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RESOLUTION NO. 2004-090 RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, SUPPORTING ESTABLISHMENT OF A CVS DISTRIBUTION CENTER WITHIN THE. PROPOSED INDIAN RIVER PARK OF COMMERCE. WHEREAS, Indian River County desires to implement Economic Development Element Policies 1.1, 1.2, 1.3, 2.3, 2.4, and Future Land Use Element Policy 1.36 of the County's Comprehensive Plan; and WHEREAS, Indian River County desires to provide expanded fire protection, water and sewer facilities, and roadway improvements to a proposed CVS distribution center; and WHEREAS, CVS will build a distribution center within the Indian River Park of Commerce, provided that the site has needed access to State Road 60 via proposed 98th Avenue, 100th Avenue and 22°a Street and provided that the site is served with municipal water and sewer services so as to provide adequate fire protection and sanitary conditions; and WHEREAS, the Indian River County Board of County Commissioners is planning to apply for a grant in the amount of $750,000 from the Community Development Block Grant Program to partially fund the improvements needed to serve the site; and WHEREAS, the applicant's qualified engineers prepared cost estimates, certified by the County Engineer's office, that show the estimated bid amount to construct the needed facilities, together with grant administration and engineering costs will exceed $750,000; and WHEREAS, the County, as an incentive to bring jobs to the County, has $1,500,000 of funding available within its General, Secondary Roads Construction, Optional Sales Tax, and Utilities Funds that may be used for infrastructure facilities construction and related activities; and WHEREAS, until the point of expenditure, the County retains the right to seek alternative sources, other than the $1,500,000 in County funds, for the required infrastructure facilities construction. If the County is successful in obtaining alternative sources of funds, the County reserves the right to deduct the alternative funding from the County's reserve amount so that alternative sources fund the needed facilities instead of County funds. NOW, THEREFORE, BE IT RESOLVED that the Indian River County Board of County Commissioners commits up to $1,500,000 of the County's funds for required infrastructure facilities construction (as shown by attachment A), contingent on the execution of a developer's agreement that specifies responsibilities of each party. Said funds to be used for the construction of needed infrastructure facilities to serve the proposed CVS distribution center within the Indian River Park of Commerce. PASSED AND ADOPTED. The foregoing resolution was offered by Commissioner Adams and the motion was seconded by Commissioner. Neuber9er , and upon being put to a vote, the vote was as follows: Chairman Caroline D. Ginn Aye