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2008-131
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2008-131
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Last modified
3/30/2016 11:30:57 AM
Creation date
10/1/2015 12:07:51 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
04/28/2008
Control Number
2008-131
Agenda Item Number
4.A.
Entity Name
Piper Aircraft, Inc.
Subject
Closing Fund Agreement
Supplemental fields
SmeadsoftID
6997
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equipment, and facility and infrastructure improvements at the Indian River County facilities as <br /> of the dates specified in that paragraph (or that any required sanction has been paid), and that <br /> those capital investments continue to be located in Vero Beach, Indian River County, Florida as <br /> of December 31, 2015, or later year if the extension authorized in Paragraph 5.0 (f) is elected . <br /> This provision shall not prevent the Closing Fund Awardee from disposing of any assets no <br /> longer useful to the Project, so long as the Closing Fund Awardee does not remove that <br /> equipment from Indian River County for the purpose of operating in another location. Such <br /> certification and documentation must be submitted by April 30 of the year following each of the <br /> relevant investment performance dates. <br /> (e) Certify and submit documentation to support the fulfillment or <br /> substantiation of the certifications specified in Paragraphs 5.0(b), (c), (d ), (e), and (f). <br /> (f) Notify County in writing of any material developments that impact the <br /> implementation or operation of this Agreement or the Project. Such material developments will <br /> include, but not be limited to, announcements with regard to the Project, cancellation of the <br /> Project, major announcements with respect to the new Piper Jet or other aircraft, layoffs, or <br /> majority change in ownership of the Closing Fund Awardee. <br /> (g) Maintain personnel and financial records and reports related to the jobs, <br /> wages, cumulative capital investment, and product development activities and expenditures <br /> related to the Project and to decisions of the Board of Directors associated with their <br /> commitments to the location of design, development, and production and/or assembly of the <br /> PiperJet or other aspects of the Project. <br /> {3745/01700234567.DOCi 5 } <br /> 11 <br />
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