HomeMy WebLinkAbout22-042 •
RESOLUTION 2022-042
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF ST. LUCIE COUNTY APPROVING CERTAIN INCENTIVES ON
• BEHALF OF PROJECT BEN
WHEREAS, the Board of County Commissioners of St. Lucie County, Florida, has made the
following determinations:
1. Project Ben is a boat manufacturer and is a targeted industry in St. Lucie County.
2. In addition to a generous benefits package, Project Ben's wage per worker is above the
average wage for St. Lucie County.
3. Project Ben has identified vacant land for potential construction of a new manufacturing
facility in unincorporated St.Lucie County.
4. The project will include approximately 100,000 square feet of a new manufacturing facility,
with a capital investment of $10 million dollars in real property, $1 million dollars in Tangible
Personal Property and the creation of 170 new jobs.
5. St. Lucie County is offering a collaborative incentive package to Project Ben 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 Ben'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 Ben for the creation of 170 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 Ben in the application for a 8
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; 70% in year 4; 60% in year 5; 50% in year 6; 40% in year 7 and
20% in year8 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 Project Ben and/or its subsidiaries or
successors for the creation of one-hundred seventy (170) new jobs pursuant to St. Lucie
County's Impact Fee Mitigation Program guidelines.
6.
A. After motion and second, the vote on this Resolution was as follows:
1
Commissioner Sean Mitchell, Chair
AYE
Commissioner Frannie Hutchinson, Vice Chair
AYE
Commissioner Linda Bartz
AYE
Commissioner Chris Dzadovsky
AYE
Commissioner Cathy Townsend
AYE
PASSED AND DULY ADOPTED this 15th of March 2022.
ATTEST:
DEPUTY CLERJ�<Y COMM�s
*e GO
C10
C°VarX FL���°r
BOARD OF COUNTY COMMISSIONERS
ST. LUCIE COUNTY, FLORIDA
CHAIR
APPROVED AS TO LEGAL FORM AND
CORRECTNESS: I n
COUNTY ATT
p"