HomeMy WebLinkAboutR-2015-003 - Recommends Project Red be approved as a Qualified Target Industry Business for an industry tax refund; affirms that the project site is in a designated Enterprise Zone RESOLUTION NO. 2015-003
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA
BEACH, FLORIDA, RECOMMENDING PROJECT RED BE APPROVED AS
A QUALIFIED TARGET INDUSTRY BUSINESS FOR AN INDUSTRY TAX
REFUND, PURSUANT TO SEC. 288.106, FLORIDA STATUTES;
AFFIRMING THAT THE SITE OF THE PROJECT IS IN A DESIGNATED
ENTERPRISE ZONE; PROVIDING FOR LOCAL FINANCIAL SUPPORT IN
THE FORM OF CASH; PROVIDING FOR CONFLICTS; FURTHER,
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, there is a business under consideration for designation as a qualified target
industry business which is a transportation logistics business, specifically known and referred to
as "Project Red"; and
WHEREAS, Project Red plans to grow its Southeastern sales and service operation by
creating 60 new jobs and locating in the City of Dania Beach; and
WHEREAS, Project Red has been identified as a"Target Industry Business"; and
WHEREAS, Project Red intends to locate in an Enterprise Zone designated pursuant to
Section 290.0065, Florida Statutes, within Dania Beach, specifically EZ0601, located at 1855
Griffin Road, Dania Beach, FL 33004; and
WHEREAS, as a result of this location, Project Red is eligible to apply for the Qualified
Target Industry Tax Refund for an Enterprise Zone location, pursuant to Section 288.106(3)(b)1.,
Florida Statutes; and
WHEREAS, the City Commission of the City of Dania Beach acknowledges that local
financial support of 10 percent of the total tax refund is required under the provisions of Section
288.106, Florida Statutes, governing the State's Qualified Target Industry Tax Refund Program;
and
WHEREAS,the City Commission of Dania Beach will contribute local financial support
in the form of cash for the Qualified Targeted Industry Tax Refund for an Enterprise Zone
location;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
DANIA BEACH, FLORIDA:
Section 1. The City Commission recommends Project Red be approved as a
Qualified Target Industry Business pursuant to Section 288.106, Florida Statutes.
Section 2. That the County Commission of Broward County has determined the basis
of this project's average private sector wage commitment calculation shall be 115% of the
Broward County average annual wage.
Section 3. That a cash commitment of local financial support by the City of Dania
Beach for the Qualified Target Industry Tax Refund for an Enterprise Zone location exists for
Project Red in the amount of$36,000.00. This amount will be made available over a period of
three years in accordance with the guidelines set forth by the Florida Department of Economic
Opportunity with the stipulation that these funds are intended to represent local financial support
pursuant to Section 288.106, Florida Statutes.
Section 4. That all resolutions or parts of resolutions in conflict with this Resolution
are repealed to such extent of such conflict.
Section 5. That this Resolution shall become effective immediately upon its passage
and adoption.
PASSED AND ADOPTED on January 27, 2015.
ATTEST: ���'s F1STC'��
LOUISE STILSON, CMC O A. SALVINO, SR.
CITY CLERK A&YOR
APPROVED AS TO ORMAYD CORRECTNESS:
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THO J. BR
CITY ATTOANEY
2 RESOLUTION 42015-003