HomeMy WebLinkAbout028169 RES - 05/12/2009Page 1 of 3
A RESOLUTION
APPROVING A BUSINESS INCENTIVE AGREEMENT BETWEEN THE
CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT
CORPORATION AND S & G MARINA, L.L.C., FOR CONSTRUCTION
AND OPERATION OF A DRY RACK BOAT STORAGE FACILITY AND
AUTHORIZING THE CITY MANAGER, OR DESIGNEE, TO EXECUTE A
BUSINESS INCENTIVE PROJECT SUPPORT AGREEMENT WITH THE
CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT
CORPORATION REGARDING IMPLEMENTATION AND
ADMINISTRATION OF THE S & G MARINA, L.L.C., BUSINESS
INCENTIVE AGREEMENT
WHEREAS, the Corpus Christi Business and Job Development Corporation ("4A
Board") has budgeted funds to assist business in Corpus Christi, Texas.
WHEREAS, in 2007, the 4A Board requested proposals and determined that the
proposal from S & G Marina, L.L.C., ("Marina"), best provided assistance for business
support;
WHEREAS, City Council deems that it is the best interest of the City and citizens to
approve the business incentive project support agreement; and
WHEREAS, there is a need for a business incentive project support agreement
between the City of Corpus Christi ("City") and the 4A Board for the implementation and
administration of the business incentive agreement with Marina for construction and
operation of a dry rack boat storage facility.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. That the business incentive agreement for construction and operation of a
dry rack boat storage facility for businesses between the 4A Board and Marina, which is
attached to this resolution as Exhibit A, is approved.
SECTION 2. That the City Manager, or designee, is authorized to execute a project
support agreement between the City and 4A Board for the implementation and
administration of the business incentive agreement with Marina for construction and
operation of a dry rack boat storage facility, which is attached to this resolution as
Exhibit B.
ATTEST:
Armando Chapa
City Secretary
CITY OF CORPUS CHRISTI
enry G. rett
Mayor
028169
RESOLUTION -- Bluff Bay Marina Business Incentive Agreement 04022009
Page 2 of 3
APPROVED as to form: May 4, 2009
R. J e' ing
Fi t As Stant CLW Attorney
For the City Attorney
RESOLUTION -- Bluff Bay Marina Business Incentive Agreement 04022009
Page 3 of 3
Corpus Christi, Texas
l,Q
of
, 2009
The above resolution was passed by the following vote:
Henry Garrett
Melody Cooper /440609—
Larry Elizondo, Sr.
Mike Hummel)
Bill Kelly
Priscilla G. Leal
John E. Marez I ' ` . ,
Nelda Martinez /�iOs-duh
Michael McCutchon
028169
RESOLUTION -- Bluff Bay Marina Business Incentive Agreement 04022009
BUSINESS INCENTIVE AGREEMENT BETWEEN THE CORPUS CHRISTI
BUSINESS AND JOB DEVELOPMENT CORPORATION AND S & G MARINA, L.L.C.,
FOR CONSTRUCTION AND OPERATION OF A DRY RACK BOAT STORAGE
PROJECT
This Business Incentive Agreement for ("Agreement") is entered into between the
Corpus Christi Business and Job Development Corporation ("Corporation") and S & G
Marina, L.L.C., a Texas domestic limited liability company, doing business as Bluff Bay
Marina ("Marina").
WHEREAS, the Texas Legislature in Section 4A of Article 5190.6, Vernon's Texas
Revised Civil Statutes (Development Corporation Act of 1979) 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 of Corpus Christi ("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 1/8th 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 Corpus Christi Business and Job
Development Corporation Board;
WHEREAS, the Corpus Christi Business and Job Development 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, Section 21 of the Texas Development Corporation Act of 1979, Art. 5190.6,
Vernon's Texas Revised Civil Statutes, now codified as Section 501.073, Texas Local
Government Code, requires the City Council to approve all programs and expenditures
of the corporation;
WHEREAS, the City Council approved the Corporation's amended Guidelines and
Criteria for Granting Business Incentives on September 18, 2007;
WHEREAS, Marina is a Texas domestic limited liability company whose principal
mission is to construction and operation of a dry rack boat storage project, which will
include a dry rack storage building of at least 86,000 square feet, with over 600 boat
slips; a ship store; maintenance shop; fuel docks; and caretaker residence;
Page 1 of 10
BLUFF BAY MARINA BUSINESS INCENTIVE AGREEMENT -- 04302009
Exhbiit A
WHEREAS, the Board has determined that it is in the best interests of the citizens of
Corpus Christi, Texas that business development funds be provided to Marina, through
this contract with Marina, to be used by Marina to construction and operation of a dry
rack boat storage project, and which will result in creation of 18 new full-time permanent
jobs in the city of Corpus Christi.
In consideration of the covenants, promises, and conditions stated in this Agreement,
Corporation and Marina agree as follows:
1. Effective Date. The effective date of this Agreement ("Effective Date") is the latest
date that either party executes this Agreement.
2. Term. The term of this Agreement is for five years from July 1, 2009, through June
30, 2014.
3. Performance Requirements and Grants.
a. Marina shall construct and operate a dry rack boat storage facility that
includes a dry rack storage building with at least 86,000 square feet and over 600
boat slips; a ship store; maintenance shop; fuel docks; and caretaker residence.
b. Marina shall expend at least $13,500,000.00 on the construction and outfitting
or the dry boat storage facility during 2009.
c. Marina shall maintain its administration, marketing, sales, and vessel servicing
headquarters in Corpus Christi.
d. Marina shall create and maintain the following new, full-time jobs, at or above
the listed annual salary, within the City:
Year
Number of New Total Full- Average Annual
Full -Time Jobs Time Jobs Salary
2009 5 5 $39,152.00
2010 13 18 40, 555.00
2011 0 18 42,222.00
2012 0 18 43,888.00
2013 0 18 45,666.00
e. At least 70% or more of the Marina's sales must be from outside the 50 mile
radius of the dry boat storage facility.
Page 2 of 10
BLUFF BAY MARINA BUSINESS INCENTIVE AGREEMENT -- 04302009
f. The Corporation will award a grant of $60,000.00 per year for up to five years,
if Marina constructs and operates the dry rack boat storage facility and creates
and maintains the jobs at or above the average salary specified in subsection d
of this section during each designated calendar year. The total grants under this
agreement may not exceed a cumulative total of $300,000.
4. Job Creation Qualification.
a. In order to count as a created job under this Agreement, the job must pay
wages as required by Section 38(b) of the Development Corporation Act of 1979,
as amended, which is the median wage of the occupation in the Corpus Christi
MSA as determined by Texas Workforce Commission's Texas Industry Profiles
report.
b. A full-time permanent job is one that provides at least 2,080 hours annually.
c. Marina agrees to confirm and document to the Corporation that each job
created as a result of funding provided by this Agreement is maintained
throughout the term of the loan to the Business.
d. Marina agrees to provide Corporation with a sworn certificate by authorized
representative of each shall business assisted under this Agreement certifying
the number of full-time permanent employees employed by the business.
e. Marina shall ensure that the Corporation is allowed reasonable access to
personnel records of the businesses assisted under this Agreement.
5. Buy Local Provision.
a. Marina agrees to use its best efforts to give preference and priority to local
manufacturers, suppliers, contractors, and labor, except where not reasonably
possible to do so without added expense, substantial inconvenience, or sacrifice
in operating efficiency.
b. For the purposes of this section, the term 'local" as used to describe
manufacturers, suppliers, contractors, and labor includes firms, businesses, and
persons who reside in or maintain an office within a 50- mile radius of Nueces
County.
6. Warranties. Marina warrants and represents to Corporation the following:
a. Marina is a Texas domestic limited liability company duly organized, validly
existing, and in good standing under the laws of the State of Texas, has all
corporate power and authority to carry on its business as presently conducted in
Corpus Christi, Texas.
b. Marina has the authority to ehter into and perform, and will perform, the terms
of this Agreement.
Page 3 of 10
BLUFF BAY MARINA BUSINESS INCENTIVE AGREEMENT-- 04302009
c. Marina has timely filed and will timely file all local, State, and Federal tax
reports and returns required by laws to be filed and all Texas, assessments, fees,
and other governmental charges, including applicable ad valorem taxes, have
been timely paid, and will be timely paid , during the term of this Agreement.
d. Marina has received copies of the Texas Development Corporation Act of
1979, Art. 5190.6, Vernon's Texas Revised Civil Statutes; Chapters 501, 502,
504, and 505, Texas Local Government Code, relating to Type A and B
Development Corporations; and acknowledges that the funds granted in this
Agreement must be utilized solely for purposes authorized under State law and
by the terms of this Agreement.
e. If an audit determines that the funds were not used for authorized purposes,
Marina agrees to reimburse Corporation for the sums of money spent for
purposes not authorized by law within 30 days written notice requesting
reimbursement.
f. The parties executing this Agreement on behalf of Marina are duly authorized
to execute this Agreement on behalf of Marina.
7. Compliance with Laws. Marina shall observe and obey all applicable laws,
ordinances, regulations, and rules of the Federal, State, county, and city governments.
8. Non -Discrimination. Marina covenants and agrees that Marina will not discriminate
nor permit discrimination against any person or group of persons, with regard to
employment and the provision of services at, on, or in the Facility, on the grounds of
race, religion, national origin, marital status, sex, age, disability, or in any manner
prohibited by the laws of the United States or the State of Texas.
9. Force Majeure. If the Corporation or Marina are prevented, wholly or in part, from
fulfilling its obligations under this Agreement by reason of any act of God, unavoidable
accident, acts of enemies, fires, floods, governmental restraint or regulation, other
causes of force majeure, or by reason of circumstances beyond its control, then the
obligations of the Corporation or Marina are temporarily suspended during continuation
of the force majeure. If either party's obligation is affected by any of the causes of force
majeure, the party affected shall promptly notify the other party in writing, giving full
particulars of the force majeure as soon as possible after the occurrence of the cause or
causes relied upon.
10. Assignment. Marina may not assign all or any part of its rights, privileges, or
duties under this Agreement without the prior written approval of the Corporation and
City. Any attempted assignment without approval is void, and constitutes a breach of
this Agreement.
11. Indemnity. Marina covenants to fully indemnify, save, and hold
harmless the Corporation, the City, their respective officers,
employees, and agents ("Indemnitees") against all liability, damage,
Page 4 of 10
BLUFF BAY MARINA BUSINESS INCENTIVE AGREEMENT -- 04302009
loss, claims demands, and actions of any kind on account of personal
injuries (including, without limiting the foregoing, workers'
compensation and death claims), or property loss or damage of any
kind, which arise out of or are in any manner connected with, or are
claimed to arise out of or be in any manner connected with Marina
activities conducted under or incidental to this Agreement, including
any injury, loss or damage caused by the sole or contributory
negligence of any or all of the Indemnitees. Marina must, at its own
expense, investigate all those claims and demands, attend to their
settlement or other disposition, defend all actions based on those
claims and demands with counsel satisfactory to Indemnitees, and
pay all charges of attorneys and all other cost and expenses of any
kind arising from the liability, damage, loss, claims, demands, or
actions.
12. Events of Default. The following events constitute a default of this Agreement:
a. Failure of Marina to timely, fully, and completely comply with any one or more
of the requirements, obligations, duties, terms, conditions, or warranties of this
Agreement.
b. The Corporation or City determines that any representation or warranty on
behalf of Marina contained in this Agreement or in any financial statement,
certificate, report, or opinion submitted to the Corporation in connection with this
Agreement was incorrect or misleading in any material respect when made;
c. Any judgment is assessed against Marina or any attachment or other levy
against the property of Marina with respect to a claim remains unpaid,
undischarged, or not dismissed for a period of 30 days.
d. Marina makes an assignment for the benefit of creditors.
e. Marina files a petition in bankruptcy, or is adjudicated insolvent or bankrupt.
f. If taxes owed by Marina become delinquent, and Marina fails to timely and
properly follow the legal procedures for protest or contest.
g. Marina changes the general character of business as conducted of the date
this Agreement is approved by the Corporation.
13. Notice of Default. Should the Corporation or City determine that Marina is in
default according to the terms of this Agreement, the Corporation or City shall notify
Marina in writing of the event of default and provide 60 days from the date of the notice
("Cure Period") for Marina to cure the event of default.
Page 5 of 10
BLUFF BAY MARINA BUSINESS INCENTIVE AGREEMENT -- 04302009
14. Results of Uncured Default. After exhausting good faith attempts to address any
default during the cure Period, and taking into account any extenuating circumstances
that might have occurred through no fault of Marina, as determined by the Board of
Directors of the Corporation, the following actions must be taken for any default that
remains uncured after the Cure Period.
a. Marina shall immediately repay all funds paid by Corporation under this
Agreement.
b. Marina shall pay Corporation reasonable attorney fees and costs of court to
collect amounts due to Corporation.
c. The Corporation shall have no further obligations to Marina under this
Agreement.
d. Neither the City nor the Corporation may be held liable for any consequential
damages.
e. The Corporation may pursue all remedies available under law.
15. No Waiver.
a. No waiver of any covenant or condition, or the breach of any covenant or
condition of this Agreement, constitutes a waiver of any subsequent breach of
the covenant or condition of the Agreement.
b. No waiver of any covenant or condition, or the breach of any covenant or
condition of this Agreement, justifies or authorizes the nonobservance on any
other occasion of the covenant or condition or any other covenant or condition of
this Agreement.
c. Any waiver or indulgence of Marina' default may not be considered an
estoppel against the Corporation.
d. It is expressly understood that if at any time Marina is in default in any of its
conditions or covenants of this Agreement, the failure on the part of the
Corporation to promptly avail itself of the rights and remedies that the
Corporation may have, will not be considered a waiver on the part of the
Corporation, but Corporation may at any time avail itself of the rights or remedies
or elect to terminate this Agreement on account of the default.
16. Limitation on Corporations Liability.
a. Marina specifically agrees that Corporation shall only be liable to Marina for
the actual amount of the money grants to be conveyed to Marina, and shall not
be liable to Marina for any actual or consequential damages, direct or indirect,
interest, attorney fees, or cost of court for any act of default by Corporation under
the terms of this agreement.
Page 6 of 10
BLUFF BAY MARINA BUSINESS INCENTIVE AGREEMENT -- 04302009
b. Payment by Corporation is strictly limited to funds allocated, budgeted, and
collected solely during the grant term of this agreement, being July 1, 2009,
through June 30, 2014.
c. Corporation shall use its best efforts to anticipate economic conditions and to
budget accordingly.
d. However, it is further understood and agreed that, should the actual total
sales tax revenue collected for any one year be less than the total amount of
grants to be paid to all contracting parties with Corporation for that year, then in
that event, all contracting parties shall receive only their pro rata share of the
available sales tax revenue for that year, less Corporation's customary and usual
costs and expenses, as compared to each contracting parties' grant amount for
that year, and Corporation shall not be liable to for any deficiency at that time or
at any time in the future.
e. In this event, Corporation will provide all supporting documentation, as
requested.
f. Payments to be made shall also require a written request from Marina to be
accompanied by all necessary supporting documentation.
17. Notices.
a. Any required written notices shall be sent mailed, certified mail, postage
prepaid, addressed as follows:
Marina:
S & G Marina, L.L.C.
101 Skipper Lane
Corpus Christi, TX 78418
Attn: Steven W. Smith
Corporation:
City of Corpus Christi
Business and Job Development Corporation
Attn.: Executive Director
1201 Leopard Street
Corpus Christi, Texas 78401
Page 7 of 10
BLUFF BAY MARINA BUSINESS INCENTIVE AGREEMENT -- 04302009
b. A copy of all notices and correspondence must be sent the City at the
following address:
City of Corpus Christi
Attn.:City Manager
P.O. Box 9277
Corpus Christi, Texas 78469-9277
c. Notice is effective upon deposit in the United States mail in the manner
provided above.
18. Incorporation of other documents. The Corpus Christi Business and Job
Development Corporation Guidelines and Criteria for Granting Business Incentives
("Corporation Guidelines"), as amended, are incorporated into this Agreement.
19. Amendments or Modifications. No amendments or modifications to this
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.
20. Relationship of Parties. In performing this Agreement, both the Corporation and
Marina will act in an individual capacity, and not as agents, representatives, employees,
employers, partners, joint -venturers, or associates of one another. The employees or
agents of either party may not be, nor be construed to be, the employees or agents of
the other party for any purpose.
21. Captions. The captions in this Agreement are for convenience only and are not a
part of this Agreement. The captions do not in any way limit or amplify the terms and
provisions of this Agreement.
22. Severability.
a. If for any reason, any section, paragraph, subdivision, clause, provision,
phrase or word of this Agreement or the application of this 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 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 Agreement that every section,
paragraph, subdivision, clause, provision, phrase, or word of this Agreement be
given full force and effect for its purpose.
b. To the extent that any clause or provision is held illegal, invalid, or
unenforceable under present or future law effective during the term of this
Agreement, then the remainder of this Agreement is not 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
Page 8 of 10
BLUFF BAY MARINA BUSINESS INCENTIVE AGREEMENT -- 04302009
provision as may be possible and be legal, valid, and enforceable, will be added
to this Agreement automatically.
23. Venue. Venue for any legal action related to this Agreement is in Nueces County,
Texas.
24. Sole Agreement. This Agreement constitutes the sole agreement between
Corporation and Marina. Any prior agreements, promises, negotiations, or
representations, verbal or otherwise, not expressly stated in this Agreement, are of no
force and effect.
25. Survival of terms of agreement and obligations of parties. The terms of this
agreement and the obligation of the parties relating to [what survives] shall survive the
termination of this agreement.
Corpus Christi Business & Job Development Corporation
By:
Eloy Salazar
Chairperson
Date:
Attest:
By:
Armando Chapa
Assistant Secretary
Page 9 of 10
BLUFF BAY MARINA BUSINESS INCENTIVE AGREEMENT -- 04302009
S & G Marina, L.L.C.
By:
David A. Grainger
Manager
Date: .-CNC?
THE STATE OF TEXAS- 44^-scif
COUNTY OF NUECES CeJ 9 wick
This instrument was acknowledged before me
David A. Grainger as Manager, S & G Marina,
company, on behalf of the company.
otary Publi
State of Texas KSots
on'�/ , 20021 by
L.L.C., atexas domestic limited liability
CINDY ROTH
gib Notary Public - State of Kansas
My Appt. Expires // D
Page 10 of 10
BLUFF BAY MARINA BUSINESS INCENTIVE AGREEMENT -- 04302009
BUSINESS 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
("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) 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 1/8 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 Corporation's Board of Directors;
WHEREAS, the 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, Section 21 of the Texas Development Corporation Act of 1979, Art. 5190.6,
Vernon's Texas Revised Civil Statutes, requires the City Council to approve all
programs and expenditures of the Corporation;
WHEREAS, the City Council approved the Corporation's amended Guidelines and
Criteria for Granting Business Incentives on September 18, 2007;
WHEREAS, S & G Marina, L.L.C., has submitted a proposal to the Corporation for
$300,000.00 grant for the creation of 18 new jobs related to the operation of a dry rack
boat storage facility;
WHEREAS, the Board has determined that it is in the best interests of the citizens of
Corpus Christi, Texas, to fund the S & G Marina, L.L.C.'s construction and operation of
a dry rack boat storage facility; and
WHEREAS, the Corporation and S & G Marina, L.L.C., have executed a business
incentive project agreement for an construction and operation of a dry rack boat storage
facility.
In consideration of the covenants, promises, and conditions stated in this Project
Service Agreement, the Corporation and the City agree as follows:
Bluff Bay Marina Project Support Agreement 4A -City 04022009
Page 1 of 3
Exhibit B
1. Project Service Agreement to Implement Business Incentives Agreement. This
Project Service Agreement between the City and the Corporation is executed to
implement the Business Incentive Agreement for an construction and operation of a dry
rack boat storage facility between the Corporation and S & G Marina, L.L.C., ("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 Corporation.
b. The City Manager, or the City Manager's designee, shall perform contract
administration responsibilities outlined in the Business Incentive Agreement for
the 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 the latest
date that either party executes this Agreement.
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.
b. To the extent that any clause or provision is held illegal, invalid, or
unenforceable under present or future law effective during the term of this Project
Service Agreement, then the remainder of this Project Service Agreement is not
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
Page 2of3
Bluff Bay Marina Project Support Agreement 4A -City 04022009
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 Corpus Christi Business &
Job Development Corporation
'Angel R. Escobar Eloy Salazar
Interim City Manager Chairperson
Date: Date:
Attest
Armando Chapa
City Secretary
Approved as to Legal Form: May 4, 2009.
R. ,y Rmning
First Assistant City Attorney
for City Attorney
Page 3 of 3
Bluff Bay Marina Project Support Agreement 4A -City 04022009
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV, Sections 7 & 8)
I, the Director of Finance of the City of Corpus Christi, Texas (or his/her duly authorized
representative), hereby certify to the City Council and other appropriate officer that the
money required for the contract, agreement, obligation or expenditure described below is
in the Treasury to the credit of the Fund specified below, from which it is to be drawn, and
has not been appropriated for any other purpose.
City Council Action Date: May 12, 2009
Agenda Item:
Resolution approving a business incentive agreement between the Corpus Christi
Business and Job Development Corporation and S&G Marina, L.L.C., for construction and
operation of a dry rack boat storage facility and authorizing the City Manager, or designee,
to execute a business incentive project support agreement with the Corpus Christi
Business and Job Development Corporation regarding implementation and administration
of the S&G Marina L.L.C., business incentive agreement.
Amount Required:
Fund Name
Fund No.
Org. No.
Account
No.
Project No.
Amount
CC65pC
IV -1b
15010
5-3000t)
1300,000
Total
—1R �v
Director of Financial Services
Date: 5- 7 _ o