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Agenda 02/13/2018 Item #16F5Proposed Agenda Changes Board of County Commissioners Meeting February 13, 2018 Withdraw Item 16F5: Recommendation to approve the first amendment to the Business Location Inducement Grant with Position Logic, LLC, which clarifies tax payment requirements. (Staff’s request) Note: Item 16D21: The Sport Contract Agreement was inadvertently omitted from the back-up material. Copies have been distributed. (Staff’s request) Time Certain Request: Item 9A to be heard at 9:15 a.m. Item 9B to be heard at 9:30 a.m. 2/13/2018 8:35 AM 02/13/2018 EXECUTIVE SUMMARY Recommendation to approve the first amendment to the Business Location Inducement Grant with Position Logic, LLC, which clarifies tax payment requirements. OBJECTIVE: That the Board of County Commissioners (Board) approve the first a mendment to the Agreement for Business Location Inducement Grant between Collier County, Florida and Position Logic, LLC. CONSIDERATIONS: On February 27, 2015, the Board approved its Business Location Inducement Grant with Position Logic LLC in order to support the diversification of Collier County’s economy and growth in high technology jobs for Collier citizens by securing the retention and expansion of Position Logic at a Collier County site. Position Logic provides business solutions that address the areas of enterprise asset management, in-house GPS asset tracking solutions, hosted GPS tracking, location-based security solutions, and professional consulting services. The Business Location Inducement Grant Agreement requires Position Logic to “pay its tax bill in full to the Tax Collector’s Office annually, on or before the date it is due.” Position Logic has met this requirement by paying their ad valorem and personal property taxes in full and on time annually, however, they did not pay a $30 business license tax for the fiscal year of 2015 and there is no provision in place for paying a business license tax in arrears. Staff recommends that the agreement be amended to clarify “tax bill” as “ad valorem and personal property taxes”. The expanded lo cation has contributed 57 high technology jobs for Collier Citizens and continues to expand. FISCAL IMPACT: The Board agreed to assist Position Logic with this project by providing a Business Inducement Grant paid in four equal annual installments of $29,400 commencing with the first anniversary of the issuance of the Certificate of Occupancy, August 11, 2016, for the facility, and will continue each year thereafter until the full grant amount of $117,600 is paid. No funds have been paid to Position Logic and resolution of the definition of “local taxes” will allow this incentive to move forward. Funding is provided in the Economic Development Incentives budget (001- 138763). 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 approval. - JAB RECOMMENDATION: Recommendation to approve the first amendment to the Business Location Inducement Grant with Position Logic, LLC, which clarifies tax payment requirements. Prepared by: Jace Kentner, Director, Office of Business & Economic Development ATTACHMENT(S) 1. Position Logic Amendment Agreement CAO Stamped (PDF) 16.F.5 Packet Pg. 1446 02/13/2018 COLLIER COUNTY Board of County Commissioners Item Number: 16.F.5 Doc ID: 4752 Item Summary: Recommendation to approve the first amendment to the Business Location Inducement Grant with Position Logic, LLC, which clarifies tax payment requirements. Meeting Date: 02/13/2018 Prepared by: Title: Administrative Assistant – Business and Economic Development Name: Jennifer Leslie 02/06/2018 11:28 AM Submitted by: Title: Director – Business and Economic Development Name: Jace Kentner 02/06/2018 11:28 AM Approved By: Review: Business and Economic Development Jace Kentner Additional Reviewer Completed 02/06/2018 11:48 AM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 02/06/2018 1:33 PM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 02/06/2018 1:42 PM Budget and Management Office Ed Finn Additional Reviewer Completed 02/06/2018 3:54 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 02/06/2018 5:00 PM County Manager's Office Leo E. Ochs Level 4 County Manager Review Completed 02/06/2018 5:05 PM Board of County Commissioners MaryJo Brock Meeting Pending 02/13/2018 9:00 AM 16.F.5 Packet Pg. 1447 16.F.5.a Packet Pg. 1448 Attachment: Position Logic Amendment Agreement CAO Stamped (4752 : Business Location Inducement Grant with Position Logic) 16.F.5.a Packet Pg. 1449 Attachment: Position Logic Amendment Agreement CAO Stamped (4752 : Business Location Inducement Grant with Position Logic) 16.F.5.a Packet Pg. 1450 Attachment: Position Logic Amendment Agreement CAO Stamped (4752 : Business Location Inducement Grant with Position Logic) 16.F.5.a Packet Pg. 1451 Attachment: Position Logic Amendment Agreement CAO Stamped (4752 : Business Location Inducement Grant with Position Logic) 16.F.5.a Packet Pg. 1452 Attachment: Position Logic Amendment Agreement CAO Stamped (4752 : Business Location Inducement Grant with Position Logic) 16.F.5.a Packet Pg. 1453 Attachment: Position Logic Amendment Agreement CAO Stamped (4752 : Business Location Inducement Grant with Position Logic) 16.F.5.a Packet Pg. 1454 Attachment: Position Logic Amendment Agreement CAO Stamped (4752 : Business Location Inducement Grant with Position Logic)