Craft Training Center for expansion of its facility.
SECTION 4. That Ordinance No. 029565, which adopted the FY 2012-2013 Operating
Fund, is changed to increase proposed expenditures in the No. 1140 Business/Job
Development Fund by $750,000 for a business incentive grant from the Type A
Corporation to Craft Training Center for expansion of its facility.
That the foregoing ladirmnce was rad for the irst time and passed to its second
reading on this the day of (AL , 2012, by the following vote:
Joe Adame
Chris N. Adler
Kelley Allen
Larry Elizondo
Priscilla G. Leal
David Loeb
John E. Marez
Nelda Martinez
1104.elk--P Mark Scott
That the f 're oing ordi ance was
the 0)6- day of
Joe Adame
Chris N. Adler
Kelley Allen
Larry Elizondo
Priscilla G. Leal
PASSED AND APPROVED, this the Q? day of
ATTEST:
ead for the second time and passed finally on this
, 2012, by the following vote:
David Loeb
John E. Marez
Nelda Martinez
Mark Scott
Armando Chapa
City Secretary
9828b844-c297-4b19-8202-aa03c7bfl3fb.docx
V
, 2012.
Joe e
Mayor
029615
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV, Sections 7 & 8)
Ithe 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 28, 2012
Agenda Item:
Appropriating $750,00.0 from the unreserved fund balance in the No. 1140
Business/Job Development Fund for a business incentive grant from the Corpus
Christi Business and Job Development Corporation ("Type A Corporation") to
Associated Builders & Contractors Merit Shop Training Program, Inc. dba Craft
Training Center of the Coastal Bend ("Craft Training Center") for expansion of its
facility; Changing the FY 2012-2013 operating budget, adopted by Ordinance No.
029565, by increasing proposed expenditures by $750,000; and declaring an
emergency.
Amount Required: $ 750,000.00
Fund Name
Account No.
Fund No.
Org. No.
Project No.
Amount
CCBJDC
251850
1140
000000
$750,000.00
Total
$
750,000.00
0 Certification Not Required
Director of Financial Services
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