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January 5, 2015 <br />INDIAN RIVER COUNTY <br />COMMUNITY DEVELOPMENT DEPARTMENT <br />1801 27th Street, Vero Beach FL 32960 <br />772-226-1237 / 772-978-1806 fax <br />www.ircgov.com <br />John M. Manchec <br />Aero Shade Technologies, Inc. <br />3105 Industrial Avenue Three <br />Fort Pierce, FL 34946-8622 <br />Re: Aero Shade Technologies Local Jobs Grant Agreement <br />Dear Mr. Manchec: <br />On April 20, 2004, the Board of County Commissioners entered into a local jobs grant agreement <br />with Aero Shade Technologies, Inc. for an amount of up to $12,100. Per that agreement, the <br />$12,100 would be payable to Aero Shade Technologies, Inc. over a 5 year period based upon <br />Aero Shade Technologies, Inc. meeting certain performance requirements. Among those <br />performance requirements was that Aero Shade Technologies agreed to locate within the County, <br />create and maintain a total of 12 new full-time wage qualifying jobs, and on a quarterly basis <br />submit state unemployment compensation reports to the County. Tracking of those performance <br />requirements was to begin when Aero Shade Technologies relocated to the County and end 5 <br />years thereafter with the automatic termination of the agreement. <br />Based on a review of the Aero Shade Technologies, Inc. local jobs grant file, no quarterly state <br />unemployment compensation reports were submitted to the County, and it is evident that Aero <br />Shade Technologies, Inc. is now located within Fort Pierce, Florida. Consequently, Aero Shade <br />Technologies is in default of performing its agreement requirements and the County has <br />terminated the 2004 local jobs grant agreement with Aero Shade Technologies, Inc. <br />Even though the 2004 local jobs grant agreement is terminated, please be advised that Aero <br />Shade Technologies may apply for a new Local jobs grant should it desire in the future to <br />locate within Indian River County. The local jobs grant program has been improved since <br />2004 to include larger payments (between $3,000 and $7,000 per job) and greater flexibility. <br />If Aero Shade Technologies would like to consider re -locating to Indian River County in the <br />future, please contact Helene Caseltine, Economic Development Director at the Indian River <br />County Chamber of Commerce at 772-567-3491, extension 121 or <br />directored@indianriverchamber.com. <br />Best wishes for the continued success of your company! <br />Attachment 2 <br />9 <br />