Loading...
Agenda 09/12/2017 Item #16F909/12/2017 EXECUTIVE SUMMARY Recommendation for the termination of the Basic Industry Growth Promotion Incentive Program Agreement between Collier County and Ferris Marketing, Inc., due to Ferris Marketing, Inc. being unable to meet the job requirements of the Agreement at the initial validation meeting. OBJECTIVE: Approval by the Board of County Commissioners (Board) of the termination agreement between Collier County and Ferris Marketing, Inc. for the termination of the Basic Industry Growth Promotion Incentive Program Agreement. Ferris Marketing was unable to meet the job requirements at the first validation meeting and has requested that the agreement be terminated. CONSIDERATIONS: On January 12, 2016, the Board of County Commissioners entered into an agreement with Ferris Marketing, Inc. for the Basic Industry Growth Promotion Incentive Program. The agreement required the creation of at least 12 new jobs that met or exceeded the NAICC 4239 average wage of $43,635. At the first annual validation meeting, Ferris Marketing was unable to meet the requirements of the agreement and requested that the agreement be terminated. FISCAL IMPACT: Ferris Marketing, Inc. did not receive any funds pursuant to the Agreement. The recording of this agreement may incur a fee. Sufficient funds are available in the Economic Development budget (001-138760) for the recording expense. GROWTH MANAGEMENT IMPACT: This request is consistent with Objective 3 of the Economic Element of the Collier County Growth Management Plan, which states: “Collier County will support programs that are designed to promote and encourage the recruitment of new industry, as well as the expansion and retention of existing industries to diversify the County’s economic base.” LEGAL CONSIDERATIONS: This item is approved for form and legality and requires a majority vote for Board action. - JAB RECOMMENDATION: Termination of the Basic Industry Growth Promotion Incentive Program Agreement between Collier County and Ferris Marketing, Inc., due to Ferris Marketing, Inc. being unable to meet the job requirements of the Agreement at the initial validation meeting. Prepared by: Jace Kentner, Director, Office of Business & Economic Development ATTACHMENT(S) 1. Ferris Termination from CAO-2 (PDF) 16.F.9 Packet Pg. 2089 09/12/2017 COLLIER COUNTY Board of County Commissioners Item Number: 16.F.9 Doc ID: 3708 Item Summary: Recommendation for the termination of the Basic Industry Growth Promotion Incentive Program Agreement between Collier County and Ferris Marketing, Inc., due to Ferris Marketing, Inc. being unable to meet the job requirements of the Agreement at the initial validation meeting. Meeting Date: 09/12/2017 Prepared by: Title: – Business and Economic Development Name: Danielle Jensen 09/01/2017 1:06 PM Submitted by: Title: Economic Research Analyst – Business and Economic Development Name: Jace Kentner 09/01/2017 1:06 PM Approved By: Review: Business and Economic Development Jace Kentner Additional Reviewer Completed 09/05/2017 4:01 PM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 09/05/2017 4:14 PM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 09/05/2017 4:27 PM Budget and Management Office Mark Isackson Additional Reviewer Completed 09/05/2017 4:28 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 09/06/2017 3:35 PM County Manager's Office Leo E. Ochs Level 4 County Manager Review Completed 09/06/2017 4:15 PM Board of County Commissioners MaryJo Brock Meeting Pending 09/12/2017 9:00 AM 16.F.9 Packet Pg. 2090 16.F.9.a Packet Pg. 2091 Attachment: Ferris Termination from CAO-2 (3708 : Ferris Marketing BASIC Termination) 16.F.9.a Packet Pg. 2092 Attachment: Ferris Termination from CAO-2 (3708 : Ferris Marketing BASIC Termination) 16.F.9.a Packet Pg. 2093 Attachment: Ferris Termination from CAO-2 (3708 : Ferris Marketing BASIC Termination) 16.F.9.a Packet Pg. 2094 Attachment: Ferris Termination from CAO-2 (3708 : Ferris Marketing BASIC Termination) 16.F.9.a Packet Pg. 2095 Attachment: Ferris Termination from CAO-2 (3708 : Ferris Marketing BASIC Termination) 16.F.9.a Packet Pg. 2096 Attachment: Ferris Termination from CAO-2 (3708 : Ferris Marketing BASIC Termination) 16.F.9.a Packet Pg. 2097 Attachment: Ferris Termination from CAO-2 (3708 : Ferris Marketing BASIC Termination) 16.F.9.a Packet Pg. 2098 Attachment: Ferris Termination from CAO-2 (3708 : Ferris Marketing BASIC Termination)