HomeMy WebLinkAboutC2007-467 - 12/11/2007 - ApprovedBU~~B 1NENTIVE ~R~JETAF~EEI~~N I
' ~ro'ect A reer~ent " Project Agreer~ent"} is enured into
This Business lncent~ve ~ ~ ~ {~ ~,
' and Job Develo ment corporation ~ orporat~on }
between the corpus hr~st~ Business p
and the fit of corpus Christi, Texas ~"pity"~.
Y
islature in Bection 4A of Article 1o~G, llernon's Texas
~VH~~EA, the Texas Log
. ' !o meet for oration Act of 1 g7} ernpov~ered local
Revised ~v~l statutes {Deve p p
an o tional local sales and use tax as means of
con~rr~un~t~es with the ability to adopt p
' rovi n the economic health and prosperity of thei r citizens;
imp g
~~~~ residents of the pity of corpus Christi ~"pity"}
VI~HEREA, on November 5, ,
~x anded Business Enterprises, vuhich authorized the
passed Propos~t~on , Neu and p
ax forthe romotion and development of new and
adopt~an of a sales and use t p
the rate of one-ei hth of one percent to be ~r~posed
expanded business enterprises at g
far ~ years,
ent sales tax authorized by passage of Proposition ~ was
WHEREAS, the 118 c
fit council and filed with the Btate ~omptraller of Texas,
subsequently enacted ~y the y
' be administered b the corporation's Board ~f Directars;
effective Apnl 1, ~a08, to ~
exists for the ur oses of encouraging and assisting
IIVHEREA, the ~orporat~on p p '
' reation of 'obs for the citizens of corpus hr~st~, Texas,
ent~t~es in the J
tors of the or oration ~"Board"}, an September ~ o,
VI~HEREA, the Board of ~~rec p .
far oration's guidelines and criteria far granting Business
X007, amended the p
Incentives;
s Develo ment corporation Act of ~ ~Zg, Ark. ~~ 9o.B,
I~U~IE~EA, Section ~~ of the Texa p
~vil Statutes re uires the pity ounci~ to approve ail
1lernon s Texas Revised ~ ~ ~
ro rams and expenditures of the corporation;
p9
roved the for oration's ar~ended guidelines and
VI~k~EREAS, the qty ~ouncll app p
' ~ r rantin Business Incentives on September ~8, ~g0~;
rktena fo 9
' ersit --for us Christi has submitted a proposal to the
VI~H E READ, Texas A8~1~ ~1 n'v ]~ p
' incentives of ~ roximately ~ ~~}9~g to be used to
orporat~on to request business pp ,
' ~ r us Christi in its o eration of the ~nternsh~p prograr~ to
assist Texas AS~II~ University- ~o p p .
ist small business em foyers in the pity of corpus ~hrit~;
ass p
i ned th at it is i n the best i nterests of the citize n s of
~IIHE~E~, the Board has determ ,
sines incentives be offered to Texas ~&!I~ University--
~orpus hr~st~, Texas that bu
corpus Christi
' as A&l Universit ,-corpus Christi have executed
1~l~EREA, the orparat}on and Tex _ Y ,
~~~+ ~~ -~~~ ntives to Texas ABM University--corpus hrist~ far
~n artra^ ~t business InCe
~,U07-4G? , ssist sma4l business er~ployers Business Incentives
a
~e~. D~'~531
1~~11~07
-city o~~ ~ ~ ~.ao~
~~~- '.-411TAMUCC Prajec~ Agreement 4A-City 071113.dac
P~ae ~ of 8
In consideration ~~ the covenants, prornises, and conditions stated in this Project
A regiment, the corporation and the pity agrgie ~ tollouvs:
9
t A reemen# to !m lemen~ Business inventive Agreemer~~. This Project
~ . P~o~eo ~ p
~ regiment betv~een the fit and the corporation is executed to implement the
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grant business Incentives to Texas A8~11~ l~niversity-~orpus hr~st~ for
Agreement to
n of fobs to assist small business er~ployers betvueen the orporat~on and
the ~ret~o
Texas AM University-~orpu Christi
The tgirm of this Pro~ect A regiment runs concurrently with the term of the
Term ~ ~
Business Incentives Agreement.
. services to be Pr~rrided b~ pity.
The fit Dana er or the fit ll~anager's designee, shad administer funding
~. y 9 a Y
on behalf of the corporation,
b. The fit I~an'~!.y~Jer, or the pity N~anager's designee, shall perrorr~ contract
V r F ~
i tration res onsibilities outlined ~n the Su~ness Incer~t~ve Agreement for
admen s p
the orporation~
4. A ro riat~on of Funds, Any future payments by the pity are subject to
pp P
appropriation of funds by pity's council.
ive date. The effective date of this Project Agreement is the latest date that
. effect
either party executes this Agreement.
ndments or Modifications. No amendments or modifications to this Project
~. Ame
ement ma ~be made nor an provision uvaived, unless in v~rriting signed by a
Agre y ~ y
erson dul authorised to sign agreements on behalf of each party
~ Y .
7. severability.
a. If for an reason an section} paragraph, subdivision, clause, provision,
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hrase or ~rord of this Pro~ect Agreement or the appl~cat~on of t1~~s Project
~ ~
ntto an erson or circumstance i, to any extent, held illegal, ~nval~d, or
Agreeme y p .
eable under resent or future law or by a final judgment of a court of
unenforc p
rn etent ~urisdictior~ then the remainder of this Project Agreement, or the
o° p ~ oe
ication of the terra or rovisian to persons or circumstances other than th
appl ~
ich it i held ille al invalid, or unenforceable, v~ill not be affected by the
a to wh g
lay or ~ud ment, for it is the definite intent of the parties to this Project
~ g .. ~ h rase
A reernent that every section, paragraph, subd~v~s~on, clause, provision, p }
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orv~ord of this Pro'ectAgreerr~ent be given full force end effectfor its purpose.
J
he gixter~t that an clause or provision is held illegal, invalid, or
b. Tot }~
able under resent or future laver effective during the term of this Project
u nenf o roe p
nt then the rerr~air~dgir of this Project Agreement is not affected by the
Agreeme . .
lave and in lieu of any illegal, invalid, or unenforceable clause or provision, ~
a
TA~UCC Project Agreement 4A-City 0~~ ~ 1 .hoc
H:1LEC-~iF~1S~aredlG~rySlagendal2~0?112-~ 1l~'AMI~CC Project Agreement ~A-Ciky 071113.dac
Page ~ of 3
r ~ a similar in trrr~ to the illegal, invalid, or unenforceable
olaue or prov~s~on, ill
rovision a ma be ossible and be legal, valid, and enforoeahle,
clause or p y ~
be added to this Project Agreement autornatioaily,
' ions in this Pro'ect A reen~ent are far convenienoe only and are
8. ~ap~ro~. The rapt ~ ~ r ,
regiment, the ca tions do nct in any uvay l~m~t or apli#y the
not a part of this Project Ag p
terns and provisions of this Project Agreeent.
`f he pity of corpus hr~ti
orpu Christi Bui~es ~
Job Deveiopmentorporation
Ge rg .Noe
City Manager j ~,b~
Date: ~
Attest
Armando Chapa
City Secretary
C N
~~sy f-1< <Sa ~aLq-e
Date: ~J.f - r C~~- -
L~~~~~i~~l~
,~
~~~ ~
~ ~~~
~~~
+slli(1r i ~ ~ ~ ~~nwuw~~
•1~~~~~
A roved as to Le al norm this day of Decern~er, ~g~~.
pp ~
r ~ Ith
Assistant pity Attorney
for pity Attorney
TA~IUC~ Project A~reemer~t 4A-~i~y D71 ~ ~ 3.dec
ki:IL~G-QIRISharedlGarySlagendal2QOl11~-111TAMUCC Project Agreemer~# 4A-City ~T1113.doc
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