4/3/2017 4:11:39 PM
10/5/2015 8:53:44 AM
Agenda Item Number
County’s Local Financial Support
For Qualified Target Industry Tax Refund Program
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RESOLUTION NO. 2010 -008 <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA, CLARIFYING RESOLUTION 2009-180 <br />TO SPECIFICALLY IDENTIFY THE COUNTY'S $56,000 COMMITMENT IN <br />LOCAL FINANCIAL SUPPORT FOR EMINDFUL, INCORPORATED'S <br />APPLICATION TO THE STATE'S QUALIFIED TARGET INDUSTRY TAX <br />REFUND PROGRAM. <br />WHEREAS, Indian River County adopted Resolution 2009-180 on December 1, 2009; and <br />WHEREAS, Resolution 2009-180 approved a County jobs grant award of up to $550,000 for <br />eMindful, Inc.; and <br />WHEREAS, Resolution 2009-180 further committed the County to provide local financial <br />support for the eMindful, Inc. Qualified Target Industry (QTI) Tax Refund application in the amount <br />of $152,000; and <br />WHEREAS, eMindful, Inc. has, since adoption of Resolution 2009-180, determined that it <br />will not locate within the County/City of Vero Beach Enterprise Zone; and <br />WHEREAS, eMindful, Inc. has, since adoption of Resolution 2009-180, revised its QTI jobs <br />and wage commitment such that eMindful now qualifies for a QTI grant award of $280,000; and <br />WHEREAS, Enterprise Florida has determined that the County must commit a total of <br />$56,000 in local financial support for the eMindful, Inc. QTI application; and <br />WHEREAS, it is the Board of County Commissioners' intent that Resolution 2009-180 shall <br />remain in effect, except as altered by this clarifying resolution. <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 awards eMindful, Inc. a local jobs grant of $500,000 and agrees to make the <br />necessary commitment of local financial support in the amount of $56,000 for EMindful's application <br />for the Qualified Target Industry Tax Refund Program. Payment is proposed to be made in the <br />following fiscal years: State FY 2010-11, State FY 2011-12, State FY 2012-13, State FY 2013-14, and <br />1 of 2 <br />
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