HomeMy WebLinkAboutC2010-352 - 9/14/2010 - ApprovedFIRST AMENDMENT TO
SMALL BUSINESS INCENTIVE AGREEMENT BETWEEN THE CORPUS CHRISTI
BUSINESS AND JOB DEVELOPMENT CORPORATION AND DEL MAR COLLEGE
FOR THE FASTRAC GROWTH VENTURE PROGRAM
A. The Small Business Incentive Agreement between the Corpus Christi Business and
Job Development Corporation and De[ Mar College for the FasTrac Growth Venture
Program ("Agreement"}, last executed on June 15, 2009, is amended by revising
Section 3 to read as follows:
" 3, Grant. The Corporation will fund up to 24 $5,000 grants to be awarded to twelve
successful participants in Del Mar's FastTrac® Growth Venturer"'. FastTrac4
Growth Venture TM is an intensive ten week, interactive course that targets existing,
successful small business owners with a desire to grow their business.
"a. In order to receive an ini#ial $5,000 grant, prior to~la~~; ~~Q
December 31, 2010, the successful participants must:
"(1) Complete the course.
"(2) Represent a "business expansion."
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Retain all of their existing jobs.
"b. In order to receive a second $5,000 grant, the successful participants
must create and retain t#e-at least one new job ~~+ „<.~~ nrd°+o,~ for a
minimum of six morZths, while retaining all of their existing jobs."
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.
2010-35~
Res. 02877 Page 1 of 2
09~14~1~reement -- Del Mar FastTrac 08102010
Del Mar College ~ ~~~~
Corpus Christi Business & Job Development Corporation
By:
Elay alazar, Chairp rson
Date: `/ ~
' ~~ ear~r~rll..~D
Attest
„~
S£C~~T~~v
Armando Chapa, Assis ant Secretary
Del Mar College
y: ~ ~
ark Escamilla, Ph.D
President
Date: ~ ~ ~ " ` ~
THE STATE OF TEXAS
COUNTY OF NUECES
This instrument was acknowledged before me on ~ , 2010, by
Mark Escamilla, Ph.D, for Del Mar College, a political sta division of a State of Texas,
an behalf of the college district.
Notary u lic
State of Texas
as'w"°°>,;~ MARY SU5 K.t5PAR
'„-~~ n' NotaryPubEic
ry SfR7E 4F'rF~t45
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Page 2 of 2
FirstAmenment -- Small Business Agreement -- Del Mar FastTrac 08102010