Okaloosa County BOCC — June 16, 2015 — Public Hearing Request - Ad Valorem Tax Exemption for Project Rapid — agenda request
Public Hearing Request - Ad Valorem Tax Exemption for Project Rapid — agenda request in the June 16, 2015 Okaloosa County BOCC meeting materials. Preserved county-portal original with machine-extracted reading text.
Preserved among the June 16, 2015 Okaloosa County Board of County Commissioners meeting materials (IQM2 meeting 1263). The date shown is the verified meeting context, not an independently established creation date for every attachment. The download catalog used July 7, 2015; the meeting date was corrected using the agenda/minutes heading and matching source filename.
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Action Item Printout
Date
June 16, 2015
Publisher
Okaloosa County Board of County Commissioners
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1
Reference collection
Okaloosa County Board of County Commissioners (IQM2 public portal)
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Public Hearing Request - Ad Valorem Tax Exemption for Project Rapid — agenda request — extracted reading text
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Public Hearing Request - Ad Valorem Tax Exemption for Project Rapid — agenda request — extracted reading text
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BOARD OF COUNTY COMMISSIONERS
AGENDA REQUEST
DATE: June 16, 2015
TO: Honorable Chairman and Members of the Board
FROM: Roland Sims Jr.
SUBJECT: Public Hearing Request - Ad Valorem Tax Exemption for Project Rapid
DEPARTMENT: County Administrator
BCC DISTRICT: All
STATEMENT OF ISSUE: The Economic Development Council of Okaloosa County has been
working with an entity known as Project Rapid for the purpose of expanding its existing
operations with the County. Staff requests that the Board authorize the advertising of a public
hearing at the Board’s July 7, 2015 Board meeting for the consideration of an Ordinance
approving an ad valorem tax exemption for Project Rapid.
BACKGROUND AND ANALYSIS: Under the Florida Constitution and Florida Statutes, the
County has the authority to grant property tax exemptions provided that the voters have
authorized those actions. On August 26, 2014, the voters granted that authority to Okaloosa
County. Project Rapid is an existing custom manufacturing operation serving prime contractors
and commercial entities in Okaloosa County. Since beginning operations over 27 years ago, the
company now accommodates customers all over the world. Project Rapid is considering
purchasing equipment, with an estimated value of over $1.5 million which will allow them to
expand their workforce by 30 employees with an average wage of $41,000 (110% of the average
wage in Okaloosa County). If the company makes the decision to purchase the equipment and
expand its workforce in Okaloosa County, the company will create the 30 new full-time jobs
within the next 12 months. Furthermore, it should be noted that this company’s facility is located
in a designated Brownfield area, which is a targeted redevelopment area. To grant the ad
valorem tax exemption, the Board needs to adopt an Ordinance approving Project Rapid and
enter into an Economic Development Ad Valorem Tax Exemption Performance Agreement.
OPTIONS: Approve/Disapprove.
RECOMMENDATION: Authorize the scheduling and advertising of a public hearing for the
consideration of the adoption of an Ordinance granting an ad valorem tax exemption for Project
Ready.
RECOMMENDED BY:
APPROVED BY:
John Hofstad, County Administrator
Okaloosa County Board of County Commissioners. “Okaloosa County BOCC — June 16, 2015 — Public Hearing Request - Ad Valorem Tax Exemption for Project Rapid — agenda request.” June 16, 2015. Action Item Printout. Crypt of Echoes evidence ID LED-2026-5a5e61cce13f4e419d2ae8127f85b051. http://127.0.0.1:58097/evidence/LED-2026-5a5e61cce13f4e419d2ae8127f85b051. Accessed [date].
Catalogue citation: Okaloosa County Board of County Commissioners, Public Hearing Request - Ad Valorem Tax Exemption for Project Rapid — agenda request, meeting materials for June 16, 2015. https://okaloosacountyfl.iqm2.com/Citizens/FileOpen.aspx?Type=30&ID=14257&MeetingID=1263
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