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Okaloosa County BOCC — December 18, 2012 — Exhibit A Project Machine QTI Resolution — reading text
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Exhibit A
QUALIFIED TARGET INDUSTRY TAX REFUND PROGRAM
RESOLUTION NO. _____________________
A RESOLUTION BY THE GOVERNING BOARD OF OKALOOSA COUNTY, FLORIDA FINDING THAT
PROJECT MACHINE BE APPROVED AS A QUALIFIED APPLICANT PURSUANT TO §288.106,
FLORIDA STATUTES; AND PROVIDING AD VALOREM TAX EXEMPTION OF $9,000 AS LOCAL
PARTICIPATION IN THE QUALIFIED TAX REFUND PROGRAM FOR FISCAL YEAR(S) 2014-2018, AND
PROVIDING FOR AN EFFECTIVE DATE. THE AD VALOREM TAX EXEMPTION YEAR TO YEAR VALUE
SHALL BE:
2014 $2,599
2015 $2,337
2016 $2,019
2017 $1,783
2018 $262
BE IT RESOLVED BY THE GOVERNING BOARD OF OKALOOSA , FLORIDA as follows:
WHEREAS, the business under consideration is a manufacturing company, specifically, Project
Machine; and
WHEREAS, Project Machine’s company was first established in Holt, Florida area in 1994.
Project Machine is a targeted industry proposing to create high-wage job opportunities in the manufacturing
industry; and
WHEREAS, Project Machine will pay salaries considerably above the base wage of the County
and sells their products to customers around the world; and
WHEREAS, Project Machine is considering an expansion of 15 full time employees through
the 2013 time frame and will commit to pay an average wage of $50,750 which is at least 143% of the
average wage in Okaloosa County; and
WHEREAS, it is understood by the county that local participation is required and understood
for the QTI Tax Refund Program.
NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BOARD OF OKALOOSA
COUNTY, FLORIDA that the Board hereby recommends Project Machine be approved as a Qualified
Business pursuant to S.288-106, Florida Statutes for the creation of 15 new jobs.
BE IT FURTHER RESOLVED that the necessary commitment of local financial support for
the Qualified Target Industry Tax Refund Program will be made available via county ad valorem tax
exemption, as authorized under Section 196.1995 Florida Statutes. The County has authorized a tax
exemption for Project Machine for a term of 5 years as provided by the aforesaid statute.
This resolution shall take effect immediately upon its adoption.
DULY ADOPTED BY THE GOVERNING BOARD OF OKALOOSA COUNTY, FLORIDA this
_____ day of ______, 2013.
Okaloosa County, Florida
Board of County Commissioners
___________________________________
Don Amunds, Chairman
ATTEST:
_________________________________
Don Howard, Clerk of Courts