Resolution 2019-069 RESOLUTION NO. 2019 - 69
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
COLLIER COUNTY, FLORIDA, TO RECOMMEND THAT PROJECT
PEAK BE APPROVED AS A QUALIFIED APPLICANT PURSUANT TO
SECTION 288.106 AND SECTION 288.108, FLORIDA STATUTES; AND
IDENTIFYING SOURCES OF LOCAL FINANCIAL SUPPORT IN AN
AMOUNT NOT TO EXCEED $80,000.00 AS LOCAL PARTICIPATION IN
THE QUALIFIED TARGET INDUSTRY TAX REFUND PROGRAM FOR
FISCAL YEAR(S)2019-2023.
WHEREAS, the Legislature of the State of Florida has enacted Chapter 94-136, Laws of
Florida, creating Section 288.106, Florida Statutes, and 288.108, 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 requires 20% local financial participation as tax refunds become
due; and
WHEREAS,the Company identified as Project Peak will create 80 new qualifying value-
added jobs in five phases in Collier County; and
WHEREAS,the Company identified as Project Peak,will provide high-wage,value-added
employment to Collier County citizens with average wages of$45,565 or 100% for Qualified
Target Industry; and
WHEREAS, the Board of County Commissioners finds that providing tax refunds and
other tax incentives to Project Peak is vital to the public purpose of employing Collier County
citizens and ensuring the County's economic vitality; and
NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF COLLIER COUNTY,FLORIDA that the Board hereby recommends that
Project Peak be approved as a Qualified Target Industry Business pursuant to Section 288.106,
Florida Statutes and eligible for the High Impact Sector Bonus pursuant to Section 288.108. This
recommendation is based upon the creation of the specified jobs and is contingent upon Collier
County's review of Project Peak's final application to be a Qualified Target Industry Business and
confirmation of the information therein.
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 an amount not to exceed $80,000; 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
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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.
THIS RESOLUTION ADOPTED after motion, second, and majority vote favoring same
this 23rd day of April 2019.
ATTEST:, \r,' #'PBOARD OF •UNTY COMMISSIONERS
CRYSTAL..K K +�EL, Clerk COLLIER / 1 ORIDA
. , 6?).. ,
By.
Air
Alp,
4; "�' ': De uty Clerk •� illiam L. McDaniel, Jr., Chairman
,: JI uGEiYy.
Appro 1-d s .4 orm and legality:
! ► i
hit,Jeffrey Kl° zkow
County o i'y
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