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99-29 . , . , , . . . .' ~' . . ~ 'f....~. ~" ' ..,. ~. . . . ., I: .. '. _' .' " .. ','1 :, I . .c' , " ~ . . .\. .....'" . " , . .... " . c " t"" . !.::. :" , ' ,.' ,1,1<," " : "I :~, J. " " , [". 'c. .: . I ...RESOLUTIONS . ',# c qq~2-Cf ,'.' . :. >.c. . .' I '" "~ . ,1 " Od~ f'.. I RESOLUTION NO. 99~29 A RESOLUTION OF THE CITY OF CLEARWATER. FLORIDA, FINDING THAT PROJECT 99-0520 BE APPROVED AS A QUALIFIED APPLICANT PURSUANT TO SECTION 288.106. FLORIDA STATUTES; AND IDENTIFYING SOURCES OF CITY OF CLEARWATER FINANCIAL SUPPORT OF PROJECT 99-0520 AND EQUAL PINELLAS COUNTY SUPPORT AS LOCAL PARTICIPATION IN THE QUALIFIED TARGET INDUSTRY TAX REFUND PROGRAM FOR FISCAL YEARS 2000 - 2003; PROVIDINGAN EFFECTIVE DATE. WHEREAS, the Legislature of the State of Florida has enacted Chapter 94-136. Laws of Florida, creating Section 288.106, Florida Statutes, to encourage the growth of Florida's high-wage. valuewadded employment; and WHEREAS, Section 288.106, Florida Statutes. authorizes the Florida Department of Commerce to accept, review and approve applications for tax refunds to qualified target industry businesses; and , (:,~) WHEREAS, Section 288.106, Florida Statutes, requires 20%' local financial participation as tax refunds become due; and WHEREAS. PROJECT 99-0520 wishes to relocate its corporate headquarters and projects to hire fifty employees over the next three years, qualifying as high-value-added jobs; and WHEREAS, PROJECT 99-0520 will be located in the City of Clearwater and will provide high-value-added employment to citizens of the City of Clearwater; and WHEREAS, the City of Clearwater finds that providing tax refunds and other tax incentives to PROJECT 99-0520 is vital to the public purpose of employing City of Clearwater citizens and ensuring the City's economic vitality; now, therefore, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF CLEARWATER. FLORIDA: Section 1, The City of Clearwater hereby recommends PROJECT 99-0520 be approved as a Qualified Target Industry Business pursuant to Section 288.106, Florida Statutes. This recommendation is based upon the creation of the specified jobs and is contingent upon the City's review of PROJECT 99-0520 final application to be a Qualified Target Industry Business and confirmation of the information therein. u Resolution No. 99-29 o o o p Section 2. 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 the amount of $50,000, consisting of 50% of the local contribution coming from Pinellas County and 50% coming from the City of Clearwater subject to annual appropriations, which will be paid to the Florida Economic Development Trust Fund as tax refunds become due with the stipulation that 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 statutory requirements of the program. Nothing herein will prevent other jurisdictions or the private sector from increasing their contributions. However. in no event will the total contribution of the City of Clearwater for PROJECT 99-0520 exceed $25,000. Section 3. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this 17th day of June ,1999. Approved as to form: Attest: ~ ~:. ASSi:nt City Attorn~y .~~ . Goudeau, City Clerk ~ Resolution No. 99-29 r-:--.. i ,.,' J , " () , " o \,:1 , ('\ I!! II) 1:: o ClI C g. -'0 =::lll 0:1: .c II) >>..... (U E C 0 e- O u , " il ~l 1II .a o -, jg I 0 ~ il N~ 1:2.0 .... ,0 C") '- N 0 ....=It .... Oi ;:.0 C") 0 N'- .... 0 =It m ~~~ NO ....=It II) ~ UI _ 1tI 1tI OJVJ 00000000000 00000000800 00000000 00 oooolOllioolOorto OOOJovvNNLOVCO NM.... .....~~ ........~........fhfh....fhfhfh .....M....N.........MvOJNM .... ..... o o '0 I o o N 000 000 000 oON N....OJ ....N..... ONOOOOMt--tOOO ~ o o '0' o o ..... 00 00 '00 010 N..... ....N o o '0 Ili ~ O.....OOO....OvOJO..... o 000 o 000 0'000' o 0010 o OJO~ N ..... 0000 0000 '0000 oaiortci OJv~v .....O.....N.....OOMNNN 00000000000 00000000000 00000000000 oociolOllicioortNo OOOJlOvvvMNNN N..... ....fhfhfh....fhfhfh....fhfh ... Cl.I Cl 1tI ... C Q) 1tI g' :E c Cl 1tI C :E 'iij III ClI ~ ~ UlE... a.. '- 1OQ)Q) olS 00- C ElijI ... S ..... .9 en c Cl) en ; ~e ro C ~ Cllt: t:: ~ a::: Q. ~ .2' = :g S 0 eolS5~~~~~~ g: Q.III 1tI OIll;Ul lIl,g!Q)UlOC'J,g!E- ~ Ji ~ 10 0 ~ ro ~.~ i3'-a5uc~ltIc lIloQ)::::e:gUicti J1g;Jj~i5U:.12~~ o o '0 o N IIlll:: .!!! ro roU) VJ1:: 1Il 0 :E!8: UI ::I .Ecn 00 ON OtD ~,.: to p) <<:I. .... (,I) ~ o an 00 00 0.... ~~ t-- Ih W o N o p) 0.... O~r<t ..... .... OM an Ih W tD .... 00 00 00 ai"': LO~ lD Ih W v .... 1Il C) ~ II) C) E ~