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Title:
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RESO Apv & Auth the Execution of an Economic Dev Agrmt btwn the City & Paysafe Payment Processing Solutions LLC, to Support the Relocation of the Company’s National Headquarters to the City; Auth a Headquarters Relocation Grant in the Max Amt of $1,500,000 (HQ Relocation Grant) Payable in 5 Equal, Annual Disbursements Following the Purchase or Lease of the Proj Parcel by the Company; Auth a Headquarters Retention Grant in the Max Amt of $5,000,000 (HQ Retention Grant) Payable in 10 Equal, Annual Installments Beginning the FY Immediately Following the 5th & Final Disbursement of the HQ Relocation Grant; Auth an Employment Creation Grant (“EC Grant”) in the Max Amt of $3,600,000, Calculated in the Amt of $6,000 Per New Job, Capped at 600 New Jobs, Payable in 25% Increments Over a 4-Yr Period; Apv & Auth the Execution of Docs by the Mayor, or His Designee, & Corp Sec; Auth Appvl of Tech Amends by the Executive Dir of the OED; Prov for Oversight by the OED; Prov a Deadline for the Company ...
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