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equivalent jobs on the Property, and shall cause the wages for the new employees to be no less than $ / /. "1'1 per hour, exclusive of benefits. Notwithstanding anything to the contrary herein, if the wage and job goals described in this Section 10.2 are met by the Compliance Date, those goals are deemed satisfied despite the Developer's continuing obligations under Sections 10.1(f) and 10.4. The Authority may, after a public hearing, extend the Compliance Date by up to one year, provided that nothing in this Section 10.2 will be construed to limit the Authority's legislative discretion regarding this matter. Section 10.3. Remedies. If the Developer fails to meet the goals described in Section 10.1(c), the Developer shall repay the Authority a pro rata share of the amount of the subsidy granted by this Agreement, plus interest on said amount at the implicit price deflator as defined in Minnesota Statutes, Section 275.50, subd. 2, accrued from the date of issuance of the Certificate of Completion to the date of payment. The repayment shall be made by the Developer within one year of written demand by the Authority. The term pro rata share means percentages calculated as follows: (i) if the failure relates to the number of jobs, the jobs required less the jobs created, divided by the jobs required; (ii) if the failure relates to wages, the number of jobs required less the number of jobs that meet the required wages, divided by the number of jobs required; (iii) if the failure relates to maintenance of the manufacturing facility in accordance with Section 10.1(f), 60 less the number of months of operation as a manufacturing facility (where any month in which the facility is in operation for at least 15 days constitutes a month of operation), commencing on the date of the Certificate of Completion ending with the date the facility ceases operation as determined by the Authority, divided by 60; and (iv) if more thanone of clauses (i) through (iii) apply, the sum of the applicable percentages, not to exceed 100%. Nothing in this Section 10.3 shall be construed to limit the Authority's remedies under Article IX hereof. In addition to the remedy described in this Section 10.3 and any other remedy available to the Authority for failure to meet the goals stated in Section 10.1(c), the Developer agrees and understands that its may not a receive a business subsidy from the Authority or any grantor as defined in the Business Subsidy Act for a period of five years from the date of the failure or until the Developer satisfies its repayment obligation under this Section 10.3, whichever occurs first. Section 10.4. Reports. The Developer must submit to the Authority a written report regarding business subsidy goals and results by no later than March 1 of each year, commencing March 1, 2001 and continuing until the later of (i) the date the goals stated Section 10.1(c) are met; (ii) 30 days after expiration of the five-year period described in Section 10.1(f); or (iii) if the goals are not met, the date the subsidy is repaid in accordance with Section 10.3. The report must comply with Section 1167.994, subdivision 7 of the Business Subsidy Act. The Authority will provide information to the Developer regarding the required forms. If the Developer fails to timely file any report required under this Section 10.4, the Authority will mail the Developer a warning within one week after the required filing date. If, after 14 days of the postmarked date of the warning, the RHB-183373v1 16 LN14o-73