CCAA Resolution 1999-52 RESOLUTION 99- 5 2-
RESOLUTION 99-O.-AUTHORIZES THE AUTHORITY TO SPEND$1,389,000 ON THE
MANUFACTURING INCUBATOR PHASE II BUILDING AND AUTHORIZES A
CONTRIBUTION OF $139,000 BY THE AUTHORITY TO SAID PROJECT.
WHEREAS,the Airport Authority is going to construct a second multi-functional
building in the Industrial Park which will include a bonded warehouse, manufacturing assembly
area and metal treatment area;
WHEREAS, said building is estimated to cost$1,389,000;
WHEREAS,the Airport Authority is contributing$139,000 to the cost of the building;
WHEREAS,the State of Florida is contributing$750,000 through a Community
Development Block Grant;
WHEREAS, it is anticipated that the balance of$500,000 will be funded by a grant from
USDA;
WHEREAS, it is anticipated that the balance of$500,000 will be funded by a grant from
USDA;
WHEREAS, said project needs to be budgeted;
NOW THEREFORE, it is hereby resolved by the Airport Authority that the Airport
Authority is authorized to spend$1,389,000 on the Manufacturing Incubator Phase II subject to
sufficient grants being secured to fund$1,250,000 of the costs and is authorized to fund$139,000
of the costs itself.
DULY PASSED AND ADOPTED this 13 day of _ ggad____, 1999.
BY: ' _444 /o �..
Herb Noren,Chairman
ATTEST:
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BY: ch eal)
Or
Gail Hambright,Notary' blic