Res 2014-073/Upland did not sign agreement - Renegotiated Chapter 380 between COSM and Upland Analytics, Inc.

Home Browse Search

benefits to and promises of the Parties set forth below, the Parties want to enter into this Agreement and agree to the terms and conditions set forth in this Agreement. PART 2. CHAPTER 380 PROGRAM ESTABLISHED Pursuant to Chapter 380, the City Council, hereby finds that a public necessity exists for and authorizes the establishment of a program under which the City will provide incentives to Upland subject to terms hereinafter provided, to assist in and effectuate the economic development objectives of the City as set forth in the Recitals. The City Council finds and determines that the economic development program established by this Agreement is necessary to promote local economic development and stimulate business and commercial activity within the City. PART 3. CHAPTER 380 INCENTIVE Section 3.01. Maximum Incentive Amount. The City agrees to provide financial incentives to Upland in a maximum cumulative amount up to $125,000.00 subject to the terms and conditions in this Agreement below. Section 3.02. Relocation to the City. Upland shall relocate its headquarters and primary business operations to the City of San Marcos on or before July 1, 2014. Said relocation shall be evidenced by submission of such information acceptable to the City Manager of the City verifying that the relocation has occurred such as, but not limited to, certificates of occupancy, governmental and agency filings, and marketing or advertising information. Section 3.03. Job Creation. Upland shall employ up to 125 persons in permanent full- time positions working at Upland's headquarters office in the City of San Marcos as follows: Cumulative jobs on or before December 31, 2014: 15 Cumulative jobs on or before December 31, 2015: 40 Cumulative jobs on or before December 31, 2016: 65