HomeMy WebLinkAboutC2013-182 - 5/28/2013 - Approved FIRST AMENDMENT TO THE SMALL BUSINESS INCENTIVES AGREEMENT
BETWEEN THE CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION
AND DEL MAR COLLEGE FOR AN INTERN PROGRAM TO SUPPORT SMALL
BUSINESSES
This First Amendment to the Small Business Incentives Agreement for ("Amendment") is
entered into between the Corpus Christi Business and Job 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 Small Business Incentives
Agreement between the Corpus Christi Business and Job Development Corporation and Del
Mar College for an Intern Program to support small businesses, dated August 21, 2012
("Agreement");
WHEREAS, Del Mar has requested an additional $72,804.35 for the Intern Program to support
small businesses;
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 date of this Amendment is the latest date that either party executes this
Amendment.
2. Section 3 of the Agreement is hereby amended by amending subsection a to read as
follows:
a. The Corporation will grant Del Mar an incentive of up to Two Hundred Forty Six
Thousand Twenty Seven and 351100 Dollars ($246,027.35), which must be used to fund
one half of the salary of up to a total of 110 interns during the Fall Semester of 2012,
Spring Semester of 2013, and Summer Session in 2013, and the entire salary of two
interns hired to help administer the program during the Fall and Spring Semesters and
Summer Session. The interns will be paid twice the minimum wage, while participating
in Del Mar's Small Business Employer Intern Program.
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 or inconsistency
between the provisions of this Amendment and the Agreement, the provisions of this
Amendment shall control.
4. Except as specifically modified and amended herein, all other terms, provisions,
requirements, and specifications contained in the Agreement shall remain in full force and
effect.
5. This Amendment shall be governed by the laws of the State of Texas.
2013-182
5128113 Page 1 of 2
Ord. 029543
Del Mar College INDEXED
CORPUS CHRISTI U NESS &JOB DEVELOPMENT CORPORATION
By:
Robert Tamez
President
Date:
Attest:
By:
Armando Chapa }Secretary +1-
IT 111111C1L. 2- �-=
DEL MAR COLLEGE
By:
rk Escamilla, Ph.D.
resident
Date: • V/ '
THE STATE OF TEXAS
COUNTY OF NUECES
This instrument was acknowledged before me on ! 1 un L _, 2013, by Mark
Escamilla, Ph.D., as President of Del Mar College, a political subdivision of the State of Texas,
on behalf of the college.
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