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<br />Commissioner Lowther expressed appreciation to Helene Caseltine for the hard work of <br />bringing this forward. <br /> <br />Helene Caseltine <br />, Economic Development Director, Indian River County Chamber of <br />Commerce and Enterprise Zone Coordinator, explained the process of the program. She reiterated <br />Director Keating’s comments that the program allows non-profit agencies that serve the residents of the <br />Enterprise Zone to solicit tangible donations from companies throughout the State of Florida and not just <br />Indian River County. The “non-profit” gives them an edge, she said, in that, they could advise potential <br />donors of cash or equipment that they could take a credit worth 50% of the value of the donation and <br />apply that credit to their corporate tax bill for the State of Florida, their sales tax bill, or insurance <br />premium tax. She recognized Dr. Roger Baker, CEO of ARC, and Enterprise Zone Development Agency <br />Board Member Joseph Chiarella who were in attendance and supported the initiative as well. <br /> <br />Commissioner Davis commended ARC for making tremendous progress moving this forward. <br />He congratulated them for seizing that opportunity and the stride forward to keep The New Piper Aircraft <br />here. <br /> <br />11.A.2. CONSIDERATIONOFRESOLUTION <br /> <br />ACKNOWLEDGINGTERMSOFADVANCED <br /> <br />CONSTRUCTIONAGREEMENTFORSR60 <br /> <br /> <br />MOTION WAS MADE by Commissioner Lowther, SECONDED <br />by Chairman Neuberger, to approve staff’s recommendation. <br />Commissioner Bowden wanted to know what was involved monetarily; how long before we get <br />it back; and, how much interest we would lose or not collect. <br /> <br />AUGUST 22, 2006 48 <br /> <br />