HomeMy WebLinkAboutR-2001-194EXHIBIT "A" TEMP RESO #9065
City of Tamarac
7525 N.W. 88th Avenue, Tamarac, Florida 33321-2401
Telephone: (954) 724-1230 -, Facsimile (954) 724-2454
Jeffrey L. Miller
City Manager July 12, 2001
jeffm@tamarac.org
Mr. Steven Kovacs
President
International Bullion and Metal Brokers, Inc.
49 VVes+ 24th Street
Fifth Floor
New York, New York 10010
Dear Mr. Kovacs:
I am pleased to inform you that the Mayor and City Commission approved
Resolution No. R-2001-194 at the regular City Commission meeting held on July
11, 2001. This Resolution approved economic incentives to partially defray the
expenses of International Bullion and Metal Brokers, Inc. (IBB) to relocate to the
City of Tamarac.
This letter is to serve as the agreement which was authorized by
Resolution No. R-2001-194 that contains the conditions by which the relocation
expenses would be paid by the City of Tamarac to IBB and provides the
delineation of review fees which will be waived by the City of Tamarac for IBB. I
have attached a copy of this Resolution for your records.
The Resolution authorized the City Manager to enter into an Agreement
between IBB and the City for the reimbursement of relocation expenses in an
amount not to exceed $25,000.00. The amount of the reimbursement will be
based on receipts presented by the Company to the City documenting moving
and other relocation expenses. Upon issuance of the Certificate of Occupancy,
the Company may submit documentation for the reimbursement of expenses.
The Resolution also authorized the City Manager to enter into an
Agreement between the City and IBB for the waiver of permit fees in the amount
of $75,00.00. The fees to be waived are as follows:
Community Development
Site Plan Processing ................................... $2,250.00
Traffic Impact ............................................... $8,240.00
Streetscape Improvement ........................... $3,636.00
Equal Opportunity Employer
Mr. Steven Kovacs
International Bullion and Metal Brokers, Inc.
July 12, 2001
Page 2
Engineering Department
Paving & Drainage (Partial Waiver) .......... $24,000.00
Water & Wastewater (Partial Waiver)........ $14,000.00
Building Department
Permit Fee (Partial Waiver) ....................... $22,074.00
TOTAL $75,000.00
IBB will be required to refund the relocation expenses paid by the City to
IBB, if the company should relocate from the City of Tamarac according to the
schedule as follows; First Year — 100%, Second Year — 80%, Third Year — 60%,
Fourth Year — 40%, and Fifth Year — 20%.
IBB will also be required to refund the fees waived by the City for the
construction of the IBB building should the building be sold to another entity
according to the following schedule; First Year — 100%, Second Year — 80%,
Third Year — 60%, Fourth Year — 40%, and Fifth Year — 20%.
Should you have any questions regarding this matter, please contact J.
Christopher King, Director of Community Development at (954) 724-1292. The
City of Tamarac looks forward to working closely with IBB in its relocation to the
City of Tamarac.
Sincerely,
Jeffrey L. Miller
City Manager
c: Patricia A. Jeziorek
Enclosure
Mr. Steven Kovacs
International Bullion and Metal Brokers, Inc.
July 12, 2001
Page 3
The parties listed below have agreed to the assistance in defraying moving and
other relocationgxpenses and the fee waivers as presented in this letter.
Mr. Steven Kovacs
International Bullion and Metal Brokers, Inc.
r. J. Christ pher King Mr. effrey L. Miller
Director of Community Development City Manager