20-20 QUALIFIED TARGET INDUSTRY TAX REFUND PROGRAM
WITH CASH LOCAL FINANCIAL SUPPORT
PROVIDED BY TWO OR MORE LOCAL ENTITIES
RESOLUTION NUMBER 20-20
A RESOLUTION BY THE GOVERNING BOARD OF THE CITY
OF CLEARWATER, FLORIDA, THE CLEARWATER CITY
COUNCIL, RECOMMENDING PROJECT LAST DANCE BE
APPROVED AS A QUALIFIED TARGET INDUSTRY BUSINESS
PURSUANT TO S.288.106, FLORIDA STATUTES; PROVIDING
FOR LOCAL FINANCIAL SUPPORT IN THE FORM OF CASH;
PROVIDING FOR AN EFFECTIVE DATE.
BE IT RESOLVED BY THE GOVERNING BOARD OF THE CITY OF
CLEARWATER, FLORIDA, THE CLEARWATER CITY COUNCIL, as follows:
WHEREAS, the business under consideration is a Corporate, Subsidiary, and
Regional Managing Office, specifically, Project Last Dance;and
WHEREAS, Project Last Dance is located/or intends to locate in the City of
Clearwater, Florida; and
WHEREAS, Project Last Dance has been identified as a Target Industry
Business; and
WHEREAS, Project Last Dance plans to expand operations and to create
additional jobs in the City of Clearwater. The Company projects to add 20 jobs over five years
beginning in 2021; and
WHEREAS, City of Clearwater hereby acknowledges that local financial support
of 20% of the total tax refund in an amount not to exceed $100,000 is required under the
provisions of s.288.106, Florida Statutes, governing the State's Qualified Target Industry Tax
Refund Program (QTI); and
WHEREAS, Pinellas County has agreed to participate in the provision of local
financial support by committing an amount not to exceed $10,000 which is 50% of the total
required QTI local financial support;
NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BOARD OF
THE CITY OF CLEARWATER, FLORIDA, THE CLEARWATER CITY COUNCIL, that the
Board hereby recommends Project Last Dance be approved as a Qualified Target Industry
Business pursuant to s.288.106, Florida Statutes.
BE IT FURTHER RESOLVED, that the Governing Board of the City of
Clearwater, Florida has determined the basis of this project's average private sector wage
commitment calculation shall be 115% of the statewide average annual wage for the year ended
December 31, 2019.
BE IT FURTHER RESOLVED, that the necessary cash commitment of local
financial support for the Qualified Target Industry Tax Refund Program exists for Project Last
Dance in the amount of$10,000,which is 50% of the total required QTI local financial support,
and that this amount will be made available in accordance with the guidelines set forth by the
Department of Economic Opportunity with the stipulation that these funds are intended to
represent the"local financial support" required by s.288.106, Florida Statutes.
This resolution shall take effect immediately upon its adoption.
DULY ADOPTED BY THE GOVERNING BOARD OF THE�CI�TY OF
CLEARWATER, FLORIDA, THE CLEARWATER CITY COUNCIL, this '1 day of
) 14 0,i, , 2020.
ATTEST:
CITY OF CLEARWATER, FLORIDA
Counte signed:
4 By: Wia,u4-c,6111/Plivaja
Hibbard William B. Home II
Mayor City Manager
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Approved as to form: Attest:
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p-Laura Mahony Rosemarie Call
Assistant City Attorney City Clerk 9`q�h
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STAMP AND SIGNATURE OF NOTARY