HomeMy WebLinkAbout20-288 RESOLUTION NO. 20-288
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF ST. LUCIE COUNTY APPROVING
CERTAIN INCENTIVES ON BEHALF OF PROJECT DENNY
WHEREAS, the Board of County Commissioners of St. Lucie County, Florida, has made the
following determinations:
1. Project Denny is a regional sortation center and a St. Lucie County targeted industry.
2. In addition to a generous benefits package, Project Denny's average earnings per worker of
twenty-three and 56/100 dollars($23.56) is well above the average earnings for St. Lucie County.
3. Project Denny has identified vacant land for potential construction of a new regional sortation
center in the City of Port St. Lucie to be completed in mid to late 2021.
4. The project will include 245,000 square feet of new space and the creation of 40 new f u l(-
time jobs
5. The project will include a capital investment of approximately $44 million in real property and
tangible personal property.
6. St. Lucie County is offering a collaborative incentive package to Project Denny 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 Project Denny's new regional sortation center,the following incentives
are offered:
A. St. Lucie County Ad-Valorem Tax Exemption on New Real Property and Tangible Personal
Property:The Board authorizes County staff to assist Project Denny 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%, and 20%) for consideration by the Board in accordance with
Section 42-46, St. Lucie County Code of Ordinances and Compiled Laws.
B. This resolution shall take effect upon adoption.
After motion and second, the vote on this resolution was as follows:
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Commissioner Chris Dzadovsky, Chair AYE
Commissioner Sean Mitchell, Vice Chair AYE
Commissioner Linda Bartz AYE
Commissioner Frannie Hutchinson AYE
Commissioner Cathy Townsend AYE
PASSED AND DULY ADOPTED this 15th day of December 2020.
ATTEST: BOARD OF COUNTY COMMISSIONERS
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ST. LUCIE UN FLO
BY: ��
Deputy Clerk Chai
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