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o S/o7 /J3 <br /> Ia • A • I • <br /> ao r 3• v 87A <br /> JOBS GRANT AGREEMENT BETWEEN INDIAN RIVER COUNTY <br /> AND <br /> NEXT LEVEL SECURITY SYSTEMS, Inc. <br /> THIS INDIAN RIVER COUNTY JOBS GRANT AGREEMENT ("Agreement") is made <br /> as of the 7h day of May, 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 Next Level Security Systems, Inc . , a company authorized to do <br /> business in 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 ' s corporate headquarters is currently located in California; and <br /> WHEREAS, COMPANY, in accordance with the county ' s Jobs Grant Program criteria, will <br /> move its corporate headquarters to Indian River County and will create 10 new full time jobs which <br /> 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, COMPANY acknowledges that this Agreement shall be based upon <br /> compliance with County ' s jobs grant program requirements ; and, <br /> WHEREAS, COUNTY fmds 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 /> NOW, THEREFORE, in consideration of the premises and mutual covenants hereinafter <br /> contained, the parties do agree as follows: <br /> I <br />