Laserfiche WebLink
a7 / 05/jf <br /> ia . A . I . <br /> INDIAN RIVER COUNTY JOBS GRANT AGREEMENTa C) 1 ) ` q y <br /> THIS INDIAN RIVER COUNTY JOBS GRANT AGREEMENT ("Agreement") is made <br /> as of the 5 `" day of July , 2011 by and between Indian River County, a political subdivision of the <br /> State of Florida, by and through its Board of Commissioners , hereinafter referred to as COUNTY, <br /> and SMI Telecoms, LLC a limited liability 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 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 /> 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, 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 /> a . "Annual Wage" - includes salary , bonuses, and commissions . <br /> - 1 - <br />