Laserfiche WebLink
DRAFT <br />remaining future Grant payments for future eligibility time periods provided <br />COMPANY is current on such taxes referenced above at the time of future <br />Grant eligibility determination time periods. <br />4. Job Creation Commitment. COMPANY estimates that it will provide 50 new <br />Qualifying Jobs within COUNTY as set forth in Exhibit `B", which is attached <br />hereto and made a part hereof. The exact number of jobs actually supplied and their <br />salaries, however, may vary. Grant funds will be awarded up to a maximum of <br />$150,000. The Grant award will be based on the following: <br />Category* <br />Amount Per Job <br />75% to 99.99% of Indian River County <br />$3,000 <br />Average Annual Wage <br />100% to 149.99% of Indian River County <br />$5,000 <br />Average Annual Wage <br />150% of Indian River County Average <br />$7,000 <br />Annual Wage (or greater) <br />*One average annual wage category will be utilized consistent with Exhibit "D" and the <br />County's current adopted payment calculation methodology. <br />5. Wage Level Commitment. COMPANY estimates that it will pay 48 employees <br />whose jobs are eligible for a Grant hereunder an annual wage of not less than <br />$32,383.50, will pay 1 employee an annual wage of not less than $43,178.00, and <br />will pay 1 employee an annual wage of not less than $64,767.00. The annual wage <br />of the positions will be determined without taking into account the value of any <br />benefits. COMPANY shall, in accordance with the provisions of paragraph 6 <br />below, provide written verification of such wages satisfactory to the Community <br />Development Director or his designee. <br />6. Annual Job Status. COMPANY must provide the Community Development <br />Director or his designee with Quarterly Reemployment Compensation Reports <br />(Form RT -6) of its business operations within COUNTY on State form RT -6, as <br />amended, a sample of which is attached hereto and made a part hereof as Exhibit <br />"C". COMPANY must also provide the Community Development Director or his <br />designee with quarterly updates to its employee census for employees working at <br />its Indian River County location(s) (see section 3.b. of this Agreement). The <br />cumulative Quarterly Reemployment Compensation Reports required to be filed <br />for the annual period, correlated with each eligibility determination and the <br />corresponding quarterly employee census shall collectively comprise the Annual <br />Job Status Report. Quarterly, COMPANY must also provide the Community <br />Development Director or his designee a signed statement indicating the percent of <br />-7- <br />Attachment 2 <br />60 <br />