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RESOLUTION N0.2013 - 035 <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA, RECOMMENDING THAT NEXT <br />LEVEL SECURITY SYSTEMS, INC. BE APPROVED AS A QUALIFIED <br />TARGET INDUSTRY PURSUANT TO 5.288.106, FLORIDA STATUTES; <br />COMMITTING TO PROVIDE A LOCAL MATCH IN THE FORM OF <br />CASH FOR THE NEXT LEVEL SECURITY SYSTEMS, INC. <br />QUALIFIED TARGET INDUSTRY GRANT; AND PROVIDING FOR AN <br />EFFECTIVE DATE. <br />WHEREAS, the business under consideration, Next Level Security Systems, Inc., is <br />a physical security company focused on developing a new breed of network security solutions <br />that integrates video management, access control, intrusion detection and video analytics; and <br />WHEREAS, Next Level Security Systems, Inc. is considering relocating its corporate <br />headquarters from California to Indian River County, Florida; and <br />WHEREAS, Next Level Security Systems, Inc. is an industry targeted by the State of <br />Florida and Indian River County for new high -wage job creation; and <br />WHEREAS, Next Level Security Systems, Inc. is planning to create up to ten (10) full- <br />time equivalent new jobs in Indian River County (specific location yet to be determined) and the <br />average wage for the jobs will exceed the area's average wage; and <br />WHEREAS, Next Level Security Systems, Inc. has prepared an application for a grant <br />under the State of Florida's Qualified Target Industry (QTI) Tax Refund Program; and <br />WHEREAS, Indian River County hereby acknowledges that local financial support of <br />20% of the total tax refund of $50,000 (standard QTI amount) is required under the provisions of <br />s.288.106, Florida Statutes, governing the State's Qualified Target Industry Tax Refund <br />Program; and <br />WHEREAS, Next Level Security Systems, Inc. has submitted an application for a local <br />jobs grant; and <br />1 of 3 <br />