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(a) The Director of Economic Development of the Hardin County Chamber & Business Alliance shall annually review the performance of each employer to whom a grant of Job Creation Incentive Program assistance has been awarded to determine the grantee's entitlement to payment under the standards of Sections 162.10 during the next following calendar year. The annual review shall be conducted during the month of August and the Executive Director shall report the findings to the Special Projects Committee on or before August 31 of each year.
(b) On or before September 30 of each year, the Special Projects Committee shall convene in public meeting to review the Director of Economic Development of the Hardin County Chamber & Business Alliance's findings with respect to grantees' entitlement to receive payment during the next following year. Each grantee shall be afforded an opportunity to be heard regarding the grantee's entitlement to payment. The Special Projects Committee shall make a recommendation setting forth its findings as to the entitlement of each grantee to receive payment and the total appropriation required to fund the payments to become due in the next calendar year.
(c) The recommendation of the Special Projects Committee in accordance with division (b) of this Section shall be promptly filed with the Auditor's Office and Clerk of Council of the Village of Forest and shall be voted on by Council at the following meeting of the Village Council. The Director of Economic Development of the Hardin County Chamber & Business Alliance shall report the decision of Village Council on such matter to the grantee/recipient within fifteen (15) days of such decision.
(d) If approved by Village Council as provided in division (c) hereof, the annual appropriations Ordinance adopted for the next following year shall include an appropriation of funds for use by the grantee/award recipient in an amount sufficient to pay all Job Creation Incentive Program assistance determined to be payable. Council may employ funds drawn from any legally available source of revenue to support the appropriation.
(e) The Auditor's Office shall disburse all moneys appropriated in accordance with division (d) of this Section to the grantee/award recipient no later than June 30 of the calendar year for which the appropriation is made. No additional legislative action shall be required to authorize the expenditure. (Ord. 1900. Passed 8-11-16.)