Laserfiche WebLink
shall constitute the Annual Job Status Report, the filing of which shall begin <br /> the running of the forty -five (45)-day period within which payment shall be <br /> made . <br /> If COMPANY applies for a Qualified Target Industry (QTI) Tax Refund <br /> from the State of Florida and if COMPANY has that QTI Tax Refund <br /> approved by the State, Community Development Department staff will <br /> reduce the local jobs grant amount paid directly to COMPANY for each <br /> eligibility determination in an amount sufficient to cover COUNTY ' S QTI <br /> Tax Refund 20% contribution obligation to the State for COMPANY ' s QTI <br /> Tax Refund agreement. Community Development Department staff will <br /> submit the 20% payment obligation to the State for placement in the Florida <br /> Economic Development Trust Fund . <br /> 4 . Job Creation Commitment. COMPANY estimates that it will provide 45 new <br /> qualifying jobs within Indian River County as set forth in Exhibit ` B ", which is <br /> attached hereto and made a part hereof The exact number of jobs actually supplied <br /> and their salaries, however, may vary . Localjobs grant funds will be awarded up to a <br /> maximum of $ 137,000. The jobs grant award will be based on the following : <br /> Category Amount Per Job <br /> 75% to 99 . 99% of Indian River County $300 <br /> Average Annual Wage <br /> 100% to 149 . 99% of Indian River County $51000 <br /> Average Annual Wage <br /> 150% of Indian River County Average $ 700 <br /> Annual Wage (or greater) <br /> 5 . Wage Level Commitment. COMPANY estimates that it will pay 44 employees <br /> whose jobs are eligible for a Grant hereunder an annual wage of not less than <br /> $ 25 , 589 . 25 , and will pay 1 employee an annual wage of not less than $ 34, 119. 00 . <br /> The annual wage of the positions will be determined without taking into account the <br /> value of any benefits . COMPANY shall, in accordance with the provisions of <br /> paragraph 6 below, provide written verification of such wages satisfactory to the <br /> Community Development Director or his designee. COMPANY ' S failure to <br /> maintain its wage level commitment for any qualifying job for any one year will <br /> result in either the reduction of the Grant amount awarded for that j ob for that year or <br /> will result in no award provided for that job for that year. <br /> 6 . Annual Job Status . COMPANY must provide the Community Development <br /> Director or his designee with State Quarterly Reemployment Compensation Reports <br /> (Form RT-6) of its business operations within Indian River County on State form <br /> RT-6, as amended, a sample of which is attached hereto and made a part hereof as <br /> Exhibit "C " . COMPANY must also provide the Community Development Director <br /> -6- <br />