www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - May 20, 2014
May 20, 2014 - Regular Meeting
Agenda Item #32


Subject
EDI Grant Revision - Project GOLD - Resolution R-14-059

Briefings
None

Contact and/or Presenter Information
Karen Stewart, Economic Development Program Manager
Neighborhood Services Department
Ext. 6832

Action Requested
Adoption of Resolution R-14-059 rescinding Resolution R-11-072 and finding that Project GOLD be approved for an Economic Development Incentive Grant for a five-year period.

Enabling/Regulating Authority
F.S. 288.106 Tax refund program for Qualified Target Industry Businesses
Manatee County Government Incentive Program

Background Discussion
On March 15, 2011, the Board adopted Resolution R-11-072 approving Project GOLD for an Economic Development Incentives Grant.

Project GOLD located a manufacturing business in Manatee County and is an employer that pays above average salaries and benefits.

Project GOLD has qualified and been paid for a portion of these incentives for 19 jobs created in 2011 and 2012 in the amount of $47,500.

Resolution R-14-059 rescinds Resolution R-11-072, approves Project GOLD for the Economic Development Incentives Grant, and revises the job creation payout schedule.

County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other


Reviewing Attorney
N/A

Instructions to Board Records
Original for Board records; copy of approved Agenda Memorandum and executed Resolution to Karen Stewart (karen.stewart@mymanatee.org), Neighborhood Services Department.

Cost and Funds Source Account Number and Name
$90,000 EDI 10700015806

Amount and Frequency of Recurring Costs
Over a five year period


Attachment:  Gold Revision-R14059.pdf