File #: 14-001324    Version: Name:
Type: Ordinance Status: Passed
File created: 11/20/2014 In control: City Council
On agenda: 1/13/2015 Final action: 1/20/2015
Title: Second Reading Ordinance - Type A Grant for CC Cold Storage, LLC and South Texas Cold Storage, LLC facility located at 260 McBride Lane (1st Reading 1/13/15) Ordinance approving a Business Incentive Agreement between the Corpus Christi Business and Job Development Corporation ("Type A Corporation") and CC Cold Storage, LLC and South Texas Cold Storage, LLC ("Cold Storage") to provide a grant of up to $265,000, 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 Cold Storage Business Incentive Agreement for the creation of jobs; and appropriating $265,000 from the unreserved fund balance in the No. 1140 Business/Job Development Fund for said business incentive grant from the Type A Corporation to Cold Storage; and changing the FY 2014-2015 operating budget, adopted by Ordinance No. 030294, by increasing expenditures by $265,000.
Sponsors: Economic Development
Attachments: 1. Agenda Memo - Cold Storage, 2. Ordinance - Cold Storage, 3. Agreement - CC Cold Storage, 4. Project Service Agreement - CC Cold Storage
Title
Second Reading Ordinance - Type A Grant for CC Cold Storage, LLC and South Texas Cold Storage, LLC facility located at 260 McBride Lane (1st Reading 1/13/15)
Ordinance approving a Business Incentive Agreement between the Corpus Christi Business and Job Development Corporation ("Type A Corporation") and CC Cold Storage, LLC and South Texas Cold Storage, LLC ("Cold Storage") to provide a grant of up to $265,000, 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 Cold Storage Business Incentive Agreement for the creation of jobs; and appropriating $265,000 from the unreserved fund balance in the No. 1140 Business/Job Development Fund for said business incentive grant from the Type A Corporation to Cold Storage; and changing the FY 2014-2015 operating budget, adopted by Ordinance No. 030294, by increasing expenditures by $265,000.