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a 't <br />? For the first five years of PreEmptive's new lease at 767 Beta Drive; the Village will <br />provide an annual. grant of an amount equal to thirty perceiit (30%) of PreEnlptive's <br />income taxes withheld for wages earned in the _Village and/or paid to the Village oi1. its <br />final net annual payroll, The Village will set a threshold amount of minimum incometax revenue required for the annual grant based. upon historic tax collections. If <br />PreEmptive fails to meet tliis thresl7old in any given year then PreEmptive would not. <br />be entitled to the thirty percent (30%). grant for that tax year. The annual grant <br />payment will be calculated based on infoimation provided by ihe Regional Income <br />Tax Agency (RITA). <br />Notvvithstaznding ' that .either .oa- bo.th, the Village amd PreEmptive, miay - expetid <br />substantial efforts. and. sums in anticipation of entering into. an Inceiltive Grant <br />. . agreement, tlae paa-ties acknowleclge that #his.lettea-shall in iiio event be construed as' am <br />enforceable 'agi-eement to require the provision of? any Incentive Grant from the. Village <br />to PreEmptive; and each party accepts the risk that no such Incentive Grant will be _ <br />provided. Each* party vvill be free to terminate negotiations with tbe other for any <br />reason whatsoever, at aaay' time prior to both parties' authoriiation of and execution of .. <br />any agreeinekt(s) for3nalizing thE Incentive Grant, without incurring any liabilaty to the <br />other. <br />Please carefully reyiew the information set forth above. If PreEmptive is interested in pursuing <br />the Incentive Grant outliried above; please sign and return this lettex to me as soon as possible. Upon receipt of the signed letter, we will seek a rESOlution of support from Village Council at <br />their next voting meeting: Once the resolution of suppoz-t is passed, we will draft the Incentiye <br />Gra.ilt agreement which will require Village Council approval. <br />If you have any questions, please contact me at 440442=1762 or rwynne@mayfielclvillage:coin. <br />Sincerely, <br />Ronald C. Wyrine <br />Director of Finance <br />Ivlayfield Village " <br />-??-?- <br />Gabriel.Torok : <br />CEO <br />PreEmptive Solutions LLC <br />cc: Mark Pagerholm ?!