R-12-095 PROJECT JAZZ

A RESOLUTION BY THE BOARD OF COUNTY COMMISSIONERS OF MANATEE COUNTY, FLORIDA, RECOMMENDING THAT "PROJECT JAZZ", BE APPROVED FOR AN ECONOMIC DEVELOPMENT INCENTIVE (EDI} GRANT FOR FISCAL YEARS 2012-2013 THROUGH 2016-2017 AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, Project JAZZ is a US headquarters and manufacturing company identified as a Florida Target Industry Business designated under Section 288.106, Florida Statutes; and

WHEREAS, the expansion of Project JAZZ in Manatee County will create 7 new jobs over the next five years; and

WHEREAS, Project JAZZ will commit to pay an average wage of $51,834 which is over 150% of the Manatee County average annual wage; and

NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Manatee County, Florida, that:

l. The Board of County Commissioners of Manatee County hereby recommends Project JAZZ for the EDI Grant Programs.

2. If the company meets the local EDI Grant program criteria for creation of a minimum of five (5) and a maximum of seven (7)) quality jobs, the Board of County Commissioners of Manatee County, Florida, agrees to participate financially by offering inducements to Project JAZZ for expansion within Manatee County.

The total extent of Manatee County's participation shall not exceed $14,000 for EDI. The annual participation shown above shall be subject to Project JAZZ's annual employment requirements and may be revised pursuant to the funding agreement and amendment(s) based on job creation performance and annual appropriations in the County Budget each fiscal year for the term of the agreement.

5. The Board of County Commissioners authorizes the County Administrator or his designee to execute the EDI funding agreement for Project JAZZ.

R-12-095 PROJECT JAZZ

ADOPTED with a quorum present and voting this the 8th day of May 2012.

ATTEST: R. B. Shore CLERK OF THE CIRCUIT COURT

2

BOARD OF COUNTY COMMISSIONERS MANATEE COUNTY, FLORIDA

May 8, 2012 Regular Meeting Agenda Item #24

Subject Project Jazz - Economic Development Incentive Grant (R-12-095) Briefings Briefing Provided Upon Request Contact and/or Presenter Information

Karen Stewart, Economic Development Program Manager

ext. 6832

Action Requested

Adoption of Resolution R-12-095 finding that “Project Jazz” is approved for an Economic Development Incentive Grant up to $14,000 to be paid over a five year period.

Enabling/Regulating Authority

F.S. 288.106 Tax refund program for qualified target industry businesses.

Manatee County Economic Development Program

Background Discussion

● On April 21, 2009, the Manatee County Board of County Commissioners adopted the Manatee County Economic Development Incentive Program which provides for Economic Development Incentive (EDI) Grants.

● EDI Grants are available to qualifying businesses creating new high-wage job opportunities, either by expanding an existing business or by bringing a new business to Manatee County. The incentive is customized per business based on the number of jobs created and percent above 115% of the average Manatee annual wage.

● Project Jazz will be expanding their US Headquarters and manufacturing business in Manatee County.

● Project Jazz plans a capital investment in excess of $500,000 and to employ 7 additional employees over five years in excess of 150% ($51,834) of Manatee County average annual wage plus benefits.

Manatee County Government Administrative CenterCommission ChambersMay 8, 2012 9:00 a.m.

QAcevedoNew Stamp

● Manatee County staff will be responsible for monitoring all EDI Grant requirements, as well as processing the invoice for payment on an annual basis upon confirmation of compliance with wage and annual job creation and retention requirements.

● Compliance with the program is managed through the adoption of Resolution R-12-095.

● The County’s commitment will require future budget appropriations beginning FY 2012-2013 through FY 2016-2017, if all the employment conditions are met. We have annually appropriated monies for the last few years to be set aside for economic development incentives such as the state and local EDI program where applicable and will continue to ensure that reserves are set aside for this purpose and carried forward to fund the County’s future obligations ($14,000) for this application.

County Attorney Review Not Reviewed (No apparent legal issues) Explanation of Other Reviewing Attorney N/A Instructions to Board Records Original to Board Records and copy to Neighborhood Services Department. Cost and Funds Source Account Number and Name $14,000 EDI 1070015806 Amount and Frequency of Recurring Costs $14,000 over five years Attachment: Project Jazz R12095 EDI.pdf

Manatee County Government Administrative CenterCommission ChambersMay 8, 2012 9:00 a.m.

file:///C:/Users/eagenda/AppData/Local/Temp/ABCpdf/17A21CA6-800C-4782-9FDA-C6397E45310E.pdf

From: Quantana AcevedoTo: "Nicolette.Coetzee@mymanatee.org"; "debbie.bassett@mymanatee.org"Subject: Resolution R-12-095Date: Thursday, May 10, 2012 12:06:00 PMAttachments: BC20120508DOC306.pdf

Adopted May 8, 2012. Quantana AcevedoBoard Recordsfor R.B. "Chips" ShoreManatee County Clerk of the Circuit Court and Comptrollerwww.manateeclerk.com941-749-1800 ext. 4183quantana.acevedo@manateeclerk.com"Pride in Service with a Vision to the Future"

mailto:/O=MANATEE CLERK/OU=FIRST ADMINISTRATIVE GROUP/CN=RECIPIENTS/CN=QUANTANA.ACEVEDOmailto:Nicolette.Coetzee@mymanatee.orgmailto:debbie.bassett@mymanatee.org

From: Quantana AcevedoTo: "karen.stewart@mymanatee.org"Subject: Resolution R-12-095 - Project JazzDate: Friday, May 11, 2012 10:08:00 AMAttachments: BC20120508DOCA24.pdf

Resolution and Approved Memo Agenda. Quantana AcevedoBoard Recordsfor R.B. "Chips" ShoreManatee County Clerk of the Circuit Court and Comptrollerwww.manateeclerk.com941-749-1800 ext. 4183quantana.acevedo@manateeclerk.com"Pride in Service with a Vision to the Future"

mailto:/O=MANATEE CLERK/OU=FIRST ADMINISTRATIVE GROUP/CN=RECIPIENTS/CN=QUANTANA.ACEVEDOmailto:karen.stewart@mymanatee.org

May 8, 2012 Regular Meeting Agenda Item #24

Subject Project Jazz - Economic Development Incentive Grant (R-12-095) Briefings Briefing Provided Upon Request Contact and/or Presenter Information

Karen Stewart, Economic Development Program Manager

ext. 6832

Action Requested

Adoption of Resolution R-12-095 finding that “Project Jazz” is approved for an Economic Development Incentive Grant up to $14,000 to be paid over a five year period.

Enabling/Regulating Authority

F.S. 288.106 Tax refund program for qualified target industry businesses.

Manatee County Economic Development Program

Background Discussion

● On April 21, 2009, the Manatee County Board of County Commissioners adopted the Manatee County Economic Development Incentive Program which provides for Economic Development Incentive (EDI) Grants.

● EDI Grants are available to qualifying businesses creating new high-wage job opportunities, either by expanding an existing business or by bringing a new business to Manatee County. The incentive is customized per business based on the number of jobs created and percent above 115% of the average Manatee annual wage.

● Project Jazz will be expanding their US Headquarters and manufacturing business in Manatee County.

● Project Jazz plans a capital investment in excess of $500,000 and to employ 7 additional employees over five years in excess of 150% ($51,834) of Manatee County average annual wage plus benefits.

Manatee County Government Administrative CenterCommission ChambersMay 8, 2012 9:00 a.m.

QAcevedo

New Stamp

● Manatee County staff will be responsible for monitoring all EDI Grant requirements, as well as processing the invoice for payment on an annual basis upon confirmation of compliance with wage and annual job creation and retention requirements.

● Compliance with the program is managed through the adoption of Resolution R-12-095.

● The County’s commitment will require future budget appropriations beginning FY 2012-2013 through FY 2016-2017, if all the employment conditions are met. We have annually appropriated monies for the last few years to be set aside for economic development incentives such as the state and local EDI program where applicable and will continue to ensure that reserves are set aside for this purpose and carried forward to fund the County’s future obligations ($14,000) for this application.

County Attorney Review Not Reviewed (No apparent legal issues) Explanation of Other Reviewing Attorney N/A Instructions to Board Records Original to Board Records and copy to Neighborhood Services Department. Cost and Funds Source Account Number and Name $14,000 EDI 1070015806 Amount and Frequency of Recurring Costs $14,000 over five years Attachment: Project Jazz R12095 EDI.pdf

Manatee County Government Administrative CenterCommission ChambersMay 8, 2012 9:00 a.m.

file:///C:/Users/eagenda/AppData/Local/Temp/ABCpdf/17A21CA6-800C-4782-9FDA-C6397E45310E.pdf

R-12-095

PROJECT JAZZ

A RESOLUTION BY THE BOARD OF COUNTY COMMISSIONERS OF

MANATEE COUNTY, FLORIDA, RECOMMENDING THAT “PROJECT

JAZZ”, BE APPROVED FOR AN ECONOMIC DEVELOPMENT INCENTIVE

(EDI) GRANT FOR FISCAL YEARS 2012-2013 THROUGH 2016-2017 AND

PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, Project JAZZ is a US headquarters and manufacturing company

identified as a Florida Target Industry Business designated under Section 288.106,

Florida Statutes; and

WHEREAS, the expansion of Project JAZZ in Manatee County will create 7

new jobs over the next five years; and

WHEREAS, Project JAZZ will commit to pay an average wage of $51,834

which is over 150% of the Manatee County average annual wage; and

NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners

of Manatee County, Florida, that:

1. The Board of County Commissioners of Manatee County hereby

recommends Project JAZZ for the EDI Grant Programs.

2. If the company meets the local EDI Grant program criteria for creation of

a minimum of five (5) and a maximum of seven (7)) quality jobs, the Board

of County Commissioners of Manatee County, Florida, agrees to

participate financially by offering inducements to Project JAZZ for

expansion within Manatee County.

The total extent of Manatee County’s participation shall not exceed

$14,000 for EDI. The annual participation shown above shall be subject to

Project JAZZ’s annual employment requirements and may be revised

pursuant to the funding agreement and amendment(s) based on job

creation performance and annual appropriations in the County Budget

each fiscal year for the term of the agreement.

5. The Board of County Commissioners authorizes the County Administrator

or his designee to execute the EDI funding agreement for Project JAZZ.

R-12-095

PROJECT JAZZ

2

ADOPTED with a quorum present and voting this the 8th day of May 2012.

ATTEST: R. B. Shore BOARD OF COUNTY COMMISSIONERS

CLERK OF THE CIRCUIT COURT MANATEE COUNTY, FLORIDA

By: By:

John R. Chappie

Chairman

R-12-095

PROJECT JAZZ

A RESOLUTION BY THE BOARD OF COUNTY COMMISSIONERS OF

MANATEE COUNTY, FLORIDA, RECOMMENDING THAT “PROJECT

JAZZ”, BE APPROVED FOR AN ECONOMIC DEVELOPMENT INCENTIVE

(EDI) GRANT FOR FISCAL YEARS 2012-2013 THROUGH 2016-2017 AND

PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, Project JAZZ is a US headquarters and manufacturing company

identified as a Florida Target Industry Business designated under Section 288.106,

Florida Statutes; and

WHEREAS, the expansion of Project JAZZ in Manatee County will create 7

new jobs over the next five years; and

WHEREAS, Project JAZZ will commit to pay an average wage of $51,834

which is over 150% of the Manatee County average annual wage; and

NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners

of Manatee County, Florida, that:

1. The Board of County Commissioners of Manatee County hereby

recommends Project JAZZ for the EDI Grant Programs.

2. If the company meets the local EDI Grant program criteria for creation of

a minimum of five (5) and a maximum of seven (7)) quality jobs, the Board

of County Commissioners of Manatee County, Florida, agrees to

participate financially by offering inducements to Project JAZZ for

expansion within Manatee County.

The total extent of Manatee County’s participation shall not exceed

$14,000 for EDI. The annual participation shown above shall be subject to

Project JAZZ’s annual employment requirements and may be revised

pursuant to the funding agreement and amendment(s) based on job

creation performance and annual appropriations in the County Budget

each fiscal year for the term of the agreement.

5. The Board of County Commissioners authorizes the County Administrator

or his designee to execute the EDI funding agreement for Project JAZZ.

R-12-095

PROJECT JAZZ

2

ADOPTED with a quorum present and voting this the 8th day of May 2012.

ATTEST: R. B. Shore BOARD OF COUNTY COMMISSIONERS

CLERK OF THE CIRCUIT COURT MANATEE COUNTY, FLORIDA

By: By:

John R. Chappie

Chairman