04/22/2014 - Laserfiche WebLink

Home Browse Search

DI j. "Quarterly Reemployment Compensation Report (RT -6 form)" — Form from the Florida Department of Revenue that businesses in the state of Florida must complete and submit to the state on a quarterly basis. Information collected on the form includes the names of employees, their social security numbers, and the gross wages paid to each employee on a quarterly basis. The information is used for reemployment compensation should employees cease to be employed. For purposes of this jobs grant agreement, this definition shall also include other similar county approved certified forms from COMPANY or COMPANY's professional employer organization. k. "Relocation of a business" — a business relocating to Indian River County and employing 5 or more full-time employees in the County. 1. "Target Industry" — An industry identified within the Target Industry List of the Economic Development Element of Indian River County's Comprehensive Plan (Policy 2.5 of the Economic Development Element). 2. Term; Termination. This Agreement shall be effective as of date of this agreement stated on page 1 and shall automatically terminate after COUNTY has made the last payment to COMPANY, unless terminated earlier by COUNTY because of a default by COMPANY. 3. Grant Eligibility; Payment Schedule. a. COMPANY will be eligible for total Jobs Grant Funding (hereinafter a "Grant") in an amount of up to $63,000. COMPANY acknowledges and agrees that the initial Grant under this Agreement is payable on a re- imbursement basis. There are a total of 2 separate Phases. The number of jobs estimated to be provided by phase is listed below. Jobs grant payments are dependent upon the number of employees exceeding the company's employment level at the time that this Agreement is approved by the Indian River County Board of County Commissioners. (i) For Phase I, 10 new qualifying jobs meeting the wage level commitment in Section 5 of this Agreement shall be provided by the phase commencement date 10/01/14. For each of the three successive annual periods that those jobs are maintained at the required wage level, COMPANY shall receive 1/3 of the Grant amount for those 10 jobs. (ii) For Phase II, 3 new qualifying jobs meeting the wage level commitment in Section 5 of this agreement shall be provided by the phase commencement date 7/01/15. For each of the three successive annual periods that those jobs -3- 75