File #: 15-0431    Version: Name:
Type: Ordinance Status: Passed
File created: 4/27/2015 In control: City Council
On agenda: 7/14/2015 Final action: 7/21/2015
Title: Second Reading Ordinance - First Amendment Type A Agreement for HEB Grocery Company located on McCampbell Road (1st Reading 7/14/15) Ordinance approving the attached First Amendment to the Business Incentive Agreement between the Corpus Christi Business and Job Development Corporation ("Type A Corporation") and HEB Grocery Company, LP ("HEB") which provides an additional $250,000 for the improvement of McCampbell Road; and appropriating $250,000 from the unreserved fund balance in the No. 1140 Business/Job Development Fund for said business incentive grant from the Type A Corporation to HEB; and changing the FY 2014-2015 operating budget, adopted by Ordinance No. 030294, by increasing proposed expenditures by $250,000.
Sponsors: Economic Development
Attachments: 1. Agenda Memo - HEB, 2. Ordinance - HEB, 3. Amendement - HEB signed by HEB

Title

Second Reading Ordinance - First Amendment Type A Agreement for HEB Grocery Company located on McCampbell Road (1st Reading 7/14/15)

 

Ordinance approving the attached First Amendment to the Business Incentive Agreement between the Corpus Christi Business and Job Development Corporation ("Type A Corporation") and HEB Grocery Company, LP ("HEB") which provides an additional $250,000 for the improvement of McCampbell Road; and appropriating $250,000 from the unreserved fund balance in the No. 1140 Business/Job Development Fund for said business incentive grant from the Type A Corporation to HEB; and changing the FY 2014-2015 operating budget, adopted by Ordinance No. 030294, by increasing proposed expenditures by $250,000.