HomeMy WebLinkAboutC2013-202 - 6/25/2013 - Approvedinto 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 5190.6, Vernon's Texas Revised Civil
Statutes (Development Corporation Act of 1979), now codified as Subtitle C1, Title 12, Texas
Local Government Code ("the Act"), empowered local communities with th-
r• • ocal 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 • one percent to be imposed for 15 years;
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WHEREAS, the City Council approved the Corporation's amended Guidelines and Criteria fol
Granting Business Incentives on September 18, 2007, which the City Council incorporated into
the City of Corpus Christi Economic Development Incentive Policies 2009-2011 • November
17, 2009;
'11AERffAS, Section 501.073 of the Act requires the City Council to approve all programs and
expenditures • the Type A Corporation;
'UMEREAS, Sam Kane Beef Processors, LLC ("Sam Kane") has submitted a proposal to the
Type A Corporation for a $3,000,000 grant for the retention of 739 jobs and the creation of 100
new jobs in their existing meat processing facility;
WHEREAS, the Board has determined that it is in the best interests • the citizens • Corpus
Christi, Texas, to fund Sam Kane's retention • 739 jobs and creation of 100 new jobs in their
-xisting meat processing facility; and
WHEREAS, the Type A Corporation and Sam Kane have executed a business incentives
agreement for the creation and retention of jobs related to Sam Kane's existing meat processing
facility.
In consideration • the covenants, promises, and conditions stated in this Project Service
Agreement, the Type A Corporation and the City agree as follows:
Corporation and Sam Kane related to Sam Kane meat processing facility 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,
a. The City Manager or designee shall administer funding on behalf of the Type A
Corporation.
b. The City Manager or designee shall perform contract administration responsibilities
outlined in the Business Incentive Agreement for the Type A Corporation.
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,
Page 2 of 3
Type A Business Service Agreement ® Sam Kane
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City Managlis)
Date:
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Armando Chapa
City Secretary
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