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economic development task of the grant and the economic <br /> development goals and objectives of the City of Batesville . <br /> All such quarterly reports filed shall be furnished to the <br /> City Council for their review. Each quarterly report shall be <br /> filed with the Mayor of the City of Batesville no later than the <br /> close of business on the Monday preceding the first regular <br /> meeting of the City Council in the month following the close of <br /> that particular calender quarter . The final quarterly report , or <br /> annual report shall be filed with the office of the Mayor within <br /> thirty (30) days after the end of the calender year . <br /> The City Council may request the attendance of a <br /> representative of the organization to explain or elaborate on the <br /> quarterly reports and annual report filed under this ordinance . <br /> ® 6 . NON COMPLIANCE . If any applicant or organization <br /> awarded a grant under this ordinance fails or refuses to comply <br /> with the terms and conditions of this ordinance and the <br /> conditions , if there be such, of a particular grant , then that <br /> organization may not receive any future disbursements under a <br /> particular grant already awarded , and may lose the right to <br /> receive future Economic Development Grants . <br /> 7 . EMERGENCY CLAUSE. It is hereby found and determined by <br /> the City of Batesville that economic development efforts are <br /> essential to the welfare of the citizens of Batesville , that <br /> there are current pressing economical development needs within <br /> the City of Batesville and an immediate need to develop jobs for <br /> the citizens of Batesville . An emergency is hereby declared to <br />