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11237553v3 <br /> <br /> <br /> 8 <br /> <br />the information required in Minnesota Statutes, Section 116J.994, Subdivision 7 on forms <br />developed by the Minnesota Department of Employment and Economic Development, and (iii) <br />send completed reports to the City. The Developer agrees to file these reports no later than <br />March 1 of each year commencing March 1, 2021, and within 30 da ys after the deadline for <br />meeting the Goals. The City agrees that if it does not receive the reports, it will mail the <br />Developer a warning within one week of the required filing date. If within 14 days of the post <br />marked date of the warning the reports are not made, the Developer agrees to pay to the City a <br />penalty of $100 for each subsequent day until the report is filed up to a maximum of $1,000. <br />(4) The Developer agrees to continue operations within the City for at least five (5) <br />years after the Benefit Date. <br />(5) There are no other state or local government agencies providing financial <br />assistance for the Project other than the City and the State of Minnesota, acting through the <br />Department of Employment and Economic Development, Economic Development Division, <br />pursuant to that certain Minnesota Job Creation Fund Program Business Subsidy Agreement, as <br />Award Number MJCF-18-0027-H-FY19. <br />(6) Bix Holdings, LLC is the parent corporation of the Developer. <br />(7) The Developer certifies that it and the Tenant do not appear on the Minnesota <br />Department of Employment and Economic Development's list of recipients that have failed to <br />meet the terms of a business subsidy agreement. <br />