HomeMy WebLinkAboutResolution No. 2012-27RESOLUTION 2012 -27
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAPE
CANAVERAL, BREVARD COUNTY, FLORIDA, SUPPORTING AND
ENDORSING STATE ECONOMIC DEVELOPMENT PROJECT, L -3
IEC, AS A QUALIFIED TARGETED INDUSTRY BUSINESS;
COMMITTING LOCAL FINANCIAL SUPPORT TO THE QUALIFIED
TARGETED INDUSTRY TAX REFUND PROGRAM PURSUANT TO
SECTION 288.106, FLORIDA STATUTES; PROVIDING FOR REPEAL
OF PRIOR, INCONSISTENT RESOLUTIONS, SEVERABILITY, AND
AN EFFECTIVE DATE.
WHEREAS, economic development and the creation and retention of value added jobs are
priorities of the City Council of the City of Cape Canaveral; and
WHEREAS, L -3 IEC has been identified as a Target Industry Business; and
WHEREAS, L -3 IEC plans to relocate 15 employment positions for engineering support and
system test functions to Cape Canaveral Air Force Station in support of existing work in which the
company is engaged in Brevard County, Florida; and
WHEREAS, the City of Cape Canaveral hereby acknowledges that local financial support in
the amount of $12,000.00, which is twenty percent (20 %) of the annual tax refund for L -3 IEC, is
required under the provisions of section 288.106, Florida Statutes, governing the State's Qualified
Target Industry ( "QTI ") Tax Refund Program; and
WHEREAS, the County of Brevard desires to commit $6,000.00, which is fifty percent
(50 %) of the required QTI local financial support; and
WHEREAS, the City of Cape Canaveral also desires to commit $6,000.00, which is fifty
percent (50 %) of the required QTI local financial support; and
WHEREAS, the City Council finds this Resolution to be in the best interest of the public
health, safety, and welfare of the citizens of Cape Canaveral.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COUNCIL OF THE
CITY OF CAPE CANAVERAL, BREVARD COUNTY, FLORIDA, AS FOLLOWS:
Section 1. Recitals. The foregoing recitals are deemed true and correct and are incorporated
herein by this reference as part of this Resolution.
Section 2. Recommendation of L -3 IEC as Qualified Target Industry Business. The City
Council of the City of Cape Canaveral hereby recommends that L -3 IEC be approved as a Qualified
Target Industry Business pursuant to section 288.106, Florida Statutes.
Section 3. Commitment of Local Financial Support. The City Council of the City of Cape
Canaveral hereby agrees to commit the necessary local financial support to the Qualified Targeted
Industry Tax Refund Program in the amount of Six Thousand Dollars ($6,000.00), a fifty percent
(50 %) match, over five (5) years. The City's commitment shall be paid to the Florida Economic
City of Cape Canaveral
Resolution No. 2012 -27
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Development Trust fund pursuant to section 288.106, Florida Statutes, pursuant to the following
schedule:
FY 2013 -2014
$1,000
FY 2014 -2015
$1,500
FY 2015 -2016
$1,500
FY 2016 -2017
$1,500
FY 2017 -2018
$500
Section 4. Repeal of Prior Inconsistent Resolutions. All prior inconsistent resolutions
adopted by the City Council are hereby expressly repealed to the extent of the conflict.
Section 5. Severability. If any section, clause, phrase, word, or provision is for any reason
held invalid or unconstitutional by a court of competent jurisdiction, whether for substantive or
procedural reasons, such portion shall be deemed a separate, distinct, and independent provision, and
such holding shall not affect the validity of the remaining portions of this Resolution.
Section 6. Effective Date. This Resolution shall become effective immediately upon adoption.
ADOPTED at a Regular Meeting of the City Council of the City of Cape Canaveral, Florida,
assembled this 1.6 "dgy,:bfQctober, 2012.
Rocky Randels, Mayor
ATTEST:'-. Name FOR AGAINST
John Bond Motion
Angela Appersonf 1 Bob Hoog X
Asst. City Manager /City Clerk
Buzz Petsos X
Rocky Randels X
Betty Walsh Second
Approved as to legal form and sufficiency
For the City of Cape Canaveral only by:
nthony A. Garganese, City Attorney
City of Cape Canaveral
Resolution No. 2012 -27
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