HomeMy WebLinkAboutCity of Tamarac Resolution R-2013-020Temp Reso #12309
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February 4, 2013
CITY OF TAMARAC, FLORIDA
RESOLUTION R-2013-
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF TAMARAC, FLORIDA, RECOMMENDING APPROVAL OF
PROJECT MONODOSE FOR A QUALIFIED TARGET
INDUSTRY TAX REFUND; RECOMMENDING PROJECT
MONODOSE 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 Enterprise Florida, Inc. ("Enterprise Florida"),
offers tax refunds to local businesses as an incentive for the creation of new jobs in Qualified
Target Industries within the state;
WHEREAS, for businesses to be eligible for a Qualified Target Industry Tax Refund
they must: 1) apply to Enterprise Florida 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;
WHEREAS, Project Monodose, a qualified applicant under Section 288.106, Florida
Statutes, plans to create positions within a qualified industry consistent with the requirements
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February 4, 2013
of the Qualified Target Industry Tax Refund;
WHEREAS, Project Monodose applied to Enterprise Florida for a Qualified Target
Industry Tax Refund in support of expansion into a qualified industry;
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;
WHEREAS, the total Qualified Target Industry Tax Refund to be granted to Project
Monodose pursuant to Section 288.106, Florida Statutes, is expected to be Five Hundred
Thousand Dollars ($500,000);
WHEREAS, in furtherance of its application, Project Monodose requires a resolution
from the City Commission recommending Project Monodose for the incentive and committing
the City to providing a match of funds equaling ten percent (10%) of the tax refund;
WHEREAS, the City Commission finds it is in the best interests of the residents of the
City of Tamarac, to recommend Project Monodose for receipt of a Qualified Target Industry
Tax Refund and commit the City to providing a match of funds equaling ten percent (10%) of
the tax refund;
WHEREAS, it is the recommendation of the Director of Community Development and
the Economic Development Manager that Project Monodose receive a Qualified Target
Industry Tax Refund for the creation of one hundred (100) jobs and $50 million capital
investment.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY
OF TAMARAC, FLORIDA, AS FOLLOWS:
Section 1. The foregoing "WHEREAS" clauses are true and correct and hereby
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February 4, 2013
ratified and confirmed by the City Commission.
Section 2. The City Commission of the City of Tamarac, Florida, hereby
recommends Project Monodose as a Qualified Target Industry Business and recommends
Project Monodose for receipt of a Qualified Target Industry Tax Refund.
Section 3. The City Commission of the City of Tamarac, Florida, commits the
City to payment of a local match to Project Monodose up to Fifty Thousand Dollars
($50,000), equaling ten percent (10%) of the applicable Qualified Target Industry Tax
Refund to be awarded Project Monodose 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 Monodose funds up to Fifty Thousand Dollars ($50,000),
equaling ten percent (10%) of the Qualified Target Industry Tax Refund to be awarded
Project Monodose 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.
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
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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 w, DAY OF FEBRUARY, 2013.
ATTEST:
7
PATRICIA TEUFEL,
INTERIM CITY CLERK
I HEREBY CERTIFY that I
Have approved this
RESOL TION as to4prm
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SAMUEL S. GORE
CITY ATTORNEY
CITY AM AC, FLORIDA
V' �A/�l�
BETH TALABISCO, MAY
B. TALABISCO
P. ATKINS-GRAD
P. BUSHNELL
D. GLASSERJ
H. DRESSLER