HomeMy WebLinkAbout24-003RESOLUTION 24-003
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF ST. LUCIE COUNTY APPROVING
CERTAIN INCENTIVES ON BEHALF OF PROJECT
EVEREST
WHEREAS, the Board of County Commissioners of St. Lucie County, Florida, has
made the following determinations:
1. Project EVEREST is a multinational distributor of a wide variety of consumer
products and is a targeted industry in St. Lucie County.
2. In addition to a generous benefits package, Project EVEREST earnings per worker
is above the average earnings for St. Lucie County.
3. Project EVEREST has identified vacant land for potential construction of a logistics
and distribution facility in the City of Port St. Lucie.
4. The project will include approximately 595,000 square feet of new distribution and
logistics facilities with a capital investment of approximately $55,000,000.00 in real property and
approximately $16,000,000.00 in tangible personal property by December 31, 2025.
5. The project will create 265 new jobs upon completion of the facility. The employment
schedule consists of 235 new jobs in Year 1; 15 new jobs in Year 2 and 15 new jobs in Year 3.
6. St. Lucie County is offering a collaborative incentive package to Project EVEREST
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 EVEREST'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 EVEREST for the creation of 265
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 EVEREST
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.
1
C. St. Lucie County Road Impact Fee Mitigation (IFM): The Board authorizes County staff
to prepare an Impact Fee Mitigation Agreement with Project EVEREST and/or its
subsidiaries or successors for the creation of 265 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:
After motion and second, the vote on this resolution was as follows:
Commissioner Cathy Townsend, Chair
AYE
Commissioner Chris Dzadovsky, Vice Chair
AYE
Commissioner Linda Bartz
AYE
Commissioner Jamie Fowler
AYE
Commissioner Larry Leet
AYE
PASSED AND DULY ADOPTED this 9th day of January, 2024.
ATTEST:
DEPUTY C
Z����
t�;z mot
c 0 U
BOARD OF COUNTY COMMISSIONERS
ST. LUCIE COUNTY, FLORIDA
B
APPROVED AS TO LEGAL FORM AND
CORRECTNESS: _
2
COUNTY ATTORNEY