HomeMy WebLinkAbout030304 RES - 10/14/2014 Page 1 of 2
RESOLUTION
Resolution approving the renewal of a Small Business Incentives
Agreement between the Corpus Christi Business and Job Development
Corporation and Accion Texas, Inc. ("Accion") to provide grant amount up
to$250,000 for the interest buy down and grant programs for small
businesses.
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 Accion for
interest buy down and grant programs 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 one year renewal of the business incentives agreement for interest buy
down and grant programs for small businesses between the Type A Corporation and
Accion;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. That the renewal of the business incentives agreement for the creation
and retention of jobs between the Type A Corporation and Accion that provides for
interest buy down and grant programs for small businesses within the City of.Corpus
Christi, which is attached to this resolution as Exhibit A, is approved.
Thi , r so ution takes effect upon City Council approval on this the I T day of
, 2014.
ATTEST: THE CITY OF CORPUS CHRISTI
T2 j.,,,..„.„, 4",„.„47_,
Rebecca Huerta Nelda Ma ez
City Secretary Mayor
Resolution-Accion
0 3 0 3 n 4
INDEXED
Page 2 of 2
APPROVED: l day of 011) , 2014.
Corpus Christi, Texas
\11k} ofC) ,V0\60/ , 2014
The above resolution was passed by the following vote:
Nelda Martinez a
Kelley Allen
Rudy Garza Jr. 0 ►��
Priscilla G. Leal CU
David Loeb I :A!
Chad Magill
I
Colleen McIntyre I ,
1 �
Lillian Riojas
I.
Mark Scott i:.I
Resolution-Accion
030304
October 15, 2014
CORPUS CHRISTI
BUSINESS 5 JOB GENERATOR
citizens making a difference
Accion Texas
Attn:Janie Barrera,President
2014 Hackberry
San Antonio,Texas 78210
CORPUS CHRISTI Dear Ms.Barrera:
BUSINESS&
JOB DEVELOPMENT
BOARD On September 15,2014 the Type A Board voted to renew the Type A agreement
between the Board and Accion Texas Loan Buy-Down Program for one year.This
1201 leopard renewal is in effect from October 1,2014,through September 30, 2015 and the grant
Corpus Christi
Texas 78401 amount is$250,000.00.
Phone: 361-826-3105
www.typeafundcc.com Additionally an amendment was made to the agreement at the City Council meeting
on October 14,2014.
On page 4.e. ii.The sentence reads
MEMBERS e.The following projects are ineligible for this program:
Bart Braselton,President i. Businesses located outside the Corpus Christi city limits
R.Bryan Gulley, Vice President
Gabriel Guerra
Chris Hamilton ii. Home-based businesses located outside the Corpus Christi city limits.
Debbie Lindsey-Opel
They changed this to read:
ii. Home-based businesses. . • . .. • - - • ,
On page 6 of the agreement in Section 5.e. ii. The sentence reads
e The following projects are ineligible for this program:
i. Businesses located outside the Corpus Christi city limits
ii. Home-based businesses located outside the Corpus Christi city limits.
They changed this to read:
ii. Home-based businesses. - . _ - . . •
Reg.. 5,
p
Ban Braselton
President
Th ,rlit9 r- tt;Tr]i� -i vote, awce!l
for _'. ry�_ e .., <it:' c,-171 we_,
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: October 14, 2014
Agenda Item:
Resolution approving the renewal of a Small Business Incentives Agreement between the
Corpus Christi Business and Job Development Corporation and AcciOn Texas, Inc. ("Accion") to
provide grant amount up to $250,000 for the interest buy down and grant programs for small
businesses.
Amount Required: $ 250,000
Fund Name Account No. Fund No. Org. No. Project No. Amount
CCBJDC 530000 1140 15020 $250,000
•
Total $250,000
❑ Certification Not Required
Director of Financial Services
Date: OCT 1 3 2014
J41 OO1O r r