Laserfiche WebLink
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 />Philip Brooks <br />Chief Executive Officer <br />SMI Telecoms, LLC <br />280 Madison Avenue, 9th Floor <br />New York, NY 10016 <br />Re: SMI Telecoms Local Jobs Grant Agreement <br />Dear Mr. Brooks: <br />On July 5, 2011, the Board of County Commissioners entered into a local jobs grant agreement <br />with SMI Telecoms, LLC for an amount of up to $169,000. Per that agreement, up to $169,000 <br />would be payable to SMI Telecoms, LLC over a 4 year period based upon SMI Telecoms, LLC <br />meeting certain performance requirements. Among those performance requirements was that <br />SMI Telecoms, LLC agreed to locate within the County, create and maintain up to a total of 25 <br />new full-time wage qualifying jobs (a minimum of 5 of which were to be hired as part of Phase I), <br />and on a quarterly basis submit state unemployment compensation reports to the County. <br />Tracking of those performance requirements was to commence between December 31, 2011 and <br />December 31, 2012. The hiring of less than 25 new full-time wage qualifying jobs would result in <br />a reduced jobs grant award amount. <br />Based on a review of the SMI Telecoms, LLC local jobs grant file, no quarterly state <br />unemployment compensation reports were submitted to the County. In addition, it is evident that <br />SMI Telecoms LLC did not permanently locate in the County and that SMI Telecoms LLC was <br />administratively dissolved in the State of Florida. Consequently, SMI Telecoms, LLC is in default <br />of performing its agreement requirements and the County has terminated the 2011 local jobs grant <br />agreement with SMI Telecoms, LLC. <br />Should SMI Telecoms, or other companies with which you are involved, have plans to <br />expand or relocate, please consider Indian River County, Florida as a location. Interested <br />companies should 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 your current and future endeavors! <br />Attachment 4 13 <br />