Okaloosa County BOCC — February 4, 2014 — Resolution (ECAR) signed

Resolution of The Emerald Coast Association of Realtors Supporting a Tax Increment Financing District For North Okaloosa County WHEREAS, one of the purposes of the Emerald Coast Association of Realtors is to support economic and community development; and WHEREAS, we understand that efficient transportation across and through Okaloosa County is essential to meeting the obligations of government to its citizens; and WHEREAS, Okaloosa County and its cities are challenged to meet operating budgets while at the same time providing funds for essential capital improvements including transportation; and WHEREAS, our experience has been that State and Federal dollars are often conditioned upon the ability and willingness of local governments to make local contributions to these expenses; and WHEREAS, North Okaloosa County is an important entry point for visitors going south; and WHEREAS, military development in and around Crestview have made relief from congestion in that area a County priority; and WHEREAS, our Board has studied the potential benefits of Tax Increment Financing and we believe it will produce a significant community savings plan for transportation facilities while at the same time providing the smatlest possible intrusion on the operating budget for counties and cities. NOW WHEREFORE we resolve the following: 1. We support the plan submitted to Okaloosa County and the City of Crestview to create a district the purpose of which will be to promote construction of a western by-pass road system in and around Crestview with Tax increment Financing. 2. We support a plan for Tax Increment Financing that will permit the County, in partnership with the City of Crestview, pay to the TIF district the income from all future appreciation in real property within the District, to be set aside for funding for a North/South corridor from Crestview. This Resolution made and approved this 18th day of July, 2013. Su) Apabe_. By Jan N. Hooks, President