File #: 20-0656    Version: 1 Name:
Type: Ordinance Status: Filed with the City Secretary
File created: 5/28/2020 In control: City Council
On agenda: 6/9/2020 Final action: 6/9/2020
Title: One-Reading Ordinance approving an agreement between the City of Corpus Christi and the Corpus Christi Business and Job Development Corporation in an amount not to exceed $500,000 for Type A funding of arterial and collector streets within the City; approving a Chapter 380 agreement in an amount not to exceed $500,000 with Lift Fund, Inc. for a small business recovery program; appropriating $500,000 from the unreserved fund balance of the Business and Job Development Fund for use on the arterial and collector street improvements; amending the operating and capital budget.
Sponsors: Economic Development
Attachments: 1. Agenda Memo - $500K LiftFund, 2. Ordinance- $500k LiftFund, 3. Type Agreement with City for LiftFund Phase 3, 4. Third 380 Agree with Liftfund $500K 6-5-2020

Title

One-Reading Ordinance approving an agreement between the City of Corpus Christi and the Corpus Christi Business and Job Development Corporation in an amount not to exceed $500,000 for Type A funding of arterial and collector streets within the City; approving a Chapter 380 agreement in an amount not to exceed $500,000 with Lift Fund, Inc. for a small business recovery program; appropriating $500,000 from the unreserved fund balance of the Business and Job Development Fund for use on the arterial and collector street improvements; amending the operating and capital budget.