HomeMy WebLinkAbout21-036 RESOLUTION NO. 2021-36
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF ST. LUCIE COUNTY APPROVING CERTAIN INCENTIVES ON
BEHALF OF JANSTEEL USA, INC.
WHEREAS, the Board of County Commissioners of St. Lucie County, Florida, has made the
following determinations:
1. Jansteel USA, Inc. is a manufacturer of transport products for heavy equipment and is a
targeted industry in St. Lucie County.
2. In addition to a generous benefits package, Jansteel's earnings per worker is above the
average earnings for St. Lucie County.
3. Jansteel has identified vacant land for potential construction of a new manufacturing facility
in the City of Port St. Lucie.
4. The project will include approximately 43,000 square feet of new manufacturing,
warehouse and office space and the creation of 55 new jobs.
5. St. Lucie County is offering a collaborative incentive package to Jansteel 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 Jansteel's new 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 Jansteel USA, Inc. for the creation of 55 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 authorizes County staff to assist Jansteel in the application for a 6-
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; 90%
in year 2; 80% in year 3; 60% in year 4; 40% in year 5 and 20% in year 6 for consideration
by the Board in accordance with Section 42-46, St. Lucie County Code of Ordinances and
Compiled Laws.
C. St. Lucie County Road Impact Fee Mitigation (IFM): The Board authorizes County staff to
prepare an Impact Fee Mitigation Agreement with Jansteel and/or its subsidiaries or successors
for the creation of fifty-five (55) new jobs pursuant to St. Lucie County's Impact Fee Mitigation
Program guidelines.
D. After motion and second, the vote on this Resolution was as follows:
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After motion and second, the vote on this resolution was as follows:
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 23rd day of February 2021.
ATTEST: BOARD OF COUNTY COMMISSIONERS
ST. LUCIE COUNTY, FLORIDA
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