Resolution 2005-071
RESOLUTION NO. 2005-_11
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
COLLIER COUNTY, FLORIDA SUPPORTING ADVOCATE AIRCRAFT
TAXATION COMPANY AS A QUALIFIED APPLICANT PURSUANT TO
SECTION 288.106, FLORIDA STATUTES; PROVIDING AN APPROPRIATION
OF $60,000 AS LOCAL PARTICIPATION IN THE QUALIFIED TARGET
INDUSTRY (QTI) TAX REFUND PROGRAM FOR FISCAL YEARS 2006
THROUGH 2008; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, Advocate Aircraft Taxation Company (Advocate), is an aviation
consulting company providing liability control, accounting and other financial,
scientific and technical services to the aviation industry 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, Advocate will create sixty (60) new jobs in Collier County over a
three-year period and the wage for the new jobs will average $62,000, which is 200%
of Collier County's 2003 average wage, which exceeds the minimum 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 Advocate
Aircraft Taxation Company project is otherwise eligible for QTI tax refunds up to
$300,000 (including $60,000, i.e., a 20%, local match); and
WHEREAS, Advocate is currently based in Indianapolis, Indiana and IS
considering relocating its corporate headquarters to Collier County; and
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WHEREAS, authorizing a local matching financial incentive will provide an
inducement for Advocate to locate in Collier County.
NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF
COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, thaI:
I. The Board of County Commissioners hereby recommends Advocate be
approved by OTTED as a Qualified Target Industry Business pursuant to Section
288.106, F.S.; and
2. If Advocate 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 Advocate as a Qualified
Targeted Industry Business such that the County's Qn Tax Refund Program as
referenced in Code of Laws and Ordinances section 49-34, has funding available for a
20% local match to Advocate of up to $60,000; 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 2006 _
$20,000, FY 2007 - $15,000 and FY 2008 - $25,000, 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 of local financial support IS contingent upon
Advocate:
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 <<is th day of Tan l.l Q( Y ,2005.
ATTEST
Dwight E. Brock, Clerk
Approved as to form
and legal sufficiency:
Pa 'ck G. White,
Assistant County Attorney
BOARD OF COUNTY COMMISSIONERS
COLLIER COUNTY, FLORIDA
By:
~W'7
Fred W. Coyle, Chairma
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