AG 2004 05 17 - Laserfiche WebLink

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(b) (c) occupancy must be issued and production must begin for Phase I Improvements (defined below) within eighteen (18) months following full execution of this Agreement. PPI represents to the County that Phase I Improvements will result in ~n annual average of additional new permanent full-time jobs at the Sit~, with ~*'~'e~'-,,' ,,,',',' annual wage of per hour, as determined by North~ ,",,i,, Carolina payroll records. Phase I~. Duriq~_ ~ase I~, PPI commits to ~nstallin~-'i~;' additional new Personal Property in ~h~-Phase I Facility... a__q an additional minimum ~axable ~nvestment of Eight. Million Dollars ($8,00~,000). {~he .,?base. ~i_. ~9~soqa1 Property'). PPI represents to the County that the addition of the Phase II Personal Property ~1 rps~l~..'" in an annual average of additional new permanent full-time jobs at the Site w~th an averaqe annual wage .'. of per hour, as determined by North Carolina payroll records. Phase ~II. During Phase III, PPI commits to construct additional new facility on the S~te and/or an addition :, i.:, to the Phase I Facility. This new facility shall serve as a distribution facility totaling an additional '~ minimum 450,000 square feet (the "Phase III Facility"). '..: The in~tial minimum taxable investment of the Phase III Facility shall be Thirteen Million Five Hundred Thousand Dollars ($13,500,000). Furthermore, during Phase III, PPI will also ~ns~all additional new Personal Property a~ the Phase I Facility and/or Phase II Facility at a minimum taxable investment of an additional Seven Million Dollars ($7,000,00~) (the ~p~..~II Personal Property". (The Phase III Facility and the ~'"i'fi'~, Personal Property may be collectively referred to as "Phase III Improvements".) PPI represents to the County that the addition of the Phase III Improvements will result iq an annual average of additional new permanent full-time jobs at the Sit~ with an average~""-.. D~letmd: D~l~md:. FormmttmJ: Indent: Lefb 0.52" ~ Formmt~md: Bullets and Numbenng · D~lm,md: _~ Delet~l: construct an additional new facility on the Site and/or an addition [~[et~d:. This new facility shall 8ez'~re as a distribution facility totaling Pel~: square feet D~|~(lld: III Facility"). The initial minimum taxable investment of the Phase Facility shall be Thirteen Million Five Hundred Thousand Dollars ($13,500,000). Furthermore, during Phase III, PPI will also install additional new Personal Property at the Phase I Facility and/or Phase II Facility at a minimum taxable investment of an additional Seven Million Dollars ($7,000,000) the "Phase I D~II~K~:", (The Phase III Facility and the Phase D~leted:mey be collectively referred to as "Phase III Improvements'.) PPI represents to the Coun~ FormattmJ: Bulle~ and Numbering D~l~t~: IV__~. During Phas~ D~%t~d: .) PPI represents to DeJs~d: County that the~ D~eted: xv (d) annual wage of per hour, as determined by North "-.. Carolina payroll records. ' Phase I~.~ ~uri~___~se' ~¥,~ ._~p~_ ~q.mmi~_~ .~o..~...~_~.~9~*..* of additional new Personal Property at the Site ~n..~..' additional minimum taxable investment ~_.~y~_ ~-~-.i Dollars ($7,000,00.0~_.~PI. ~p~pen~9 90..t~9 _~9__un_~y..t.h~...' the addition of the Phase ~V Personal Property will '-.. result iq an annual average of additional new Formatted: Bullets and Numbenng Formatted: Underline Deleted: the Deleted: ~or ~: at the Site DeJetmd: ). Deleted: _