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16-Public Hearing deliberate and act on a Resolution authorizing the submission of a contract amendment request for the Texas Capital Fund Contract
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16-Public Hearing deliberate and act on a Resolution authorizing the submission of a contract amendment request for the Texas Capital Fund Contract
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8/22/2012 3:04:50 PM
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6/11/2010 6:05:54 PM
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CITY CLERK
Doc Name
16
Doc Type
Agenda
CITY CLERK - Date
6/14/2010
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No/100 Dollars 3, , 8:99$4,000,000.00) for working capital to include real estate <br />acquisition/equitv, enqineerinq, pavroll construction of facilitv and construction of water line. ; <br />, ' . <br />Upon the Department's request, the Contractor shall provide evidence that contract funds were <br />expended as specified in Exhibits A and B. <br />Project Objective <br />As a result of this project, the Contractor shall ensure that the Company creates a minimum of one <br />hundred one (101) permanent jobs. Fifty-one percent (51 or fifty-two (52) of these jobs shall be held <br />by LMI persons prior to Date of Termination. In the event more than one hundred one (101) permanent <br />jobs are created, the Contractor shall ensure that at least fifty-one percent (51 of all permanent jobs <br />created during the contract period are held by LMI persons. Any employee transferring from another <br />Company location or related business operation shall be identified and may not be considered as a <br />created permanent job. <br />70, <br />
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