HomeMy WebLinkAbout031676 ORD - 02/19/2019 Page 1 of 2
ORDINANCE
Approving a Small Business Incentives Agreement between the Corpus Christi
Business and Job Development Corporation and Del Mar College to provide grant
up to $300,000 for their Small Business Development Center program over two
years; appropriating $300,000 from the unreserved fund balance in the
Business/Job Development Fund; and amending the budget.
Be it ordained by the City Council of the City of Corpus Christi, Texas:
SECTION 1. That a Business Incentive Agreement between the Corpus Christi
Business and Job Development Corporation (the "Type A Corporation") and Del Mar
College ("Del Mar") providing a grant of $300,000 to fund Del Mar's Small Business
Development Center to help small businesses start and grow and thrive to create jobs
and investment within the City over two years as approved by the Type A Corporation
on January 21, 2019, is approved.
SECTION 2. That $300,000 from the unreserved fund balance in the Fund No. 1140
Business/Job Development Fund is appropriated for a business incentive grant from the
Type A Corporation to Del Mar to help fund their Small Business Development Center
Program.
SECTION 3. That Ordinance No. 031548, which adopted the FY 2018-2019 Operating
Fund, is amended to increase proposed expenditures in the No. 1140 Business/Job
Development Fund by $150,000 for a business incentive grant from the Type A
Corporation to Del Mar.
This ordinance takes effect upon City Council approval on this the lq day of
, 2019.
ATTEST: THE CITY OF CORPUS CHRISTI
Re,k1M440- tiaR/r - 144-
Rebecca Huerta Joe McComb
City Secretary Mayor
eaf31672-1427-418a-b180-0b8c81147ef3 SBDC 031676
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Page 2of2
That the foregoing ordinance was read for the first time and passed to its second
reading on this the 1 day of , 19, by the following vote:
Joe McComb 4_, Michael Hunter i,.,A
0
Roland Barrera 1 A. Ben Molina 1., e
Rudy Garza tA! Everett Roy I.; _
I
Paulette M. Guajardo .., ' Greg Smith
4
Gil Hernandez J 0
That the foregoing ordinance was read for the second time and passed finally on this
the I crt4-clay of Gdwc 1.2k., 019, by the following vote: awk,,,J--Joe McComb (Lu Michael Hunter
Roland Barrera au Ben Molina '
Rudy Garza .' _ Everett Roy
Paulette M. Guajardo s Greg Smith (t-LA
Gil Hernandez L
nil-
PASSED AND APPROVED on this the 1'1 day of ' -&..._. r . 2019.
ATTEST:
F( iz.b.,44-{-,„4-6,-_ ,,,
e A ecca Huerta Jo Comb
City Secretary Mayor
U3167C
eaf31672-1427-418a-b180-0b8c81147ef3 SBDC
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: February 19, 2019
Agenda Item:
Ordinance approving a Small Business Incentives Agreement between the Corpus Christi
Business and Job Development Corporation and Del Mar College to provide grant up to
$300,000 for their Small Business Development Center program over two years; appropriating
$300,000 from the unreserved fund balance in the Business/Job Development Fund; and
amending the budget.
Amount Required: $ 300,000
Fund Name Accounting Unit Account Activity No. Amount
No.
Economic Dev Fund 1140-15020-777 530000 $300,000
Total
—
Certification Not Required /� .OUNIA.(. �+h
SkyLVA ,Director of Financial Services
Date: L( 2-01