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INDIAN RIVER COUNTY JOBS GRANT AGREEMENT d <br /> THIS AGREEMENT is made on the <br /> 6th day of September, 2005 by and be <br /> en Indian <br /> River County, a political subdivision of the State of Florida, by and through Board of <br /> Commissioners, hereinafter referred to as the COUNTY, and XStream Systems , a corporation <br /> authorized to do business in the State of Florida, hereinafter referred to as the COMPANY, whose <br /> Federal I. D . is 20- 1180466 . <br /> WITNESSETH : <br /> WHEREAS, it is the policy of the COUNTY to stimulate economic growth i Indian River <br /> County, by either attracting new businesses to Indian River County or by encouraging the expansion <br /> of existing businesses within Indian River County; and <br /> WHEREAS, the creation of new employment opportunities for residents of Indian River <br /> County and the increased tax revenues resulting from such business expansion or reldcation within <br /> Indian River County is beneficial to the local economy; and <br /> WHEREAS , the COUNTY has determined that offering a Jobs Grant Program encourages <br /> either businesses to expand within or new businesses to locate in Indian River Count and thereby <br /> creates new employment opportunities for the residents of Indian River County; and , <br /> WHEREAS , Indian River County, through its Board of County Commissioners, has created <br /> a local Jobs Grant Program and Fund ; and <br /> WHEREAS , the COMPANY will relocate to Indian River County and expand its existing <br /> business in Indian River County to create certain new employment opportunities at a certain average <br /> annual salary level in Indian River County in accordance with the county' s Jobs Grant Program <br /> criteria; and <br /> WHEREAS , the COMPANY has been determined to be eligible to receive a nobs Grant by <br /> the COUNTY ; and <br /> WHEREAS , the COMPANY acknowledges that this Agreement shall be based', upon proven <br /> performance of the requirements of these grant procedures ; and, <br /> WHEREAS , the COUNTY finds and declares that it is in the public interest to 'award a Jobs <br /> Grant to the COMPANY pursuant to the terms of this Agreement . <br /> NOW, THEREFORE , in consideration of the premises and mutual covenants hereinafter <br /> contained, the parties do agree as follows : <br />