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45 <br /> The subsidy agreement, as stated above, must include wage and job goals that state the <br /> . number of jobs created and may include separate goals for the number of full-time and part- <br /> time jobs or where job loss is imminent and demonstrable, goals for the number of jobs <br /> retained; and wage goals for jobs created and retained. These goals must be attained within 2 <br /> years of receiving the subsidy. <br /> Public Notice and Hearing for Requests that Exceed $100,000. <br /> Public notice for requests that exceed $100,000 must be published in the local newspaper "of <br /> general circulation". The notice must identify the location of where information about the <br /> business subsidy request and a copy of the subsidy agreement is available. The published <br /> notice "must be sufficiently conspicuous in size and placement to distinguish the <br /> notice from the surrounding text." The City is also required to make the information <br /> available in printed paper copies and if possible, on the InterNet. <br /> Recipient Reports to Grantors. The City, as grantor, is required to monitor the progress of <br /> the recipient in achieving agreement goals through information that is required to be <br /> submitted by the recipient for 2 years or until their goals are met,whichever is longer. The <br /> law requires that the recipient must continue to report back to the City even if the goals are <br /> not met and until the subsidy is repaid. <br /> . The report must be in the form as developed with the Commissioner of Trade and Economic <br /> Development and City representatives and must include the following information: <br /> a. The type, public purpose and amount of subsidies. If the subsidy is TIF, then <br /> the type of district must be included. <br /> b. The hourly wage of each job created, with separate bands of wages. <br /> C. The sum of the hourly wages and cost of health insurance provided by the <br /> employer,with separate bands of wages. <br /> d. Date the job and wage goals will be reached. Must be within 2 years of receiving <br /> the business subsidy award from the City. <br /> e. A statement of goals identified in the subsidy agreement and an update on the <br /> achievement of those goals. <br /> f. The location of the recipient prior to receiving the business subsidy. <br /> g. Why the recipient did not complete the project outlined in the subsidy <br /> agreement at their previous location, if the recipient was previously located at <br /> another site in Minnesota. <br /> h. The name and address of the parent corporation of the recipient, if any. <br /> i. A list of all financial assistance by all grantors for the project. <br /> j. Other information as required or requested by the commissioner. <br /> The recipient must file this report with the Commissioner and the City no later than March 1 <br /> • of each year for the previous year and within 30 days after the deadline for meeting job and <br /> wage goals. Copies of completed forms must be sent to the commissioner's office and <br /> the City. If the City does not receive the recipient's report, the City must mail a warning to <br />