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RESOLUTION NO. 00-25
A RESOLUTION OF THE CITY OF CLEARWATER,
FLORIDA, FINDING THAT PROJECT 00-0522 BE
APPROVED AS A QUALIFIED APPLICANT PURSUANT TO
SECTION 288.106, FLORIDA STATUTES; AND
IDENTIFYING SOURCES OF CITY OF CLEARWATER
FINANCIAL SUPPORT OF PROJECT 00-0522 AND EQUAL
PINELLAS COUNTY SUPPORT AS LOCAL PARTICIPATION
IN THE QUALIFIED TARGET INDUSTRY TAX REFUND
PROGRAM FOR FISCAL YEARS 2001 - 2004; PROVIDING
AN 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, value-added 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 00-0522 wishes to expand its corporate headquarters to
hire forty additional employees over the next three years, qualifying as high-value-added
jobs; and
WHEREAS, PROJECT 00-0522 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 00-0522 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 00-0522 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 00-0522 final application to be a Qualified
Target Industry Business and confirmation of the information therein.
Resolution No. 00-25
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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 $64,000, 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 00-0522 exceed
$32,000. .
Section 3. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 15th day of June
,2000.
ommissioner
Approved as to form:
Attest:
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John Carassas, Assistant City Attorney
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E. G.oudeau, City Clerk
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Resolution No. 00-25