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17, <br /> Iv I <br /> VVV <br /> � 1 Ill IV I <br /> �s I, ,' `P�a.'2 t ��ax ` ,. ' a. « G*,rr Gc �a , '"�', ..,' rr ' ` ', ..,, <br /> . . 6 , . , , . , , s <br /> : . "' +. tris +,p '�� a"� ' '" Y `4*r,.,r" ';� " , '�.` '�'%�, , �x `", 'r <br /> x, a'�.. <br /> a . COMPANY will be eligible for total Jobs Grant Funding (hereinafter a <br /> " Grant " ) in an amount of up to $ 77 ,000 if COMPANY locates within the City <br /> of Vero Beach/Indian River County Enterprise Zone or an amount of up to <br /> $ 70 , 000 if COMPANY locates within Indian River County but outside of the <br /> City of Vero Beach /Indian River County Enterprise Zone . Said Grant shall <br /> be payable in 3 one year periods by Phase as more specifically set forth <br /> herein . <br /> COMPANY acknowledges and agrees that the initial Grant under this <br /> Agreement is payable on a re - imbursement basis . There are a total of 3 <br /> separate Phases . The number of jobs estimated to be provided by phase is <br /> listed below . <br /> ( i ) For Phase I , 6 new qualifying jobs meeting the wage level commitment in <br /> Section 6 of this Agreement will be provided by 12 /31 / 11 . For each of the <br /> three successive annual periods that those jobs are maintained at the required <br /> wage level , COMPANY shall receive 1 /3 of the Grant amount for those 6 <br /> jobs . <br /> ( ii ) For Phase 11 , 8 new qualifying jobs meeting the wage level commitment <br /> in Section 6 of this agreement will be provided by 6/30/ 12 . For each of the <br /> three successive annual periods that those jobs are maintained at the required <br /> wage level , COMPANY shall receive 1 /3 of the Grant amount for those 8 <br /> jobs . <br /> ( iii ) For Phase 111 , 6 new qualifying jobs meeting the wage level commitment <br /> It in Section 6 of this agreement will be provided by 6/30/ 13 . For each of the <br /> three successive annual periods that those jobs are maintained at the required <br /> wage level , COMPANY shall receive 1 /3 of the Grant amount for those 6 <br /> jobs . <br /> ( iv ) It is understood that the quantity and types of jobs proposed by phase , <br /> their annual wages , and dates of hire are estimates . Because of this , the <br /> quantity and types of jobs provided in each phase may shift between phases , <br /> and phase commencement dates may be extended . Proposed jobs will remain <br /> eligible for local jobs grant incentives provided : <br /> a . The minimum number of qualifying jobs that must be provided in <br /> Phase I is 5 . <br /> b . The maximum number of jobs eligible for local jobs grant funds <br /> between Phases 1 , II , and III is 20 . <br /> c . The maximum extension for a phase commencement date shall be <br /> one year . Such commencement date may be approved <br /> administratively by County staff. If any of the total 20 eligible <br /> jobs proposed for Phases 1 , II , and Ill are created after the Phase <br /> - 3 - <br /> -7777 <br /> Nq <br /> -0 K. .-tibVVC VI <br /> Ilk <br />