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

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


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

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