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OR require a percent of health insurance to be paid by employer, while <br /> decreasing the wage requirement below 175% of federal minimum wage. <br /> 8. Section II, Part C, 3: JOBZ job goal is to create 3-5, FTE jobs. It is not <br /> recommended that the Council require any of these jobs to be held by City <br /> residents. <br /> 9. Section II, Part C, 4: JOBZ Wage Goal is to create FTE jobs that pay at least <br /> 175% of the federal minimum wage. Two options were suggested for <br /> inclusion of health insurance clause: Eliminate health insurance requirement <br /> OR require a percent of health insurance to be paid by employer, while <br /> decreasing the wage requirement below 175% of federal minimum wage. <br /> 10. Section II, Part D, 1-3: Keep all of the requirements as listed. <br /> 11. Section II, Part E, 2: "All Business Subsidy Recipients must agree to <br /> continue operation within the City for at least 5 years." <br /> The JOBZ subcommittee wishes to discuss the above changes and obtain City <br /> Council input prior to finalizing the Business Subsidy Policy. We look forward to <br /> working with you as you change and adopt this policy to meet the needs of the <br /> City of Pequot Lakes. <br />