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Res 2014-170/Approving a Chapter 380 Economic Development Incentive with United Weld Operations, LLC
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Res 2014-170/Approving a Chapter 380 Economic Development Incentive with United Weld Operations, LLC
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1/22/2015 4:00:24 PM
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12/29/2014 3:34:25 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2014-170
Date
12/16/2014
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Payment, Company may at its option terminate this Agreement effective upon written notice to <br />the City, subject to any unpaid Grant Payment properly due to Company for which a lawful <br />appropriation of funds has occurred. <br />Section 6.03. No Recourse. Company shall have no recourse against the City for the <br />City's failure to budget and appropriate funds during any fiscal year to meet the purposes and <br />satisfy its obligations under this Agreement. <br />ARTICLE VII <br />INFORMATION <br />Section 7.01. Information. Company shall, at such times and in such form as the City <br />may reasonably request from Company, provide information concerning the performance of <br />Company's obligations under this Agreement. <br />Section 7.02. Annual Certification Related to Minimum Jobs Requirement and <br />Compliance With Agreement. Beginning in calendar year 2016 and continuing each calendar <br />year thereafter during the Term, Company shall submit to the City, on or before January 30 of each <br />such year, a certified Compliance Certificate, acceptable to the city manager of the City and signed <br />by an authorized officer or employee of Company, that Company is in full compliance with its <br />obligations under this Agreement or, if not in full compliance, a statement disclosing the nature of <br />any non - compliance and any reasons therefor. Beginning in calendar year 2017, each Compliance <br />Certificate shall also include information regarding Company's satisfaction of the Minimum Jobs <br />Requirement as of the end of the preceding calendar year, as determined in accordance with <br />Section 3.02 hereof. After receiving a timely submitted Compliance Certificate, the City shall <br />have thirty (30) days to notify Company in writing of any questions that the City may have <br />concerning any of the information provided by Company in its Compliance Certificate, and <br />10 <br />
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