02-37
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RESOLUTION NO. 02-37
A RESOLUTION OF THE CITY OF CLEARWATER, FLORIDA,
FINDING THAT THE PUBLlX SUPER MARKETS, INC. STORE
#867 PROJECT BE APPROVED AS A QUALIFIED APPLICANT
PURSUANT TO SECTION 288.107 FLORIDA STATUTES; AND
IDENTIFYING SOURCES OF CITY OF CLEARWATER
FINANCIAL SUPPORT FOR THE PROJECT WITH EQUAL
PINELLAS COUNTY SUPPORT AS LOCAL PARTICIPATION IN
THE BROWNFIELD REDEVELOPMENT BONUS REFUND FOR
FISCAL YEAR 2002-2006; PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Legislature of the State of Florida has amended 288.107,
Florida Statues, Brownfield redevelopment bonus refunds effective July 1, 2002;
and
WHEREAS a qualified target industry business as defined in 288.106, Florida
Statues, or a business that can demonstrate a completion of a fixed capital
investment of at least $2 million in mixed-use business activities, including multi-
unit housing, commercial, retail, and industrial in brownfield areas and which
provides benefits to its employees; and
WHEREAS Section 288.107, Florida Statues, states a bonus refund of up to
$2,500 shall be allowed for any eligible business for each new job created in a
brownfield, the amount of the refund shall be equal to 20% of the average annual
wage for the jobs created; and
WHEREAS, Section 288.106, Florida Statues, local 20% financial
participation is optional, any applicant that exercises this option shall not be
eligible for more than 80% of the total tax refunds allowed such applicant; and
WHEREAS, these eighty new jobs the project will create is located in the City
of Clearwater State Brownfield Designated area; and
WHEREAS, the City of Clearwater finds that providing tax refunds and other
tax incentives to this project is vital to the 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 Publix Super Markets,
Inc. Store #867 be approved as a Brownfield Redevelopment Bonus Refund
Business pursuant to Section 288.107, Florida Statutes. This recommendation
is based upon the creation of the specified jobs and contingent upon the City's
review of this projects final application and confirmation of the information herein.
Resolution No. 02-37
Section 2. The necessary commitment of local financial support for Publix
Super Markets, Inc. #867 for the Brownfield Redevelopment Bonus Refund has
been identified in the amount of $40,000, 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
option in Section 288.106, Florida Statues and are conditional upon the applicant
meeting all statutory requirements of the program. Nothing herein will prevent
other jurisdictions or the private section from increasing their contributions.
However, in no event will the total contribution of the City of Clearwater for this
project exceed $20,000.
Section 3. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 20th day 6f June
,2002.
Approved as to form:
Attest:
c~
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Resolution No. 02-37