Okaloosa County BOCC — February 4, 2014 — Resolution (Building Industry Association of Okaloosa & Walton Counties)

PAST 2nd.VICE- PRESIDENT ___. Tey Hymict PRESIDENTIAL APPT. ‘Margaret Marasigh PRESIDENTIAL‘APPT, Debbie Moore’ PRESIDENTIAL APPT; THE BUILDING INDUSTRY ASSOCIATION OF OKALOOSA & WALTON COUNTIES, INC. Resolution of Building Industry Association Of Okaloosa-Walton Counties, Inc. Supporting a Tax Increment Financing District For North Okaloosa County WHEREAS, one of the purposes of our Association is to support economic and community development; WHEREAS, we understand that efficient transportation across and through Okaloosa County is essential to meeting the obligations of government to its citizens; WHEREAS, Okaloosa County and its cities are challenged to meet operating budgets while providing funds for essential capital improvements including transportation; WHEREAS, State and Federal dollars are often conditioned upon the ability and willingness of local governments to make local contributions to these expenses; WHEREAS, North Okaloosa County is an important entry point for visitors going south; WHEREAS, military development in and around Crestview have made relief from congestion in that area a County priority; and WHEREAS, our Board studied the potential benefits of Tax Increment Financing and we believe it will produce a significant community savings plan for transportation facilities while providing minimal intrusion on the operating budget for counties and cities. NOW THEREFORE we resolve the following: 1. We endorse the plan to create a Tax Increment Financing District to promote construction of a western by-pass road system in and around Crestview. 2. We endorse a plan for Tax Increment Financing that will permit the County, in partnership with the City of Crestview, to allocate income from future appreciation in real property within the District to be set aside for funding a P.J. Adams/Antioch corridor in the Crestview area. This Resolution made and approved Aus 222", 2013. By‘ Eric R. Babin, President Building Industry Association of Okaloosa- Walton Counties, Inc. s 1980 LEWIS TURNER BOULEVARD ~ FORT WALTON BEACH, FL 32547 ~ (850) 863-5107 ~ Fax (650) 864-2037 RIC BABI 13 PRESIDENT BIAOW.ORt ALAN BA‘ VE Vi IDENT