File #: 14-001078    Version: Name:
Type: Ordinance Status: Passed
File created: 9/17/2014 In control: City Council
On agenda: 10/14/2014 Final action: 10/21/2014
Title: Second Reading Ordinance - Type A Grant for Conexia Inc (Requires 2/3 vote)(1st Reading 10/14/14) Ordinance approving a Business Incentive Agreement between the Corpus Christi Business and Job Development Corporation ("Type A Corporation") and Conexia Inc ("Conexia") to provide a grant of up to $160,000, for the creation of jobs and authorizing the City Manager, or designee, to execute a Business Incentive Project Service Agreement with the Type A Corporation regarding implementation and administration of the Conexia Business Incentive Agreement for the creation of jobs; and appropriating $160,000 from the unreserved fund balance in the No. 1140 Business/Job Development Fund for said business incentive grant from the Type A Corporation to Conexia; and changing the FY 2014-2015 operating budget, adopted by Ordinance No. 030294, by increasing proposed expenditures by $160,000.
Sponsors: Economic Development
Attachments: 1. Agenda Memo - Conexia, 2. Ordinance - Conexia, 3. Agreement - Conexia, 4. Business Service Agreement - Conexia
Title
Second Reading Ordinance - Type A Grant for Conexia Inc (Requires 2/3 vote)(1st Reading 10/14/14)
 
Ordinance approving a Business Incentive Agreement between the Corpus Christi Business and Job Development Corporation ("Type A Corporation") and Conexia Inc ("Conexia") to provide a grant of up to $160,000, for the creation of jobs and authorizing the City Manager, or designee, to execute a Business Incentive Project Service Agreement with the Type A Corporation regarding implementation and administration of the Conexia Business Incentive Agreement for the creation of jobs; and appropriating $160,000 from the unreserved fund balance in the No. 1140 Business/Job Development Fund for said business incentive grant from the Type A Corporation to Conexia; and changing the FY 2014-2015 operating budget, adopted by Ordinance No. 030294, by increasing proposed expenditures by $160,000.