HomeMy WebLinkAbout01-013QUALIFIED TARGET INDUSTRY
TAX REFUND PROGRAM
RESOLUTION 01-013
A RESOLUTION BY THE BOARD OF COUNTY
COMMISSIONERS OF ST. LUCIE COUNTY, FLORIDA
RECOMMENDING THAT ENTERPRISE FLORIDA
PROJECT NUMBER 01-00106 BE APPROVED AS A
QUALIFIED APPLICANT PURSUANT TO SECTION
288,106, FLORIDA STATUTES; PROVIDING AN
APPROPRIATION OF $100,000.00 AS LOCAL
PARTICIPATION IN THE QUALIFIED TARGET INDUSTRY
TAX REFUND PROGRAM FOR FISCAL YEAR(S) 2002
through 2011; PROVIDING FOR AN EFFECTIVE DATE
AND TRANSMI'i i AL.
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF ST.
LUCIE COUNTY, FLORIDA as follows:
WHEREAS, the business under consideration is an amphibious aircraft
manufacturer; and
WHEREAS, Project No. 01-00106 has determined to locate an operation
center in St. Lucie County at the St. Lucie County International Airport.
WHEREAS, Project No. 01-00106, aircraft manufacturer has determined to
relocate its operations from Illinois, to St. Lucie County and create 50 jobs and make a capital
investment of $3.0 million in St. Lucie County.
WHEREAS, the aircraft manufacturer's relocation will play an important part in
the development of the St. Lucie County International Airport in FOrt Pierce, Florida and will
assist in alleviating the high unemployment rate in the County; and
WHEREAS, the St. Lucie County Board of County Commissioners has issued a
letter of intent committing to granting Project No. 01-00106, a Job Growth Investment Grant of
up to $100,000.00 based on $2000.00 per job for fifty new jobs created
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF ST. LUClE COUNTY FLORIDA that: (1) the Board hereby recommends
that Project No. 01-00106, be approved as a Qualified Target Industry Business pursuant to
SECTION 288.106, Florida Statutes; and
~ (2) The necessary commitment of local financial support for the Qualified Target industry
Business for the Qualified Target Industry Tax Refund Program exists in the form of the Job
Created on 3/9/2001 10:36 AM
Growth Incentive Grant funds in the amount of $100,000.00; (3) that $70,000 will be available
in the following increments, $17,500.00 per year for fiscal years 2002 through 2005 and will be
paid directly to Project No. 01-00106 upon proof of meeting the grant requirements by evidence
of job creation; and $30,000 represents the "local participation" required by SECTION 288.106,
Florida Statutes and will be paid to the State of Florida Economic Development Trust Fund to be
used as the 20% local match required.
This resolution shall take effect immediately upon its adoption.
The County Administration is directed to forward a copy of this resolution to Enterprise Florida,
Inc., and Project No. 01-00106.
DULY ADOPTED BY THE GOVERNING BOARD OF THE ST. LUCIE COUNTY
BOARD OF COUNTY COMMISSIONERS, ST. LUCIE COUNTY, FLORIDA this 27th day of
March, 2001.
After motion and second, the vote on this resolution was as follows:
Chairman Frannie Hutchinson
Aye
Vice-Chairman Doug Coward
Aye
Commissioner Paula A. Lewis
Aye
Commissioner John D. Bruhn
Aye
Commissioner Cliff Barnes
Aye
PASSED AND DULY ADOPTED This 27th day of March 2001,
BOARD OF COUNTY COMP
ST. LUCIE COUNTY, FLOF
APPROVED AS TO FOIRM ' ':
AND CORRECTNESS: ....
Deputy
County Attorney
Created on 3/9/2001 10:36 AM