HomeMy WebLinkAbout032261 RES - 10/27/2020Resolution authorizing execution of Interlocal Cooperation Agreement with Del Mar
College, for participation in the Tax Increment Reinvestment Zone Number Five at
75% of Del Mar's increment for 20 years, up to $4,000,000.
Be it resolved by the City Council of the City of Corpus Christi, Texas:
SECTION 1. That the City Manager or designee is authorized to execute an Interlocal
Cooperation Agreement with Del Mar College for contribution to the Reinvestment Zone
Number 5, City of Corpus Christi, Texas tax increment fund.
SECTION 2. This Resolution shall take effect and be in full force immediately after its
adoption by the City Council.
PASSED AND APPROVED on the a lay of OL46W2020:
Joe McComb
Roland Barrera
Paulette M. Guajardo
Gil Hernandez
Michael Hunter
Ben Molina
Everett Roy
Greg Smith
ATTEST:
cPb�-ent
Reb-cca Huerta
City Secretary
CITY OF CORPUS CHRISTI
Joe c omb
Mayr
032261
SCANNED