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HomeMy WebLinkAboutC2007-474 - 12/11/2007 - ApprovedAREEI~ENT To GRAFT BUSINESS INCENTIVES To VI~~R~~URCE FoR THE RETENTION of JABS This Agreement to Grant Business incentives far the Retention of Jobs ~"Agreement"} i entered into by and between the Carpus Christi Business and Job Developr~ent Corporation ~"Corporation"~, a Texas nonprofit corporation organized under II.A.C.S. Art. 5~ 9g., Sec ~A, with mailing address of 120 Leopard Street Carpus Christi, Texas, 7840 ,and Coastal Bend v~lorkforce Development Board, ~"w~R~C~URCE"}, a local Ill~orkforce board, with principal place of business at Ogg IUlann Street, Suite 1 oog, Corpus Christi, Texas 7481. ~. BACI~~OUND 'I.1 Purpose of Agreement Corporation is a tax~supported nonprofit corporation, whose primary incor~e is from sales tax collected within the City of corpus Christi and dedicated exclusively to econor~ic development. This sales tax supporting Corporation is authorized as a Iocal option under Texas Revised Civil Statutes} Art. 51 go., Sec 4A~ Corporation exists far the primary purpose of developing, stabilizing, diversifying, and expanding the Corpus Christi economy through the retention, expansion, and recruitment of employment opportunities in order to benefit the citizens of Corpus Christi and the surrounding areas. 1.2 Project. The project and performance requirernentto be implemented by means of this agreement are generally described as follows: Providing employer outreach activities to support the Internship Project proposed by Texas ABM University Corpus Christi and Del IViar College, beginning with the Spring Semester of BOOB, continuing through the Fall Semester of X008, and concluding with the Spring Semester of X009, with na activity for the Summer Semester of BOOB. The two interns funded under this Agreement and employed by vV~RKS~URCE will work with the vVORI~S~URCE Easiness Services Team to research and contact small businesses that may benef it f rpm the internship program. The goal of the internship program is to contact 1 Oo small business employers to participate in the l~niverity and College internship programs. The interns will refer the small business employers to the University and College. The interns gill work twenty ~~~} hours per week far twelve ~1~}weeks during each semester. ~R~C~URCE will provide funding far the interns compensation above the funds granted by this Agreement and gill provide administrative oversight, direct supervision, and workplace resources far the interns. vV~RKSOURCE agrees that it shall create and rr~aintain not less than two intern ~2} employment positions to assist in the small business employer intern program for its facility in Corpus Christi, Nueces County, Texas, with an hourly wage of ~11.~0 per hour, plus personnel costs during the Spring Semesters of X008 and an hourly wage of ~ .1 ~ per hour plus personnel posts during the Fall Semesterof Sao and the Spring Semester of X009. The pertorr~ance requirements shall be continuously maintained during the entire term of this agreement. N~vV, THEREFORE, inconsideration of the premises and of the mutual covenants, warranties, and agreements of the parties, it i agreed as follows: 1~1111~7 Res.027S34 ~Yarkour~e Page ~ of ~O II. ECONOMIC BENEFITS AND INCENTIVES AND PERFORMANCE REQUIREMENTS .1 BY TIME oRPU H~iTI BUSINESS AND Job DEVELOPI~IENT DoRPORATION .1 IUlone corporation will convey by grant to Uv~~K~URE ~ total of Twenty-two Thousand seven Hundred Forty Dollars ~$~~,~40.00}, asset forth in Schedule A, subject to the performance requirements of vV~RI~CS~URE and the conditions precedent set forth in schedule A. Failure by corporation to timely and fully comply with any performance requirement shall bean act ofdefault by Dorporation giving I~v~RI~S~URE, as its sole remedy, the right to the contracted amount to be conveyed and further being limited to the terms and conditions contained in Article 1lll, paragraph 7.~, hereof, HEDULE A VI~oRI~SOLlRE' 11~IORI~SOUI~E' TIAIIE of oRPOF~AATION's oN~ITIONS PRECEDENT PERFORMANDE PERFORI~IANE AND PERFO#~I~ANE RECUIREI~ENTS REC~UIREI~IENT Employment of two interns ,~anuary ~ ~ through I~ay 1 ~, An amount not to exceed for ~0 hours per week end 12 ~go8 l,o~~ payable in monthly weeks per semester during installments based upon the Spring Semester of 200, invoices received from with a goal of contacting ~ Do Uv~R~(~UR~E sr~all business employers to participate in the internship program, referring smell business employers to Texas AM University-corpus Christi end Del Il~ar college, provid ing follow-upon contacts, with Uv~RKOURCE providing administrative oversight, direct supervision, and workplace resources for the interns. Employment of two interns August ~ ~ through December An amount not to exceed for ~o hours per week end 1 ~ ~ , ooh 7,8o payable in monthly weeks per semester during installments based upon the Fall semester of DOS, invoices received from with a goal of contacting 'l o0 1N~R~CoU RCE small business employers to participate in the internship program, referring smell business ens Io ers to Texas Fi:LegQErl~wslEcoDevVII0R1(~~URCE1Draftlncentive 4A ~7~2~6 Page 2 of ~ B A University-Corpus -- Christiand Del Isar Dollee, providing follow~up on contacts, with UV~RKURCE providing administrative oversight, direct supervision, and workplace resources for tie interns. 1=mplvyrnent of two interns January ~ ~ through~May ~ ~, An amount not to exceed for 20 hours per week and ~ ~ 2009 X7,800 payable in monthly weeks per emesterduring installments based upon the Bering Semester of 2009, invoices received from with a goal of contacting 100 I~RI~S~URCE small business employers to participate in the internship program, referring small business employers to Texas A&M University Corpus Christi and Del Mar College, providing follow-upon contacts, with w~RI~URCE providing administrative oversight, direct supervision, and workplace resources for the interns. ~r ~~ w~~~~~~E .1 Investment-Facility; w~RK~URE is not required to make a capital investment, however vVORKS~URE shall perform the performance requirements s set forth in Schedule B. Failure ~yw~R1~~URCE to timely and fully comply and to continue to comply with any performance requirerr~ent of this agreer~ent shall be n act of default. SCHEDULE B I~V~RKS~URE's PERF~RI-~N~E IN~RKS~URE's ~IIVIE ~F REC~~lIREI~ENT PERF~I~AIVCE Providing administrative oversight at the Beginning January 15, 2008 and continuing Board and field staff level; direct supervision during the Spring and Fail Seriesters of 2008 at the field staff level; and workplace and the Spring Semester of 2009, resources, corr~puter, telephones, and the H;~egDirlgwslEcodevwORKOURGE1Dr~ftincer~tive 4A ~712~~ Page 8 of ~ 0 administrative costs to process the pay of the two interns in the small business employer outreach campaign. . Ern~loyment: 1ORKSOURE shall comply with the employment requirements set forth in Schedule . Failure by w~RKOURE to timely and fully comply and to continue to comply with any performance requirement of this agreement shall be an act of default. S~HEDUI~E INOR#~EOURE' PERFORMANCE 1~VORKSOURE' TIME of REQUIREMENTS PERFORMANCE create and maintain not lessthan two intern January 15 through play 1, og8 ~~} employment positions to assist in the small business employer intern program for its facility in corpus Christi, Nueces bounty, Texas, with an hourly wage of ~ ~ .~o per hear, plus personnel costs during the Spring Semester of X008. create and maintain net less than two intern August ~ through December ~ ~, X008 and ~~ en~ploymen# positions to assist in the January 15 through May ~ ~, X000 small business employer intern prograr~ for its facility in corpus Christi, Nuees bounty, Texas, v~rith an hourly wage of ~ 8.1 ~ per hour plus personnel costs during the Fall err~ester of X008 and the Spring Semester of 2009. 111. REPORTING AND MONITORING 3~~ Report and Moni~orir~g~ ~RKOURE agrees to the following reporting and monitoring provisions, and failure to fully and tir~ely comply with any one requirement shall constitute an act of default. . ~ w~R~C~UR~ shall provide report at the end of each semester certifying the status of compliance through the life of the agreement Documentation for jobs may be in the form of quarterly IRS 941 returns,lORKSOUR~E err~ployer quarterly H,LegDir#gvus#Ec~De~VII~RK~URcE#Dr~ftln~~ntive 4A 0~122fi Page 4 of 10 Reports, ar employee rosters that show the hours worked and the positions filled, and such other reports as may reasonably be required. 1~Rl~~URCE, during normal working hours, at its Corpus Christi, Texas, facilit ,shall allow Cor oration and its deli nee, Cor us Christi Re Tonal Economic y p g ~ g Development Corporation, reasonable access to w~RK~URCE's employment records and books, to verify employment and all other relevant records related to each of the other economic development considerations and incentives, as stated in this agreement, but the confidentiality of such records and information shall be maintained by Corporation and its designee, Corpus Christi Regional Economic Development Corporation, unless such records and information shall be required by a court order, lawfully issued subpoena, or at the direction of the office of the Te~cas Attorney general, Iv. CovENANT, VIIARRANTIE, oB~IATION AND DIJTIE 4.~ woRK~URCE makes the following covenants and warranties to Corporation, and agrees to timely and fully perform the following obligations and duties. Any false or substantially misleading statement contained heroin orfailure to timely and fully perform as required in this agreement shall bean act of default byw~Rl~OURCE. Failure to comply vwrith any one covenantorwarranty shall constitute an act of default by~JIJ~RK~URCE. .~ No litigation or governmental proceeding i pending or, to the knowledge of ~R~C~URCE orw~RKoURCE's officers, threatened against ar affecting woRK~URCE that may result in any material adverse change in UVORKoURCE's business, properties, or operations. No consent, approval or authorization of or registration or declaration within any governmental authority is required in connection with the execu#ion of this agreement or the transactions contemplated hereby. .~ No certificate, statement or information provided by w~R~C~URCE to Corporation or the City of Corpus Christi in connection with any transaction contemplated hereby, contains any untrue statements or fails to state any fact necessary to keep the statements contained therein from being misleading. . To the best of its knowledge, woR~oURCE has acquired and maintained all necessary rights, licenses, permits, and authority to carryon its business operations in Corpus Christi, Texas, and will continue to use its bust efforts to maintain all necessary rights, licenses, permits and authority. .4 The funds herein granted shell be utilized solely forthe purpose of offsetting the cost of creating and maintaining the two ~~~ intern ernployrnent positions at w~RI~oDRCE's Corpus Christi facility. I~RKoURE shall continue its full-time business activities on its properky in Corpus Christi, Texas, including maintaining its employment and investment requirements at ail times throughout the term of this agreement, . woRKOURCE shall complete the project required by this Agreement and shall provide and staff the required employment positions, investment, and other economic development considerations described in this Agreement. ~I:LegDirlgwslEcoDevUVO~I~soURGEIDraftlnc~ntive 4A ~~1226 Page ~ of 1 ,7 1~R~~URCE shall timely and fully comply with all of the terms and conditions of this Agreement. ~8 vVORKS~URCE shall notify Corporation in writing of substantial changes in management within seven ~~}days. Substantial changes mean changes in Chairrr~an of the Board, President, C.E.Q. or area management, .~ Uv~R~CSOURCE has received a copy of the Texas ~evelopr~ent Corporation Act of 1 g~9, Art. 5 ~ gg.G, Vernon's Texas Revised civil Statutes, and acknowledges that the funds granted in this Agreement must be utilized solely for purposes authorized under State law and by the terms of this Agreer~ent. ,'i ~ In the event it is determined by Corporation ar City of Corpus Christi that funds provided under this Agreement were not used in accordance with State haw, then UvoRS~URCE agrees to repay such funds to the Corporation within o days of written notice requesting reirr~bursernent. .11 If an audit determines that the funds were not used for authorized purposes , Vv~R~CS~URCE agrees to reimburse corporation for the sums of money spent for purposes not authorized bylaw within o days written notice requesting reimbursement. .1 ~ There are no bankruptcy proceedings currently pending concerning Vv~RKS~URCE, nor are any such .proceedings contemplated by IIVORKS~URCE, as of the date of execution of this Agreement by IOR~CS~URCE. .1 IIVOR~CSOURCE will not discriminate nor permit discrimination against any person or group of persons, with regard to employment and the provision of services at, on, or in the Facility, on the grounds of race, religion, national origin, marital status, sex, age, disability, or in any manner prohibited by the laws of the United States or the State of Texas. . ~ 4 woRkC~URE agrees to provide information, reports, or statements respecting its business operations and financial condition as Corporation may reasonably request from time to times ~4.~ All representations, warranties, covenants and agreements of the parties, as well as any rights and benefits of the parties pertaining to the transaction contemplated hereby, shall survive the original execution date of this agreement. V. SUPENIONSITER~I~NAT~oN ~.~ Corporation, under the following circumstances, end at its sole discretion, may suspend its obligations under this agreement or terminate this agreement, without liability to vVORI~SURCE, upon any one of the following events, which are an act of default. . ~ The appointrr~ent of a receiver of woR~CSOURCE, or of all or any substantial part of its property, and the failure of such receiver to be discharged within sixty ~D}days thereafter. F~~LegDirJgwslEcoDevUUORi~OURC~fDraftlncentive 4A ~7122~ Page of ~~ .~ The adjudication of woRl~OURE as bankrupt. . The filing by wRI~~~JRE of ~ petition or an answer seeking bankruptcy, receivership, reorganization, or admitting the material allegations of a petition filed against it in any banlcruptcyor reorganization proceeding. 111. DEFAULT G.~ Even# of Default. should I~RKUR~E fail to timely, fully and completely comply v~rith any one or more of the requirements, obligations, duties, terms, conditions orwarrantie of this agreement such failure shall be an act of default by w~RI~~URE and, if not fully and completely cured and corrected within sixty {Gg}days after written notice to do so, corporation may terminate this agreement end pursue all legal remedies a provided by law, provided however that vII~RK~URE's liability underthis agreement shell be limited tothe termination of ell further obligations on behalf of orporetion underthis agreerr~ent. corporation shall not be liable to vlloRK~URE for any alleged consequential damages. Additionally, the fallowing events shall constitute a default of this Agreement: .~ The corporation or pity determines that any representation or warranty on behalf of vV~RI~~URE contained in this Agreement or in any financial statement, certificate, report, or opinion submitked to the corporation in connection with this Agreementwas incorrect or misleading in any material respect when made; .~ Any judgment is assessed against UvORK~URE or any attachment or other levy against the property of vIIORK~URE with respect to a claim remains unpaid, undischarged, or not dismissed for a period of o days. . If taxes on the Facility become delinquent, and 1Rl~oURE fails to timely and properly follow the legal procedures for protest or contest. .4 1OR~C~URE changes the general character of business a conducted of the date this Agreement is approved by the corporation. . Foreclosure or sale of the Facility. G.2 Any delay for any amount of time by corporation in providing notice of default to IIV~RI~CUR~E shall in no event be deemed or constitute a waiver of such default by corporation of its rights and remedies available under this agreement, or in law or equity. fi.4 Any waiver granted by corporation to woR~C~URE of any covenant or condition, the breach of any covenant or condition of this Agreement, or of an act of default shall not be deer~ed or constitute a waiver of any other existing or future breach of a covenant or condition, or act of default by w~RI~~URE or of a subsequent breach of the same covenant or condition or act of default of the same eat or event by woRK~URE~ fi.~ No waiver of any covenant or condition, or the breach of any covenant or condition of this Agreement, justifies or authorizes the nonobservance on any other occasion of the covenant or condition or any other covenant or condition of this Agreement. H:~egDirl~vuslEcoDevUVDRIC~DUR~E1Draftlncentive 4A ~~1~~6 Page ~ of 1 fi 6.6 Anyvuaiverorindulgence of vV~RK~~JRCE's default may not be considered an estoppel against the Corporation. B.T results of Uncured Default. After exhausting good faith attempts to address any default during the Cure Period, and taking into account any extenuating circumstances that might have occurred through no fault of woRK~URCE, as deterr~ined by the Board of Directors of the Corporation, the following actions must be taken for any default that rer~ains uncured after the Cure Period: ~ 1~Rl~~URCE shall pay Corporation reasonable attorney fees and costs of courk to collect amounts dueto Corporation. .~ The Corporation shall have no further obligations to VUORK~URCE under this Agreement. .~ Neither the City northe Corporation maybe held liable forany consequential darnages. .4 The Corporation mad pursue ell remedies available under law. wRK~URCE shall give Corporation written notice of any act of default by Corporation, end Corporation shall have thirty {30}days after receipt of the notice to cure the default. Failure by Corporation to timely and fully cure the act of default shall permit UV~I~KOURCE to pursue its legal remedies a provided in this agreement. 1111. oRPORATION' LIABILITY LIIVIITAT1oN ~.~ Payrrrents: vU~RI~oURCE specifically agrees that Corporation shall only be liable to I~RI~(~U~CE for the actual amount of the money grants to be conveyed to w~RKoURCE and shall not be liable to UvoRKoUCE for any other actual or consequential damages, direct or indirect, interest, attorney foes, or costs of court for any act of default by Corporation under the terms of this agreement. it is further specifically agreed that Corporation shall only be required to pay the grant amounts solely out of its sales tax revenue currently collected, allocated and budgeted and to be allocated, budgeted and collected for 1N~RK~URCE during the term of this agreement, Payment by Corporation is strictly limited to thane funds so allocated, budgeted and collected solely during the grant term of this agreement, being January ~ , X008, through June ~ , X009. Corporation shall use its best efforts to anticipate economic conditions and to budget accordingly. However, it i further understood and agreed that, should the actual total solos tax revenue collected for any one year be loss then the total amount of grants to be paid to all contracting parties with Corporation far that year, then in that event, all contracting porkies shall receive only their pro rata share of the available sales tax revenue for that year, less Corporation's cutornary and usual costs and expenses, as corepared to each contracting parties' Brent amount for that year, and Corporation shall not be liable to wo~K~URCE for any such deficiency at that tjme or at any time in the future, In this event, Corporation will provide all supporting documentation, as requested. Payments to be made to w~~~B~URCE shall also require a written request from woRK~URCE tv be accompanied by all necessary supporting documentation. Corporation shall have thirty {~~}_ days to make payment after receipt of H~LegDirlgwslE~;oDev1111~RKS~URCEI~r~~tlr~centiv~ 4A ~71~~~ Page ~ of 1 G such payment request. Tl~e payment request should be directed to the address provided for Corporation beJovrr. VIII. D~FII~ITION As used in this agreement, the follo~ring ~rords or phrases shall have the follov~ring meanings: 8.~ City of Dorpus Christi or City shall mean the governing municipal corporation, the area that is v~rithin the city limits of the City of Corpus Christi, Texas, 8.~ Compliance shell rrrean timely, fully and completely perforr~ing or meeting each and Query requirement, obligation, duty, condition, or Warranty as stated in this agreement. Compliance shall mean complete compliance and shall not Crean substantial compliance. 8. Act of Default shall mean failure to timely and fully car~ply ~ulth one or more requirements, obligations, duties, terms, conditions or vuarranties} as stated in this agreement. Corporation nay, in its sole discretion, accept substantial compliance in lieu of full compliance by uvaiving such act of default solely by an instrument in ~rriting. ~.4 Insolvent shall mean failure to timely pay debts in the ordinary course of business or cannot pay debts a they become due, or is Insolvent Within the meaning of the federal bankruptcy lave. 8.5 Force IUlajeure shall mean severe Feather such as tornadoes or flooding, gars, riots and the unavailability of necessary and essential equipment and supplies from all sources. I~. ~NERAL TERMS .~ Effective Date, The effective date of this Agreement ~"Effective Date"} is the latest date that either parley executes this Agreement. ~.~ Term, The term of this Agreement is eighteen months from the Effective Date. Terminations This Agreement may be terminated by mutual agreement of the parties or by either party, open the failure of the other party to fulfill an obligation s set forth herein. The termination of this Agreement shall extinguish ell rights, duties, obligations, and liabilities of the parties under this Agreement, except all rights, duties, liabilities, and obligations accrued prior to such termination shall survive termination. 9.4 Compliance v~rith Lavus, This Agreement i subject to all legal requirements in the City Charter and bode of ordinances of the City ofCorpu Christi and all otherappllcable county, state, end federal lags. ~voRK~URCE shall observe and obey all applicable lavers, ordinances, regulations, and rules of the Federal, state, County and City governments, as may be annended or enacted. This Agreement shall be governed by and construed in accordance v~rith the lags and court decisions of the state of Texas. ~,5 Assignment, This Agreement shall be binding upon the parties hereto and their successors and assigns, Hevrraver, I~v~Rl~~URCE may net assign all or any part of its rights, privileges, or duties under this Agreement ~vithout the prior Britten approval of the H:LegDirlgws~E~DevVI~ORKoUR~ElDrafklncentive 4A ~~12~8 gage 9 of 1 corporation and pity. Any attempted assignment without approval is void, and constitutes ~ breach of this Agreement. 9.~ lndernni~y. To the ex~en~ pern~it#ed by lain, WORf~~R~ wi#! #na~e~nr~~fy, gave, and hold harm#ess the orpora~ion, fhe ~~r, their respect#v~ off~cer~, er~~#~y~e, ar~~f a~enfs ~"#r~d~r~r~i~~e'} aain# af# #ia~b#l#ty, damage, #os, ~l~ir~, demand, rrd act#or~ of~rry klnal ~r~ a~c~u~~ o~~eror~a1 irrjurie {irrcludin~, wi#f~o~f #fr#~lr~g the fareoing~, workers' campena##on and ~fea~f~ Ala#m}~ or property #os or dar~ae o~ any lrr'nd, which ar#e out of or are ire and r~arrr~er ~or~r~e~eaf w##h, or are c#ar'rned #o arise ouf of or he in any manner connected w#~h VIIOR#CO[114~ act#vi~ies cor~du~~ed under or incr'den~al ~o fhis Agreeen#, r'r~clud#r~~ a-~y injury, doss or afarnae caused by the sole or conlribu~ory net##ence of ar~y or al! of ff~e lrrdernr~#lees. W~R#C~[114E n?usf, a# ## ouvn expense, #~rves~#gafe a## ~i~ose ~#eirns arraf dernar~d, af~er~a~ #o ~#rerr sei~#ernerrf or o#her a~r'sp~sl~#an, deferral i# ac#ion baea~ orr ~#rose c#ai~n ar~d de-narr~fs w~~h counse# sa#fsfac~ory to Indernnr'fees, and pay a## charges of a#torneys and all ofher cons and expenses of arry kind ar#s#n from ##re I#ah##ity, da#na~e, less, c#a#rn, degrands, ar ac~ior~s. 9.T Buy Local Provision, w~RK~URE agrees to use its best efforks to give preference and priorit~to Ivcal manufacturers, suppliers, contractors, and labor, except where not reasonably passible to do so without added expense, substantial inconvenience, or sacrifice in operating efficiency. For the purposes of this section, the tern "local" as used to describe manufacturers, suppliers, contractors, and labor includes firms, businesses, and persons who reside in or maintain an office within a O~mile radius of Nueces bounty. ~.8 Notices. a. Any required written notices shall be sent mailed, certified mail, postage prepaid, addressed as follows: coastal Bend Workforce Development Board: Vl~orkBource of the coastal Bend clo Larry Demieville Director of Business Development Ogg Mann Street, Buite ~ DgQ corpus Christi, Texas 7840 corporation: pity of corpus Dhristi Business and Job Deveiopment corporation Attn: Executive Director ~ 0 ~ Leopard street corpus Christi, Texas ~~401 b. A copy of all notices and correspondence must be sent to the pity at the following address: H:t*egDirlgws#~coDev111fo~KoURC~IDraftlncer~tive 4A ~~122~ Page 10 of ~fi pity of corpus Christi Attn.: pity Manager P.D. Box ~7~ Corpus Christi, Te~cas ~84~~-9~7~ c. Netice is effective upon deposit in the United states mail in the manner provided a beve . . Incorporation of ether dvcurnent. a. The Corpus Christi Business Job Development Corporation guidelines ~ criteria far granting Business incentives ~"Corparat'ron Guidelines"}, adapted epternber ~ 8, 2aa7, are incarparated into this Agreement. b. ~U~R~t~UC~ applicatian submitted to the Corporation far business incentives ~"'Application"} is incarparated into this Agreement, c. If there is any conflict in the terms of these documents, the follo~ring order controls: {i}This Agreement, iii} orporatian guidelines, {iii} Application. g.~0 Amendments or Modifications. Na amendments ar rnodificatior~ to this Agreement may be made, nor any provision v~aived, unless in writing signed by a person duly authorised to sign agreements on behalf of each party 9.1 ~ Relationship of Parties. In performing this Agreement, both the Corporation and ~R~C~U RCE gill act in an ind ivid ua~l capacity, and not as agents, representatives, employees, employers, partners, joint-venturers, ar associates of one another. The employees or agents of either party may not be, nor be construed to be, the employees or agents of the other party far any purpose. 9.~~ Captions. The captions in this Agreement are far convenience only and are not a part of this Agreement, The captions do not in any gray limit or amplify the terms and provisions of this Agreement. .~ Beverability. .1 If far any reason, any section, paragraph, subdivision, clause, provision, phrase or word of this Agreement ar the applicatian of this Agreer~ent to any person or circumstance is, to any extent, held illegal, invalid, or unenforceable under present or future l~v or by a~ final judgment of a court of carnpetent jurisdictian, then the remainder of this Agreement, erthe application of the term or pravisian to persons or circurristances otherthanthose as to v~rhich it is held illegal, invalid, or unenforceable, v~rill not be affected by the law or judgment, far it is the definite intent of the par#ies to this Agreement that every section, paragraph, subdivision, clause, pray+sion, phrase, ar uvord of this Agreement be given full farce and effect for its purpose. .~ To the extent that any clause or pravisian is held illegal, invalid, or unenforceable under present or future law effective during the term of this Agreement, then the remainder of this Agreement i net effected by the iavrr, and in lieu of any illegal, invalid, or unenforoeable clause or provision, a clause ar provision, as similar in terms H:~.egDirlgwslEcaDevVII~RK~URCEIDraftlncentive ~A ~7122fi Page ~ ~ of ~ ~ to the illegal, invalid, or unenforceable clause or provision as may be possible and be legal, valid, and enforceable, will be added to this Agreement autor~atically. x.14 Venue. Venue for any legal action related to this Agreement is in Nueces County, Texas. wCRK~URCE consents to, and waives any objections to, in personum jurisdiction in Nueces County, Texas. This agreement and the relationship between Corporation and CRE~CURE shall be governed and interpreted under the laws of the state of Texas without regard to any conflict of laws or provisions, 9.~ 5 dole Agreement. This Agreement constitutes the sole agreement between the Corporation and 1CRKCURCE. Any prior agreements, promises, negotiations, or representations, verbal or otherwise, not expressly stated in this Agreer~ent, are of no force and effect, Except as otherwise provided herein, this Agreement cannot be modified or amended uvithout a written agreement of the parties, 9.~ Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original and constitute one and the same instrument. 9.~ ~ Representation. Corporation represents that no Corporation board member or employee, City of Corpus Christi officer or employee, has been or will be cor~pensated in any manner with respect to directly or indirectly bringing the porkies hereto together, agreement negotiations, or the entering into of this Agreement. In no event gill woRl~oURCE pay a fee to or in any manner compensate any Corporation board member or employee, City of Corpus Christi officer or employee, in connection with the acceptance of this Agreement. ~ breach of this provision ~'l 0.1 ~~ shall result in automatic and immediate termination of this Agreement, and shall bean act of default by woR~CCURCE. .~ 8 ether Con#racts, It i understood by IIUORktCIJRCE that Corporation has heretofore entered, and may hereafter enter, into contracts with other companies or persons upon terms and conditions differentfrom the terms and conditions of thisAgreement, and UVRK~URE has no standing to object whatsoever to any such contracts or require any modifications or changes to its Agreement due to such other agreements. ~.~~ Corporation, its officers and employees, and its agents or contractors retained to perform economic development services for Corporation, shall treat as confidential the financial statements of w~RKOURCE and shall not release such information to the public, unless required by law or court order, Corporation shall immediately notify oRK~URCE of requests or court orders to release such information. ~.~~ All representations, warranties, covenants and agreements of the parties, as well as any rights and benefits of the parties pertaining to the transaction contemplated hereby, shall survive the original execution date of this agreement. H:LegDirlgwslEcaDevlNORI~OURC~1Dra#tlncentiue 4A ~7~~26 Page 1 ~ of 1 ~ E~EUTED on the date sh~~rn opposite the signature of each party. Darpus Christi Business .lob Development Corporation By: Elo ala ar,~ hairperon Date; -~ Attest By: Arrnando Chaps, As start Secretary Coastal Bend 1~Ilor~force Development Board ApproMede61Di0t~l: ~ ~ ~"°Z ~+ ` d ry St~h dba Wor Sour f the Coastal Bend A~~~`"~ ~ ~~ Far CI3y Attorney By: M nn R as President CE4 Date: ~/ OS' !JS Attest: By: Title: Federal Tax ID No.. Dorporate Seal: The State of Texas§ a1' ~OtflMCft ( '' ~6 s~ ~~ ~,~. County of Nueces ~~-- -~ ~ ~ ~~ ~r Before me ~ Nota s nacre on this da ~ rY y~ Y personally appeared nary Ann Roias, President E~ of coastal Bend l~orkforce Development Board, dba Iorkource of the Coastal Bend, kno~vn to me to be the person chose name is subscribed to the foregoing instrument and ackno~rledged to me that he executed the same in the capacity stated as the act of Vl~orkSource, a local ~Ilorkforce Board, for the purposes and consideration expressed in the instrument. Given under my hand and seal of office this the ~> day of,~, 200~~~) ;. ~ ~~(PIRES '+ta~,;} `~~ ~~~4~0 Kota Public, t8 f ex ~i:LegDirJgwslEcaDevVtiI~RKSQURCE1Draft~r~~entive ~A ~7~2~8 Page 1 of 1 ~ HEDU~.E DHEDULE A V~IOR~CoURE' VII~~I~~URE's TIME of ~RPORATI~N' oIVDITION PRECEDENT PERF~MANE PERF~~IANE AND PERF~RMANDE REQUIREMENT RECUIREII~ENT Employment of o interns January 1 ~ througf~ IVlay ~ ~, An amount not to exceed far 2g hours per week and ~ 20DS ~,g2D payable in monthly weeks per semester during installments based upon the spring semester of ~oo~, invoices received from with a goal of contacting ~ as wR~~URE small business employers to participate in the internship program, referring small business employers to Texas A&M University-corpus Christi and Def I~arallege, providing follo~nr-upon contacts, with w~Rl~~URE providing administrative oversight, direct supervision, and workplace resources far the interns. Er~pfoyment of two interns August ~ through December An amount not to exceed far ~0 hours per week and 1 ~ ~ b, ~o~ 7,8~g~ payable in v~eeks per semester during monthly instaflrnent based the Fall eester of 2og8, upon invoices received from with a goal of contacting ~ 00 11vORI~C~URE srr~afl business employers to participate in the internship program, referring small buiress employers to Texas AIUI University-corpus Christi and Del hllar college, providing follow-upon contacts, with w~R#~URE providing administrative oversight, direct supervision, and workplace resources forthe interns. Employment of two interns January 1 through llay ~ ~, An amount not to exceed forg hours perweekand 12 7, ~G0' payable in H:I.eg~irlgwslE~oa~vlNa~~CSDURCEJDr~ftln~entive 4A 07122 Page ~4 of ~ ~ ~veeks per semester during the spring er~ester of 2009, vuith goal of contacting ~~0 r~all business er~ployers to parkicipate in the internship prograr~, referring small business empiayers to Texas ABM University-corpus Christi and Del ll~ar ~aflege, providing fallar~~up on cantacts, v~rith Vv~RK~UR~E praviding adrr~inistrative oversight, direct supervision, and v~orkplace resaurces far the interns. 2009 monthly intallrnents based upon invoices received from I~R~CaURE HEDULE B ~VDRi~aUR~E' PERF~RMANE V~faRKaURE'a TIME DF REC~U~REMEhIT PERF~RMANE Praviding administrative oversight at the Beginning January 15, 200 and continuing Board and fled staff level; direct supervisian during the spring and Fali semesters of 200 t the field staff level; and ~rvrkplace and the spring er~eter of 2009. resources, computers, telephones, and the administrative casts to process the pay of the tvva interns in the small business employer outreach campaign, HED~JLE INaRI~aURE's PERFaRMAN~E V~faR~CaURE' TIME ~F REQUIREMENT PERFORMANCE create and maintain not less than twa intern January 1 ~ through flay 1 , 2000 ~~} employment pasitian to assist in the mali business emplayer intern pragrarn for its facility in orp~s ~hristi,111ueces bounty, Texas, pith an hourly v~age of 1 ~ .7a per hour, plus personnel costs during the spring semester of 2008. F~:LegDirlgvusl~caQevWQR~CSDURC~lDraftln~entive 4A 07122 Page ~ ~ of ~ 0 create and maintain not less than tuvv intern ~~} employment positions to assist in the small business employer intern program for its facility in corpus Christi, Nueces bounty, Texas, with n hourly vuage of ~ ~ 10 per hear plus personnel costs during the Fall er~eter of OOH and the spring semester of 2009. August ~5 through Decernher 15, ~OO~ and January ~5 through gay 15, X009 H:LegDirlgwsl~caDevVIIDRKS~UR~E1~r~ftlr~centiv~ 4A Q~1~~B Page ~ ~ of 10