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Res 1995-160
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Res 1995-160
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6/26/2007 4:32:51 PM
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6/26/2007 4:32:51 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Amendment
Number
1995-160
Date
9/11/1995
Volume Book
120
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<br />- ( oq c- <br />Contractor shall ensure that Hays County injects Thirty Thousand and No/100 Dollars ($30,000) in <br />cash to be used for working capital and Eight Thousand and No/100 Dollars ($8,000) in assistance to <br />the Sponsor and incubator tenants. <br />Contractor shall ensure that the Greater San Marcos Economic Development Council injects <br />Fifteen Thousand and No/100 Dollars ($15,000) in cash and Seven Thousand Two Hundred Fifty-three <br />and No/100 Dollars ($7,253) of staff time to provide assistance to the Sponsor and incubator tenants. <br />Contractor shall ensure that Southwest Texas University injects Fifty-one Thousand Four Hundred <br />and No/100 Dollars ($51,400) as follows: Fifteen Thousand and No/100 Dollars ($15,000) for use of <br />facilities and equipment; Thirty Thousand and No/100 Dollars ($30,000) for faculty consulting time to <br />incubator tenants and Sixty-four Hundred and No/100 Dollars ($6,400) to provide for a student intern. <br />Contractor shall ensure that Gary Job Corps provides administrative personnel valued at Fourteen <br />Thousand Five Hundred Eighty and No/100 Dollars ($14,580) to the incubator. <br />Contractor shall ensure that the Small Business Development Center's contributes counseling <br />services valued at Twenty-three Thousand Four Hundred and No/100 Dollars ($23,400) to incubator <br />tenants, <br />Contractor shall ensure that one hundred sixty-seven (167) hours of legal and accounting <br />assistance are provided to incubator tenants valued at a minimum of Eighteen Thousand Three <br />Hundred Ninety-five and No/100 Dollars ($18,395) based on an average hourly rate of One Hundred <br />Ten and No/100 Dollars ($110). <br />Contractor shall provide to Department. upon request, evidence that project funds. both private and <br />contract, were expended as specified in this EXHIBIT A and in EXHIBIT B of this contract. <br />Enqineerinq <br />Contractor shall utilize Twenty-six Thousand Four Hundred and No/100 Dollars ($26,400) of <br />contract funds to pay for all eligible project-related engineering and architectural services, including <br />preliminary and final design plans and specifications. all interim and final inspections, and all special <br />services. <br />Administration <br />Contractor shall utilize Thirty-four Thousand and No/100 Dollars ($34,000) of contract funds to <br />carry out project administration activities, including the cost associated with the required program fiscal <br />and compliance audit. <br />Project Outcomes <br />As a result of this project, Contractor shall ensure that the San Marcos Industrial Foundation <br />establishes and operates a small business incubator for a period of five years from the date of this <br />contract. Further, Contractor shall eliminate slum and blight on a spot basis prior to the expiration date <br />of this contract. Elimination of slum and blight on a spot basis shall occur on facilities located on <br />property described in Special Condition H. Following are the specific activities which Contractor must <br />accomplish to eliminate the slum and blight: <br />(1) Purchase the real estate identified in Special Condition H; and <br /> Page 2 of 3 <br />
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