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JOBS GRANT AGREEMENT BETWEEN INDIAN RIVER COUNTY AND THIS INDIAN RIVER COUNTY JOBS GRANT AGREEMENT("Agreement")is made as of the 7th day of June, 2016 (the "Effective Date'') by and between Indian River County, a political subdivision of the State of Florida. by and through its Board of Commissioners,hereinafter referred to as COUNTY, and a company authorized to do business in the State of Florida, hereinafter referred to as COMPANY. BACKGROUND RECITALS: WHEREAS, it is the policy of COUNTY to stimulate economic growth in COUNTY by either attracting new businesses to COUNTY or by encouraging the expansion of existing businesses within COUNTY; and WHEREAS,the creation of new employment opportunities for residents of COUNTY and the increased tax revenues resulting from such business expansions or relocations within COUNTY is beneficial to the local economy; and WHEREAS, COUNTY has determined that offering a Jobs Grant Program encourages businesses to expand within or new businesses to locate in COUNTY and thereby creates new employment opportunities for the residents of COUNTY; and WHEREAS, COUNTY, through its Board of County Commissioners, has created a local Jobs Grant Program; and WHEREAS,COMPANY, in accordance with the COUNTY's Jobs Grant Program criteria, will expand its business in COUNTY to create 25 additional full time jobs which pay at least 75%of COUNTY's average annual wage level; and WHEREAS,COUNTY has determined that COMPANY is eligible to receive a Jobs Grant; and WHEREAS, COMPANY acknowledges that this Agreement shall be based upon compliance with COUNTY Jobs Grant Program requirements; and, WHEREAS, COUNTY finds and declares that it is in the public interest to award a Jobs Grant to COMPANY pursuant to the terms of this Agreement. NOW,THEREFORE, in consideration of the premises and mutual covenants hereinafter contained, the parties do agree as follows: 1. Definitions. As used in this Agreement, the following terms shall mean: -I-