Res 2021-157/approving a Chapter 380 Economic Development Incentive Agreement with Project Robot, providing incentives in the form of refunds of a percentage of real property taxes

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of this Agreement, the date of completion of construction shall be the date on which a final certificate of occupancy for occupancy by Tenant for conducting the Business is issued by the City. Neither a conditional, nor a temporary, certificate of occupancy shall constitute a certificate of occupancy for purposes of this section. Section 3.03. Minimum Capital Investment. On or before May 1, 2022, subject to any extensions approved by the City Manager of the City, or his designee, due to events of force majeure, Company or Tenant shall make an estimated minimum capital investment in improvements to the Facility and associated site improvements of at least $5,500,000.00 and shall invest at least $1,000,000.00 on furniture, fixtures and equipment at the Facility as of the date of occupancy of the Facility by Tenant. Section 3.04. Operation of Business. Tenant shall occupy and begin operation of the Business on the Land on or before May 1, 2022 and shall continuously operate, maintain and manage the Business for the duration of the Term. Section 3.05. Sustainability. The Business shall achieve a TRSA Clean Green Certification on or before December 31, 2024. The Tenant shall maintain the Clean Green certification for a minimum of 10 years after receiving the certification. Section 3.06. Job Creation. On or before December 31, 2022, Tenant shall employ at least 100 persons in Jobs Minimum Jobs Requirement and keep such Jobs filled during the Term. Notwithstanding that the minimum hourly wage for a Job is $15.00 per hour, the average annual salary among such 100 persons in Jobs shall be at least $44,629.00 per year. While the titles, personnel, or the classification of such Jobs may change, the Minimum Jobs Requirement shall be continuously maintained through the end of the Term. Tenant shall maintain, and shall use its best efforts to enforce, employment