HomeMy WebLinkAbout17-242RESOLUTION NO. 17-242
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF ST. LUCIE COUNTY APPROVING CERTAIN INCENTIVES ON
BEHALF OF CITY ELECTRIC SUPPLY
WHEREAS, the Board of County Commissioners of St. Lucie County, Florida, has made the
following determinations:
1. City Electric Supply, as one of St. Lucie County's Targeted Industries, has been an
economic driver and leader in the electrical supply industry in St. Lucie County for over 30 years and
employs over 220 production, skilled trade, professional and management level executives.
2. City Electric Supply's average earnings per worker is well above the average earnings
for St. Lucie County plus employees receive a generous benefits package.
3. City Electric Supply possesses a strong corporate culture of continual in-house skill
building, cross -training and advanced career opportunities and has become a desired employer in the
region, and one of the most respected companies in the electrical supply industry.
4. City Electric Supply has identified vacant land for potential expansion in Tradition
Commerce Park which is in close proximity to its existing facility and employee base.
5. This expansion would include approximately 400,000 square feet of new
manufacturing, warehouse/distribution and office space with the retention of 222 jobs and the creation
of 50 new jobs.
6. City Electric Supply desires to expand locally and continue its longstanding tradition in
the City of Port St. Lucie and St. Lucie County.
7. St. Lucie County is offering a collaborative incentive package to City Electric Supply in
partnership with the City of Port St. Lucie for the benefit of the residents of St. Lucie County.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of St. Lucie
County, Florida, that in consideration of the benefits gained by the residents of St. Lucie County
through the expansion of Project Bourbon's manufacturing facilities, the following incentives are
offered:
A. St. Lucie County Job Growth Incentive Grant (JGIG) — The Board authorizes County staff to
prepare a JGIG agreement for the creation of 50 new jobs pursuant to the Job Growth
Investment Grant guidelines. The local financial match requirement for the State of Florida's
Qualified Target Industry Tax Refund will come from the JGIG program. Any residual JGIG
funds the company is eligible to receive will be provided and authorized by the Board.
B. St. Lucie County Ad -Valorem Tax Exemption on New Real Property and Tangible Personal
Property: The Board authorizes County staff to assist CITY ELECTRIC SUPPLY in the
application for a 10 -year ad valorem tax exemption as described in the County's Economic
Development Ad Valorem Tax Exemptions program. The exemption is valued at a 100% each
year for the first five years and for the last five years on a declining percentage schedule for
the remaining period (90%-80%-60%-$40%-20%) for consideration by the Board in
accordance with Section 42-46, St. Lucie County Code of Ordinances and Compiled Laws.
C. After motion and second, the vote on this Resolution was as follows:
Commissioner Chris Dzadovsky, Chairman AYE
Commissioner Tod Mowery, Vice Chairman AYE
Commissioner Linda Bartz AYE
Commissioner Frannie Hutchinson AYE
Commissioner Cathy Townsend AYE
PASSED AND DULY ADOPTED this 17th of October 2017.
ATTEST:
i
Deputy Clerk
2
BOARD OF COUNTY COMMISSIONERS
ST. LUCIE COUNT
BY:
Chai man
APPROVED AS TO FORM AND
CORRECTNESS:
BY: �F
.} County Attorney