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2013-072
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2013-072
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Last modified
10/30/2015 11:37:23 AM
Creation date
10/1/2015 5:14:36 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Grant
Approved Date
04/02/2013
Control Number
2013-072
Agenda Item Number
12.A.1
Entity Name
Triton Submarines LLC
Subject
Jobs Grant Agreement
Supplemental fields
SmeadsoftID
11849
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a. The minimum number of qualifying j obs that must be provided in <br /> Phase I is S . <br /> b . The maximum number of jobs eligible for local jobs grant funds <br /> for Phases I , II, and III is 24 . <br /> c . The maximum extension for a phase commencement date shall be <br /> one year. Such commencement date may be approved <br /> administratively by County staff. If any of the 24 eligible jobs <br /> proposed for Phases I, and II, and III are created after the Phase <br /> III commencement date or, if applicable, after an administratively <br /> approved extension to the Phase III commencement date, those <br /> jobs shall not be eligible for local jobs grant funds, unless an <br /> amendment is made to this agreement to allow for that. <br /> d. In no case shall the total local jobs grant award exceed $94,000. <br /> (v) 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 , as set forth herein. If, by the end of any of the annual periods, <br /> COMPANY has not maintained the total number of claimed jobs required or <br /> if COMPANY has provided the total jobs required , but the annual wage for <br /> any of those jobs is less than required for that year, COUNTY will lower the <br /> jobs grant award for the respective year by the amount allocated in such year <br /> for each job for which the requirements of this agreement are not met. Thus, <br /> the total jobs grant award could be less than $94,000 by the end of this <br /> Agreement. <br /> b . Performance Evaluation for Payment. COMPANY shall provide to <br /> COUNTY an employee census for the date that this jobs grant agreement is <br /> approved . That employee census must list employee name, job title , city and <br /> state in which the employee lives, annual salary, location where employee <br /> works, and date of hire . <br /> COMPANY ' s performance evaluation will be conducted on an annual basis <br /> using the information provided on the State ' s Quarterly Unemployment <br /> Compensation Report (LJCT-6 .form) and COMPANY ' s quarterly updates to <br /> its employee census . Each updated employee census must include the <br /> information referenced above plus the date of termination for each employee <br /> (if the employee terminates employment with the company) . COMPANY <br /> shall supply additional documentation to COUNTY, in a form acceptable to <br /> COUNTY, showing that positions for which jobs grant funds will be awarded <br /> are filled by people who live in the general area/region. <br /> The Grant eligibility determinations will cover one year periods for each of <br /> the Phases, with each yearly period beginning and ending as follows . <br /> -4- <br />
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