HomeMy WebLinkAbout03-043QUA_IFIED TARGET INDUSTRY
TAX REFUND PROGRAM
RESOLUTION 03-043
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS, ST.
FLORIDA FINDING
AEROSP~,CE, LLC, BE
QUALIFIED APPLICANT
S.288.106, FLORIDA
LUCIE COUNTY,
THAT LANSHE
APPROVED AS A
PURSUANT TO
STATUTES; AND
PROVIDING AN APPROPRIATION OF FIFTY-SlX
THOUSAND AND 0/100 ($56,000) DOLLARS AS
LOCAL PARTICIPATION IN THE QUALIFIED
TARGET NDUSTRY TAX REFUND PROGRAM.
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS, ST. LUCIE
COUNTY, FLORIDA, as follows:
WHEREAS, the business under consideration is an aircraft manufacturer, specifically,
LanShe Aerospace, LLC; and
WHEREAS, LanShe Aerospace, LLC is located 3100 Airmans Drive, Fort Pieme, FL
34946; and
WHEREAS, LanShe Aerospace, LLC is relocating its aircraft manufacturing plant to St.
Lucie County, and will employ 70 new jobs; and
WHEREAS, the jobs provided by LanShe Aerospace, LLC have an average salary that
is 150% of the average county wage; and
WHEREAS, St. Lucie County will conduct a public hearing for the purpose of
considering adoption of an ordinance identifying certain funds as a portion of the
required local participation in the Qualified Targeted Industry Tax Refund Program.
NOW, THEREFORE, ~JE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS, ST. LUCIE COUNTY, FLORIDA that the Board hereby
recommends LanShe Aerospace, LLC be approved as a Qualified Target Industry
Business pursuant to S-2~8.106, Florida Statutes.
Created on 2/24/2003 1:30 PM
BE IT FURTHER RESOLVED that, subject to the adoption of an ordinance granting an
ad valorem tax abatement to LanShe Aerospace, LLC and appropriate certain
additional funds, the necessary commitment of local financial support for the Qualified
Target Industry Business for the Qualified Target Industry Tax Refund Program exists
in the amount of $56,000; that this amount will be available consistent with the
guidelines set forth by the Office of Tourism, Trade and Economic Development and
will 'be paid to the Florida Economic Development Trust Fund with the stipulation that
these funds are intendec to represent the "local participation" required by S-288.106,
Florida Statutes.
This resolution shall take effect immediately upon its adoption.
DULY ADOPTED BY T-IE BOARD OF COUNTY COMMISSIONERS, ST. LUCIE
COUNTY, FLORIDA this 25th day of February, 2003.
'Depbty Clerk
BOARD OF COUNTY COMMISSIONERS
ST. LUCIE COUNTY, FLORIDA
By: ~'~~-----
Chairman
APPRO VED AS FORM A.D
CORRE TNESS.
By: Coun~ney
Created on 2/24/2003 1:30 Pk/