191.05 ANNUAL REPORTING.

   Businesses awarded a Program Grant shall file with the Mayor and the Director of Finance proof of the payroll and employment required by the Program Agreement annually no later than the end of the business day of December 15 using forms available from the Mayor's Office. The annual report will be reviewed by the Mayor or Mayor's designee, the Director of Finance and the City's Tax Incentive Review Council. The Tax Incentive Review Council will supply the Mayor with its recommendation regarding the sufficiency of each report filed. The Mayor shall then terminate Program Businesses that failed to meet the requirements of its Program Agreement or failed to file the annual report. Late filing of the annual report will be assessed a late administration fee of $500.00.

(Ord. 47-2015. Passed 5-14-15.)