2016-031 - Laserfiche WebLink

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a. The minimum number of qualifying jobs provided is 5. b. The maximum number of jobs eligible for local jobs grant funds is 41. c. The maximum extension for the Commencement Date shall be one year. Such Commencement Date extension may be approved administratively by the County Community Development Director or his designee for good cause. If any of the 41 eligible jobs proposed are created after the Commencement Date or, if applicable, after an administratively approved extension to the Commencement Date, those fobs shall not be eligible for local fobs grant funds. In no case shall the total local jobs grant award exceed $177,000. (iii) Failure of COMPANY to maintain claimed jobs for at least 3 years at required wage levels will result in the reduction of the Grant amount paid to COMPANY, as set forth herein. If, by the end of any of the annual periods, COMPANY has not maintained the total number of claimed jobs required or if COMPANY has provided the total jobs required, but the annual wage for any of those jobs is less than required for that year, the Community Development Department Director, or his designee,will lower the jobs grant award for the respective year by the amount allocated in such year for each job for which the requirements of this agreement are not met. Thus,the total jobs grant award could be less than $177,000 by the end of this Agreement. If COMPANY changes the products or services it provides in such a way that would make COMPANY no longer qualify as a "Target Industry" or if COMPANY relocates outside of Indian River County, COMPANY shall be in Default of this Agreement. b. Performance Evaluation for Payment. With the submittal of COMPANY's 1" Quarterly Reemployment Compensation Report COMPANY shall provide to the Indian River County Community Development Director, or his designee, an employee census for the Effective Date of this Agreement. That employee census must list employee name, job title, city and state in which the employee lives, annual salary, location where employee works, and date of hire. COMPANY's performance evaluation will be conducted on an annual basis using the infonnation provided on the Quarterly Reemployment Compensation Report (RT-6 form) and COMPANY's quarterly updates to its employee census. Each updated employee census must include the information referenced above plus the date of termination for each employee (if the employee terminates employment with the company). COMPANY shall supply additional documentation to the Community Development Director, or his designee, in a foam acceptable to the Community Development Director, or his designee, showing that positions for -4-