HomeMy WebLinkAbout2010-024RESOLUTION NO. 2010 -024
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
INDIAN RIVER COUNTY, FLORIDA; RECOMMENDING TO
ENTERPRISE FLORIDA THAT INEOS NEW PLANET BIOENERGY,
LLC BE APPROVED AS A QUALIFIED TARGET INDUSTRY
PURSUANT TO s.288.106, FLORIDA STATUTES; AND PROVIDING AN
APPROPRIATION OF $60,500 AS PART OF A LOCAL JOBS GRANT
PROGRAM FOR LOCAL PARTICIPATION IN THE QUALIFIED
TARGET INDUSTRY TAX REFUND PROGRAM FOR FISCAL YEARS
2011/12, 2012/13, 2013/14, 2014/15, 2015/16, AND 2016/17, 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 considering locating a demonstration
waste to ethanol conversion plant and regional headquarters in Indian River County at 925 74th
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, INEOS New Planet BioEnergy LLC has prepared an application for a grant
under the State of Florida's Qualified Target Industry (QTI) Tax Refund Program; 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
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RESOLUTION NO. 2010 - 024
WHEREAS, Indian River County has started the process of designating the proposed
INEOS New Planet BioEnergy LLC site as a Brownfield Area in accordance with the Florida
Brownfield Redevelopment Act (sections 376.77-376.86, Fla, Stat.); and
WHEREAS, INEOS New Planet BioEnergy LLC has prepared an application for a grant
under the State of Florida's Brownfield Redevelopment Bonus Refund Program; and
WHEREAS, the State of Florida's Brownfield Redevelopment Bonus Refund Program
requires a 20% local government match for a business to qualify for the state's Brownfield
Redevelopment Bonus Refund grant; and
WHEREAS, INEOS New Planet BioEnergy LLC has submitted an application for a local
jobs grant; and
WHEREAS, the INEOS New Planet BioEnergy LLC local jobs grant application meets
all applicable county requirements.
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 be approved as a Qualified Target Industry Business pursuant to s.288.106, Florida Statutes,
and
BE IT 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's application for the Qualified Target Industry Tax Refund
Program and, if the proposed INEOS New Planet BioEnergy LLC site is officially designated by
the County as a Brownfield Area in accordance with the Florida Brownfield Redevelopment Act
(sections 376.77-376.86, Fla, Stat.), the Board of County Commissioners hereby further agrees to
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RESOLUTION NO. 2010 -024
make the necessary commitment of local financial support in the amount of $27,500 for 1NEOS
New Planet BioEnergy's application for the Brownfield Redevelopment Bonus Refund Program
(total combined amount of local financial support is $60,500). The stated amounts 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 Sol ari , and
second by Commissioner Wheel er , and being put to vote, the vote was
as follows:
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 23rd
day of March , 2010.
Date: March 23, 2010
BOARD OF COUNTY COMMISSIQRERS ,
OF INDIAN RIVER COUNTY
BY:,F'14, bf-Y),
Peter D. O'Bryan, Chairman
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RESOLUTION NO. 2010 - 024
ATTEST BY: i «v , S7 -C.,.
Jeffrey K. Barton, Clerk
APPROVED AS TO FORM AND LEGAL SUFFICIENCY
Alan Polackwich. ounty Attornev
Alan Polackwich, ounty Attorney
F:1Community Development\Users\EDplannr\Incentives & FundingUobs Grant Program\INEOS New Planet Energy\QTI RESOL- INEOS.doc
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