HomeMy WebLinkAbout2011-058RESOLUTION NO, 2011-058
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
INDIAN RIVER COUNTY, FLORIDA; RECOMMENDING TO
ENTERPRISE FLORIDA THAT INEOS NEW PLANET BIOENERGY,
LLC's QUALIFIED TARGET INDUSTRY ECONOMIC RECOVERY
EXTENSION APPLICATION BE APPROVED PURSUANT TO s.288.106,
FLORIDA STATUTES; AND PROVIDING AN APPROPRIATION OF
$339000 AS PART OF A LOCAL JOBS GRANT PROGRAM FOR LOCAL
PARTICIPATION IN THE QUALIFIED TARGET INDUSTRY TAX
REFUND PROGRAM FOR FISCAL YEARS 2012/13, 2013/149 2014/15,
2015/165 2016/179 2017/189 AND 2018/19 AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, the business under consideration, INEOS New Planet BioEnergy LLC, is a
joint venture between INEOS Bio (a division of INEOS), the world's third largest chemical
company, and New Planet Energy, a company that focuses on commercialization of new
technologies to produce energy and related products from waste products; and
WHEREAS, INEOS New Planet BioEnergy LLC is locating a demonstration waste to
ethanol conversion plant and regional headquarters in Indian River County at 925 74`h Avenue
S.W.; and
WHEREAS, INEOS New Planet BioEnergy LLC is an industry targeted by the State of
Florida and Indian River County for new high -wage job creation; and
WHEREAS, INEOS New Planet BioEnergy LLC is planning to create up to fifty five
(55) additional full-time equivalent new jobs in Indian River County and the average wage for
the additional jobs will exceed the area's average wage; and
WHEREAS, INE
OS New Planet BioEnergy LLC prepared an application for a grant
under the State of Florida's Qualified Target Industry (QTI) Tax Refund Program, which was
approved by the state on June 18, 2010; and
WHEREAS, the State of Florida's QTI grant program requires a 20% local government
match for a business to qualify for the state's QTI grant; and
RESOLUTION NO. 2011-058
WHEREAS, Indian River County has a local jobs grant program which it uses to supply
the required 20% local match for the State QTI program; and
WHEREAS, INEOS New Planet BioEnergy LLC submitted an application for a local
jobs grant which was subsequently reviewed and was determined to meet all applicable county
requirements; and
WHEREAS, on March 23, 2010, Indian River County entered into a local jobs grant
agreement with INEOS New Planet BioEnergy, LLC; and
WHEREAS, on March 23, 2010, the Indian River County Board of County
Commissioners adopted Resolution 2010-024, which pledged required local financial support
from its local jobs grant program for INEOS New Planet BioEnergy, LLC's application for the
State QTI program for State Fiscal Years 2011/12 through 2016/2017; and
WHEREAS, Indian River County received notification that INEOS New Planet
BioEnergy, LLC has submitted an Economic Recovery Extension application requesting up to a
two year extension •to the approved QTI agreement with the State of Florida; and
WHEREAS, the State of Florida requires the County to acknowledge the requested
extension and to pledge required local financial support for the time frames covered by the QTI
Economic Recovery Extension amendment request.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA that the Board of County
Commissioners hereby recommends to Enterprise Florida that INEOS New Planet BioEnergy
LLC's Qualified Target Industry Economic Recovery Extension request be approved by the State
of Florida pursuant to s.288.106, Florida Statutes, and
RESOLUTION NO, 2011 _o58
hi FURTHER RESOLVED that the Board of County Commissioners hereby agrees
to make the necessary commitment of local financial support in the amount of $33,000 for
INEOS New Planet BioEnergy CCUs Qualified Target Industry Tax Refund Economic Recovery
Extension request. The stated amount will be available consistent with the guidelines set forth by
the Office of Tourism, Trade, and Economic Development and will be paid to the Florida
Economic Development Trust Fund with the stipulation that these funds are intended to represent
the "local participation" required by s.288.106, Florida Statutes.
The foregoing Resolution was offered by Commissioner Davis ,and
second by Commissioner Flescher
as follows:
Bob Solari ,Chairman
Gary C. Wheeler, Vice Chairman
Wesley S. Davis, Commissioner
Joseph E. Flescher, Commissioner
Peter D. O'Bryan, Commissioner
and being put to vote, the vote was
Aye
Aye
Aye
Aye
Aye
The chairman thereupon declared the resolution duly passed and adopted this 16th
day of August , 2011.
Date: 8/16/11
BOARD OF COUNTY COMMISSIONERS
OF INDIAN RIVER COUNTY
BY:
Bob Solari,
ATTEST BY
Jeffrey K. Barton, C
RESOLUTION NO, 2011 -058
APPROVED AS TO FORM AND LEGAL SUFFICIENCY
Alan
Attorney
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Energy\AMENDMEN"I\AMENDED QI KESOL- 1NEOS - Proposed Clean Copy V2 - 2year.doc