Resolution 2007-159
RESOLUTION NO. 07-159
A RESOLUTION BY THE BOARD OF COUNTY
COMMISSIONERS OF COLLIER COUNTY, f'LORlDA,
SUPPORTING ENVONT LLC AS A QUALIFIED
APPLICANT PURSUANT TO s.288.106, FLORIDA
STATUTES; PROVIDING AN APPROPRIATION OF
$16,000 AS LOCAL PARTICIPATION IN THE QUALIFIED
TARGET INDUSTRY (QTI) TAX REFUND PROGRAM
FOR FISCAL YEAR(S) 2011 THROUGH 2014, AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the business under consideration IS a nanotechnology
company, specifically, EnVont LLC; and
WHEREAS, EnVont LLC currently has its Research and Development in
Connecticut and corporate headquarters in Michigan and is considering a
move to Collier County, Florida; and
WHEREAS, it is policy of the State of Florida and Collier County to
encourage the growth of high value-added employment and the economic
base by providing tax refunds to qualified targeted industries that create
high-wage job opportunities; and
WHEREAS, the State requires the applicant requesting certification as a
qualified targeted industry business to provide, among other things, a
resolution adopted by the Board of County Commissioners in which the
proposed project is to be located, recommending that the target business be
approved as a qualified target industry and that the commitment of local
financial support be necessary for the target business industry exists; and
WHEREAS, this incentive will provide an inducement for EnVont LLC
to locate in Collier County; and
WHEREAS, EnVont LLC will create up to 20 net new jobs in Collier
County by September, 2010; and that the minimum average wage for the
additional jobs will total $56,529, which is 150% of the Collier County's
2005 average wage. However, the company expects the actual average wage
to approximately $70,000, which is 186% of Collier County's 2005 average
wage; and
WHEREAS, Enterprise Florida has confirmed with the Governor's Office
of Tourism Trade and Economic Development (OTTED) about the Qualified
Targeted Industry (QTI) Tax Refund Program and they agreed the project is
eligible for QTI tax refunds up to $80,000.00 (including local match).
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA,
that the Board of County Commissioners hereby recommends En V ont LLC
be approved as a Qualified Target Industry Business pursuant to s.288.106,
Florida Statutes, and
BE IT FURTHER RESOLVED that the County has reviewed the public
resources for local financial support and determined that the County can
provide the necessary commitment of local financial support for En V ont
LLC as a Qualified Targeted Industry Business. The QTI Tax Refund
Program has funding available for En V ont LLC in the amount of up to
$16,000.00; that this amount will therefore be so encumbered, and there be
made available for payment from future revenues generated from the
projected ad valorem taxes collected as a result of this project. Payment is
proposed to be made in the following increments: FY 2011-$4,000, FY
2012-$4,000, FY 2013-$4,000, and FY 2014-$4,000. Monies are to be paid
to the Florida Economic Development Trust Fund with the stipulation that
these funds are intended to represent the "local participation" required by
s.288.l06, Florida Statutes, and that the necessary commitment of local
financial support shall be contingent on En V ont LLC maintaining the jobs
during the life of the incentive and ensuring that its hiring practices are
consistent with and reflect the diversity ofthe Collier County community.
This Resolution adopted after motion, second and majority vote favoring
same, this ;t.1.. day of ~ ' 2007
DATED: ~/.2:~/t2to7
ATTEST:
DWIGijT' E.Bf1,OCK
,,;,:' '.,.?:-
COLLIER COUNTY BOARD OF
COUNTY COMMISSIONERS
By:.:
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By: W~
J es Coletta, Chairman
Approved as to form and legal
sufficiency:
ow
stant County Attorney