HomeMy WebLinkAboutC2008-187 - 6/24/2008 - ApprovedFIRST AMENDMENT TO
AGREEMENT TO GRANT BUSINESS INCENTIVES TO
TEXAS A&M UNIVERSITY-CORPUS CHRISTI
FOR THE RETENTION OF JOBS
A. The Agreement to Grant Business Incentives for the Retention of Jobs
("Agreement") between the Corpus Christi Business and Job Development Corporation
("Corporation") and Texas A&M University-Corpus Christi, ("TAMU-CC"), last executed
on January 8, 2008, is amended as follows:
1. The third paragraph of Section 1.2 is revised to read as follows:
"The program will commence in the spring semester of 2008, continuing through the fall
semester of 2008, and concluding with the spring semester of 2009. Seventy intern
positions are to be provided. The grant amount is $125,929, with $107,520 being used
for intern matching funds which will be equally matched by the small businesses'
contributions. The $18,409 is for two half-time intern positions for tree-spring
semesters of 2008 and 2009 and one half-time intern aosition during the summer
session of 2008 and fall semester of 2008 within the Office of Career Services to assist
with administration and evaluation of the program. It is anticipated that duo to two
interns will be used in spring semester of 2008, 13 interns will be used in the summer
session of 2008, 25 interns in the fall semester of 2008, and 30 interns in the spring
semester of 2009. The pertormance requirements shall be continuously maintained
during the entire term of this agreement."
2. Schedule A of Section 2.1.1 is revised to read as follows:
SCHEDULE A
TAMU-CC's CONDITIONS TAMU-CC's TIME OF CORPORATION's
PRECEDENT AND PERFORMANCE PERFORMANCE
PERFORMANCE REQUIREMENTS
REQUIREMENTS
Placement of ~tIY ~^ ^ ~^+ ^^++^ ~~^~^~+
45 two 2 interns with small ~OAB Mav 30
2008
,
businesses in Corpus
Christi, placement based on
the needs of the small TAAAl4-C6 $8.491 savable
business with the goal of no later than June 15. 2008
providing the business with
resources that make the
business more effective
and/or provide growth
opportunities. The primary
goal of the program is to
prOVide Suooort to small
2008-187
Res. 027740 Page 1 of 6
06/24/08 nendment 061708.doc
Texas A&M Univ. - Crp. Chr.
iND~X~®
businesses in Corpus
Christi that will encourage
growth, retention, economic
development and job
creation. Employment of
two interns for 20 hours per
week and 12 weeks per
semester during the Spring
Semester of 2008, within
the Office of Career
Services to assist with
administration and
evaluation of the program.
Placement of up to 13
i August 15 2008 ~ to $21 094 payable no
nterns with small
b later than September 15
usinesses in Corpus
Christi. placement based on 2008
the needs of the small
business with the opal of
providing the business with
resources that make the
business more effective
and/or provide growth
opportunities. The primary
goal of the program is to
provide support to small
businesses in Corpus
Christi that will encourage
growth, retention economic
development and iob
creation. Employment of
one intern for 20 hours per
week and 12 weeks per
semester during the
Summer Session of 2008
within the Office of Career
Services to assist with
administration and
evaluation of the program
Placement of appfe~cir~atety Aag~st~t#reagp
Up t0 25 interns with small December 31, 2008 $4~ggg
~~~
businesses in Corpus y
n,,,,,~,,,,, ; *,,,, 4 ,~
Christi, placement based on `--~" """'~ '"""'""
the needs of the small ~Up t0
business with the pal of 42 242.55 payable no later
Page 2 of 6
TAMUCC Development Agreement Amendment 061708.doc
providing the business with
resources that make the than January 15, 2009
business more effective
and/or provide growth
opportunities. The primary
goal of the program is to
provide support to small
businesses in Corpus
Christi that will encourage
growth, retention, economic
development and job
creation. Employment of
twe one interns for 20
hours per week and 12
weeks per semester during
the Spring Semester of
2008, within the Office of
Career Services to assist
with administration and
evaluation of the program.
Placement of aPNre~aatety ~agh-May
Uq t0 30 interns with small 4~~OggMav 30 2009
~'
~
businesses in Corpus eat~
Y
mon+L. h
~
4 II
Christi, placement based on .
..
4 L. rl
the needs of the small
business with the goal of f~e~Apgl~-~tJD t
providing the business with $54,101.45 payable no later
resources that make the than June 15, 2009
business more effective
and/or provide growth
opportunities. The primary
goal of the program is to
provide support to small
businesses in Corpus
Christi that will encourage
growth, retention, economic
development and job
creation. Employment of
two interns for 20 hours per
week and 12 weeks per
semester during the Spring
Semester of 2008, within
the Office of Career
Services to assist with
administration and
Page 3 of 6
TAMUCC Development Agreement Amendment 061708.doc
evaluation of the program.
3. Schedule C of Section 2.2.2 is revised to read as follows:
SCHEDULE C
TAMU-CC's PERFORMANCE TAMU-CC's TIME OF PERFORMANCE
REQUIREMENTS
Create and maintain not less than two January 15 through May 15, 2008
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 $11.70 per hour, plus personnel
costs during the Spring Semester of 2008.
Create and maintain not less than one May 15 through August 15 2008
intern (1) emplovment position to assist in
the small business employer intern
program for its facility in Corpus Christi
Nueces County, Texas with an hourly
wage of $11.70 per hour plus personnel
costs during the Summer Session of
2008.
Create and maintain not less than one August 15 through December 1-531, 2008
intern (1) emplovment position during the and January 15 through Ma
x-530
2009
y
,
Fall 2008 semester and not less than two
intern (2) employment positions during the
Spring 2009 semester to assist in the
small business employer intern program
for its facility in Corpus Christi, Nueces
County, Texas, with an hourly wage of
$13.10 per hour plus personnel costs
during the Fall Semester of 2008 and
Spring Semester of 2009.
Page 4 of 6
TAMUCC Development Agreement Amendment 061706.doc
4. Section 9.10 is revised to read as follows:
"9.10 Amendments or Modifications
".1 No amendments or modifications to this Agreement may be made, nor any provision
waived, unless in writing signed by a person duly authorized to sign agreements on
behalf of each party.
".2 The Citv's Director, Economic Development and TAMU-CC's Dean of Outreach are
authorized to agree by exchange of letters to minor amendments to this Agreement that
reallocate the number of interns and periods of time during which interns will be
employed under the Agreement. and the amount of reimbursement for the period
However, the minor amendments may not result in an increase in the total expenses
eligible to be reimbursed under this agreement "
B. This amendment to the Agreement takes effect on the latest date that either party
executes this amendment
C. This amendment does not effect the term of the Agreement
D. Any provision of the Agreement that is not expressly amended by this amendment
remains unchanged and in full force and effect.
E. This amendment to the Agreement may be executed in any number of counterparts,
each of which shall be deemed an original and constitute one and the same instrument.
EXECUTED on the date shown opposite the signature of each party.
Corpus Chris ' usines & ob Development CorporaJJti~~o~~n //~~~~~~/~~
By' .1~L's1:1L>w..:1..1~. AUTHORIlk~
EI S zar hairperson `12 p~,
6P C.OUNCII.,._~
Date: ~ - g- v ~
Attest
By: `~--
Armando Chapa, Assistant Secretary
Page 5 of 6
TAMUCC Development Agreement Amendment 061708.doc
Texas A8rM University-Corpus Christi
By: ~),~..i.
Ji Need a ,Dean of Community Outreach
Date: fo ~ 1 ~ Z~R
Attest:
By:
Title:
Page 6 of 6
TAMUCC Development Agreement Amendment 061708.doc