HomeMy WebLinkAbout19-011RESOLUTION 19-011
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF ST.
LUCIE COUNTY APPROVING CERTAIN INCENTIVES ON BEHALF OF
AMERICAN CONCRETE INDUSTRIES, INC.
WHEREAS, the Board of County Commissioners of St. Lucie County, Florida, has made the
following determinations
1. American Concrete Industries, Inc. is a leader in the manufacturing of precast sanitary
and drainage products.
2. American Concrete Industries, Inc.'s average earnings per worker is above the average
earnings for St. Lucie County.
3. American Concrete Industries, Inc. is expanding operations at their existing Fort Pierce
facility.
4. The project will include approximately 15,000 square feet of new manufacturing,
warehouse/distribution and office space and the creation of 15 new jobs.
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 American Concrete Industries Inc.'s facility expansion 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 American Concrete Industries, Inc. and/or its subsidiaries or
successors for the creation of 15 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 American Concrete
Industries, Inc.'s 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 American
Concrete Industries, Inc. and/or its subsidiaries or successors in the application for a 4 -year ad
valorem tax exemption as described in the County's Economic Development Ad Valorem Tax
Exemptions program. The exemption is valued at 100% for the first year and for the last three
years on a declining percentage schedule for the remaining period (75%, 50%, 25%) for
consideration by the Board in accordance with Section 42-46, St. Lucie County Code of
Ordinances and Compiled Laws.
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C. After motion and second, the vote on this Resolution was as follows:
Commissioner Linda Bartz, Chair AYE
Commissioner Cathy Townsend, Vice Chair AYE
Commissioner Chris Dzadovsky AYE
Commissioner Sean Mitchell AYE
Commissioner Frannie Hutchinson AYE
PASSED AND DULY ADOPTED this 22 day of January, 2019.
ATTEST:
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BOARD OF COUNTY COMMISSIONERS
ST. LUCIE COUNTY, FLORIDA
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CHAIR
APPROVED -AS TO FORM AND CORRECTNESS:
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COUNTY AT RNEY