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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 />4. Job Creation Commitment. COMPANY estimates that it will provide 13 new <br />qualifying jobs within Indian River County as set forth in Exhibit "B", which is <br />attached hereto and made a part hereof. The exact number of jobs actually supplied <br />and their salaries, however, may vary. Local jobs grant funds will be awarded up to a <br />maximum of $63,000. The jobs grant award will be based on the following: <br />Category <br />Amount Per Job <br />75% to 99.99% of Indian River County <br />Average Annual Wage <br />$3,000 <br />100% to 149.99% of Indian River County <br />Average Annual Wage <br />$5,000 <br />150% of Indian River County Average <br />Annual Wage (or greater) <br />$7,000 <br />5. Wage Level Commitment. COMPANY estimates that it will pay 4 employees whose <br />jobs are eligible for a Grant hereunder an annual wage of not less than $27,210.00, <br />will pay 6 employees an annual wage of not less than $36,280.00, and will pay 3 <br />employees an annual wage of not less than $54,420.00. The annual wage of the <br />positions will be determined without taking into account the value of any benefits. <br />COMPANY shall, in accordance with the provisions of paragraph 6 below, provide <br />written verification of such wages satisfactory to the Community Development <br />Director or his designee. COMPANY'S failure to maintain its wage level <br />commitment for any qualifying job for any one year will result in either the reduction <br />of the Grant amount awarded for that job for that year or will result in no award <br />provided for that job for that year. <br />6. Annual Job Status. COMPANY must provide the Community Development <br />Director or his designee with State Quarterly Reemployment Compensation Reports <br />(Form RT -6) of its business operations within Indian River County on State form RT - <br />6, as amended, a sample of which is attached hereto and made a part hereof as <br />Exhibit "C". COMPANY must also provide the Community Development Director <br />or his designee with quarterly updates to its employee census for employees working <br />at its Indian River County location(s) (see section 3.b. of this Agreement). The <br />cumulative Quarterly State Reemployment Compensation Reports required to be <br />filed for the annual period, correlated with each eligibility determination and the <br />corresponding quarterly employee census, shall collectively comprise the Annual Job <br />Status Report. <br />1)RAi Fr <br />-6- <br />78 <br />