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rJ _ od ; <br /> C.a / 0? <br /> JOBS GRANT AGREEMENT BETWEEN INDIAN RIVER COUNTY <br /> AND NYLACARB CORPORATION <br /> THIS INDIAN RIVER COUNTY JOBS GRANT AGREEMENT ( `Agreement") is made <br /> as of the 22nd day of May , 2012 (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 Nylacarb Corporation , a corporation authorized to do business in the <br /> 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 , in accordance with the county ' s Jobs Grant Program criteria, will <br /> expand its existing business in Indian River County to create new employment opportunities that pay <br /> 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 jobs grant program requirements ; and , <br /> WHEREAS, COUNTY finds 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 /> 1 . Definitions . As used in this Agreement, the following terms shall mean : <br /> - 1 - <br />