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a)ExteriorPaint&WoodRepairfor$35,785.00 <br />b)ParkingLotRepairfor$35,000.00 <br />c)Landscapingfor$10,000.00 <br />d)Signagefor$3,330.72 <br />$80,000.00 <br />5)Proofofminimumcapitalinvestmentintheminimumamountof, <br />forthecompletionofworktorepairandupgradetheinteriorandrelated <br />internalinfrastructureoftheBusinessSite,thescopeofworkforwhichis <br />ExhibitA <br />outlinedon,attachedheretoandincorporatedbyreferenceforall <br />purposes; <br />6)SubmissiontoLPDCofanemploymentrosterevidencingthattheRecipient <br />employsTWO(2)fulltimeandTWO(2)part-timeindividualsasemployeesat <br />theBusinessSite.Proofofemployment,forpurposesofthisagreement,shall <br />requiretheRecipienttoproduceeithera)copiesoftheRecipient’s941Report <br />totheInternalRevenueServiceandC3ReporttotheTexasWorkforce <br />Commissionforeachemployee(butwiththesocialsecuritynumberofeach <br />employeeredacted),orb)asignedandnotarizedstatementexecutedbythe <br />owner,oranotherdulyauthorizedrepresentative,ofthecompanyaffirming <br />thatTWO(2)fulltimeandTWO(2)part-timeemployeesareemployedbythe <br />RecipientforpositionspermanentlylocatedatBusinessSite. <br />7)PresentationtotheBoardoftheLPDC,duringaregularlyscheduledBoard <br />meeting,regardingallelementsofthecompletedenhancementgrantprojects. <br />$42,057.86 <br />8)InnocasewillthesumofbemadebytheLPDCifalltherequired <br />itemslistedinArticleIarenotdeliveredtoandreceivedbyLPDCwithinone <br />(1)yearfromthedateonwhichthisagreementisapprovedbytheLaPorte <br />CityCouncil.InthecasethatalltherequireditemslistedinArticleIforthe <br />BusinessSitearepresentedtoLPDConorbeforesaiddeadline,theLPDC <br />shallconveneameetingoftheLPDCBoardofDirectorsforadatenolater <br />thanforty-five(45)days.Uponverificationofthecompletionofallprojects <br />previouslyapprovedbytheLPDCBoardtotheBusinessSite,asreflectedby <br />formalvoteoftheLPDCBoardofDirectorsthattheRecipienthassatisfiedthe <br />$42,057.86 <br />requirementsofthisparagraph,LPDCwillthenremitthesumof <br />totheRecipientwithinaperiodnottoexceedthirty(30)days. <br />ARTICLEII <br />Allfundsreceivedashereinprovidedshallbesolelyforthepurposeofcontributing <br />towardstheRecipient’scostsinmakingeligibleandapprovedimprovementstothe <br />BusinessSite. <br />TheRecipientfurtheracknowledgesthattheincentivegrantprovidedforhereinistiedto <br />aprojectoftheLPDCforthepromotionordevelopmentofneworexpandedbusiness <br />enterprises,asauthorizedbyTexasLocalGovernmentCodechapters501and505. <br />3 <br /> <br />