6B(1) - Laserfiche WebLink

Home Browse Search

1 4.5 Obtain Necessary Easements. Company agrees to obtain any all easements from the Indiana Department of Transportation and any other third parties that the Commission deems necessary or advisable in order to complete the Local Public Improvement and the obtaining of such easements is a prerequisite to the Commission's obligations hereunder. 1 4.6 Timeframe for Completion. Company hereby agrees to complete the construction of the Project and any other obligations the Company may have in conjunction and in accordance with this Agreement by March 15,2017(the"Mandatory Completion Date"). 4.7 Company's Employment Obligations. The Company shall create 2 new jobs by December 31, 2016, with expected average hourly wages of no less than Twelve Dollars ($12) per hour at an minimum of Thirty (30) hour per week for each employee. Any failure of the Company to provide the stated number of jobs at the stated hourly rates shall be considered a default under this Agreement. I 4.8 Reporting Obligations. I (a) Upon the letting of contracts for substantial portions of the Project and u again upon substantial completion of the Project, Company hereby agrees to report to the Commission the number of local contractors and local laborers involved in the Project, Ithe amount of bid awards for each contract related to the Project, and information regarding which contractor is awarded each contract with respect to the Project. (b) On or before April 15, June 30, September 30 and December 31 of each year until substantial completion of the Project, Company shall submit to the Commission a report demonstrating Company's good-faith compliance with the terms of jthis Agreement. This report shall include the following information and documents: (i) a status report of the construction completed to date, (ii)an update on the project schedule, and(iii)an itemized accounting generally identifying the Private Investment to date. (c) On or before April 15 of the year that is one year after substantial completion of the Project and on each April 15 thereafter until April 15 of the year which is five years after substantial completion of the Project, Company shall submit to the Commission a report with the following information: (i) the number of jobs created as a 3 result of the Project and wage and benefit information for the jobs created; and (ii) a detailed description of the of the job and wage details for the number of people employed by the Project. 4.9 Submission of Plans and Specifications. Upon completion of plans and Ispecifications for the Project,Company shall deliver a complete set thereof to the Commission. 4.10 Costs and Expenses of Construction of Project. Company hereby agrees to pay, j or cause to be paid, all costs and expenses of construction for the Project (including legal fees, architectural and engineering fees), exclusive of the Local Public Improvements, which shall be I paid for by the Commission by and through the Funding Amount. a i 3 I I