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0/l/ aM <br /> Roundstone Insurance Summary Advisory Panel ire �I <br /> Letter of Understanding for Performance Based Economic Development Grant Met four times over the past ten months <br /> ,a <br /> Os r comments on a Provided ts�feedback host <br /> Economic development giant to support the ietention,ielocation,and expansionof� b and p ll <br /> R mb t giant based t n p o b and ll retention and creatiFor of topic areae related to the project <br /> eight -.9 nto Jl <br /> ((8) t following p i f t b aldi g r t„^MG t ,1111 <br /> Max <br /> im t Sl E d ll 518/500 <br /> - P ( P - ) *m NO�����iii <br /> Reimb ement of eligible -p t -p t to the ftice space(im P rP-. CC .cepn�lDe,items that will zemawith - / <br /> _ P [F' g,M de[Anal i:.Scl ediile,and <br /> the building 1 ild R d t I - e lea the p-.mases) o 1 P <br /> Job Relocation,Creation, d Retention Commitments <br /> Panel found the Developer proposal is able <br /> Relocate, -.t.new,a minannimt108 FTE R-2 bs with a annnal llot atleast S930Q,000 i <br /> «ann a pro to meet the development objectives 0/%s <br /> C-.to d-.t t 1 -FTE R'2 b -rtl u 1 a roll of tl t Sl a0Q,000 <br /> each veai foi a pencid of f O veais tia <br /> Following tl t O veai period have a ininimnon of 193 FTE.W2 jobs withi nal pay ioll of at With the comments provided,the Panel <br /> least Sl500000 <br /> supported advancement of the proposal to <br /> Maintain a of 193 FTE W2 bs 1—ing an annuial p Droll of at least Sl/,500,000 for a period the development review and development <br /> of thre (3).ears following the five(5).ears described above <br /> agreement negotiation processes <br /> Process & Estimated Timeline Proposed Resolution <br /> General Guide for Moving Forward Authorizes the negotiation of <br /> Development Agreement only <br /> tav the°"gh <br /> Development Agreement must be <br /> ,I�tv zozz m12 j <br /> OE <br /> ��,� f <br /> submitted to Citv Council for review <br /> ���u�uuIIIIIIIIIIIIIIIIIIIII�IIIIII���lllnll <br /> A`tg`ts and approval <br /> Deneb ec �uo� � V <br /> Additionally,the site is zoned Planned ,�., N ,�. ,,,s.• <br /> .'��illll IIIIIIMIIIIIIII�II�IIIIVIII�I II�mll�Il I Dhecz�ooegz�bz <br /> Development District ret wring <br /> a <br /> Preliminary Development Plan Anda Final Development er�„ <br /> e r n”. <br /> Final Development Plan must be ......., <br /> IIIMII to th�°n hA�� N u•ti' .�n, ,.i« <br /> g r revaewed and a p roved 137 Cit <br /> "'illll <br /> � �llllllllllll Council <br />