HomeMy WebLinkAboutC2008-266 - 6/24/2008 - ApprovedTHE STATE OF TEXAS § FIRST AMENDMENT TO
§ CHAPTER 380 AGREEMENT
COUNTY OF NUECES § FOR ECONOMIC DEVELOPMENT
INCENTIVES
The Chapter 380 Agreement for Economic Development Incentives between Sam Kane
Beef Processors, Inc. ("OWNER") and the City of Corpus Christi ("CITY"), which was
approved by the City Council on December 19, 2006, is amended by revising Section
IV, Incentives, to read as follows:
"IV.
"Incentives
"In exchange for the OWNER's promise to complete the Program, as set forth in
the attached Exhibits, in accordance with this Agreement, CITY shall, as an incentive,
defer the billing of eighty percent (80%) of Owner's utility billings beginning on the
effective date of this agreement through December 31, 2007. Such deferred utility
billings shall be payable in full by Owner to the City at 1201 Leopard Street, P.O. Box
9277, Corpus Christi, Texas,
by December 15, 2009. ,
++~#ul~ bearing interest at the rate of 5.25% per annum, payments credited first to
accrued interest, balance to principal."
This amendment takes effect upon the execution of this amendment by the last party to
the Agreement that executes this amendment.
SAM KANE BEEF PROCESSORS, INC.
Date: a,1 ~ ~~ gy. ~-
Jerry K e
President and CEO
2008-266
06/24/08
M2008-154
Sam Kane Beef Processors
THE STATE OF TEXAS §
COUNTY OF NUECES §
RuGN ST
This instrument was acknowledged before me on dzme ~ , 2008, by Jeny Kane,
President and CEO, Sam Kane Beef Processors, Inc., a Texas domestic for-profit
corporation, on behalf of the corporation.
/~of" ~~
Notary Public
State of Texas
~,..~ AICNAAD WILLAAD PiUNA2R
~~ Notary Publk
STATE OF TEXAS
~''.g,~.,¢" My Comm. Exp. 03.13.2011
CITY OF CORPUS CHRISTI
Date: ~ 202 ~ o
By:
George K. Noe
City Manager
ATTEST:
Armando Chapa
City Secretary
APPROVED AS TO FORM:
~ ~~b -15 AUTHORIttr
~r caurrca.. ~~~~„~
_.__-~._ ..arc
SECkfTARY /ob•
R. J eip' g
First Assi§tant Ci ttorney
For City Attorney
THE STATE OF TEXAS §
COUNTY OF NUECES §
ST
This instrument was acknowledged before me on ~~, 2008, by George K. Noe,
City Manager, City of Corpus Christi, a Texas municipal corporation, on behalf of the
corporation. ~
~P iriyi o El~ir iP~
Notary Public
State of Texas
~w'r""r'~~~~ JEANNIE HOLLAND
~'' ~' ~ Notary Public, State of Texas
~~-.< My Commission Expires
~•.;`~+t;°F November 04, 2009
~ st Amendment Kane 380 Agreement 2