HomeMy WebLinkAbout029875 ORD - 06/25/2013Page 1 of 2
Ordinance
Approving a Business Incentive Agreement between the Corpus
Christi Business and Job Development Corporation ( "Type A
Corporation ") and Sam Kane Beef Processors, LLC ( "Sam Kane ") to
provide a grant of up to $3,000,000 for the creation and retention of
jobs at their beef packing plant in the City of Corpus Christi extra
territorial jurisdiction, and authorizing the City Manager, or designee,
to execute a Business Incentive Project Service Agreement with the
Type A Corporation regarding implementation and administration of
the Business Incentive Agreement for the creation and retention of
jobs; amending the budget to allow for this funding of up to
$3,000,000 from the Unreserved Fund balance in the No. 1140.
BusinesslJob Development Fund and appropriating up to $3,000,000
to the Unreserved Fund Balance in the No. 1140 Business /Job
Development Fund.
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 Sam Kane
for the creation and retention of jobs at their meat packing plant will best satisfy this
goal;
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 at Sam
Kane between the Type A Corporation and Sam Kane;
Whereas, there is a need for a business incentive project service 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 at Sam Kane
between the Type A Corporation and Sam Kane.
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 at Sam Kane between the Type A Corporation and Sam Kane, which is on file at
the City Secretary's office, is approved.
SECTION 2. That the City Manager, or designee, is authorized to execute a project
service agreement between the City and Type A Corporation for the implementation and
administration of the business incentive agreement with Sam Kane, on file at the City
Secretary's office.
ORDINANCE -- Sam Kane Beef Grant6- 1 00611 111 3
029q75
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SECTION 3. That $3,000,000 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 Sam Kane for the creation and retention of jobs.
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 $3,000,000 for a business incentive grant from the Type A
Corporation to Sam Kane for the creation and retention of jobs.
That the foregoing or nance was ead for the first time and passed to its second
reading on this the (1 ay of , 2013, by the following vote:
Nelda Martinez
Kelley Allen
Rudy Garza
Priscilla Leal
David Loeb
That tlgejpregoing ordi nce was read for the
the ,-T"" day of 'u , 2013,
Nelda Martinez
Kelley Allen
Rudy Garza
Priscilla Leal
David Loeb
PASSED AND APPROVED, this the
ATTEST:
Armando Chapa
City Secretary
ORDINANCE -- Sam Kane Beef Grant6- 1 00611 1 /1 3
Chad Magill
Colleen McIntyre
Lillian Riojas
Mark Scott
second time and passed finally on this
by the following vote:
Chad Magill
Colleen McIntyre
Lillian Riojas
Mark Scott
th day of
, 2013.
Nelda Martinez
Mayor
02g875
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: June 25, 2013
Agenda Item:
Ordinance approving a Business Incentive Agreement between the Corpus Christi Business and Job
Development Corporation ( "Type A Corporation ") and Sam Kane Beef Processors, LLC ( "Sam Kane ")
to provide a grant of up to $3,000,000 for the creation and retention of jobs at their beef packing plant in
the City of Corpus Christi extra territorial jurisdiction, amending the budget to allow for this funding of up
to $3,000,000 from the Unreserved Fund balance in the No. 1140 Business /Job Development Fund and
appropriating up to $3,000,000 to the Unreserved Fund Balance in the No. 1140 Business /Job
Development Fund.
Amount Required:
$ 3.000.000
Fund Name
Account No.
Fund No.
Org. No.
Project No.
Amount
CCBJDC
530000
1140
15010
$3,000,000
Total
$3,000,000
❑ Certification Not Required
Director of Financial Services
Date: eg, -- -- � 3