My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
3-21-22 BOC Regular Meeting
public access
>
Clerk
>
MINUTES
>
2022
>
3-21-22 BOC Regular Meeting
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/2/2022 4:58:48 PM
Creation date
6/2/2022 4:58:23 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
26
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
When the COUNTY calculates its incentive each year, the COMPANY agrees <br /> that the incentive will be reduced if such cumulative taxable investment is not <br /> made in accordance with Exhibit A or the cumulative number of New Jobs is not <br /> met and maintained as shown in Exhibit B in each calendar year. <br /> d. The COMPANY'S compliance with all Performance Criteria set out in this <br /> Agreement shall be attested to annually under oath by an officer of the <br /> COMPANY and provided to the COUNTY by no later than March 31St of the <br /> subsequent year. The COMPANY must provide the NCUI 101 to the COUNTY <br /> and the COUNTY may, in its discretion, require other documentation to verify the <br /> attainment of these performance commitments. If the COMPANY has not <br /> provided proof of the New Jobs or the Taxable Investment by March 31St, it will <br /> be assumed the COMPANY is no longer requesting an incentive for that year of <br /> this Agreement. If the COMPANY needs additional time to provide the <br /> necessary proof, it must notify the COUNTY, in writing, thirty days before the <br /> proof is due, asking for an extension and the COUNTY has the sole discretion in <br /> determining whether to provide an extension and the date the proof will be due. <br /> 6. CLOSEOUT. The COUNTY will close out the Grant on the first of the following to <br /> occur, (hereinafter referred to as closeout): <br /> a. The Date as of which the COUNTY has received and accepted proof reasonably <br /> satisfactory to it that the Project has been completed and all the Performance <br /> Criteria have been satisfied; or <br /> b. The 31St day of December, 2026,unless such term is extended by mutual written <br /> agreement of the parties. <br /> 7. OBLIGATION TO REPAY GRANT FUNDS AND/OR RECEIVE PARTIAL <br /> INCENTIVES. As stated under the Performance Criteria and reiterated, if, for any <br /> reason, the COMPANY shall not satisfy the minimum conditions set forth in this <br /> agreement, then the COUNTY shall not pay the incentive grant, or shall reduce the <br /> amount of the incentive grant, and/or seek reimbursement from the COMPANY that <br /> received any incentives made possible by this grant, as set forth herein, and COMPANY, <br /> or any party, shall remit such incentive funds promptly to the COUNTY and the <br /> COMPANY shall bear all costs of collection. If the Project as described in this <br /> Agreement and the attached exhibits does not meet the Performance Criteria set out <br /> herein and the standards for the incentive paid as set out in Exhibit A, all or part of the <br /> Grant Award must be repaid, reduced or reimbursed as follows and as described in the <br /> performance criteria section above: <br />
The URL can be used to link to this page
Your browser does not support the video tag.