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RESOLUTION NO. 2004-041 <br />WHEREAS, Aero Shade Technologies Inc. has submitted an application for a grant <br />under the State of Florida's Qualified Target Industry (QTI) Tax Refund Program; and <br />WHEREAS, the State of Florida's QTI grant program requires a 20% local government <br />match to qualify Aero Shade Technologies Inc. for the state's QTI grant; and <br />WHEREAS, Aero Shade has submitted an application for a local jobs grant; and <br />WHEREAS, the Aero Shade local jobs grant application meets all applicable county <br />requirements. <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA that the Board of County <br />Commissioners hereby recommends to Enterprise Florida that Aero Shade Technologies, Inc. be <br />approved as a Qualified Target Industry Business pursuant to s.288.106, Florida Statutes, and <br />BE IT FURTHER RESOLVED that the Board of County Commissioners hereby agrees <br />to make the necessary commitment of local financial support for Aero Shade's application for the <br />Qualified Target Industry Tax Refund Program in the amount of up to $12,100. Payment is <br />proposed to be made in the following increments: FY 2004-05 - $2,420, FY 2005-06 - $2,420, <br />FY 2006-07 - $2,400, FY 2007-08 - $2,420, FY 2008-09 - $2,420. Monies are to be paid to the <br />Florida Economic Development Trust Fund with the stipulation that these funds are intended to <br />represent the "local participation" required by s.288.106, Florida Statutes. <br />The foregoing Resolution was offered by Commissioner Macht , and <br />second by Commissioner Adams , and being put to vote, the vote was <br />as follows: <br />2 of 3 <br />