HomeMy WebLinkAbout18-138RESOLUTION NUMBER 18-138
A RESOLUTION OF ST. LUCIE COUNTY, FLORIDA BY THE
BOARD OF COUNTY COMMISSIONERS, AMENDING AND
RESTATING RESOLUTION NO. 17-267, RECOMMENDING
CITY ELECTRIC SUPPLY COMPANY BE APPROVED AS A
QUALIFIED TARGET INDUSTRY BUSINESS PURSUANT TO
SECTION 288.106, FLORIDA STATUTES; AFFIRMING THIS IS
A MANUFACTURING PROJECT; REQUESTING A WAIVER
OF THE AVERAGE WAGE REQUIREMENT OF SECTION
288.106(4)(b)1.a, FLORIDA STATUTES; PROVIDING FOR
LOCAL FINANCIAL SUPPORT IN THE FORM OF CASH; AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, City Electric Supply Company is an electrical manufacturing business located
in St. Lucie County with over thirty (30) years in the industry and an employment base of 210
employees, and
WHEREAS, City Electric Supply Company is seeking to expand its operations with a new
facility to be constructed at the Tradition Commerce Park in Port St. Lucie. This facility will
encompass in excess of 400,000 square feet of space and employ an additional 50 new
employees at an average wage of at least $36,129.00 ($17.37 hourly wage). The company's
expansion will increase its existing contributions to the community with additional direct and
indirect effects to our small businesses; provide additional ad valorem taxes to the County; and
job creation for County residents; and,
WHEREAS, City Electric Supply Company plans to expand operations with a new facility,
retaining 210 jobs and the creation of 50 new jobs in St. Lucie County (year 1:10, Year 2: 8, Year
3:.12, Year 4:10, and Year 5:10); and,
WHEREAS, City Electric Supply Company has been identified as a Target Industry
Business; and,
WHEREAS, City Electric Supply Company intends to locate in a facility at Tradition
Commerce Park in Port St. Lucie; and,
WHEREAS, as a manufacturing project, City Electric Supply Company is eligible to
receive a waiver of the average wage requirement as authorized by Section 288.106(4)(b)1.b,
Florida Statutes; and,
WHEREAS, City Electric Supply Company will commit to pay an average annual wage of
at least $36,129.00 which is 100% of the St. Lucie County average wage; and,
WHEREAS, City Electric Supply Company hereby acknowledges that local financial
support of 20% of the total tax refund is required under the provisions of Section. 288.106, Florida
Statutes, governing the State's Qualified Target Industry Tax Refund Program; and,
WHEREAS, on December 5, 2017, the Board of County Commissioners adopted
Resolution 17-267 which made the above findings with regard to City Electric Supply Company
but with a stated baseline employment of 222 jobs; and,
WHEREAS, based upon recent recalculations, it is necessary to amend the baseline
employment from 222 jobs to 210 jobs and reaffirm the recommendations and commitment made
in Resolution No. 17-267.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of St.
Lucie County, Florida, as follows:
A. The Board hereby recommends City Electric Supply Company be approved as a Qualified
Target Industry Business pursuant to Section 288.106, Florida Statutes.
B. The Board requests a waiver of the average wage requirement of Section
288.106(4)(b)1.a, Florida Statutes, because the manufacturing industry is a major
economic driver in the Treasure Coast region. The economic significance of
manufacturing in the Port St. Lucie MSA is over 6,200 private sector jobs and over 350
firms. The Port St. Lucie MSA currently has an unemployment rate of 4.0%, with a high
percentage of entry level talent for this industry. The waiver will allow City Electric Supply
Company to move forward with the hiring of 50 new employees and provide customized
and proprietary training.
C. A cash commitment of local financial support for the Qualified Target Industry Tax Refund
Program exists for City Electric Supply Company in the amount of $50,000.00. This
amount will be made available in accordance with the guidelines set forth by the
Department of Economic Opportunity with the stipulation that these funds are intended to
represent local financial support pursuant to Section 288.106, Florida Statutes.
D. This resolution shall take effect immediately upon its adoption.
After motion and second, the vote on the resolution was asfollows
Chair Frannie Hutchinson
AYE
Vice Chairman Linda Bartz
AYE
Commissioner Chris Dzadovsky
AYE
Commissioner Anthony Bonna
AYE
Commissioner Cathy Townsend
AYE
PASSED DULY ADOPTED on this 7t" day of August, 2018.
ATTEST: BOARD OF COUNTY COMMISSIONERS
ST. LUCIE COUNTY, FLORIDA
BY—
Depofy 5 IeEK AChir `
APPROVED AS TO FORM AND
--I co s CORRECTNESS
U
M County Attorney
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