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3.7 Reporting Requirements for Performance Agreement <br />American understands that the grant of land and funds made herein are public <br />assets and that consequently, PEDC and the City must exercise due diligence in ascertaining <br />that American meets is obligations under this Performance Agreement. Accordingly, <br />American agrees to report to PEDC as follows: <br />A. With Respect to Construction of the Facility: <br />1. American will notify PEDC of the Beginning of Construction as set <br />forth in paragraph 3.4.A hereinabove in order to request the payment <br />of the $1,500,000.00 in grant funds. <br />2. American will notify PEDC at the Completion of Construction by <br />providing PEDC with copies of its Certificates of Occupancy. <br />B. With Respect to FTE Positions: <br />1. Beginning in the First Year of Production, American will provide to <br />PEDC with a copy of its payroll for the Paris Facility, including the last <br />four digits of each employee's social security number, and with copies <br />of its Employer Quarterly Reports as filed with the Texas Workforce <br />Commission. American will also provide documentation showing the <br />hours worked per week in the preceding six (6) month period for each <br />employee. American shall provide this documentation to PEDC on a <br />semiannual basis. American shall certify that the documents provided <br />are true and correct copies of same in the form attached hereto as <br />Exhibit Gwith submissions being due no later than September 1st <br />(Q1 and Q2 of that calendar year) and March 1st (previous year's Q3 <br />and Q4) of each calendar year. <br />2. American shall provide the additional documentation set forth in <br />Section 3.5.B when applying for the release of the additional per FTE <br />Position payments. American may make such requests for additional <br />payments concurrently with its semiannual reporting requirements <br />contained in this Section. <br />3. Once a year, on the form attached hereto as Exhibit H, will <br />certify to PEDC and the City that it is compliance with each and every <br />3230089100 1.3 <br />