1998 013 Ordinance - Laserfiche WebLink

Home Browse Search

9. Term of reement The term of this Agreement (the "Term") shall be from the date of Controlling Boazd approval and shall expire three (3) yeazs from the Project Completion Date (the "Expiration Date"). 10. Final Closeout Report. Within forty-five days after the Expiration Date, the Grantee shall submit to the Grantor a Final Closeout Report detailing the results of the Project, the total number of frill time employees hired and/or retained by the company or companies that have benefitted from this grant of funds during the Term of the Agreement, and the total expenditure of the funds by the Grantee. 11. Contineencv of the Grant of Funds. The grant of Funds shall be contingent upon the acquisition of funds from other financing sources. By executing this Agreement, the Grantee represents that sufficient funding, in addition to the Funds, has been obtained to complete the Project. 12. Job Creation. As a result of this grant of funds it is estimated that 525 jobs will be created, as further set forth in Exhibit I. 13. Effect of Failure to Create Jobs. If the company or companies that have benefitted from this grant of funds fail to create at least ninety (90) percent of the total estimated full time jobs as ~: stated in Exhibit I or fail to maintain the above-referenced employment levels during the Term of _ this Agreement for reasons other than Market Conditions, as defined in this Agreement, the Grantor, .:. . in its sole discretion, may require the Grantee to reimburse the Grantor in an amount equal to the ratio of the Funds to the total full time jobs to be created hereunder, multipliedby the number of full time jobs which the company or companies have failed to create. It is the sole option and responsibility of the Grantee to seek restitution or contribution from the participating company or companies. 14. Minority Hirin~~Rec~uirement Grantee shall make a good faith effort to hire minorities for the completion of the Project in the same percentage as the average percentage of minorities represented in the population and demographics of the county the Project is located and any contiguous Ohio counties. 15. Fc~ual Employment OOpportunity. The Grantee will not discriminate against any employee or applicant for employment because of race, religion, color, sex, national origin, disability, age, veteran status, or ancestry. The Grantee shall ensure that applicants for employment aze considered for employment and that employees are treated during employment, without regazd to their race, religion, color, sex, national origin, disability, age, veteran status, or ancestry. The Grantee will incorporate the requirements of this paragraph in all of its respective contracts for any of the work prescribed herein (other than subcontracts for standard commercial supplies or raw materials), and the Grantee will require all of its subcontractors for any part of such work to incorporate such requirements in all subcontracts for such work. Further, the Grantee agrees that it and any subcontractorshallcnmply with Ohio Administrative Code 5501-1-02, Appendix B, State Equal Employment Opportunity Covenant (For State Assisted Construction Contracts). 629fy98~mayfield.142 3