Fort Walton Beach Council agenda — 12-08-2010 - regular — reading text

JA tip'ag 8`,0%= O' aCL ad CL z 4 j a M4% " N % 4- ag V d A U h 14 45—  y z ra a em x111 1 ° 4 y 3 Q Ours fto fs O) O O b0 m a o 0 0 0 t-- NL o I I I L Co co V O Th a w w 4 0 O W U J C3 fe 46-  CITY COUNCIL MEETING December 8, 2009 Consent Agenda Resolution 2009 -50. DRS 3C Systems Inc waiver of local financial support. Synopsis: EDC requests City adopt this resolution in lieu of Brownfieldfunding. Agenda Item Number: 3. 5  Page 1 ofX I Robert Mearns From: Larry Sassano [larrys @florida -edc.org] Sent: Thursday, December 03, 2009 3: 20 PM To: Robert Mearns Cc: ' Information from EDC'; Samantha Abell Subject: FW: Updated DRAFT for Brownfield Redevelopment Bonus Refund Attachments: BROWNFIELD REDEVELOPMENT BONUS REFUND 112509. rtf Good Afternoon Bob: We have finally verified the correct employment numbers for the DRS expansion in the Fort Walton Beach Commerce Park. The attached Resolution reflects the fact that the City of Fort Walton Beach supports DRS C3 Systems and the growth they have provided in' the Fort Walton Beach area. The Resolution by the City also is asking the State of Florida to approve the Brownfield Redevelopment Bonus Refund Program for DRS C3 Systems and that the County is eligible for the local financial support exemption option due to a continuous decrease in revenues from Ad Valorum taxes and other related fiscal restraints associated with operating a city budget. Bob, this last underlined section is there to show the City's support for DRS receiving State financial support but reflects the fact that the City cannot financially support funding for this expansion. If you would like to amend this last statement and word it any differently, please do so. I will call you to discuss this Resolution and answer any questions you may have. Larry Sassano From: Caroline McCoy [ mailto: caroline@florida -edc.org] Sent: Thursday, December 03, 2009 10: 49 AM To: ' Larry Sassano' Subject: FW: Updated DRAFT for Brownfield Redevelopment Bonus Refund Larry, I compared the two documents ( our original draft and their revisions) and they only made minor changes like: Removed the word " Metric" after their name Changed all the " DRS C 3 Systems" to "DRS C3 Systems" And put the word " approximately" in front of 875 and 86 Please let me know what your next step would be! Thanks! Caroline McCoy Director of Administration & Special Projects Economic Development Council of Okaloosa County, Florida 850 -362 -6467 mailto :carolineO florida- - edc.org http: / www.florida- / edc.org 4(0 0 , 12/ 3/ 2009  Page 2 of a 2 From: Rinsky, Jason ( SA -1) [ mailto: rinsky@drs. com] Sent: Wednesday, December 02, 2009 10: 04 AM To: Information from EDC; Larry Sassano Cc: Robert Sitterley; Epstein, Robbie ( DS -1); Crystal Sircy; Potts, Steven C ( DS -1) Subject: RE: Updated DRAFT for Brownfield Redevelopment Bonus Refund La rry, We have made some slight modifications to the resolution and are OK with you distributing it. Thanks and regards Zt7SOn W. Rinsky Senior Vice President, Corporate Taxation DRS Technologies, Inc. 5 Sylvan Way, Parsippany NJ 07054 Email: rinskyCD-drs. com 973) 898 -7249 ( phone) 973) 355 -3176 (fax) This communication is intended only for use by the addressee( s) named herein and may contain business confidential and /or legally privileged information. If you are not the intended recipient of this e -mail, you are hereby notified that any dissemination, distribution, disclosure or copying of this e- mail and its contents is strictly prohibited. If you have received this e-mail in error, kindly notify the sender by replying to this message. In. addition, please permanently delete the message and any attachments without c yi, g&qr disclosing the contents. Thank you for your cooperation.______._____ From: Information from EDC [ mailto: Info@florida -edc.org] Sent: Wednesday, November 25, 2009 12: 16 PM To: ' Larry Sassano'; Rinsky, Jason ( SA -1) Cc: ' Robert Sitterley'; Epstein,, Robbie ( DS -1); scox @drs- tcs. com; ' Crystal Sircy' Subject: Updated DRAFT for Brownfield Redevelopment Bonus Refund Mr. Rinsky, On behalf of Larry Sassano, attached you will find the updated DRAFT of the Brownfield Redevelopment Bonus Refund. Please let us know if there are any changes. If there are no changes, we will move forward. To all: Have a wonderful and safe Thanksgiving holiday! Best regards, Caroline McCoy Director of Administration & Special Projects Economic Development Council of Okaloosa County, Florida 850 -362 -6467 mai Ito: info(a florida -edc.org http_ /www.florida- / edc.oro L+ bb 12/ 3/ 2009  E I sE' 1 RESOLUTION NO 2009 -50 2 3 A RESOLUTION OF THE CITY OF FORT WALTON BEACH, FLORIDA 4 FINDING THAT DRS C3 SYSTEMS INC., BE APPROVED AS A QUALIFIED 5 APPLICANT PURSUANT TO SECTIONS 288.106 AND 2$8.107, FWRiDA 6 STA'T'UTES; AUTHORIZING A REQUEST FOR A LOCAL FINANCIAL 7 SUPPORT EXEMPTION OPTION; AND ESTABLISHING AN EFFECTIVE 8 DATE. 9 10 WHEREAS, the business under consideration is a defense electronics company, 11 specifically, DRS C3 Systems Inc.; and 12 13 WHEREAS, DRS C3 Systems Inc. is located at 645 Anchors Street, Fort Walton Beach, 14 FL and within an officially designated brownfield area; and 15 16 WHEREAS, DRS C3 Systems Inc. was first established in the Fort Walton Beach area in 17 1957. DRS currently employs approximately 875 full time employees and has added approximately 86 18 full time employees since the establishment of Fort Walton Beach' s Brownfield Redevelopment 19 Program and is projected to add as many as approximately 150 additional new full time employees 20 through the 2011 timeframe. DRS C3 Systems Inc' s provided steady defense electronics employment 21 throughout its 52 years in the Fort Walton Beach area. DRS provides product employment in the areas 22 of electronics manufacturing, airborne test and training, weapon system launch components, air cargo 23 and delivery systems; and 24 25 WHEREAS, DRS C3 Systems Inc. has maintained itself as one of the area's largest 26 private sector employers paying salaries considerably above the base wage of the County and 27 providing defense contract service to many of the military service groups; and WHEREAS, the DRS C3 Systems Inc. and the City of Fort Walton Beach, Florida requests a waiver from the local financial support requirement authorized under the Brownfield Redevelopment Bonus Refund Program pursuant to §§ 288, 106 and 288. 107, Florida Statutes; NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WALTON BEACH, FLORIDA THAT: Section 1. The City Council hereby recommends DRS C3 Systems Inc. be approved under the Brownfield Redevelopment Bonus Refund Program pursuant to §288. 107, Florida Statutes. 39 Section 2. The City Council acknowledges that 645 Anchors Street, Fort Walton 40 Beach, Florida is within a brownfield area which was officially designated by Resolution 2008 -38, 41 adopted October 14, 2008. The local financial support exemption option is available for this site and 42 the DRS C3 Systems Inc. project, as authorized under the Brownfield Redevelopment Bonus Refund 43 Program pursuant to §§ 288. 106 and 288. 107, Florida Statutes. The City is authorized to exercise and 44 request that option due to a continuous decrease in revenues from ad valorem taxes and other related 45 fiscal restraints associated with operating the city budget. 46 47 Section 3. The City Clerk is directed to provide certified copies of this Resolution to 48 the Okaloosa County Economic Development Council. 49 03 t , .' 16. 50 Section 4. This Resolution shall take effect immediately upon approval by the City 51 Council and signature of the Mayor. 52 53 54 Adopted by the City Council on this day of