Okaloosa County BOCC — January 5, 2016 — Ordinance with Attachments — reading text

location only 39000 by [facility-one (1) location only $500,000 = [92 % 12 For office space owned and used by a |Date of incorporation Number of full-time corporation newly domiciled in Florida |in Florida employees at this location | hereby request the adoption of an ordinance granting an exemption from ad valorem taxation on the above property pursuant to Section 196.1995, Florida Statutes. | agree to furnish such other reasonable information as the Board of County Commissioners, the governing authority of the municipality, or the Property Appraiser may request in regard to the exemption requested herein. | hereby certify that the information and valuation stated above by me is true, correct, and complete to the best of my knowledge and belief. (If prepared by someone other than the taxpayer, his declaration is based on all information of which he has any knowledge.) Date 11/02/2015 Signature, preparer Removed to protect confidentiality ] o P i Removed to protect confidentiality —— Removed to protect confidentiality feparers address ¢t Walton Beach, FL 32548 Tite ~ Owner Preparer's telephone number 850-. Confidential Property Appraiser’s Use Only | |Total revenue available to the county or municipality for the current fiscal year from ad valorem tax sources $ g |l |Revenue lost to the county or municipality for the current fiscal year by virtue of exemptions previously granted under this section @' " Estimate of the revenue which would be lost to the county or municipality during the current fiscal year if the exemption applied for were granted and the property for which the exemption is requested would otherwise have been subject to taxation @, IV |Estimate of the taxable value lost to the county or municipality if the exemption applied for was granted Improvements to real property $/0, 5 8§ Personal property $34 .95 6 V |l have determined that the property listed above meets the definition, as defined by Section 196.01 2(1 5) or (16), Florida Statutes, as a [Inewbusiness ~ [Xfexpansion of an existing business [ |neither VI |Last year for which exemption may be applied [ ]Ol2 (] Application to be filed not later than March 1 sz .5/'1- H‘ b‘/ 7’/0&4 MQ’Q/ Date Sidnature, Property Appraiser ©“ ) EX "AY".TO ACGREEMENT TPP & Real Property Taxes-County Project Veteran's Pride/County - City Abatements (10-Year Duration) Property Appraiser "Exhibit A" 2017 Tax Start Year TPP & Real Property Taxes-FWB TPP & Real Property-County Portion Total Asmt Abatable Tax Per Year Amount/Year 2017 Taxable Value 515,682 1,769 1,769 2018 Taxable Value 583,989 2,004 3,773 2019 Taxable Value 672,028 2,306 6,078 2020 Taxable Value 730,775 2,507 8,585 2021 Taxable Value 679,222 2,330 10,916 2022 Taxable Value 602,806 2,068 12,984 2023 Taxable Value 523,961 1,798 14,781 2024 Taxable Value 448,825 1,540 16,321 2025 Taxable Value 389,231 1,335 17,657 2026 Taxable Value 347,051 1,191 18,847 TPP & Real Property-City of FWB Portion TolaliAsm Abatable Tax Per Year* Amount/Year 2017 Taxable Value 515,682 2,975 2,975 2018 Taxable Value 583,989 3,369 6,345 2019 Taxable Value 672,028 3,877 10,222 2020 Taxable Value 730,775 4,216 14,439 2021 Taxable Value 679,222 3,919 18,357 2022 Taxable Value 602,806 3,478 21,835 2023 Taxable Value 523,961 3,023 24,859 2024 Taxable Value 448,825 2,590 27,448 2025 Taxable Value 389,231 2,246 29,694 2026 Taxable Value 347,051 2,002 31,696 2015 Millage Rates Applied (County Portion: 3.4308/City of FWB: 5.7697) Assumes No Change to Millage Rate or TPP Index Rates Estimate is based on Market at this time for building information provided Assumes market value is consisitent for 10 years Economic Development Ad Valorem Tax Exemption Supplemental Application NOTICE: This supplement application is to be used by the Applicant to provide additional information for review by the governing bodies in Okaloosa County and the entities involved with the process. The Department of Revenue DR-418 form must accompany this application for formal review by the Okaloosa County Property Appraiser’s office. Access the DR-418 at hittp.//dor.myflorida.com/dor/property/forms/current/drd 18.pdf 1. BUSINESS INFORMATION A. B. Legal name of the Applicant: ~ Removed to protect confidentiality Confidentiality Request in place: Yes No[] If yes, project name? Veteran's Pride Business Address: city Fort Walton Beach State/Province FL Zip Code 32548 . Type of Business Confidential and Distribution 2. PROJECT OVERVIEW A. Which of the following best describes the Applicant: [:l New business to Florida X Existing Florida business creating and/or retaining jobs What is the decision making timeframe of the Project? 1st Quarter 2016 Please provide the address of the proposed permanent location of the project: 656 Lovejoy Road city Fort Walton Beach State/Province FL Zip Code 32548 Within city or town limits? Yes [X] No[_] If yes, which city/town? City of Fort Walton Beach Number of existing full-time employees? N/A Average wage of existing employees? N/A 3. JOB AND WAGE OVERVIEW How many, new to Okaloosa, Full-Time Equivalent Jobs are projected to be created as part of 11 this Project? What is the projected annualized average wage (excluding benefits) of the new Full-Time Equivalent jobs created as part of this Project? 543,091 What is the projected annualized average cost to the Applicant of benefits for each new job created as part of this Project? 52,468 Provide the job creation schedule to which you commit. If your job creation schedule extends past 3 years, please feel free to add additional rows. Phase Number of net new full-time equivalent jobs created Date by which jobs will be created | 4 12/31/2016 I 2 12/31/2017 1} 2 12/31/2018 v 2 12/31/2019 \'J 1 12/31/2020 Total 11 4. CAPITAL INVESTMENT OVERVIEW Describe the capital investment in connection with the Project in real and personal property (Examples: construction of new facility; remodeling of facility; upgrading, replacing, or buying new equipment.): intends to purchase a new existing building and renovation and improve the building to meet the needs of the production and distribution. It is estimated that the company will spend $625,000 on the building purchase, $770,376 on equipment to include a Confidential and associated equipment and approximately $210,000 in building improvements. The company will also spend an additional $80,000 on other pieces of non manufacturing equipment. The total estimated capital investment for this project is estimated at $1,685,376. Identify whether the Project will be located in a/an: Il Leased space with renovations or build out |_—_| Newly constructed building(s) on newly acquired land ] Newly constructed building(s) on previously acquired land 4| Newly acquired existing building(s) with renovations Please contact the Economic Development Council of Okaloosa County prior to completing this application. The Economic Development Council must formally present these documents to the respective governing bodies with a completed’signed DR-418 and exemption schedule ffom the Property Appratser. Economic Development Ad Valorem Tax Exemption Supplemental Application N O Other (please describe in 4A above) C. New construction value: D. E. Value of new equipment or machinery: E. What year will the last piece of equipment be purchased? SIGNATURES What year will renovations or construction for this project end? The undersigned person hereby affirms that he or she has been duly authorized and empowered to verify, execute and deliver this Application, that he or she has read this Application (including all attachments hereto) and he or she has knowledge of all of the facts stated herein, and that this Application, and all information submitted in connection herewith, is complete and accurate and contains no misstatements, misrepresentations, or omissions of material facts, to the best of his or her knowledge and belief. Addition to previously acquired existing building(s) $210,000 2020 $850,376 2020 Removed to protect confidentiality P P Signature ot o Y Date Removed to protect confidentiality 850- Removed to protect confidentiality Name Phone Number Owner Confidential J.com Title E-mail Address Removed to protect confidentiality Company ANNUAL RENEWAL PROCESS CONTACT INFORMATION Please identify the contact information for the EDATE Annual Renewal Process (individual responsible for renewal process) Removed to protect confidentiality Owner Name Title 850-_ Removed to protect confidentiality Confidential .com Phone Number E-Mail Address Removed to protect confidentiality Fort Walton Beach, FL 32548 Mailing Address ***Please he sure to attach the proper incentive attachment sheet(DR-418)*** Please comact the Economic Development Council of Okaloosa County prior 1o completing this application. The Economic Development Council must formally present these documents to the respective governing bodies with a completed,signed DR-418 and exemption schedule from the Property Appraiser.