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facility in Waterford, Ireland, to be located in the Waterford
industrial estate in which B&L Ireland's contact lens facility
was located. The IDA draft proposal was prepared in the format
set forth in the IDA's "Guide to the Submission of Industrial
Proposals".
On or about October 6, 1982, B&L Ireland and the IDA entered
into an agreement (IDA grant agreement) pursuant to which the IDA
agreed to provide B&L Ireland with (1) capital grants equal to 40
percent of B&L Ireland's (a) annual rent, (b) expenditures for
factory-building modifications, and (c) purchases or leases of
new machinery and equipment and (2) training grants equal to 100
percent of B&L Ireland's training costs. In order to receive the
capital grants under the IDA agreement, B&L Ireland was required
to follow certain procedures, including filing an auditor's
certificate to verify its actual capital expenditures. It
received capital and training grants from the IDA by submitting
the required documented claims for such grants.
Contemporaneous with the IDA grant agreement, B&L Ireland
and the IDA entered into a lease and option agreement (unit 107
lease and option agreement) pursuant to which B&L Ireland leased
and was granted an option to purchase from the IDA unit 107 in
the Waterford industrial estate that had an approximate size of
6,700 square feet. At the same time, but in a separate agree-
ment, the IDA also agreed to grant a rent subsidy to B&L Ireland
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