Okaloosa County BOCC — February 11, 2013 — Exhibit A - Resolution — reading text

Exhibit A QUALIFIED TARGET INDUSTRY TAX REFUND PROGRAM RESOLUTION NO. _____________________ A RESOLUTION BY THE GOVERNING BOARD OF OKALOOSA COUNTY, FLORIDA, RECOMMENDING THAT PROJECT TALKING PARENTS, BE APPROVED AS A QUALIFIED APPLICANT PURSUANT TO §288.106, FLORIDA STATUTES; AND PROVIDING AD VALOREM TAX EXEMPTION OF $18,900 AS LOCAL PARTICIPATION IN THE QUALIFIED TARGET INDUSTRY TAX REFUND PROGRAM WITH HIGH-IMPACT SECTOR BONUS FOR FISCAL YEAR(S) 2014 to 2023, AND PROVIDING FOR AN EFFECTIVE DATE. THE AD VALOREM TAX EXEMPTION YEAR TO YEAR VALUE SHALL BE: 2014 $2,529 2015 $2,404 2016 $2,256 2017 $2,054 2018 $1,904 2019 $1,765 2020 $1,625 2021 $1,510 2022 $1,443 2023 $1,410 BE IT RESOLVED BY THE GOVERNING BOARD OF OKALOOSA, FLORIDA as follows: WHEREAS, the business under consideration is an Information Technology company, specifically, Project Talking Parents; and WHEREAS, Project Talking Parents’ company was first established in the Okaloosa County, Florida area in 2001, is currently located in Fort Walton Beach, Florida and has 30 employees; and WHEREAS, Project Talking Parents is considering an expansion of 20 full time employees through the 2015 time frame, to create high-wage job opportunities and will commit to pay an average wage of $56,500; and WHEREAS, Project Talking Parents has been identified as a Target Industry Business and, moreover, falls within one of the high-impact sectors designated under Florida Statute 288.108, specifically Information Technology and is eligible to apply for the Qualified Target Industry Tax Refund with a High-Impact Sector Bonus, pursuant to s.288.106; and WHEREAS, it is understood by the county that the local participation is required and understood under the provisions of s. 288.106, Florida Statutes, governing the State’s Qualified Target Industry Tax Refund Program; NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BOARD OF OKALOOSA COUNTY, FLORIDA that the Board hereby recommends Project Talking Parents be approved as a Qualified Business pursuant to S.288-106, Florida Statutes for the creation of 20 new jobs. BE IT FURTHER RESOLVED, that the Governing Board of Okaloosa County has determined the basis of this project’s average private sector wage commitment calculation shall be 159% of the average annual wage in Okaloosa County; and  Exhibit A BE IT FURTHER RESOLVED that the necessary commitment of local financial support for the Qualified Target Industry Tax Refund with High-Impact Sector Bonus exists for Project Talking Parents in the amount of $18,900, which includes $12,000 for the Qualified Target Industry Tax Refund and $6,900 for the High-Impact Sector Refund. This amount will be made available via county ad valorem tax exemption, as authorized under Section 196.1995 Florida Statutes. The County has authorized a tax exemption for Project Talking Parents for a term of 10 years as provided by the aforesaid statute. This resolution shall take effect immediately upon its adoption. DULY ADOPTED BY THE GOVERNING BOARD OF OKALOOSA COUNTY, FLORIDA this 16th day of April, 2013. Okaloosa County, Florida Board of County Commissioners ___________________________________ Don Amunds, Chairman ATTEST: _________________________________ Don Howard, Clerk of Courts