Fort Walton Beach Council agenda — 01-07-12 retreat — reading text

groundwater samples; installation of up to 5 air sparge locations, targeting areas with concentrations above FDEP NADCs; connection of sparge points to air sparge system and run sparge system for a 6 -month period with the collection of monthly groundwater samples from 5 selected /perimeter well locations per event. After 6 -month operation, perform system shut -down for 3 months with monthly collection of groundwater samples from all site wells. If all site well concentrations' are below FDEP NADCs, then terminate and remove the air sparge system /operation and proceed with monitored natural attenuation final remedy selection NarnE d a` 2O c sVEER Q 3 -2 Namm 1., 2010' PES2Wvllon Rc+rI 1. P, N3ppY5inre F518 Lmilo Pimue IISPR Reo. an Po 0 PacketPg. 122  4.5 City Council of Fort Walton Beach 0 To: CITY MANAGER MEMORANDUM Robert T. Meares, City Manager From: Carole Jones, Executive Assistant Date: January 7, 2012 Subject: Business Retention/ Attraction Incentives ATTACHMENTS: CRA Economic Incentive Programs ( PDF) Prioritization of Economic Incentive Programs ( PDF) SIGNATURE BLOCK: Carole Jones Completed 12/ 22/ 201111: 51 AM Carole Jones Completed 12/ 22/ 2011 11: 51 AM City Manager Completed 12/ 22/ 2011 11: 54 AM City Council Pending Packet Pg. 123  F-4 .5.a CITY OF FORT WALTON BEACH MEMORANDUM To: Chairman and Board of Commissioners, Community Redevelopment Agency From: Michael D. Beedie, P.E., Engineering & Utility Services Director Date: October 28, 2010 Subject: Discussion of Possible Economic Incentive Programs 1. BACKGROUND: L1. In the FY 2010 -11 CRA budget, a total of $500, 000 was allocated towards Economic Incentive Programs in CIP 5608. 1. 2. Staff has begun investigating the various economic incentive programs in use throughout the State in other CRA Districts. 1. 3. At the 2010 Florida Redevelopment Association Annual Conference, the City of Delray Beach discussed the various economic incentive programs they have implemented. 2. DISCUSSION: 2. 1. The City of Delray Beach' s CRA District ( www.delraycra.ore) has implemented numerous economic incentive programs. Examples of Delray Beach' s programs include the following: 2. 1. 1. Economic Development Incentives 2. 1. 1. 1. Job Creation Bonus Program ( JCB) - New or existing non -retail businesses that bring a minimum of five new or relocated qualifying jobs to the CRA District may be eligible for an incentive equal to 5 %, 10% or 20 % of annual certifiable wages, paid out over a five -year period. 2. 1. 1. 2. Relocation & Development Incentive Program ( RDI) - Existing companies that relocate to the CRA District and bring a minimum of twenty -five (25) qualifying jobs may qualify for a grant equal to 20% of their eligible relocation expenses, up to $ 50,000. The grant is paid in one lump sum, within 90 days of the relocation after the jobs are in place. 2. 1. 1. 3. Land Value Investment Program ( LVI) - Public or private entities may lease CRA -owned land for up to 60 years at severely discounted rates during the first fifteen ( 15) years. In exchange, the developer builds a Pecker Pg. 124  F45. multi -story building with retail on the ground floor and Class A office space and other uses on additional floors. 2. 1. 1. 4. Real Estate Development Partnership Program ( REDP) - Developers and businesses intending to construct Class -A office space in the CRA District may receive an equity contribution from the CRA equal to approximately 10% of the project cost, to be paid back to the CRA after the project becomes profitable. 2. 1. 1. 5. Loan Interest Subsidy Program ( LIS) - The CRA will pay the first five years of interest charges on a loan for businesses located in the CRA District, up to $ 50,000 in targeted areas, and up to $ 25, 000 elsewhere throughout the District. 2. 1. 1. 6. Development Infrastructure Assistance Program ( DIA) - Private for - profit organizations may be reimbursed for up to 50% of the cost of eligible site improvements for a construction or renovation project that includes office space. The grant is not to exceed 50% of the projected Tax Increment Financing ( TIF) revenues generated by the project over a ten ( 10) year period. 2. 1. 2. Business Grants 2. 1. 2. 1. Site Development Assistance Program - This program offers a partial reimbursement for the cost of exterior improvements to commercial and multi- family buildings in the CRA District. 2. 1. 2.2. Business Development Assistance Program - New businesses in targeted areas may qualify for up to $ 500 in monthly rental assistance for 12 months during their first 18 months of operation. 2. 1. 2. 3. Historic Faqade Easement Grant Program - Businesses in the CRA District may receive up to $ 75, 000 toward the restoration and rehabilitation of contributing structures in historic districts or designated historic properties. In exchange, the CRA receives a permanent architectural easement on the fagade of the structure. 2. 1. 2. 4. Paint -Up Program - This program offers a 50% reimbursement of the cost of painting and pressure- cleaning commercial and multi -family properties in targeted areas, up to $ 5, 000. 2. 1. 2. 5. Business Incubator Services - The CRA will subsidize up to 75% of the cost of business incubator and technology services provided by the TED Center to business owners and residents of the CRA District. 2. 1. 3. Community Grants 2. 1. 3. 1. Community Sponsorship Program - The CRA makes small annual grants- up to $ 1, 500 — available to nonprofit community and cultural groups on that provide ongoing services that support the CRA mission within the CRA District. PaekM Pg. 125:  45. 2. 1. 3. 2. Curb Appeal Program - This program offers up to $ 10,000 to make minor structural and cosmetic exterior improvements to single- family homes in targeted areas in the CRA District. 2. 2. Staff is also researching other CRA Districts in the State to determine other possibilities for economic incentive programs. 3. FINANCIAL INFORMATION: 3. 1. In the FY 2010 -11 CRA budget, there is $ 500, 000 allocated to Economic Incentive Programs. The various programs will need to be developed by the CRA Board and Staff to determine the appropriate funding for each program. 4. RECOMMENDATION: 4. 1. Staff requests the CRA Board review the various examples for Economic Incentive Programs and provide direction to Staff to pursue the development of programs using the funding allocated in CIP 5608 —Economic Incentive Programs. 5. ATTACHMENTS: 5. 1. Example Economic Incentive Programs from City of Delray Beach 5. 1. 1. Job Creation Bonus Program 5. 1. 2. Relocation & Development Incentive Program 5. 1. 3. Real Estate Development Partnership Program 5. 1. 4. Loan Interest Subsidy Program 5. 1. 5. Development Infrastructure Assistance Program 5. 1. 6. Site Development Assistance Program 5. 1. 7. Business Development Assistance Program 5. 1. 8. Historic Pagade Easement Grant Program 5. 1. 9. Paint -Up Program Packet Pg. 126  4. 5. b CITY OF FORT WALTON BEACH MEMORANDUM To: Chairman and Board of Commissioners, Community Redevelopment Agency From: Michael D. Beedie, P. E., Engineering & Utility Services Director Date: