Orange County NC Website
property taxes and verification of employment and investment levels have been submitted to the <br /> County . <br /> B . TOTAL COUNTY COMMITMENT : The total County commitment for the Inducement <br /> Grant outlined in Section 3 .A. shall not exceed One Hundred Thousand Four Hundred <br /> Thirty Three Dollars ($ 100 ,433 . 00) . <br /> 4 . EXPANSION OPPORTUNITY <br /> Participation in this Agreement shall not exclude the Company from consideration for additional <br /> inducements from the County either during or after the Term of this Agreement . Future projects <br /> shall be considered on a case - by-case basis and induced at the discretion of the County based on <br /> new taxable investment and job creation in excess of the minimum levels outlined in Section 2 <br /> above . Any such agreement shall require a separate "Performance Agreement" which shall <br /> conform to all relevant North Carolina Statutes and Orange County Ordinances, Policies or <br /> Resolutions , shall be in writing, and shall be mutually agreed upon by the Parties . <br /> 5 . PROOF AND CERTIFICATION <br /> E <br /> The officials of the Company shall furnish the necessary reports and certificates to verify that <br /> the goals set out in this Agreement are met . Once the Company maintains its investment and <br /> employment goals for one year following the conclusion of the term of this Agreement it will no <br /> longer need to furnish these reports to the County . <br /> Acceptable forms of proof for taxable investment shall be the records of the County Tax <br /> Administrator . Acceptable forms of proof of payment of taxes shall be in the form of cancelled <br /> checks and receipts of payment from the County Tax Administrator or Finance Officer . <br /> Acceptable forms of proof for employment numbers shall be in the form of a notarized statement <br /> from a North Carolina licensed Certified Public Accountant and shall be verified by the North <br /> Carolina Employment Security Commission . <br /> Until that date which is one ( 1 ) year following the date of the final Incentive Grant payment, the <br /> Company shall allow representatives of the County to enter the Facility during normal business <br /> hours upon forty-eight (48) hours prior written notice for the purpose of confirming that the <br /> claimed investment and employment goals have been met and maintained . <br /> 6 . REMEDY <br /> A . INDUCEMENT PACKAGE : If the County does not meet and maintain the terms set forth <br /> in the inducement package , the Company has the option to the rights set forth in Section I I . A . <br /> of this Agreement upon thirty (30) days written notice to the County . <br /> I <br /> B . DELAY OF INDUCEMENT PACKAGE INITIATION : If the Company believes that it will <br /> not meet employment and investment goals that are to be met pursuant to this Agreement by <br /> December 31 , 2026 , the onset of the Inducement Grant Period may be delayed up to one ( 1 ) <br /> additional year, at the option of the Company . Written notification of the exercise of this option <br /> to delay onset must be received by the County no later than December 31 , 2026 . In that event <br /> this Agreement shall initiate no later than December 31 , 2027 and shall expire no later than June <br /> 30 , 2033 . Notwithstanding anything else herein the Commencement Date shall not be <br /> beyond December 31 , 2027 . If Company cannot meet these requirements this Agreement <br />