Coversheet


CITY OF RIVIERA BEACH CITY COUNCIL AGENDA ITEM SUMMARY

Meeting Date:	12/5/2018
Agenda Category:	REGULAR RESOLUTION

Subject:

Resolution approving the City's required match of $27,000 for the Florida Qualified Target Industry Tax Refund

Recommendation/Motion:

Originating Dept	CITY ADMINISTRATION	Costs
User Dept.	ALL	Funding Source
Advertised	No	Budget Account Number
Date
Paper
Affected Parties	Not Required

Background/Summary:

City staff was recently contacted by Gary Hines, Senior Vice President, with the Business Development Board of Palm Beach County, stating that the Business Development Board has been contacted by Project Baden-Baden which is a code name given to a company to protect the identity of the company during the economic development incentive application process. This is a global company in the logistics industry that is considering expansion of its operations to Riviera Beach. This company qualifies as a QTI company per Florida Statutes Sec 288.106, which states that it is a Target Industry Business and qualifies for the QTI program. The QTI program requires local match participation which is $27,000 and the reminder will be funded by Palm Beach County. The QTI award is based on the company's plan to create 45 new jobs at an average annual wage of approximately $58,763.

Fiscal Years
Capital Expenditures
Operating Costs
External Revenues
Program Income (city)
In-kind Match (city)
Net Fiscal Impact
NO. Additional FTE Positions (cumulative)


III. Review Comments

A. Finance Department Comments:

B. Purchasing/Intergovernmental Relations/Grants Comments:

C. Department Director Review:

Contract Start Date
Contract End Date
Renewal Start Date
Renewal End Date
Number of 12 month terms this renewal
Dollar Amount
Contractor Company Name
Contractor Contact
Contractor Address
Contractor Phone Number
Contractor Email
Type of Contract
Describe

ATTACHMENTS:
File Name	Description	Upload Date	Type
fs_288.106.pdf	FLORIDA STATUTES 288.106	11/20/2018	Cover Memo
RESOLUTION_ECONOMIC_DEV_PROJECT_BADEN_BADEN.doc	RESOLUTION	11/27/2018	Cover Memo

REVIEWERS:
Department	Reviewer	Action	Date
City Manager	Answerer	Approved	11/20/2018 - 2:27 PM
Purchasing	Answerer	Approved	11/20/2018 - 5:05 PM
Finance	sherman, randy	Approved	11/26/2018 - 8:03 AM
Attorney	Answerer	Approved	11/26/2018 - 1:53 PM
City Clerk	Robinson, Claudene	Approved	11/26/2018 - 5:17 PM
City Manager	Answerer	Approved	11/27/2018 - 12:17 PM