My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
3-19-18 Regular Meeting
public access
>
Clerk
>
MINUTES
>
2018
>
3-19-18 Regular Meeting
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/16/2018 1:57:35 PM
Creation date
4/16/2018 11:39:47 AM
Metadata
Fields
Template:
Admin-Clerk
Document Type
Minutes
Committee
Board of Commissioners
Date
3/19/2018
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
108
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
WHEREAS; the Local Government has committed to provide matching funds and resources <br />for the Project equal to at least the amount set forth in N.C. Gen. Stat. § 143B437.72(cxl) (the "Match"); <br />and <br />WHEREAS; the Local Government's application (the "Local Government Application") has <br />been approved by DOC for fimding, based on the Local Government's commitments, and the commitments <br />made by the Company in its Program application (the "Company Application"); and <br />VAUREAS, the Company has executed an agreement (the "Company Performance <br />Agreement" or `5C'PA7) with the Local Government reflecting the Company's commitments to expand, <br />create and/or retain jobs and to take other actions that will support North Carolina's economic <br />development, and the terms on which funds will be made available for such activity from the Program.. <br />NOW THEREFORE, in consideration of the mutual covenants and promises set forth below, <br />the Local Government and DOC hereby agree as follows: <br />I_ 1 Il 1 I V II13I h J11 VJ� . jZcf)W)441/1& <br />(a) DOC agrees to provide Program fiord in the maximum amount of Two Hundred Fifty Thousand <br />Dollars ($250,000) for the Project (the "Grant"), in accordance with the terms of this LGGA and the CPA. <br />(b) Grant payments disbursed under this LGGA will be disbursed to the Local Government pursuant <br />to N.C. Gen. Stat. § 143B-437.70 et seq., the terms of the Program Guidelines and Procedures for <br />Commitment of Funds from the One North Carolina Fund, established pursuant to N.C. Gen. Stat. § 143B- <br />437.73 and in effect as of the effective date of this LGGA (the "Program Guldellnes"), consistent with the <br />terms and schedule established in the CPA. <br />(c) Grant disbursements are conditioned upon the execution of the CPA between the Local <br />Goverment and the Company, and any other required parties thereto, in a form acceptable to DOC. In <br />addition to the Company and the Local Government, the following is a required party to the CPA: Pfizer <br />Inc. (the "Guarantor"). <br />(d) To receive a Grant disbursement, the Local Goverment must provide or cause to be provided to <br />DOC a properly executed CPA, proof that the Company has performed its obligations under the CPA, <br />proof that the Local Government has met its obligation to provide the Match, a duly executed completed <br />disbursement request and certification in the form of Exhibit A hereof (the "Local Government <br />Disbursement Request"), and a duly executed completed Company's disbursement request and certification <br />in the form of Exhibit A to the CPA (the "Company Disbursement Request"). <br />H. LOCAL GOVERNMENT'S COMMITMENTS <br />(a) The Local Goverment agrees to perform the Program and to abide by all commitments, terms <br />and representations in the Local Government Application. <br />(b) The Local Goverment agrees to provide the Match in a manner consistent with N.C. Gen. Stat. <br />§ 143B -437.72(c)(1), the Program Guidelines and Procedures, and the Local Government Application. The <br />Local Government will provide to the DOC a copy of the duly executed agreement between the Local <br />Government (or other local entity) and the Company governing the local incentives that will be provided to <br />the Company for the Project (the "Local Incentive Agreement"), at the time the Local Government returns <br />the executed LGGA. The Company will be ineligible for a Grant disbursement until the Local Incentive <br />Agreement is provided to the DOC. The Local Government will report to the DOC the amount of each <br />incentive payment that is provided to the Company under the Local Incentive Agreement, within thirty (30) <br />days of the date on which it is provided, whether or not the CPA remains in effect. <br />OneNC Local Government Chant Agreement <br />Wyeth Holdings LLC / Lee County <br />Form 1/12/12 <br />
The URL can be used to link to this page
Your browser does not support the video tag.