HomeMy WebLinkAbout029678 RES - 11/20/2012Resolution
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Approving an amended business incentives agreement between the
Corpus Christi Business and Job Development Corporation ("Type A
Corporation") and Plant Bikes LLC ("Rugged Cycles"), to provide a
grant of up to $200,000 to purchase and improve a manufacturing
facility in Corpus Christi and the creation and retention of jobs.
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 Rugged
Cycles to purchase and improve a manufacturing facility in Corpus Christi and the
creation and retention of jobs, will best satisfy this goal;
WHEREAS, City Council deems that it is in the best interest of the City and citizens to
approve the business incentives agreement to purchase and improve a manufacturing
facility in Corpus Christi and the creation and retention of jobs between the Type A
Corporation and Rugged Cycles;
WHEREAS, City Council formerly approved a business incentives agreement between
the Type A Corporation and Rugged Cycles to purchase and improve Rugged Cycles'
existing location in Corpus Christi on May 29, 2012 by Resolution # 029490, which is
now amended to allow for Rugged Cycles' purchase and improvement of a facility at
any location in Corpus Christi, not a specific location.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. That the amended business incentives agreement for the creation and
retention of jobs between the Type A Corporation and Rugged Cycles, which is
attached to this resolution as Exhibit A, is approved.
This molution takes effect upon City Council approval on this the day of
2012.
ATTEST: THE CI Y OF:, ORPUS CHRISTI
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Armando Chapa
City Secretary
6a8e20f3-0a15-4e75-bcd4-b1908413ae0d.docx
Nelda Martinez
Mayor
929678
INDEXED
Corpus Christi, Texas
C:9011—)of V /try fit - . , 2012
The above resolution was passed by the following vote:
Nelda Martinez
Kelley Allen
Rudy Garza Jr.
Priscilla G. Leal
David Loeb
Chad Magill
Colleen McIntyre
Lillian Riojas
Mark Scott
6a8e20f3-Oa15-4e75-bcd4-b1808413ae0d.docx
029678
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