Resolution 2005-070
RESOLUTION NO. 2005- 70
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
COLLIER COUNTY, FLORIDA SUPPORTING GENAPOL AS A QUALIFIED
APPLICANT PURSUANT TO SECTION 288.106, FLORIDA STATUTES;
PROVIDING AN APPROPRIATION OF $96,000 AS LOCAL PARTICIPATION
IN THE QUALIFIED TARGET INDUSTRY (QTI) TAX REFUND PROGRAM
FOR FISCAL YEARS 2007 THROUGH 2012; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, Genapol is a manufacturer and distributor of aircraft componcnts
that is being considered as an applicant for the Qualified Target Industry (QTI) tax
refund program; and
WHEREAS, it is the policy of the State of Florida and of Collier County to
encourage the growth of high value-added employment and to enhance the County's
economic base by providing incentives via tax refunds to qualified targeted industries
which will create high-wage jobs; and
WHEREAS, Genapol will create eighty (80) new jobs in Collier County over a
six-year period and the wage for the new jobs will average $36,000, which is 115% of
Collier County's 2003 average wage which is the standard required by Section 288.106
(3)(b), F.S.; and
WHEREAS, the Governor's Office of Tourism, Trade and Economic
Development (OTTED) requires applicants requesting certification as a qualified
targeted industry businesses to provide a resolution, adopted by the Board of County
Commissioners of the County in which the proposed project is to be located, that.
recommends that the target business be approved by OTTED as a qualified target
industry and which commits local financial support for the target business; and
WHEREAS, Enterprise Florida has confirmed with OTTED that the Genapol
project is otherwise eligible for QTI tax refunds up to $480,000 (including $96,000, i.e.
20%, local match); and
WHEREAS, Genapol is currently based in Poland and through the recently
approved partnership agreement between the Florida Tradeport and Poland's Industrial
Development Agency and the Economic Development Council's Trade Mission to
Poland, Genapol is considering expanding to the Florida Tradeport, which will
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strengthen trade, technology, investment and economic development in Florida and
Poland; and
WHEREAS, authorizing a local matching financial incentive will provide an
inducement for Genapol to locate in Collier County.
NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF
COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, that:
I. The Board of County Commissioners hereby recommends Genapol be
approved by OTTED as a Qualified Target Industry Business pursuant to Section
288.106, F.S.; and
2. If Genapol is approved by OTTED, then the County, having reviewed the
public resources for local financial support has now determined that the County can and
should provide the necessary financial commitment to Genapol as a Qualified Targeted
Industry Business such that the County's QTI Tax Refund Program as referenced in
Code of Laws and Ordinances section 49-34, has funding available for a 20% local
match to Genapol of up to $96,000; and
3. This amount will therefore be so encumbered, and be made available for future
payments which are proposed to be made in the following increments: FY 2007 _
$6,000, FY 2008 - $12,000, FY 2009 - $24,000, FY 2010 - $24,000, FY 2011 - $18,000
and FY 2012 - $12,000, such that these monies are to be paid to the Florida Economic
Development Trust Fund with the stipulation that the funds are intended to represent
the "local participation" required by Section 288.106, F.S.; and
4. The County's commitment oflocal financial support is contingent upon Genapol:
a. Creating and continuing to maintain the sixty high wage jobs during
the life of the incentive; and
b. Complying with all rules and guidelines of the specified program;
and
c. Ensuring that its hiring practices are consistent with, and reflect the
diversity of the Collier County community.
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THIS RESOLUTION is adopted after motion, second and majority vote
favoring adoption this .;:>5t'1 day of Ian 1.I.00r,/ ,2005.
ATTEST
Dwight E. Brock, Clerk
BOARD OF COUNTY COMMISSIONERS
COLLIER COUNTY, FLORIDA
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Approved as to form
and legal sufficiency:
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Assistant County Attorney
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