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Res 2013-164/Approving a Chapter 380 Economic Development Incentive agreement w/Triangle Pump
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Res 2013-164/Approving a Chapter 380 Economic Development Incentive agreement w/Triangle Pump
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Last modified
6/28/2016 3:30:08 PM
Creation date
10/22/2013 9:59:32 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2013-164
Date
10/15/2013
Volume Book
200
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ARTICLE VII <br />INFORMATION <br />Section 7.01. Information. Triangle shall, at such times and in such form as the City <br />may reasonably request from Triangle, provide information concerning the performance of <br />Triangle's obligations under this Agreement. <br />Section 7.02. Annual Certification Related to Jobs and Compliance With <br />Agreement Beginning in the year 2016 and continuing each year thereafter during the Term, <br />Triangle shall submit to the City, on or before January 30, a certified statement acceptable to the <br />city manager of the City, signed by an authorized officer or employee of Triangle, providing the <br />following information: <br />(a) the total number of Jobs created in the preceding calendar year and <br />cumulatively since the Effective Date; <br />(b) verification that at least 25 percent of persons employed in a Job maintain <br />primary residency in the City of San Marcos; and <br />(c) a statement that it is in full compliance with its obligations under this <br />Agreement or, if not in full compliance, a statement disclosing the nature of any non- <br />compliance and any reasons therefor. <br />After receiving a timely submitted certified statement, the City shall have 60 calendar days to <br />notify Triangle in writing of any questions that the City may have concerning any of the <br />information provided by Triangle, and Triangle shall diligently work in good faith to respond to <br />such questions to the City's reasonable satisfaction. <br />Section 7.03. Review of Triangle Records. Triangle agrees that the City will have the <br />right to review the business records of Triangle that relate to the Project and Triangle's <br />compliance with the terms of this Agreement at any reasonable time and upon at least seven <br />
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