Laserfiche WebLink
10. Developer agrees to meet the Job Creation and Wage Level Goals on or before <br /> • , 19 . Failure to meet the Goals by this date shall be a Default <br /> under the terms of this Agreement. In addition to such other remedies as City and EDA <br /> may have, if Developer defaults by not meeting the Job Creation and Wage Level Goals, <br /> Developer shall immediately repay to City all amounts paid to Developer pursuant to this <br /> Agreement. <br /> 11. Developer shall report to EDA no later than 1st of each year that this <br /> Agreement is in effect: <br /> • Actual jobs created since first payment received under this Agreement. <br /> • Actual average hourly wage paid to employees hired since first payment <br /> received under this Agreement. <br /> IN WITNESS WHEREOF, the City of Elk River, the Economic Development Authority for the <br /> City of Elk River and Developer have caused this Development Agreement to be executed as of the date <br /> and year first above written. <br /> CITY OF ELK RIVER <br /> By: <br /> Henry Duitsman, Mayor <br /> • <br /> By: <br /> Patrick D. Klaers <br /> City Administrator <br /> ECONOMIC DEVELOPMENT AUTHORITY FOR <br /> THE CITY OF ELK RIVER <br /> By: <br /> Jeffrey Gongoll, President <br /> Elk River EDA <br /> By: <br /> Patrick D. Klaers, Acting Executive Director, <br /> Elk River EDA <br /> 4110 <br /> PXB 100445 3 <br />