HomeMy WebLinkAbout20-166 RESOLUTION NO. 20-166
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
ST. LUCIE COUNTY APPROVING CERTAIN INCENTIVES ON BEHALF OF
FORTIFIED PRECAST TECHNOLOGIES LLC.
WHEREAS, the Board of County Commissioners of St. Lucie County, Florida, has made the
following determinations:
1. Fortified Precast Technologies, LLC (the "Company"), is a new automated precast
manufacturing facility and a targeted industry in St. Lucie County.
2. The Company's average earnings per worker is $23.82 per hour and 125% of the
average earnings for St. Lucie County, plus employees receive a generous benefits package.
3. The project will include approximately 100,000 square feet of new manufacturing
space with a capital investment of $17,500,000 by December 31, 2021, and the creation of 155
new jobs by December 31, 2022.
4. In recognition of the Company's desire to locate in the community, St. Lucie County is
offering an economic incentive package to the Company 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 Fortified Precast Technologies LLC's new manufacturing facility, 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 the Company or its successors for the creation of 155 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 the Company's
development of a new 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 the Company or its 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%for the first five years and on a
declining percentage schedule for the remaining 5-year period (90%-80%-60%-$40%-20%) for
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consideration by the Board in accordance with Section 42-46, St. Lucie County Code of Ordinances
and Compiled Laws.
C. Expedited Site Plan Review and Permitting: The Board authorizes County staff to
expedite site plan review and permitting for the Company's proposed project.
D. Road Impact Fee Mitigation:The Board authorizes County staff to assist the Company
or its successors in the application for Road Impact Fee Mitigation pursuant to Section 24-264, St.
Lucie County Code of Ordinances and Compiled Laws.
E. Land Lease and/or Purchase Agreement: The Board authorizes County staff to initiate the
bid waiver process for the lease and/or sale of Lot 4 of the Airport West Commerce Park pursuant to
Section 32-133, St. Lucie County Code of Ordinances and Compiled Laws.
F. This resolution shall take effect on the date of adoption.
After motion and second, the vote on this Resolution is as follows:
Chair Cathy Townsend AYE
Vice Chair Chris Dzadovsky AYE
Commissioner Sean Mitchell AYE
Commissioner Linda Bartz AYE
Commissioner Frannie Hutchinson AYE
PASSED AND DULY ADOPTED this 14th day of January 2020.
ATTEST BOARD OF COUNTY COMMISSIONERS
ST. LUCIE COUNTY, FLORIDA
Angela Riggins BY: Cathy Townsend
Deputy Clerk Chair
County Commissioners Seal is here APPROVED AS TO FORM AND
CORRECTNESS:
Daniel S. McIntyre
County Attorney
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