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2014-058
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2014-058
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Last modified
3/13/2017 11:30:58 AM
Creation date
10/1/2015 6:03:35 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
04/22/2014
Control Number
2014-058
Agenda Item Number
12.A.1
Entity Name
Trueaero, LLC
Subject
Jobs Grant Agreement
Supplemental fields
SmeadsoftID
13106
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COMPANY's performance evaluation will be conducted on an annual basis <br />using the information provided on the State's Quarterly Reemployment <br />Compensation Report (RT -6 form) and COMPANY' s quarterly updates to its <br />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 the Community Development <br />Director, or his designee, in a form acceptable to the Community <br />Development Director, or his designee showing that positions for which jobs <br />grant funds will be awarded are filled by people who live in Indian River <br />County or adjacent counties. <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 />i:Phase;';1" <br />;� <br />,,.. `: °. , Grak Elig billty41teterminatio'ns <br />' . „„ <br />i tb st tz <br />l , <br />nd <br />2 <br />, f, . <br />: : 3 <br />rd " <br />3;.f (final) t <br />6v <br />Be <br />m <br />y <br />«End..:`: <br />: Begin <br />End• <br />egin; <br />. <br />I <br />10/01/2014 <br />9/30/2015 <br />10/01/2015 <br />9/30/2016 <br />10/01/2016 <br />9/30/2017 <br />II <br />7/01/2015 <br />6/30/2016 <br />7/01/2016 <br />6/30/2017 <br />7/01/2017 <br />6/30/2018 <br />(i) Each job must meet the minimum wage requirements specified in this <br />Agreement. Payment of Grant funds shall be made within forty-five (45) <br />days after the date COMPANY submits the latest State Quarterly <br />Reemployment Compensation Report comprising the Annual Job Status <br />Report (as defined in Paragraph 7), and this payment obligation shall survive <br />the termination of this Agreement. Notwithstanding the foregoing, should <br />the date for filing the last quarterly reemployment compensation report, as <br />described above, not coincide with the date that an eligibility determination is <br />made, COMPANY shall have the right to file a report, in a form substantially <br />similar to a quarterly reemployment compensation report, and such report <br />shall constitute the Annual Job Status Report, the filing of which shall begin <br />the running of the forty-five (45) -day period within which payment shall be <br />made. <br />If COMPANY applies for a Qualified Target Industry (QTI) Tax Refund <br />from the State of Florida and if COMPANY has that QTI Tax Refund <br />approved by the State, Community Development Department staff will <br />reduce the local jobs grant amount paid directly to COMPANY for each <br />eligibility determination in an amount sufficient to cover COUNTY's QTI <br />Tax Refund 20% contribution obligation to the State for COMPANY's QTI <br />Tax Refund agreement. Community Development Department staff will <br />submit the 20% payment obligation to the State for placement in the Florida <br />Economic Development Trust Fund <br />
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