HomeMy WebLinkAbout17-279RESOLUTION 17-279
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF ST. LUCIE COUNTY APPROVING CERTAIN INCENTIVES ON
BEHALF OF S2 YACHTS, INC., D/B/A PURSUIT BOATS
WHEREAS, the Board of County Commissioners of St. Lucie County, Florida, has made the
following determinations:
1. S2 Yachts, Inc., d/b/a Pursuit Boats, as one of St. Lucie County's Targeted Industries,
has been an economic driver and leader in the boat manufacturing industry in St. Lucie County for
over 10 years and employs 356 production, skilled trade, professional and management level
executives.
2. S2 Yacht's average earnings per worker is well above the average earnings for St.
Lucie County plus employees receive a generous benefits package.
3. S2 Yachts 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 boat manufacturing industry.
4. S2 Yachts is expanding its current operations with the construction of a new production
facility in close proximity to its existing facility and employee base.
5. On October 18, 2016, the Board adopted Resolution No. 2016-178 which approved a
Major Adjustment to a Major Site Plan to permit a 17,200 square foot expansion to the boat
manufacturing facility consisting of a 13,000 sq. ft. mill shop and 4,200 sq. ft. warranty service office.
6. In conjunction with its planned expansion and growth, S2 Yachts has worked with both
County staff and the St. Lucie Economic Development Council to not only enable it to retain 326
existing jobs but create 30 new jobs.
7. In recognition of S2 Yachts' desire to expand locally, St. Lucie County is offering an
economic incentive package to S2 Yachts 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 S2 Yacht's manufacturing facilities, the following incentive is offered:
A. St. Lucie County Job Growth Incentive Grant (JGIG) — On November 21, 2017, the Board
approved a JGIG agreement for the creation of 30 new jobs pursuant to the Job Growth
Investment Grant guidelines.
B. St. Lucie County Ad -Valorem Tax Exemption on New Real Property and Tangible Personal
Property: The Board hereby makes a preliminary finding that the nature of S2 Yachts
expansion of its existing manufacturing facility meets the requirements for an Economic
Development Ad Valorem Tax Exemption as set forth in Section 196.1995, Florida Statutes,
and Section 42-28, St. Lucie County Code of Ordinances, subject to submission and review of
an Economic Development Ad Valorem Tax Exemption application and adoption of an
ordinance granting such exemption. The Board authorizes County staff to assist S2 Yachts in
the application for a six year ad valorem tax exemption as described in the County's Economic
Development Ad Valorem Tax Exemptions program. The exemption would be valued on a
declining percentage schedule for the six year period (100%, 90%, 80%, 60%. 40%, and 20%)
for consideration by the Board in accordance with Section 42-46, St. Lucie County Code of
Ordinances and Compiled Laws.
C. This resolution shall take effect retroactively on July 20, 2017.
D. After motion and second, the vote on this Resolution was as follows:
Commissioner Frannie Hutchinson, Chair AYE
Commissioner Tod Mowery, Vice Chair AYE
Commissioner Chris Dzadovsky AYE
Commissioner Linda Bartz AYE
Commissioner Cathy Townsend AYE
PASSED AND DULY ADOPTED this 19th of December 2017.
BOARD OF COUNTY COMMISSIONERS
ATTEST: ST. LUCIE COUNTY, FLORIDA
BY:
Y&C(
Deputy ,,' , C c Chair
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APPROVF,D�AS TO FORM AND
CORRI:CTNE S:
BY:
County Attor�ey