Laserfiche WebLink
Category* <br />Amount Per Job <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 0 employees whose <br />jobs are eligible for a Grant hereunder an annual wage of not less than $34,716.75, <br />will pay 20 employees an annual wage of not less than $46,289, and will pay 4 <br />employees an annual wage of not less than $69,433.50. 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 Planning and Development <br />Services Director or his designee. <br />6. Annual Job Status. COMPANY must provide the Planning and Development <br />Services Director or his designee with Quarterly Reemployment Compensation <br />Reports (Form RT -6) of its business operations within 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 Planning and Development Services <br />Director or his designee with quarterly updates to its employee census for <br />employees working at its Indian River County location(s) (see section 3.b. of this <br />Agreement). The cumulative Quarterly Reemployment Compensation Reports <br />required to be filed for the annual period, correlated with each eligibility <br />determination, and the corresponding quarterly employee census shall <br />collectively comprise the Annual Job Status Report. Quarterly, COMPANY must <br />also provide the Planning and Development Services Director or his designee a <br />signed statement indicating the percent of its total sales/services from the Indian <br />River County location provided outside of Indian River County for the jobs grant <br />payment time period. <br />Starting with calendar quarter 4 in 2026, quarterly reports must be submitted for <br />Grant eligibility determination. Those quarterly reports must be submitted no <br />later than 60 days after the end of each quarter, until the termination of this <br />Agreement. Submittal deadline may be waived by the Planning and Development <br />Services Director, for good cause. <br />7. Default; Termination. Except as set forth herein, in the event that COMPANY <br />defaults in the performance of its guarantees and commitments as provided for <br />in this Agreement, COUNTY may, at its option, terminate this Agreement. <br />-7- <br />