HomeMy WebLinkAbout2010-008RESOLUTION NO. 2010 -008
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
INDIAN RIVER COUNTY, FLORIDA, CLARIFYING RESOLUTION 2009-180
TO SPECIFICALLY IDENTIFY THE COUNTY'S $56,000 COMMITMENT IN
LOCAL FINANCIAL SUPPORT FOR EMINDFUL, INCORPORATED'S
APPLICATION TO THE STATE'S QUALIFIED TARGET INDUSTRY TAX
REFUND PROGRAM.
WHEREAS, Indian River County adopted Resolution 2009-180 on December 1, 2009; and
WHEREAS, Resolution 2009-180 approved a County jobs grant award of up to $550,000 for
eMindful, Inc.; and
WHEREAS, Resolution 2009-180 further committed the County to provide local financial
support for the eMindful, Inc. Qualified Target Industry (QTI) Tax Refund application in the amount
of $152,000; and
WHEREAS, eMindful, Inc. has, since adoption of Resolution 2009-180, determined that it
will not locate within the County/City of Vero Beach Enterprise Zone; and
WHEREAS, eMindful, Inc. has, since adoption of Resolution 2009-180, revised its QTI jobs
and wage commitment such that eMindful now qualifies for a QTI grant award of $280,000; and
WHEREAS, Enterprise Florida has determined that the County must commit a total of
$56,000 in local financial support for the eMindful, Inc. QTI application; and
WHEREAS, it is the Board of County Commissioners' intent that Resolution 2009-180 shall
remain in effect, except as altered by this clarifying resolution.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA that the Board of County
Commissioners hereby awards eMindful, Inc. a local jobs grant of $500,000 and agrees to make the
necessary commitment of local financial support in the amount of $56,000 for EMindful's application
for the Qualified Target Industry Tax Refund Program. Payment is proposed to be made in the
following fiscal years: State FY 2010-11, State FY 2011-12, State FY 2012-13, State FY 2013-14, and
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RESOLUTION NO. 2010-008
State FY 2014-15, or as otherwise set forth by the company's QTI agreement with the State. Funds
are to 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 Flescher , and
seconded by Commissioner
follows:
Davi s , and being put to vote, the vote was as
Peter D. O'Bryan, Chairman Aye
Bob Solari, Vice Chairman Aye
Wesley S. Davis, Commissioner Aye
Gary C. Wheeler, Commissioner Aye
Joseph E. Flescher, Commissioner Aye
The chairman thereupon declared the resolution duly passed and adopted this 9th day of
February , 2010.
Date: February 9, 2010
BOARD OF COUNTY COMMISSIONERS
OF INDIAN RIVER COUNTY
BY: ?it(
Peter D. O'Bryan, Chairman
ATTEST BY:/���i% /J C •
far Jeffrey K. Barton, Cler
APPROVED AS TO FORM AND LEGAL SUFFICIENCY
William G. Collins I, County Attorney
F:1Community Development\Users\EDplannr\ncentives & FundingUobs Grant PrograntleMindful\QT1 RESOL 112- emindful.doc
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