www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - April 9, 2013
REVISED April 9, 2013 - Regular Meeting
Agenda Item #29


Subject
Economic Development Incentive Grant - Resolution R-13-067 Project SHARP

Briefings
None

Contact and/or Presenter Information

Karen Stewart, Economic Development Manager

Neighborhood Services Department, Ext. 6832



Action Requested
Adoption of Resolution R-13-067 rescinding Resolution R-11-165 and finding that Project SHARP be approved for an Economic Development Incentive Grant and a Transportation Impact Fee Incentive over a five year period.

Enabling/Regulating Authority

F.S. 288.106 Tax refund program for qualified target industry businesses



Background Discussion
  • July 26, 2011, the Board adopted Resolution R-11-065 approving Project SHARP for an Economic Development Incentive (EDI) Grant and a Transportation Impact Fee Incentive (TIFI) to be paid over a five year period.
  • Project SHARP is locating a new medical manufacturing facility in Manatee County and plans to create 25 new jobs over five years paying a minimum of 200% ($66,896) of the Manatee County average wage plus benefits.
  • Project SHARP is eligible for TIFI at 100% as a new company locating in Manatee County and creating quality jobs above 200%.
  • Due to delays with construction and start-up activities, Project SHARP has requested revisions to the the pay out years for job creation.
  • Resolution R-13-067 rescinds resolution R-11-165, recommends Project SHARP for the EDI Grant Program and the TIFI Program, and adjusts the pay out years for job creation.
  • Manatee County staff will be responsible for monitoring all EDI Grant and TIFI requirements, as well as processing invoices for payment on an annual basis upon confirmation of compliance with wage and annual job creation and retention requirements.
  • Compliance with the program is managed through the adoption of Resolution R-13-067.

 



County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other


Reviewing Attorney
N/A

Instructions to Board Records
Original Resolution for Board Records, copy of stamped approved Agenda Memorandum and executed Resolution to Karen Stewart, Neighborhood Services.

Cost and Funds Source Account Number and Name
$82,764 EDI 107.0015806 TIFI 101.0015806

Amount and Frequency of Recurring Costs
Over a 5 year period


Attachment:  Project Sharp EdI Revision R-13-067.pdf
Attachment:  R 11 165 Executed Resolution.pdf