HomeMy WebLinkAboutC2011-474 - 12/6/2011 - ApprovedFIRST AMENDMENT TO THE BUSINESS INCENTIVE AGREEMENT
BETWEEN THE CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT
CORPORATION AND DEL MAR COLLEGE FOR DEVELOPMENT OF THE
AVIATION MAINMANCE TECHNIdIAN TRAILING FACILITY AT CORPUS
CHRISTI INTERNATIONAL AIRPORT
This First Amendment to the Business incentive Agreement for ( "Amendment ") is
entered Into between the Corpus Christi' Business` and lob Development Corporation
( "Corporation ") and Del Mar College ( "Del Mar "), a political subdivision of the State of
Texas.
WHEREAS, the Corporation and Del Mar entered into that certain Business Incentive
Agreement between the Corpus Christi Business an-1 .fab Development Corporation
and Del Mar College for Development of the Aviation Maintenance Technician Training
Facility at Corpus Christi International Airport, dated A11 z 2011
('Agreement "),
WHEREAS, Del Mar has requested an additional $225,000 for t he Aviation
Maintenance Technician Training Facility at the Corpus Christi International Airport,
WHEREAS; the Corporation agrees that it is in the best interests of the residents of the
City of Corpus Christi to provide the additional funding requested by Del Mar;.
NOW, THEREFORE, in consideration of the covenants, promises, and conditions stated
in this Amendment the Corporation and Del Mar agree as follows:
1. The effective elate of this Amendment is the latest date that either party executes
this Amendment.
2. Section 3 of the Agreement is hereby amended by amending subsections b and
d to read as follows;
b. Del Mar shall invest at least $1,166,270 in the renovation of the hangar,
including instructional equipment: and furnishings,. used for the Aviation .
Maintenance Technician Training Program at Aviation Maintenance Technician
Training Facility to be located on the Corpus Christi International Airport, Del
Mar shall annually report their actual investments at the facility, and provide
documentation to support the report to the Corpus Christi Business and Job
Development Corporation.
d. The Corporation will reimburse Del Mar for the costs incurred by Del Mar to
rehabilitate and improve the existing hangar at. Corpus Christi International.
Airport for the Aviation Maintenance Technician Training Facility, including the
purchase of fixtures, furnishings, and instructional equipment. The amount
reimbursed by the Corporation may not exceed $1,1:66,270:
3. This Amendment embodies the entire agreement between the Corporation and
Del Mar with respect to the amendment of the Agreement. In the event of any conflict
2011 -474
1216111 Page 1 of 3
Res029302
CCBJDC and Del Mar College INDEXED,
or inconsistency between the prov isions of %his Amendment and the Agreeme the
provis of this Amendment shall control.
4. Except as specifically modified and amended herein, all other terms, provisions,
requirements. and specifications coot ihed in the Agreement shalt remain in furl force
and effect.
5. This Amendment shall be governed by the laws of the State of Texas.
CORPUS CHRISTI BUSINESS & JOB DEVELOPMENT CORPORATION
Bye.
Elo a azstr
President
Efate: �
Attest:
By .
Armando Chapa
Secretary
Q,5 bZ 6 - Z
.. Au" ti uKid��
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Page 2 of 3
DEL MAR COLLEGE
MaFk Escamilla, Ph,D,
President
Date: / - z 4?-
THE STATE OF TEXAS
COUNT`( OF NUECES=
This instrument was acknowledged before me on Vii' � 2011, by
Mark Escamilla, Ph.Q_, as President of Del Mar College, a political subdivision of the
State of Texas, on behalf of the college.
ary Public
State of Texas
JESSICA ANN ALANIZ
! Notary P""Ic
STATE Or TEXAS
+. or My Comm. bP. 07_l6.2012
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