Fort Walton Beach Resolution — 2011-09-Ft. Walton Machining approval for Qualified Applicant — reading text

RESOLUTION 2011 -9 A RESOLUTION BY THE GOVERNING BOARD OF THE CITY OF FORT WALTON BEACH, FLORIDA FINDING THAT FORT WALTON MACHINING, INC. BE APPROVED AS A QUALIFIED APPLICANT PURSUANT TO SECTION 288. 107, FLORIDA STATUTES; REQUESTING A WAIVER OF LOCAL FINANCIAL SUPPORT; AND PROVIDING AN EFFECTIVE DATE. BE IT RESOLVED BY THE GOVERNING BOARD OF THE CITY OF FORT WALTON BEACH, FLORIDA: WHEREAS, the business under consideration is a manufacturing company providing services to the defense and aerospace industries, specifically, Fort Walton Machining Inc.; and WHEREAS, Fort Walton Machining Inc. is located at 631 & 633 Anchors Street, Fort Walton Beach, FL and within a officially designated brownfield area; and WHEREAS, Fort Walton Machining Inc. was first established in the Fort Walton Beach area in 1987. Fort Walton Machining currently employs approximately 188 full time employees and is projected to add as many as approximately 60 additional new full time employees through the 2011 timeframe. Fort Walton Machining Inc. provided steady employment throughout its 24 years in the Fort Walton Beach area. Fort Walton Machining, Inc. provides product employment in the areas of aircraft assembly, sub -assembly and parts manufacturing, and commercial doors and windows manufacturing; and WHEREAS, Fort Walton Machining, Inc. will commit to pay an average wage of 35, 000 which is 99. 9% of the county average wage and will also provide a benefits package valued at 6, 000; and WHEREAS, Fort Walton Machining Inc. has maintained itself as one of the area's fastest growing private sector employers paying a projected salary above the base wage of the county and provides defense contract services to many of the military service groups; and WHEREAS, Fort Walton Machining 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. 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 Fort Walton Machining be approved under the Brownfield Redevelopment Bonus Refund Program pursuant to §288. 107, Florida Statutes. Section 2. The City of Fort Walton Beach is eligible for the local financial supporter exemption option authorized under the Brownfield Redevelopment Bonus Refund Program pursuant to 288. 107, Florida Statutes, and will exercise that option. Section 3. The City Clerk is directed to provide certified copies of this Resolution to the Okaloosa County Economic Development Council.  the Okaloosa County Economic : elopment Council. Section 4. This Resolution shall take effect immediately upon approval by the City Council and signature of the Mayor. 22nd Adopted by the City Council on this day of March 2011. A.L_ Mike Anderson, Mayor Attest: Approved for form and legal sufficiency. Helen Spencer, Cit9 Clerk ayward Dyk , Jr., Cit ttorney