HomeMy WebLinkAboutCity of Tamarac Resolution R-2015-002Temp Reso #12592
December 10, 2014
Page 1
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-2015- ();-
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
TAMARAC, FLORIDA, RECOMMENDING APPROVAL OF PROJECT
TARPON FOR A QUALIFIED TARGET INDUSTRY TAX REFUND;
RECOMMENDING PROJECT TARPON AS A QUALIFIED TARGET
INDUSTRY BUSINESS PURSUANT TO SECTION 288.106, FLORIDA
STATUTES; COMMITTING THE CITY TO PAYMENT OF A PERCENTAGE
OF THE QUALIFIED TARGET INDUSTRY TAX REFUND AS A LOCAL
MATCH AS REQUIRED BY STATE STATUTE; AUTHORIZING CITY
OFFICIALS TO PROVIDE A LOCAL MATCH OR LOCAL FINANCIAL
SUPPORT FOR THE QUALIFIED TARGET INDUSTRY TAX REFUND IN
THE FORM OF CASH; PROVIDING FOR CONFLICTS; PROVIDING FOR
SEVERABILITY� AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the State of Florida, through State of Florida Department of Economic
Opportunity ("DEO"), offers tax refunds to local businesses as an incentive for the creation
of new jobs in Qualified Target Industries within the state; and
WHEREAS, for businesses to be eligible for a Qualified Target Industry Tax Refund
they must: 1) apply to DEO prior to making a decision to locate or expand in the state; 2)
be in a target industry; 3) demonstrate that the tax refund will make a material difference in
the company's decision to locate or expand in the state; 4) create at least ten (10) new full-
time equivalent Florida jobs or increase employment by ten percent (10%), 5) pay an
average annual wage that is 115% of the state, metropolitan statistical area, or local
average wages; 6) show that the added jobs make a significant economic contribution to
the area economy, and 7) provide a resolution from the appropriate city or county
commission recommending the applicant for the incentive and committing the city or
county to providing a match of funds equaling twenty percent (20%) of the tax refund; and
Temp Reso #12592
December 10, 2014
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WHEREAS, Project Tarpon, a qualified applicant under Section 288.106, Florida
Statutes, plans to create positions within a qualified industry consistent with the
requirements of the Qualified Target Industry Tax Refund; and
WHEREAS, Project Tarpon applied to DEO for a Qualified Target Industry Tax
Refund in support of expansion into a qualified industry; and
WHEREAS, Section 288.085(2), Florida Statutes, allows a qualified applicant to
make a written request that information concerning its plans and intentions to expand its
business activities in the state remain confidential and exempt from disclosure-, and
WHEREAS, the total Qualified Target Industry Tax Refund to be granted to Project
Tarpon pursuant to Section 288.106, Florida Statutes, is expected to be Forty Eight
Thousand and 00/100 Dollars ($48,000.00); and
WHEREAS, in furtherance of its application, Project Tarpon requires a resolution
from the City Commission recommending Project Tarpon for the incentive and committing
the City to providing a match of funds equaling twenty percent (20%) of the tax refund; and
WHEREAS, the City Commission finds it is in the best interests of the residents of
the City of Tamarac, to recommend Project Tarpon for receipt of a Qualified Target
Industry Tax Refund and commit the City to providing a match of funds equaling twenty
percent (20%) of the tax refund.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF TAMARAC, FLORIDA, AS FOLLOWS:
Temp Reso #12592
December 10, 2014
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Section 1. The foregoing "WHEREAS" clauses are true and correct and hereby
ratified and confirmed by the City Commission.
Section 2. The City Commission of the City of Tamarac, Florida, hereby
recommends Project Tarpon as a Qualified Target Industry Business and recommends
Project Tarpon for receipt of a Qualified Target Industry Tax Refund.
Section 3. The City Commission of the City of Tamarac, Florida, commits the
City to the payment of a local match to Project Tarpon up to Nine Thousand Six Hundred
and 00/100 Dollars ($9,600.00), through the payment of four (4) annual payments of Two
Thousand Four Hundred and 00/100 Dollars ($2,400.00), over a four (4) year period,
equaling twenty percent (20%) of the applicable Qualified Target Industry Tax Refund to
be awarded to Project Tarpon by Broward County and the State of Florida as a local
match to the Qualified Target Industry Tax Refund.
Section 4. The appropriate officials of the City of Tamarac, Florida, are hereby
authorized to distribute to Project Tarpon funds up to Nine Thousand Six Hundred and
00/100 Dollars ($9,600.00), through the payment of four (4) annual payments of Two
Thousand Four Hundred and 00/100 Dollars ($2,400.00), equaling twenty percent (20%)
of the Qualified Target Industry Tax Refund to be awarded to Project Tarpon by Broward
County and the State of Florida as a local match to the Qualified Target Industry Tax
Refund.
Section 5. All resolutions or parts of resolutions in conflict herewith are hereby
repealed to the extent of such conflict.
Temp Reso #12592
December 10, 2014
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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.
Section 7. This Resolution shall become effective immediately upon its passage
and adoption.
PASSED AND ADOPTED BY THE CITY COMMISSION OF THE CITY OF TAMARAC,
FLORIDA THIS DAY OF 2015.
HA Y RESSLER, MAYOR
ST-
11
PATRICIA TE EL, CMC
CITY CLERK
I HEREBY CERTIFY THAT I HAVE
APPROVED THIS RESOLUTION
AS TO FORM:
SA UEL S. G(*EN
CITY ATTORNEY
RECORD OF COMMISSION VOTE:
MAYOR DRESSLER
DIST 1:
V/M BUSHNELL
DIST 2:
COMM. GOMEZ
,
DIST 3:
COMM. GLASSER
._—
DIST 4:
COMM. PLACKO
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