HomeMy WebLinkAbout18-183JOSEPH E. SMITH, CLERK OF THE CIRCUIT COURT
SAINT LUCIE COUNTY
FILE # 4514362 12/27/2018 12:54:24 PM
DR BOOK 4216 PAGE 2390 - 2391 Doc Type: RESO
RECORDING: $18.50
RESOLUTION 18-183
A RESOLUTION BY THE BOARD OF COUNTY COMMISSIONERS
OF ST. LUCIE COUNTY, FLORIDA, RECOMMENDING OCULUS
SURGICAL, INC. BE APPROVED AS A QUALIFIED TARGET
INDUSTRY BUSINESS PURSUANT TO SECTION 288.106, FLORIDA
STATUTES; AFFIRMING THIS IS A MANUFACTURING PROJECT;
PROVIDING FOR LOCAL FINANCIAL SUPPORT IN THE FORM OF
CASH; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, Oculus Surgical, Inc. is an ophthalmic equipment manufacturing business located
in St. Lucie County; and,
WHEREAS, Oculus Surgical, Inc. is seeking to expand operations with a new facility at
Tradition Center for Commerce in Port St. Lucie. This facility will encompass 50,000 square feetof space
and employ an additional 50 new employees at an average annual wage of at least $42,328. The
company's expansion will increase its existing contributions to the community with additional direct
and indirect effects to our small businesses; additional ad valorem taxes to the County; and job creation
for County residents; and,
WHEREAS, Oculus Surgical, Inc. plans to expand operations with a new facility, and the creation
of 50 new jobs (Year 1:20, Year 2:20, Year 3:10) in St. Lucie County; and,
WHEREAS, Oculus Surgical, Inc. has been identified as a Target Industry Business; and,
WHEREAS, Oculus Surgical, Inc. intends to locate in a facility at Tradition Center for Commerce
in Port St. Lucie; and,
WHEREAS, Oculus Surgical, Inc. will commit to pay an average annual wage of at least $42,328
which is 115%ofthe St. Lucie County average wage; and,
WHEREAS, Oculus Surgical, Inc. hereby acknowledges that local financial support of20%
of the total tax refund is required under the provisions of Section.288.106, Florida Statutes,
governingthe State's Qualified Target IndustryTax 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 Oculus Surgical, Inc. be approved as a Qualified Target
Industry Business pursuant to Section 288.106, Florida Statutes. 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 5.1% with a high
percentage of entry level talent for this industry.
B. A cash commitment of local financial support for the Qualified Target Industry Tax Refund
Program exists for Oculus Surgical, Inc. in the amount of $50,000.00. This amount will be
made available in accordance with the guidelines set forth bythe Department of Economic
Opportunity with the stipulation that these funds are intended to represent local financial
support pursuant to Section 288.106, Florida Statutes.
C. This resolution shall take effect immediately upon its adoption.
After motion and second, the vote on the resolution was as follows:
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 16th of October 2018.
BOARD OF COUNTY COMMISSIONERS
ATTEST: ST. LUCIE CCUNTY, FLORIDA
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Y: -
Deputy Clerk Chair
0
APPROVED AS TO FORM
CORRECTNESS: ► . n.
BY:
County Atto