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Y <br /> RESOLUTION NO . 2004 - 041 <br /> WHEREAS , Aero Shade Technologies Inc . has submitted an application for a grant <br /> under the State of Florida ' s Qualified Target Industry (QTI) Tax Refund Program ; and <br /> WHEREAS , the State of Florida ' s QTI grant program requires a 20% local government <br /> match to qualify Aero Shade Technologies Inc . for the state ' s QTI grant; and <br /> WHEREAS , Aero Shade has submitted an application for a local jobs grant; and <br /> WHEREAS , the Aero Shade local jobs grant application meets all applicable county <br /> requirements . <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 recommends to Enterprise Florida that Aero Shade Technologies , Inc . be <br /> approved as a Qualified Target Industry Business pursuant to s . 288 . 106 , Florida Statutes , and <br /> BE IT FURTHER RESOLVED that the Board of County Commissioners hereby agrees <br /> to make the necessary commitment of local financial support for Aero Shade ' s application for the <br /> Qualified Target Industry Tax Refund Program in the amount of up to $ 12 , 100 . Payment is <br /> proposed to be made in the following increments : FY 2004-05 - $2 ,4209 FY 2005 -06 - $294203 <br /> FY 2006 -07 - $21400 , FY 2007 -08 - $2 ,420, FY 2008 -09 - $2 , 420 . Monies are to be paid to the <br /> Florida Economic Development Trust Fund with the stipulation that these funds are intended to <br /> represent the "local participation" required by s . 288 . 106 , Florida Statutes . <br /> The foregoing Resolution was offered by Commissioner Macht , and <br /> second by Commissioner Adams , and being put to vote , the vote was <br /> as follows : <br /> 2 of 3 <br />