File #: 20-0987    Version: 1 Name:
Type: Motion Status: Passed
File created: 8/7/2020 In control: City Council
On agenda: 10/20/2020 Final action: 10/20/2020
Title: Motion approving a five-year Business Incentive Agreement between the Corpus Christi B Corporation and Next Sports Company (“NSC”) in the amount of $1,850,000 for improvements associated with a sports complex on Old Brownsville Road consisting of eight multi-purpose fields to be used for soccer, lacrosse, field hockey, flag football, and cheerleading for both children and adults; creating and retaining jobs; and requiring NSC within 90 days of executing the agreement to demonstrate that funding has been secured for the project; effective upon signature of the City Manager or designee. (Requires 2/3 vote)
Sponsors: Corpus Christi Regional Economic Development Corpo
Attachments: 1. Agenda Memo - Next Sports Incentive v1, 2. Next Sports Agreement

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Motion approving a five-year Business Incentive Agreement between the Corpus Christi B Corporation and Next Sports Company (“NSC”) in the amount of $1,850,000 for improvements associated with a sports complex on Old Brownsville Road consisting of eight multi-purpose fields to be used for soccer, lacrosse, field hockey, flag football, and cheerleading for both children and adults; creating and retaining jobs; and requiring NSC within 90 days of executing the agreement to demonstrate that funding has been secured for the project; effective upon signature of the City Manager or designee.  (Requires 2/3 vote)