HomeMy WebLinkAbout030412 RES - 01/27/2015 Page 1 of 2
Resolution
Authorizing the City Manager or designee to execute a Chapter
380 Economic Development Incentive Agreement with Corpus
Christi Liquefaction LLC ("Agreement") for certain economic
development grants for development of a liquid natural gas
facility within the City's extraterritorial jurisdiction and for
construction of docks potentially within the Corpus Christi city
limits, for the benefit of the City.
WHEREAS, the City has established a program in accordance with Article III,
Section 52-a of the Texas Constitution and Chapter 380 of the Texas Local
Government Code ("Chapter 380") under which the City has the authority to
make loans or grants of public funds for the purposes of promoting local
economic development and stimulating business and commercial activity within
the City; and
WHEREAS, City Council deems that the Agreement is in compliance with the
City's Chapter 380 Economic Development Program Policy adopted by
Resolution 028424 on November 17, 2009, and it is the best interest of the City
and citizens to approve the Agreement with Corpus Christi Liquefaction LLC for
certain economic development grants for development of a liquid natural gas
facility within the City's extraterritorial jurisdiction and for construction of docks
potentially within the Corpus Christi city limits, for the benefit of the City.
Now, therefore, be it resolved by the City Council of the City of Corpus
Christi, Texas:
SECTION 1. The City Council declares the recital paragraphs of this Resolution
to be true. The City Manager or the City Manager's designee is authorized to
execute the Agreement, which is on file at the City Secretary's office, with Corpus
Christi Liquefaction LLC for certain economic development grants for
development of a liquid natural gas facility within the City's extraterritorial
jurisdiction and for construction of docks potentially within the Corpus Christi city
limits, for the benefit of the City.
This esolution takes effect upon City Council approval on this the I day of
, 2015.
ATTEST: THE CITY OF CORPUS CHRISTI
Rebecca Huerta Nelda Martinez
City Secretary Mayor
Resolution-Cheniere
INDEXED
Page 2 of 2
Corpus Christi, Texas�
al of `4V , 2015
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The above resolution was passed by the following vote:
Nelda Martinez Brian Rosas ___Iji,
Carolyn Vaughn As. Colleen McIntyre 0141 .
/ I
Rudy Garza I..4. Lillian Riojas
Lucy Rubio I Mark Scott
CtihAffICL
Chad Magill 606/A-1-4A'd '
Resolution-Cheniere 0 3 0 41 2
a.