HomeMy WebLinkAbout26-079 RESOLUTION 2026-79
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF ST.
LUCIE COUNTY, FL REVOKING RESOLUTION 2023-007 AND JOB
GROWTH INVESTMENT GRANT ()GIG) 23-002 WHICH APPROVED
CERTAIN ECONOMIC INCENTIVES ON BEHALF OF PB HOLDCO, LLC.,
AKA PURSUIT BOATS.
WHEREAS, the Board of County Commissioners of St. Lucie County, Florida, has made the
following determinations
1. On January 24, 2023, the Board of County Commissioners (Board) approved Resolution
2023-007, committing to incentivize a new manufacturing facility owned by PB HOLDCO LLC, AKA
Pursuit Boats, consisting of approximately 100,000 square feet.
2. Resolution 2023-007 authorized County staff to prepare a Job Growth Investment Grant
(JGIG) Agreement for the creation of one hundred (100) new jobs associated with the company's new
manufacturing facility.
3. On February 27, 2023, the Board of County Commissioners approved Job Growth
Investment Grant (JGIG) Agreement 23-002, for PB HOLDCO LLC, AKA Pursuit Boats, incentivizing the
creation of one hundred (100) new jobs over a two-year period.
4. On January 27, 2025,JGIG Agreement 23-002 was amended to extend the Year One job
creation date to December 31, 2025.
5. PB HOLDCO LLC, AKA Pursuit Boats, has not met the job creation requirements
established under JGIG Agreement 23-002, as amended.
6. On March 30, 2026, PB HOLDCO LLC, AKA Pursuit Boats, submitted correspondence to
the County, agreeing to terminate the existing agreement with the understanding that the company
will have the opportunity to renegotiate a future economic incentive agreement with the County.
7. The revocation of Resolution 2023-007 and JGIG Agreement 23-002 shall not prevent
PB HOLDCO LLC, AKA Pursuit Boats, from requesting economic incentives from the Board of County
Commissioners in the future.
NOW,THEREFORE, BE IT RESOLVED by the Board of County Commissioners of St. Lucie County,
Florida:
A. Resolution 2023-007 for PB HOLDCO LLC., AKA Pursuit Boats, authorized by the Board of
County Commissioners on January 24, 2023, is hereby revoked.
B. Job Growth Investment Grant (JGIG) Agreement 23-002 for PB HOLDCO LLC, AKA Pursuit Boats,
approved on February 27, 2023, as amended, is hereby revoked in its entirety.
C. The revocation of Resolution 2023-007 and JGIG Agreement 23-002 shall not create any
1
obligation on the part of the County to approve or provide future economic incentives.
D. This Resolution shall take effect on the date of the adoption.
After motion and second,the vote on this Resolution was as follows:
Commissioner, Jamie Fowler, Chair AYE
Commissioner Larry Leet, Vice Chair AYE
Commissioner James Clasby AYE
Commissioner Erin Lowry AYE
Commissioner Cathy Townsend ABSENT
PASSED AND DULY ADOPTED this 5th day of May, 2026.
ATTEST: BOARD OF COUNTY COMMISSIONERS
ST. LUCIE COUNTY, FLORIDA
BY: BY.
DEPUTY CLERK .cJ C 80,D
y CHAIR
0
4.„
APPROVED AS TO FORM AND CORRECTNESS:
•`Gc�F couNc4•*%.
BY:
COUNTY ATTORNEY
2