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<br /> Administration <br /> Contractor shall utilize Fifteen Thousand and No/100 Dollars ($15,000) of local funds to carry <br /> out all project administration activities, including the cost associated with the required annual <br /> program compliance and fiscal audit. It is further understood that any costs above this contract <br /> amount incurred by Contractor for these activities shall be paid for with local funds. <br /> Project Outcomes <br /> As a result of this project, Contractor shall ensure that CTEC creates sixty-five (65) permanent <br /> jobs prior to June 29, 1991. Fifty-one percent (51 %) of all jobs created shall benefit low and <br /> moderate income individuals. Contractor shall insure that CTEC creates the required jobs, in a <br /> timely fashion, according to the Project Implementation Schedule (Exhibit C). <br /> Page 2 of 2 <br />