Resolution 2016-117 RESOLUTION NO. 2016 - 1 1 7
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
COLLIER COUNTY, FLORIDA, TO RECOMMEND THAT PROJECT
NIKITA BE APPROVED AS A QUALIFIED APPLICANT PURSUANT TO
SECTION 288.106 AND SECTION 288.108, FLORIDA STATUTES; AND
IDENTIFYING SOURCES OF LOCAL FINANCIAL SUPPORT IN AN
AMOUNT NOT TO EXCEED $560,000.00 AS LOCAL PARTICIPATION
IN THE QUALIFIED TARGET INDUSTRY TAX REFUND PROGRAM
FOR FISCAL YEAR(S)2017-2021.
WHEREAS, the Legislature of the State of Florida has enacted Chapter 94-136, Laws of
Florida, creating Section 288.106, Florida Statutes, and 288.1088, 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 requires 20% local financial participation as tax refunds become
due; and
WHEREAS, the Company identified as Project Nikita will create 560 new qualifying
value-added jobs in five phases in Collier County; and
WHEREAS, the Company identified as Project Nikita, will provide high-wage, value-
added employment to Collier County citizens with average wages of $49,658 or 115% for
Qualified Target Industry; and
WHEREAS, the Board of County Commissioners finds that providing tax refunds and
other tax incentives to Project Nikita is vital to the public purpose of employing Collier County
citizens and ensuring the County's economic vitality; and
WHEREAS, Project Nikita has been identified as a Florida Target Industry Business,
falls within one of the high impact sectors designated under Section 288.108, Florida Statutes,
and therefore is eligible for a $2,000 per job High Impact Bonus under the Qualified Target
Industry Program.
NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF COLLIER COUNTY, FLORIDA that the Board hereby recommends
that Project Nikita be approved as a Qualified Target Industry Business pursuant to Section
288.106, Florida Statutes and eligible for the High Impact Sector Bonus pursuant to Section
288.108. This recommendation is based upon the creation of the specified jobs and is contingent
upon Collier County's review of Project Nikita's final application to be a Qualified Target
Industry Business and confirmation of the information therein.
BE IT FURTHER 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 an amount not to exceed $560,000; 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.
THIS RESOLUTION ADOPTED after motion, second, and majority vote favoring same
this 24th day of May, 2016.
ATTEST: BOARD OF COUNTY COMMISSIONERS
`g= GITT'E. BROCK, Clerk COLLIE r COUNTY, FLORIDA
.�.. A By: - '/� .-4;47.4„..
r stas to Chairman:Peputy Clerk DONNA FIALA, CHAIRMAN
sit 'e only.
Appro ed . to, orm . d legality:
Yui 3 q
..'Elio.�,
Jeffrey K .tzkow
County +!to', ey
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