HomeMy WebLinkAboutC2012-166 - 6/12/2012 - ApprovedBUSINESS INCENTIVE PROJECT SERVICE AGREEMENT
This Business Incentives Project Service Agreement ( "Project Service Agreement ") is
entered into between the Corpus Christi Business and Job Development Corporation
(Type A Corporation ") and the City of Corpus Christi, Texas ( "City").
WHEREAS, the Texas Legislature in Section 4A of Article 5190.5, Vernon's Texas
Revised Civil Statutes (Development Corporation Act of 1979), now codified as Subtitle
C1, Title 12, Texas Local Government Code, empowered local communities with the
ability to adopt an optional local sales and use tax as a means of improving the
economic health and prosperity of their citizens;
WHEREAS, on November 5, 2002, residents of the City passed Proposition 2, New and
Expanded Business Enterprises, which authorized the adoption of a sales and use tax
for the promotion and development of new and expanded business enterprises at the
rate of one - eighth of one percent to be imposed for 15 years;
WHEREAS, the 118 cent sales tax authorized by passage of Proposition 2 was
subsequently enacted by the City Council and filed with the State Comptroller of Texas,
effective April 1, 2003, to be administered by the Type A Corporation's Board of
Directors ( "Board ");
WHEREAS, the Type A Corporation exists for the purposes of encouraging and
assisting entities in the creation of jobs for the citizens of Corpus Christi, Texas;
WHEREAS, the Board of Directors of the Corporation ( "Board "), on September 10,
2007, amended the Corporation's Guidelines and Criteria for Granting Business
Incentives;
WHEREAS, the City Council approved the Corporation's amended Guidelines and
Criteria for Granting Business Incentives on September 18, 2007, which the City
Council incorporated into the City of Corpus Christi Economic Development Incentive
Policies 2009 -2011 on November 17, 2009;
WHEREAS, the Board, on October 18, 2010, again amended the Corporation's
Guidelines and Criteria for Granting Business Incentives;
WHEREAS, Section 501.073, Texas Local Government Code (formerly Section 21 of
the Texas Development Corporation Act of 1979, Art. 5190.5, Vernon's Texas Revised
Civil Statutes), requires the City Council to approve all programs and expenditures of
the Type A Corporation;
WHEREAS, Del Mar College Foundation ( "Del Mar") has submitted a proposal to the
Type A Corporation for a $750,000 grant for locating their headquarters in Corpus
Christi;
2012 - 166
Res. 029520 Page 1 of 3
6/12/12 t Agreement Type A City
CC Business & Job Dev Corp ` Np�CED
WHEREAS, the Type A Corporation and Motorglobe have executed a business
incentive project agreement for the creation of jobs related to Motorglobe locating their
headquarters in Corpus Christi.
In consideration of the covenants, promises, and conditions stated in this Project
Service Agreement, the Type A Corporation and the City agree as follows:
'I. Project Service Agreement to Implement Business Incentives Agreement. This
Project Service Agreement between the City and the Type A Corporation is executed to
implemenfthe Business Incentive Agreement for the Creation of Jobs between the Type
A Corporation and Motorglobe related to Motorglobe locating their headquarters in
Corpus Christi ( "Business Incentive Agreement ").
2. Term. The term of this Project Service Agreement runs concurrently with the term of
the Business Incentive Agreement.
3. Services to be Provided by City.
a. The City Manager, or the City Manager's designee, shall administer funding
on behalf of the Type A Corporation.
b. The City Manager, or the City Manager's designee, shall perform contract
administration responsibilities outlined in the Business Incentive Agreement for
the Type A Corporation.
4. Appropriation of Funds. Any future payments by the City are subject to
appropriation of funds by City's Council.
5. Effective Date. The effective date of this Project Service Agreement is January 1,
2013.
6. Amendments or Modifications. No amendments or modifications to this Project
Service 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.
7. Severability.
a. If for any reason, any section, paragraph, subdivision, clause, provision,
phrase or word of this Project Service Agreement or the application of this
Project Service Agreement to any person or circumstance is, to any extent, held
illegal, invalid, or unenforceable under present or future law or by a final
judgment of a court of competent jurisdiction, then the remainder of this Project
Service Agreement, or the application of the term or provision to persons or
circumstances other than those as to which it is held illegal, invalid, or
unenforceable, will not be affected by the law or judgment, for it is the definite
intent of the parties to this Project Service Agreement that every section,
paragraph, subdivision, clause, provision, phrase, or word of this Project Service
Agreement be given full force and effect for its purpose.
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Del Mar Foundation Business Support Agreement Type A City
affected by the law, and in lieu of any illegal, invalid, or unenforceable clause or
provision, a clause or provision, as similar in terms to the illegal, invalid, or
unenforceable clause or provision as may be possible and be legal, valid, and
enforceable, will be added to this Project Service Agreement automatically.
8. Captions. The captions in this Project Service Agreement are for convenience only
and are not a part of this Project Service Agreement. The captions do not in any way
limit or amplify the terms and provisions of this Project Service Agreement.
The City of Corpus Christi
City Manager
Date: l �-
Attest
Armando Chapa
City Secretary
Corpus Christi Business &
Job Development Corporation
E alazar
President
Date:
fly C L)(
SECRETARY
APPROVED AS TO FORM: of
harlo Chem
AssisfW City Attorney
For City Attorney
Rugged Cycles Business Support Agreement Type A City
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