HomeMy WebLinkAboutCity of Tamarac Resolution R-2000-037January 25, 2000 - Temp Reso #8902 1
Revision No. 1 - February 3, 2000
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-2000- 3 7
A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF TAMARAC, FLORIDA,
AUTHORIZING THE APPROPRIATE CITY
OFFICIALS TO APPROVE ECONOMIC
DEVELOPMENT INCENTIVES NOT TO EXCEED
$60,000 INCLUDING DESIGNATION AS AN
ECONOMIC DEVELOPMENT PROJECT FOR
THE PURPOSE OF EXPEDITED PERMITTING
AND TO ASSIST IN ACQUIRING INDUSTRIAL
DEVELOPMENT REVENUE BONDS FOR
SONNY'S ENTERPRISES, INC. TO RELOCATE
TO THE WESTPOINT CENTRE AT THE
TAMARAC COMMERCE PARK; CASE NO. 3-MI-
00; PROVIDING FOR CONFLICTS; PROVIDING
FOR SEVERABILITY; AND PROVIDING FORAN
EFFECTIVE DATE.
WHEREAS, economic welfare is one of the main concerns of a modern city; and
WHEREAS, the relocation of Sonny's Enterprises, Inc. will encourage the economic
revitalization of the City of Tamarac by providing employment for one -hundred and eleven
(111) employees; and
WHEREAS, Sonny's Enterprises, Inc. will stimulate the City's economy by
contributing to the utilization of local housing and commercial establishments; and
WHEREAS, utilization of local housing and commercial establishments will result in
additional property tax revenue to the City; and
WHEREAS, the relocation of Sonny's Enterprises, Inc. to the City of Tamarac will
stimulate additional economic development in the City which will ultimately result in
January 25, 2000 - Temp Reso #8902 2
Revision No. 1 -- February 3, 2000
increased property taxes to the City from the Westpoint DRI; and
WHEREAS, the City of Tamarac will realize revenue from real property
improvements which would not have been made but for the relocation of Sonny's
Enterprises, Inc. to the City of Tamarac; and
WHEREAS, the Mayor and City Commission of the City of Tamarac have long
recognized the importance of the Tamarac Commerce Park to the economic vitality of the
City; and
WHEREAS, the City of Tamarac has previously offered incentives to companies
who provide a significant economic impact to the City; and
WHEREAS, the City was contacted by Paul Fazio, President, Sonny's Enterprises,
Inc. regarding the potential of moving their South Florida operations to the City of Tamarac;
WHEREAS, the Director of Community Development met with representatives of
Sonny's Enterprises, Inc. to determine if the City could assist in the company's desire to
relocate to the City of Tamarac; and
WHEREAS, after meetings and discussions, the Director of Community
Development concluded that it would be in the City's interest to assist Sonny's Enterprises,
Inc. with relocation to the City of Tamarac; and
WHEREAS, it is the recommendation of the City Manager and the Director of
Community Development that the City Commission recommend that certain review and
permit fees be waived in an amount not to exceed $60,000; and
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Revision No. 1 - February 3, 2000
WHEREAS, the developer of this project, Higgins Development Partners, LLC,
agrees to refund the fee waivers granted by the City should the building be unoccupied and
sold to another entity according to the schedule as follows: First Year -- 100%, Second
Year - 80%, Third Year - 60%, Fourth Year - 40%, and Fifth Year - 20%; and
WHEREAS, the recommendation is based on several facts/assumptions, including
(1) that the City will generate an estimated $169,588 during the first year of operation of
Sonny's Enterprises Inc; (2) that a total of $196,291 will be generated over the first three
(3) years; (3) that this project will stimulate additional economic development in the
Westpoint DRI, as well as enhance the image of the City; and
WHEREAS, the City Commission of the City of Tamarac, Florida deems it to be in
the best interests of the citizens and residents of the City of Tamarac to approve Economic
Development Incentives not to exceed $60,000 including designation as an Economic
Development Project for the purpose of expedited permitting and to assist in acquiring
Industrial Development Revenue Bonds for Sonny's Enterprises, Inc. to relocate to the
Westpoint Centre at the Tamarac Commerce Park; Case No. 3-MI-00.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF TAMARAC, FLORIDA:
SECTION 1: The foregoing "WHEREAS" clauses are hereby ratified and
confirmed as being true and correct and are hereby made a specific part of this Resolution.
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Revision No. 1 - February 3, 2000
SECTION 2: That Higgins Development Partners, LLC agrees to refund the
fee waivers granted by the City should the building be unoccupied and sold to another
entity according to the schedule as follows: First Year -100%, Second Year- 80%, Third
Year - 60%, Fourth Year - 40%, and Fifth Year - 20%.
SECTION 3: That the City Manager is authorized to waive various review and
permit fees in an amount not to exceed $60,000.
SECTION 4: That the City Manager is authorized to sign Agreements with
Sonny's Enterprises, Inc. and the appropriate officers of Higgins Development Partners,
LLC which delineates the relevant substantive parts of this Resolution.
SECTION 5: All resolutions or parts of resolutions in conflict herewith are
hereby repealed to the extent of such conflict.
SECTION 6: If any clause, section, other part or application of this Resolution
is held by any court of competent jurisdiction to be unconstitutional or invalid, in part or
application, it shall not affect the validity of the remaining portions or applications of this
Resolution.
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SECTION 7:
passage and adoption.
January 25, 2000 - Temp Reso #8902 5
Revision No. 1 - February 3, 2000
This Resolution shall become effective immediately upon its
PASSED, ADOPTED AND APPROVED this day of , 2000.
ATTEST:
CAROL GOLD, MC/AAE
CITY CLERK
I HEREBY CERTIFY that I
Have approved this ,
Rl]�SdLUTION as to form.
MITCHELL B. K
CITY ATTORN
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JOE SCHREIBER
MAYOR
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