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HomeMy WebLinkAbout031596 RES - 11/27/2018 Page 1 of 2 RESOLUTION Approving the renewal of the Small Business Incentives Agreement between the Corpus Christi Business and Job Development Corporation and Del Mar College to provide grant up to $150,000 for their internship program. 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 Del Mar College for an intern program within the City will best satisfy this goal; WHEREAS, City Council deems that it is the best interest of the City and citizens to renew the business incentives agreement for an intern program between the Type A Corporation and Del Mar College; 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 business development between the Type A Corporation and Del Mar College for an intern program within the City of Corpus Christi, in the form attached to this resolution, is approved. This resolution ta es effect upon City Council approval on this the day of VI\J , 2018. e4ea92f6-a01f-432a-91e1-7e97158808fcDMC 031596 SCANNED Page 2 of 2 ATTEST: THE CITY OF CORPUS CHRISTI Al A e•ecca Huerta Joe cL,omb City Secretary May r Corpus Christi, Texas of e4 Qi ) , 9-06 The above resolution was passed by the following vote: Joe McComb Rudy Garza Paulette Guajardo , Michael Hunter CtibuiA4 Debbie Lindsey-Opel Ben Molina ' Everett Roy I Lucy Rubio ' r Greg Smith e4ea92f6-a01f-432a-91e1-7e97158808fcDMC i 1 3 15 91, Renewal Small Business Incentive Agreement Between Corpus Christi Business and Job Development Corporation and Del Mar College Renewal No.: 1 Date: September 17, 2018 The Corpus Christi Business and Job Development Corporation hereinafter referred to as the Corporation, and Del Mar College, hereinafter referred to as Del Mar, do hereby make and enter into this Renewal No. 1 of the Small Business Incentive Agreement ("Renewal") which, together with the Small Business Incentive Agreement, which was approved by City Council on October 10, 2017, and all other duly executed amendments, constitutes the entire agreement under the above-referenced agreement between the Corporation and Del Mar. This Renewal is to exercise the first one-year option provided for in section 2.b. of the agreement. The Term of this renewal option is January 1, 2019 through December 31, 2019. The grant provided for this Renewal term shall not exceed $150,000 as provided in section 3 of the agreement. The Corporation and Del Mar agree to and shall abide by all terms and conditions of the original agreement and any amendments thereto, to the extent they are not in conflict with the terms of this Renewal. rk Escamilla, Ph.D. Date, Scott Harris Date resident and CEO President Del Mar College Corpus Christi Business and Job Development Corporation PROVED AS TO LEGAL FORM • . AA _ M,.-4 ..1 LOIN)l Assistant Ci y Attorney Date Attorney for Corporation 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: November 27, 2018 Agenda Item: Resolution approving the renewal of the Small Business Incentives Agreement between the Corpus Christi Business and Job Development Corporation and Del Mar College to provide grant up to $150,000 for their internship program. Amount Required: $150,000 Fund Name Accounting Unit Account Activity No. Amount No. Economic Dev Fund 1140-15020-777 530000 $150,000 • • Total $0 isc, &o0 Certification Not Required Director of Financial Services Date: NOV 2 6 2018