HomeMy WebLinkAbout18-133O
RESOLUTION 18-133
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF ST. LUCIE COUNTY APPROVING CERTAIN INCENTIVES ON
BEHALF OF OCULUS OPTIKGERATE GMBH
WHEREAS, the Board of County Commissioners of St. Lucie County, Florida, has made the
following determinations:
1. Oculus Optikegerate GmgH ("Oculus") is a global leader in the manufacture and
distribution of ophthalmic instruments, one of St. Lucie County's targeted industries.
2. In addition to a generous benefits package, Oculus' average earnings per worker is well
above the average earnings for St. Lucie County.
3. Oculus has identified vacant land for potential construction of a new manufacturing
facility in the City of Port St. Lucie.
4. The project will include approximately 50,000 square feet of new manufacturing,
warehouse/distribution and office space and the creation of 50 new jobs.
5. St. Lucie County is offering a collaborative incentive package to Oculus 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 development of Oculus Optikgerate GmbH's new 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 with Oculus and/or its subsidiaries or successors for the creation
of 50 new jobs pursuant to the Job Growth Investment Grant guidelines. The twenty percent
(20%) 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 as 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 Oculus and/or its subsidiaries or
successors 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 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:
JOSEPH E. SMITH, CLERK OF THE CIRCUIT COURT
SAINT LUCIE COUNTY
FILE # 4514363 12/27/2018 12:59:26 PM
DR BOOK 4216 PAGE 2392 - 2393 Doc Type: RESO
RECORDING: $18.50
Commissioner Frannie Hutchinson, Chair AYE
Commissioner Linda Bartz, Vice Chair AYE
Commissioner Chris Dzadovsky AYE
Commissioner Anthony Bonna AYE
Commissioner Cathy Townsend AYE
PASSED AND DULY ADOPTED this 24th of July 2018.
BOARD OF COUNTY COMMISSIONERS
ATTEST: ST. LUCIE COUNTY, FL .RPDA
7gt-B'
1., 1 -
Deputy C r Chair
E
APPROVED,AS TO FORM AND
CORRECTNE S•
BY:
County Attor ey