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JOBS GRANT AGREEMENT BETWEEN INDIAN RIVER COUNTY <br /> AND <br /> FLOAT-ON CORPORATION <br /> THIS INDIAN RIVER COUNTY JOBS GRANT AGREEMENT ("Agreement") is made <br /> as of the 3rd day of December, 2013 (the "Effective Date") by and between Indian River County , a <br /> political subdivision of the State of Florida, by and through its Board of Commissioners, hereinafter <br /> referred to as COUNTY, and FLOAT-ON CORPORATION, a company authorized to do business in <br /> the State of Florida, hereinafter referred to as COMPANY . <br /> BACKGROUND RECITALS : <br /> WHEREAS, it is the policy of COUNTY to stimulate economic growth in 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 expansions or relocations within <br /> Indian River County is beneficial to the local economy ; and <br /> WHEREAS, COUNTY has determined that offering a Jobs Grant Program encourages <br /> businesses to expand within or new businesses to locate in Indian River County and thereby creates <br /> 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 <br /> WHEREAS , COMPANY currently has 14 full time employees employed within Indian <br /> River County , and <br /> WHEREAS, COMPANY, in accordance with the county ' s Jobs Grant Program criteria, will <br /> expand its business in Indian River County to create 45 additional full time jobs which pay at least <br /> 75 % of Indian River County ' s average annual wage level ; and <br /> WHEREAS, COUNTY has determined that COMPANY is eligible to receive a Jobs Grant, <br /> and <br /> WHEREAS, COMPANY acknowledges that this Agreement shall be based upon <br /> compliance with County jobs grant program requirements ; and, <br /> WHEREAS , COUNTY finds and declares that it is in the public interest to award a Jobs <br /> Grant to COMPANY pursuant to the terms of this Agreement. <br /> 41 <br />