|Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - May 7, 2013|
Agenda Item #22
EDI Revision - Project PIONEER - R-13-085
Contact and/or Presenter Information
Economic Development Program Manager
Authorization to rescind Resolution R-12-091 and to adopt Resolution R-13-085, finding that Project PIONEER is approved for an Economic Development Incentive Grant.
F.S. 288.106 Qualified Target Industry tax refund program
Manatee County Economic Development Program
Project PIONEER intends to create 250 jobs over a four-year period, with an average annual wage that is at least 25% over the average annual wage in Manatee County.
Project Pioneer has requested a revision to the estimated payment for the Transportation Impact Fee Incentive (TIFI) based on updated information.
Resolution R-13-085 is being presented to rescind Resolution R-12-091 which will increase the TIFI payment in the amount of $23,372.
The estimated TIFI was originally approved in the amount of $46,876 (proposed 220,000 sf building area). The updated estimated TIFI payment is $70,248 (actual 329,675 sf building area) based on building permits approved, which is an increase of $23,372.
Manatee County staff will be responsible for monitoring all EDI / TIFI Grant requirements, as well as processing the invoice 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-13-085.
The County's commitment will require future budget appropriations beginning in FY 2012-2013 through FY 2016-2017, if all employment conditions are met. For the last few years we have appropriated monies annually to be set aside for economic development incentives such as state and local EDI / TIFI programs where applicable and will continue to ensure that reserves are set aside for this purpose and carried forward to fund the County's future obligations ($445,248) for this application.
County Attorney Review
Not Reviewed (No apparent legal issues)
Explanation of Other
Instructions to Board Records
Original executed Resolution to Board Records. Copy of Resolution and stamped approved agenda memo to Karen Stewart (email@example.com), Neighborhood Services Department.
Cost and Funds Source Account Number and Name
Amount and Frequency of Recurring Costs
Attachment: ProjectPIONEERResolutionEDI rev R-13-085.pdf
Attachment: Pioneer Resolution R-12-091.pdf