HomeMy WebLinkAbout08-067
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RESOLUTION NO. 08-067
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
ST. LUCIE COUNTY RECOMMENDING THAT TREASURE COAST
JET COMPLETIONS, L.L.c., BE APPROVED AS A QUALIFIED
TARGET INDUSTRY BUSINESS PURSUANT TO SECTION 288.106,
FLORIDA STATUTES; PROVIDING AN APPROPRIATION IN A
MINIMUM OF TWENTY-ONE THOUSAND AND 00/100 DOLLARS
($21,000.00) AS LOCAL PARTICIPATION IN THE QUALIFIED TARGET
INDUSTRY TAX REFUND PROGRAM FOR A PERIOD OF FIVE (5)
YEARS; AND PROVIDING AN EFFECTIVE DATE
WHEREAS, the Board of County Commissioners for St. Lucie County, Florida, has
made the following determinations:
1. Treasure Coast Jet Completions, L.L.C. is an aeronautical business, which
performs aircraft upholstery and furniture repair and aircraft exterior painting.
2. Treasure Coast Jet Completions, L.L.C. will be located within St. Lucie County.
3. Treasure Coast Jet Completions, L.L.C. will relocate its facility to St. Lucie
County and will employee more than thirty (30) people at an average hourly wage of twenty-
three and 001100 dollars ($23.00).
4. Treasure Coast Jet Completions, L.L.c. would not relocate its facility to St. Lucie
County without the incentive available through the Qualified Target Industry Tax Refund
Program.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
St. Lucie County, Florida as follows:
A. The Board hereby recommends Treasure Coast Jet Completions, L.L.C. be
approved as a Qualified Target Industry Business pursuant to Section 288.106,
Florida Statutes.
B. The necessary commitment of local financial support for the Qualified Target
Industry Business for the Qualified Target Industry Tax Refund Program exists in
the total amount of one hundred twenty-four thousand nine hundred twenty-six
and 001100 dollars ($124,926.00) through a minimum County appropriation of
twenty-one thousand and 001100 dollars ($21,000.00) under the County's ad
valorem tax exemption program. This amount will be available consistent with the
guidelines set forth by the Office of Tourism, Trade and Economic Development
and will be paid to the Florida Economic Development Trust Fund with the
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stipulation that these funds are intended to represent the "local participation"
required under Section 288.106, Florida Statutes.
C. This resolution shall take effect upon adoption.
After motion and second the vote on this resolution was as follows:
Chairman Joseph E. Smith
Vice Chairman Paula A. Lewis
Commissioner Doug Coward
Commissioner Charles Grande
Commissioner Chris Craft
Aye
Aye
Aye
Aye
Aye
PASSED AND DULY ADOPTED this 12th day of February, 2008.
ATTEST:
BOARD OF COUNTY COMMISSIONERS
ST. LUCIE COUNTY, FLORIDA
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APPROVED AS TO LEGAL FORM AND
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