HomeMy WebLinkAbout09-183J.
RESOLUTION N0. 09-183
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF ST. LUCIE
CpUNTY RECOMMENDING THAT PROJECT VISIQN BE APPROVED AS A
QUALIFIED TARGET INDUSTRY BUSINESS PURSUANT TO SECTION 288.106,
FLORIDA STATUTES; PROVIDING AN APPROPRIATION OF ONE HUNDRED
AND SIXTY THOUSAND AND 00/100 DOLLARS ($160,000.40) AS LOCAL
PARTICIPATION IN THE QUALIFIED TARGET INDUSTRY TAX REFUND
PROGRAM; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Board of County Commissioners for St. Lucie County, Florida, has made the
following determinations:
l. Project Vision is an optical business, which develops and manufactures scratch resistance
coatings and equipment for eyeglass lenses. In addition, the company develops and manufactures
photocromic coatings that change calors in the sunlight and equipment for those type of ophthalmic lenses.
The company will also manufacture several lens chemistries and chemistry application equipment for
processing and manufacturing of lenses.
2. Project Vision will be located within St. Lucie Caunty.
3. Project Vision will expand its facility to St. Lucie County and will employ two~ hundred
peaple at an average hourly wage of twenty-six and 76/100 dollars ($26.76).
4. Project Vision 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 Project Vision 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 amount of one
hundred and sixty thousand and 00/100 dollars ($16Q,000.00) under the County's Job Growth
Incentive Grant 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 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.
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After motion and second, the vote on this Resolution was as follows:
Commissioner Paula A. Lewis, Chair AYE
Commissioner Charles Grande, Vice Chair AYE
Commissioner poug Coward AYE
Commissioner Chris Craft AYE
Commissioner Chris Dzadovsky AYE
PASSED AND DULY ADOPTED this 16`h day of June, 2009.
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