File #: 15-0277    Version: Name:
Type: Ordinance Status: Passed
File created: 3/12/2015 In control: City Council
On agenda: 4/28/2015 Final action: 5/12/2015
Title: Second Reading Ordinance - Type A Grant for QSROnline.com, Inc. Located at 817 Ayers (1st Reading 4/28/15) Ordinance approving a Business Incentive Agreement between the Corpus Christi Business and Job Development Corporation ("Type A Corporation") and QSROnline.com, Inc.("QSROnline") to provide a grant of up to $129,500, for the creation and retention 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 QSROnline Business Incentive Agreement for the creation and retention of jobs; and appropriating $129,500 from the unreserved fund balance in the No. 1140 Business/Job Development Fund for said business incentive grant from the Type A Corporation to QSRonline; and changing the FY 2014-2015 operating budget, adopted by Ordinance No. 030294, by increasing expenditures by $129,500.
Sponsors: Economic Development
Attachments: 1. Agenda Memo - QSROnline, 2. Ordinance with attachment - Type A (QSROnline), 3. Agreement - QSROnline, 4. Project Service Agreement - QSROnline
Title
Second Reading Ordinance - Type A Grant for QSROnline.com, Inc. Located at 817 Ayers (1st Reading 4/28/15)
 
Ordinance approving a Business Incentive Agreement between the Corpus Christi Business and Job Development Corporation ("Type A Corporation") and QSROnline.com, Inc.("QSROnline") to provide a grant of up to $129,500, for the creation and retention 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 QSROnline Business Incentive Agreement for the creation and retention of jobs; and appropriating $129,500 from the unreserved fund balance in the No. 1140 Business/Job Development Fund for said business incentive grant from the Type A Corporation to QSRonline; and changing the FY 2014-2015 operating budget, adopted by Ordinance No. 030294, by increasing expenditures by $129,500.