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Resolution 2013-219 RESOLUTION NO. 2013- 21 9 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COU.NTY, FLORIDA, RECOMMENDING THAT COLLIER COUNTY OFFICE OF BUSINESS & ECONOMIC DEVELOPMENT PROSPECT #13-011, A CONFIDENTIAL PROJECT PURSUANT TO SECTION 288.075, FLORIDA STA'IUTES, BE APPROVED AS A QUALIFIED TARGET INDUSTRY .BUSINESS PURSUANT TO SECTION 288.106, FLORIDA STATUTES; AND IDENTIFYING SOURCES OF LOCAL FINANCIAL SUPPORT OF S65,000 AS LOCAL PARTICIPATION IN THE QUALIFIED TA.RGET INDUSTRY TAX REFUND PROGRAM FOR FISCAL YEAR(S) 2015-2021. WHEREAS, Collier County Office of Business & Economic Development Prospect .1413- ()11 is a confidential project pursuant to Section 288.075. Florida Statutes, and a Qualified Target industry business as defined in Section 208.106, Honda Statutes; and WHEREAS, the Legislature of the State of Florida has enacted Chapter 94-136, Laws of Florida, creating Section 288.106, Florida Statutes, to encourage the growth of Florida's high- value-added employment; and WHEREAS Section 288.106, Florida Statutes, authorizes the Florida -Department- of Economic Opportunity to accept, review and approve applications for tax refunds to qualified target industry businesses; and WHEREAS. Section 288.106, Florida Statutes, requires 20% local financial participation. as tax refunds become due; and WEIEREAS, the Board of County Commissioners of Collier County, Florida recognizes and acknowledges the importance of expanding the creation of Qualified Targeted Business in Collier County; and WHEREAS. Collier County Office of Business & Economic Development Prospect ;1413- 011 has applied to the State of Florida's Qualified Target Industry Tax Refund Program ("Program"); and WHEREAS, the Company identified as the Collier County Office of Business & Economic Development Prospect #13-Oil, wishes to expand a Collier County operation consisting of 65 new qualifying value-added jobs in three phases; and WHEREAS, the Company identified as the Collier County Office of Business & Economic Development Prospect #13-011 will provide high-wage, value-added employment to 1 . , . Collier County citizens with average wages of at least $45,968 or 115% of the Naples-Marco Island MSA's private sector average wage; and WHEREAS, the Board of County Commissioners finds that providing tax refunds and other tax incentives to the Collier County Office of Business & Economic Development Prospect 413-011 is vital to the public purpose of employing Collier County citizens and ensuring the County's economic vitality. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA that that the Board hereby recommends that the Collier County Office of Business & Economic Development Prospect#13- 011 be approved as a Qualified Target Industry Business pursuant to Section 288.106. Florida Statutes. This recommendation is based upon the creation of the specified jobs and is contingent upon Collier County's review of Collier County Office of Business & Economic Development Prospect #13-011's final application to be a Qualified Target Industries Business and confirmation of the information therein. BE IT Ft JRTIIER RESOLVED that the necessary commitment of local financial support for the Qualified Target Industry Business for the Qualified Target Industry Tax Refund Program has been identified in the amount of $65,000; consisting of 100% of the local contribution coming from Collier County subject to annual appropriations; and will be paid to the Florida Economic Development Trust Fund as tax refunds become due with the stipulation that these funds are intended to represent the local financial support required by Section 288.106, Florida Statutes and are conditional upon the applicant meeting all requirements of the program and Collier County. If the site of the Qualified Target Industry Business changes to or becomes part of a Tax Increment District in a municipality within Collier County. the County will reduce its contribution to 10% of the local match. THIS RESOLUTION ADOPTED after motion, second, and majority vote favoring same this 24th day of September, 2013. ATTEST: BOARD OF COUNTY COMMISSIONERS DWIGI IT E. BROCK, CLERK COLLIER (40LINTY, FTiORIDA I i ' / • ,.- ' AC , B I p,- M. Atest049 'n _,,.,...., , ,ik puty C lerk 61ORGIA A. HILLER. ESQ. CHAIRWOMAN App k!V i 4 to-farrri and legality: it ;IA _ Jeffre:'1 A." latzkow, County Attorney 1