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2011-174
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2011-174
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Last modified
2/15/2016 9:34:11 AM
Creation date
10/1/2015 2:45:37 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
08/16/2011
Control Number
2011-174
Agenda Item Number
12.A.2
Entity Name
INEOS New Planet BioEnergy LLC
Subject
Amended Jobs Grant Agreent
Area
INEOS New Planet BioEnergy
Supplemental fields
SmeadsoftID
10092
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D <br /> AMENDED JOBS GRANT AGREEMENT <br /> BETWEEN INDIAN RIVER COUNTY AND <br /> INEOS NEW PLANET BIOENERGY, LLC <br /> THIS INDIAN RIVER COUNTY JOBS GRANT AGREEMENT ("Agreement") is made <br /> as of the 16a` day of August, 2011 by and between Indian River County, apolitical subdivision of the <br /> State of Florida, by and through its Board of Commissioners, hereinafter referred to as COUNTY, <br /> and INEOS New Planet BioEnergy LLC, a corporation authorized to do business in the State of <br /> 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 expansion or relocation within <br /> Indian River County are beneficial to the local economy ; and <br /> WHEREAS, COUNTY has determined that offering a Jobs Grant Program encourages <br /> either businesses to expand within or new businesses to locate in Indian River County and thereby <br /> creates 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, in accordance with the county ' s Jobs Grant Program criteria, will <br /> relocate to and expand its existing business in Indian River County to create new employment <br /> opportunities that pay at least 75 % of Indian River County ' s average annual wage level ; and <br /> WHEREAS, COMPANY has been determined to be eligible to receive a Jobs Grant ; and <br /> WHEREAS, COUNTY approved a Jobs Grant Agreement with COMPANY on March 23 , <br /> 2010 that contained certain performance requirements, including a deadline for providing jobs <br /> subject to the Agreement; and <br /> WHEREAS, COMPANY submitted a letter on July 28 , 2011 requesting modifications to the <br /> Agreement, which includes extending the deadline for providing jobs subject to the Agreement, <br /> increasing the total number of jobs eligible for the Jobs Grant Program, and altering the jobs phase <br /> schedule; and <br /> WHEREAS, this amended Agreement incorporates the changes requested by COMPANY <br /> and hereby replaces the previously approved Agreement; and <br /> - 1 - <br />
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