HomeMy WebLinkAbout23-034RESOLUTION NO. 2023-034
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF ST. LUCIE COUNTY APPROVING CERTAIN INCENTIVES ON
BEHALF OF LACTALOGICS, INC.
WHEREAS, the Board of County Commissioners of St. Lucie County, Florida, has made the
following determinations:
1. Lactalogics, Inc. is an affordable, high -volume manufacturer of human -milk fortifiers and
donor milk, improving food safety and security right here in Florida for the nation., which is a
targeted industry in St. Lucie County.
2. In addition to a generous benefits package Lactalogics, Inc. earnings per worker is above the
average earnings for St. Lucie County.
3. Lactalogics, Inc. has identified an existing building for a manufacturing facility in Port St.
Lucie.
4. The project will include approximately 60,000 square feet of an existing manufacturing facility and
the creation of 60 new jobs. The employment schedule consists of 20 new jobs in Year 1, 20 new jobs
in Year 2, and 20 new jobs in Year 3.
5. St. Lucie County is offering an incentive package to Lactalogics, Inc.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 Lactalogics, Inc 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 Lactalogics, Inc for the creation of 60 new jobs pursuant
to the Job Growth Investment Grant guidelines.
B. St. Lucie County Ad -Valorem Tax Exemption on Tangible Personal Property. The Board
authorizes County staff to assist Lactalogics, Inc. 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%-20%) for 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 Fast Track Permitting: As a targeted industry in St. Lucie
County, the company qualifies for Expedited Site Plan Review and Fast Track Permitting. The
company will receive Expedited Site Plan review through the Development Review Process
and will receive expedited permitting upon building commencement and throughout the
construction process.
D. After motion and second, the vote on this Resolution was as follows:
After motion and second, the vote on this resolution was as follows:
Commissioner Cathy Townsend, Chair
AYE
Commissioner Linda Bartz, Vice Chair
AYE
Commissioner Jamie Fowler
AYE
Commissioner Chris Dzadovsky
AYE
Commissioner Larry Leet
AYE
PASSED AND DULY ADOPTED this 4th day of April, 2023.
ATTEST:
BOARD OF COUNTY COMMISSIONERS
ST. LUCIE COUNTY, FLORIDA
BY: Ci�
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APPROVED AS TO LEGAL FORM AND
CORRECTNESS:
COUNTY A
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