HomeMy WebLinkAbout21-148 RESOLUTION 2021-148
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF ST. LUCIE COUNTY APPROVING CERTAIN INCENTIVES ON
BEHALF OF PROJECT BULLET
WHEREAS, the Board of County Commissioners of St. Lucie County, Florida, has made the
following determinations:
1. Project Bullet is a food service distributor and is a targeted industry in St. Lucie County.
2. In addition to a generous benefits package, Project Bullet's earnings per worker is above
the average earnings for St. Lucie County.
3. Project Bullet has identified vacant land for potential construction of a new distribution
facility in the City of Port St. Lucie.
4. The project will include approximately 427,000 square feet of new distribution space and
the creation of 380 new jobs.
5. St. Lucie County is offering a collaborative incentive package to Project Bullet 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 Bullet'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 Project Bullet for the creation of 380 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 Project Bullet 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; 90% in year 6; 80% in year 7; 60% in year 8; 40°/0 in year 9 and 20% in year 10 for
consideration by the Board in accordance with Section 42-46, St. Lucie County Code of
Ordinances and Compiled Laws.
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
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PASSED AND DULY ADOPTED this 1st day of June, 2021.
ATTEST: BOARD OF COUNTY COMMISSIONERS
ST. LUCIE COUNTY, FLORIDA
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