Resolution 2015-036 RESOLUTION NO. 2015 - 36
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
COLLIER COUNTY, FLORIDA, FINDING THAT THE PARTNERSHIP
FOR COLLIER'S FUTURE ECONOMY'S ECONOMIC DEVELOPMENT
PROSPECT #15-011, BE APPROVED AS A QUALIFIED APPLICANT
PURSUANT TO SECTION 288.106, FLORIDA STATUTES; AND
IDENTIFYING SOURCES OF LOCAL FINANCIAL SUPPORT OF
$32,000 AS LOCAL PARTICIPATION IN THE QUALIFIED TARGET
INDUSTRY TAX REFUND PROGRAM FOR FISCAL YEAR(S) 2015-2023.
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
WHEREAS, the Company identified as the Partnership for Collier's Future Economy's
Prospect #15-011, wishes to expand a Collier County operation consisting of 40 new qualifying
value-added jobs in five phases; and
WHEREAS, the Company identified as the Partnership for Collier's Future Economy's
Prospect #15-011, will provide high-wage, value-added employment to Collier County citizens
with average wages of at least $63,738 or 150% 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 Partnership for Collier's Future Economy's Prospect #15-011 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 OP COLLIER COUNTY, FLORIDA that the Board hereby recommends
that the Partnership for Collier's Future Economy's Prospect #15-011, 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 Partnership for Collier's Future Economy's Prospect #15-011's final
application to be a Qualified Target Industries Business and confirmation of the information
therein.
1
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 the amount of $32,000; 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 24-\r-, day of"Fe_1:,y,-)ca._w\ , 2015.
ATTEST: <- ,,, BOARD OF COUNTY COMMISSIONERS
DWIGHT E.°'BRO:CK;Clerk COLLIER COUNTY, FLORIDA
- , _ .,... cf.__ ........■
By / e,a.,,e.....
. , .Attest as to Chairr an's Deputy Clerk TIM NANCE, CHAIRMAN
signature only.
App .v-■ 1. to form and legality:
"44411114 k
Jeffre l: A la z ow
Count a orney
2