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Call to Order <br />Chairman Robinson called the meeting to order at 3:30 p.m. A quorum was not in <br />attendance; however it was determined that due to the urgency of the matter, the meeting <br />would continue in order to obtain a consensus of the members present. <br />Consideration of Local Jobs Grant—Bill Schutt, Senior Economic Development <br />Planner <br />Helene Caseltine provided an introduction for "Project Treadstone", noting that <br />the applicant requested that their identity remain confidential (as allowed by Florida <br />Statutes). Enterprise Florida had given the applicant thel6ickname "Project Treadstone" <br />as they were also applying for financial incentives throu:ghthe state Qualified Target <br />4I..� <br />Industry (QTI) Tax Refund program. Ms. Caseltine,�sa dRbe applicant is currently based <br />�Y Wiz. <br />in NY and is considering relocation of their headqu rters to than River County. She <br />summarized that there are 25 new jobs proposed, with a minimum salary of $75,000. <br />With EDC consensus, the application would:§ brought before the Board of County <br />Commission (BCC) at their June 7, 2016 meeting. <br />Bill Schutt presented information using Rbwe <br />Commission office. He reviewed the local jobs gar <br />that Project Treadstone qualifiesunde_rathe Financia <br />He explained Due Diligence was completed,and sai <br />reported their jobs grant total equaled' 175 0'00-- If <br />$175,000, with a 20% local -match from�e IRC j b: <br />said the QTI grant reqiJf6d-ia, solutiom:of,,,support f. <br />was for EDC to recq�mmend B' a, approvaogf he log <br />Treadstone. <br />B, <br />Mr. <br />wouldWeaual <br />ointasslides, whirl Ore on file in the <br />ogram and informed the Council <br />Yervices Target Industry category. <br />'hey found no major issues. He <br />xt <br />prov.ed, QTI would also equal <br />rant fur ds account. Mr. Schutt <br />hAhe B&; Staff recommendation <br />j s�grant for Project <br />ding if both grants were approved. <br />Mppilmember Coy questioned the distinction between offering "new" jobs vs. <br />paying the4headquarters of�75F.company:-oto move. Ms. Caseltine responded the company <br />would offer relocations to thei�NY employees but would also be offering new jobs <br />relocations <br />locally as well..: <br />ON MOTzIONT BY Mr. Zimmerman, SECONDED BY Mr. <br />Weick,members voted (9-1, with Councilmember Coy <br />ti <br />voting agai-- nst) to recommend BCC approval of the local <br />jobs grant for the company nicknamed Project <br />Treadstone. <br />Ms. Caseltine announced <br />of Washington Economics Grou <br />times what was <br />rts since 2007. <br />EDC/Unapproved <br />Principal & Founder <br />-investment was 15 <br />obs grants and Chamber of Commerce <br />E <br />Attachment 4 <br />May 24, 2016 <br />111 <br />