R13-082 ii
1 RESOLUTION NO. R13 -082
2
3 A RESOLUTION OF THE CITY COMMISSION OF
4 BOYNTON BEACH, FLORIDA, RECOMMENDING
5 PROJECT FINISH BE APPROVED AS A QUALIFIED
6 TARGET INDUSTRY BUSINESS PURSUANT TO
7 S.288.106, FLORIDA STATUTES; PROVIDING FOR
8 LOCAL FINANCIAL SUPPORT IN THE FORM OF CASH;
9 PROVIDING FOR AN EFFECTIVE DATE.
10 `
11 WHEREAS, the business under consideration is a manufacturing business, specifically,
12 Project Finish; and
13
14 WHEREAS, Project Finish has been identified as a Target Industry Business; and
15
16 WHEREAS, Project Finish desires to relocate their company to Quantum Park within
17 the municipal boundaries of the City of Boynton Beach; and
18
19 WHEREAS, The City of Boynton Beach hereby acknowledges that local financial
20 support of 20% of the total tax refund of $21,000 is required under the provisions of s.288.106,
21 Florida Statutes, governing the State's Qualified Target Industry Tax Refund Program; and
22
23 WHEREAS, The City of Boynton Beach has committed to provide $21,000 which is
24 100% of the required QTI local financial support.
25
26 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
27 THE CITY OF BOYNTON BEACH FLORIDA, THAT:
28
29 Section 1. The foregoing "Whereas" clauses are hereby ratified and confirmed as
30 being true and correct and are hereby made a specific part of this Resolution upon adoption
31 hereof.
32
33 Section 2. The City Commission hereby recommends Project Finish be approved as a
34 Qualified Target Industry Business pursuant to s.288.106, Florida Statutes.
35
36 Section 3. The City Commission of the City Of Boynton Beach has determined the
37 basis of this project's average private sector wage commitment calculation shall be 115% of the
38 State of Florida average annual wage.
39
40 Section 4. The necessary cash commitment of local financial support for the
41 Qualified Target Industry Tax Refund Program exists for Project Finish in the amount of
42 $21,000; that this amount will be made available in accordance with the guidelines set forth by
43 the Department of Economic Opportunity with the stipulation that these funds are intended to
44 represent the "local financial support" required by s.288. 106, Florida Statutes.
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11
1
2 Section 5. This Resolution shall become effective immediately upon passage.
3 ! PASSED AND ADOPTED this 20 day of August, 2013.
5
6 CITY OF BOYNTON BEACH, FLORIDA
7
8
10 Ma r — Jerry ayl
11
12
13 </Z VA
14 - ' e Mayor — Woodfw L. Ha
,� y y
15
16
17 1 %11
18 '7 's ion r — Davie , J erker
19
20
21 '(1j
22 Commissioner — M' hael M. Fi Patrick
23
24 �.
25
26 Co missioner — Joe Casello
27 ATTEST:
28
29
30 '
31 OtAta--t- • 32 M. Prainito, MMC
33 lerk
34
35
36 �r -
37 ' 4
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