My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2010-081
CBCC
>
Official Documents
>
2010's
>
2010
>
2010-081
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
2/9/2016 4:21:41 PM
Creation date
10/1/2015 2:08:27 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
03/23/2010
Control Number
2010-081
Agenda Item Number
12.A.1.
Entity Name
INEOS New Planet BioEnergy LLC
Subject
Local Jobs Grant
Supplemental fields
SmeadsoftID
9627
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
13
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
3 . Grant Eli ig bilin ; Payment Schedule . <br /> a. COMPANY will be eligible for total Jobs Grant Funding (hereinafter a <br /> " Grant " ) in an amount of up to $ 310 , 000 if COMPANY locates within Indian <br /> River County . Said Grant shall be payable in 3 one year periods by Phase as <br /> more specifically set forth 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 2 <br /> separate Phases . The number of jobs estimated to be provided by phase is <br /> listed below . <br /> (i) For Phase I, 11 new qualifying jobs meeting the wage level commitment in <br /> Section 6 of this Agreement will be provided by 1 /31 / 11 . For each of the <br /> three annual successive periods that those jobs are maintained at the required <br /> wage level , COMPANY shall receive 1 /3 of the Grant amount for those 11 <br /> jobs . <br /> (ii) For Phase 1I , 44 new qualifying j obs meeting the wage level commitment <br /> in Section 6 of this agreement will be provided by 12/31 / 11 . For each of the <br /> three annual successive periods that those jobs are maintained at the required <br /> wage level , COMPANY shall receive 1 /3 of the Grant amount for those 44 <br /> jobs . <br /> (iii) It is understood that the quantity of jobs proposed by phase and their <br /> annual wages are estimates . Because of this , the quantity of jobs provided in <br /> each phase may shift between phases , and those jobs will remain eligible for <br /> 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 Phase I and Phase II is 50 . <br /> c . If any of the total 50 eligible jobs proposed for Phase I and Phase <br /> lI are created after 12/31 / 11 , those jobs shall not be eligible for <br /> local jobs grant funds unless an amendment is made to this <br /> agreement to allow for this . <br /> d . In no case shall the total local jobs grant award exceed $ 310 ,000 . <br /> (iv) Failure of COMPANY to maintain claimed jobs for at least 3 years at <br /> required wage levels will result in the reduction of the Grant amount paid to <br /> COMPANY . If by the end of any of the annual periods , COMPANY has not <br /> maintained the total number of claimed jobs required or if COMPANY has <br /> provided the total jobs required , but the annual wage for any of those jobs is <br /> - 3 . <br />
The URL can be used to link to this page
Your browser does not support the video tag.