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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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Section 3.02. Job Creation. On or before December 31, 2016, Company shall employ, <br />as determined below, a minimum of 140 persons in Jobs (the "Minimum Jobs Requirement "). <br />Thereafter, the Minimum Jobs Requirement shall increase by 70 Jobs in each subsequent year until <br />December 31, 2019, at which time the Minimum Jobs Requirement shall be, and the Company <br />shall employ, a minimum of 350 Jobs. While the titles, personnel, or the classification of such Jobs <br />may change, the Minimum Jobs Requirement shall be maintained through the end of the Term, <br />provided that, the Minimum Jobs Requirement may vary depending on the date of determination <br />(e.g., the Minimum Jobs Requirement as of December 31, 2017 shall be 210 Jobs, while the <br />Minimum Jobs Requirement as of December 31, 2018 shall be 280 Jobs). For purposes of <br />determining Company's satisfaction of the Minimum Jobs Requirement as of December 31, 2020 <br />and thereafter, an average of the number of Jobs held over the applicable period shall be used. For <br />instance, to determine Company's satisfaction of the Minimum Jobs Requirement for calendar <br />year 2020, an average shall be taken of the Jobs filled during the period of January 1, 2020 through <br />December 31, 2020. Company agrees that it will maintain, and shall use its best efforts to enforce, <br />employment policies that prohibit discrimination from occurring in the creation of Jobs on the <br />basis of race, creed, color, national origin, sex or disability or other characteristics for which <br />protection is available under applicable local, state and federal anti- discrimination laws. <br />Section 3.03. Compliance with Laws. In performing its obligations under this Article, <br />Company shall comply with all applicable laws, regulations and ordinances. <br />ARTICLE IV <br />GRANT PAYMENTS; EXPEDITED REVIEWS; WAIVERS; PUBLIC ROADWAYS <br />Section 4.01. Grant Payments. Subject to other terms and conditions of this Agreement <br />and Company's compliance with this Agreement, the City will make Grant Payments to Company <br />in the manner set forth in this Article. <br />4 <br />
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