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Home My WebLink About2011 10 10 Regular 601 Resolution 2011-47 Tax Abatement Program COMMISSION AGENDA Consent Informational ITEM 601 Public Hearing Regular X October 10, 2011 Mgr. / REQUEST: The City Manager and the Community Development Department request that the Resolution 2011-47 City Commission review and adopt approving the operational procedures for administering the Ad Valorem Tax Exemption program, which was approved by the City’s electorate by referendum on November 2, 2010. SYNOPSIS: The City Commission has expressed interest in creating programs that incentivize businesses that create qualifying jobs in the City. Florida Statutes Section 196.1995 gives a local government the ability to use Ad Valorem Tax Exemptions as a means to stimulate economic development. This exemption must first be approved and authorized by the City’s electorate through the referendum process. The City Commission approved the referendum process for the tax exemption program on March 23, 2009. On November 2, 2010, by a majority of approximately 53%, the City’s electorate approved the economic development tax exemption program to allow the City to give relocating or expanding businesses that meet specific program criteria an exemption of ad valorem taxes. In the City’s 2010-2012 Strategic Plan Goal 2, Strategy 12 identifies the development of a business incentive program to recruit qualified businesses to the City and create quality jobs. The Ad Valorem Tax Exemption program is structured similar to the Jobs Growth Incentive (JGI) Program. Both economic development tools are only available to targeted industry businesses that create qualified jobs. Program awards are at the discretion of the Commission and are administered on a case-by-case basis. CONSIDERATIONS: AD VALOREM TAX EXEMPTION PROGRAM CONSIDERATIONS: 1.The Ad Valorem Tax Exemption program is an exemption of ad valorem taxes (up to ten years) due to the City for an approved/qualified company. 2.Targeted industries must satisfy specific criteria, including minimum job creation amounts, salary levels and a job retention period, in order to apply for consideration. 3.The Winter Springs City Commission, after due diligence and evaluation of the potential economic impact of the project may, at its discretion and authority, approve and authorize October 10, 2011 Regular Item 601 Page 2 the City to enter into an Agreement with the applicant to facilitate the exemption. No exemptions may be applied prior to the satisfactory execution of an Ad Valorem Tax Exemption program Performance Agreement between the applicant and the City. 4.The applicant will submit annual reports to the City of Winter Springs documenting and attesting to the satisfaction of the terms and conditions of the executed Ad Valorem Tax Exemption program Performance Agreement. 5.Upon review by the City, if the applicant has not satisfied the terms and conditions of the Ad Valorem Tax Exemption program Performance Agreement, the City may terminate the Agreement or modify (Pro-rate) the amount of the subsequent years’ tax abatement amount to be commensurate with any partial satisfaction of the terms of the Performance Agreement. APPLICANT ELIGIBILITY: 1.Applicant must be a Winter Springs Targeted Industry: Targeted business sectors identified by the City of Winter Springs eligible to participate in this program include: Research Development and Testing Space Technology, Aviation and Aerospace Simulation, Modeling and Training Laser Technology Photonics Computer Software and Hardware Medical Labs and Technology Communications Corporate Headquarters / Professional Services 2.Non-Targeted Industries: Non-target industries may be eligible for consideration if the proposed expansion or relocation is proposed to occur: (1) within the City of Winter Springs; and (2) within or adjacent to targeted areas [i.e., Community Redevelopment Area, Seminole Economic Enhancement District (SEED), SeminoleWAY or other areas identified by the Winter Springs City Commission] pursuant to an adopted Resolution. 3.Minimum Job Creation Criteria: Relocating Companies - 25 Jobs Expanding Companies – 10% increase over present employment New or Start-up Companies - 3 New Jobs 4.Minimum Salary Criteria: a.Relocating Companies: 115% of Seminole County Average Annual Wage (SC Avg. Wage= $37,925) (115% of Avg. Wage=$43,614 as of 5/9/11) b.New or Expanding Companies: 80% of Seminole County Average Wage (SC Avg. Wage= $37,925) (80% of Avg. Wage=$30,340 as of 5/9/2011) October 10, 2011 Regular Item 601 Page 3 c.Relocating or Expanding Companies proposing to locate in a ‘targeted area:’ 80% of Seminole County Average Wage (SC Avg. Wage= $37,925) (80% of Avg. Wage=$30,340 as of 5/9/2011) (Average Wage Data Source: Enterprise Florida, Inc.) 5.Capital Investment: Consideration will be given to applications that propose the construction of new facilities or additions to existing facilities that provide an addition to the non-residential tax base. APPLICATION: 1.Applicants for consideration for participation in the Winter Springs Ad Valorem Tax Exemption program will complete an application form requiring the following development program information for submittal: Business Name and Federal ID Number (FEIN); Business description and NAICS classification; Primary Contact Information / Address; Proposed Physical Development Program / Expansion / Relocation Estimated Capital Investment Value of Proposed Expansion or Relocation (includes building value, long term lease and equipment); Timing, type and distribution of new jobs to be created, including position classification, annual wage and other benefits; Type and distribution of existing jobs to be retained, classification, annual wage and other benefits; Statement that “but for” the consideration of potential availability of incentives to offset development costs of the proposed expansion or relocation the Winter Springs site or facility would not be viable or under consideration; Requested period of tax abatement; (The Ad Valorem Tax Exemption Program was enacted in 2010 and will remain in effect until 2020) Anticipated Spin-Off impacts (Employee housing purchases, purchases associated with operations, etc.); and Anticipated use of local suppliers or contractors. 2.Applications and discussions between the City and applicants may be maintained confidential in accordance with the provisions of Section 288.075 of the Florida Statutes. October 10, 2011 Regular Item 601 Page 4 EVALUATION: 1.Completed Applications for consideration would be submitted to the City of Winter Springs City Manager, or the Manager’s designee, for a review of Application completeness and sufficiency; 2.A Staff level review would be completed by the City Manager and the City Attorney. 3.Upon a preliminary determination by the City Manager that the Application satisfies the requirements of this Resolution, the Application will be forwarded to the Winter Springs City Commission for preliminary consideration. The City Manager will forward the Application along with a recommendation as to whether or not the Application should be approved or denied, the amount of the award, and if approved, if any conditions are to be placed upon the award. APPROVAL: 1.The City Manager, or the Manager’s designee, shall prepare an Agenda item for consideration by the Winter Springs City Commission at a regularly scheduled City Commission meeting. 2.Said Agenda Item shall include: A complete and satisfactory Application; The findings and recommendations of the staff level review; A Ad Valorem Tax Exemption program Performance Agreement that details the proposed performance criteria of the applicant and City; The Summary Report of the staff level recommendations; and The anticipated ad-valorem taxes (or fiscal impact) to be generated by the Project and the anticipated time period for said ad-valorem taxes to equal and exceed the award amount (Return on Investment period). 3.Tax exemptions are approved at the discretion of the City of Winter Springs City Commission through the adoption of an Ordinance authorizing the tax exemptions to the qualified applicant. No exemption may exceed ten (10) years past the referendum approval date of November 2, 2010, unless the tax exemption program is authorized for another ten (10) year period by the electors of the City of Winter Springs. 4.No City-based taxes shall be abated, even if the application has been approved (Adopted Ordinance) by the City Commission until a complete and executed Tax Exemption Performance Agreement has been filed with the City Manager. October 10, 2011 Regular Item 601 Page 5 PERFORMANCE AGREEMENTS AND MONITORING: 1.Performance Agreements Tax Abatement Applicants that are approved (Adopted Ordinance) by the Winter Springs City Commission to receive a Winter Springs Tax Exemption shall be required to enter into a Tax Exemption Performance Agreement. This Performance Agreement will detail the Applicant’s responsibilities regarding specific job creation criteria, capital investment criteria, wage and salary criteria, timing, reporting requirements and other terms and conditions to satisfy agreed upon conditions and performance objectives. The Performance Agreement will also detail the City’s responsibilities regarding the amount or proportion of ad-valorem or personal property tax to be exempted and the term or duration of the exemption (abatement). No City of Winter Springs taxes may be exempted (abated) until the approved applicant has filed with the City Manager a fully executed Tax Abatement Performance Agreement. 2.Monitoring The satisfaction of the terms of the Performance Agreement shall be monitored by the City through an Annual Report to be submitted by the Applicant. Upon review by the City, if the applicant has not satisfied the terms and conditions of the Performance Agreement, the City may terminate the Agreement or Modify (Pro- rate) the amount of the subsequent years’ tax exemption (abatement) amount to be commensurate with any partial satisfaction of the terms of the Performance Agreement. The termination or modification of any Tax Exemption incentive proffered by the City shall be at the discretion of the Winter Springs City Commission. FISCAL IMPACT: There is no immediate fiscal impact associated with this agenda item. The way this program is structured no money is exchanged. As part of the evaluation of the Application, the City Manager, or the Manager’s designee, will prepare an economic impact report that will identify the economic impact associated with the operation of the Applicant’s facility and the potential cost to the City (reduced ad valorem revenue) regarding the proposed exemption. This economic impact report will be performed on a case-by-case basis and will assess, among other factors, the secondary economic benefits of the company’s relocation to or expansion in Winter Springs. Exemptions from ad valorem taxes will forego a portion of the City’s overall general fund revenue for a specified period of time when there are companies utilizing the program. October 10, 2011 Regular Item 601 Page 6 COMMUNICATION EFFORTS: This Agenda Item has been electronically forwarded to the Mayor and City Commission, City Manager, City Attorney/Staff, and all eAlert/eCitizen recipients; and is available on the City’s website, LaserFiche, and the City’s server. Additionally, portions of this Agenda Item are typed verbatim on the respective meeting agenda which has also been electronically forwarded to the individuals noted above; and which is also available on the City’s website, LaserFiche, and the City’s server; has been sent to City staff, media/press representatives who have requested agendas/agenda item information, homeowner’s associations/representatives on file with the City, and all individuals who have requested such information; and has been posted outside City Hall; posted inside City Hall with additional copies available for the general public; and posted at five (5) different locations around the City. This Agenda Item is also available to any new individual requestors. City Staff is always willing to discuss this or any Agenda Item with any interested individuals. RECOMMENDATION: The City Manager and Community Development Department are requesting that the City Resolution 2011-47 Commission to adopt approving the operational procedures for the City of Winter Springs Ad Valorem Tax Exemption program which will allow the City to utilize this economic development program as a business recruitment and retention tool. ATTACHMENTS: A - RESOLUTION 2011-47-Winter Springs Ad Valorem Tax Exemption program ßÌÌßÝØÓÛÒÌ ß RESOLUTION NO. 2011-47 A RESOLUTION OF THE CITY OF WINTER SPRINGS, SEMINOLE COUNTY, FLORIDA ESTABLISHING THE OPERATIONAL PROCEDURES FOR THE CITY’S ECONOMIC DEVELOPMENT AD VALOREM TAX EXEMPTION PROGRAM PURSUANT TO SECTION 196.1995, FLORIDA STATUTES AND AS ENABLED BY THE NOVEMBER 2, 2010 VOTE OF THE CITY ELECTORATE; PROVIDING LEGISLATIVE FINDINGS, PROVIDING FOR ELIGIBLE TARGETED INDUSTRIES; PROVIDING AN APPLICATION, EVALUATION AND APPROVAL PROCESS; PROVIDING FOR PERFORMANCE AGREEMENTS AND MONITORING; PROVIDING FOR CONFIDENTIALITY; PROVIDING FOR SEVERABILITY, REPEAL OF PRIOR INCONSISTENT RESOLUTIONS AND AN EFFECTIVE DATE. 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»½¬·±² îèèòðéëô Ú´±®·¼¿ Í¬¿¬«¬»ô ¿² ß°°´·½¿²¬ ³¿§ º·´» ¿ ©®·¬¬»² ®»¯«»¬ ©·¬¸ ¬¸» Ý·¬§ Ó¿²¿¹»® ¬± ³¿·²¬¿·² ¿ ½±²º·¼»²¬·¿´ ¿²§ ß°°´·½¿¬·±² º·´»¼ «²¼»® ¬¸· Î»±´«¬·±²ô ¿²¼ ¿²§ ®»´¿¬»¼ °®±°®·»¬¿®§ ½±²º·¼»²¬·¿´ ¼·½«·±² ¿²¼ ¼±½«³»²¬ò ÍÛÝÌ×ÑÒ éò ÍÛÊÛÎßÞ×Ô×ÌÇæ ×º ¿²§ »½¬·±²ô «¾»½¬·±²ô »²¬»²½»ô ½´¿«»ô °¸®¿»ô ©±®¼ô ±® °±®¬·±² ±º ¬¸· Î»±´«¬·±² · º±® ¿²§ ®»¿±² ¸»´¼ ·²ª¿´·¼ ±® «²½±²¬·¬«¬·±²¿´ ¾§ ¿ ½±«®¬ ±º ½±³°»¬»²¬ ¶«®·¼·½¬·±²ô ©¸»¬¸»® º±® «¾¬¿²¬·ª» ±® °®±½»¼«®¿´ ®»¿±²ô «½¸ °±®¬·±² ¸¿´´ ¾» ¼»»³»¼ ¿ »°¿®¿¬»ô ¼·¬·²½¬ô ¿²¼ ·²¼»°»²¼»²¬ °®±ª··±²ô ¿²¼ «½¸ ¸±´¼·²¹ ¸¿´´ ²±¬ ¿ºº»½¬ ¬¸» ª¿´·¼·¬§ ±º ¬¸» ®»³¿·²·²¹ °±®¬·±² ±º ¬¸· Î»±´«¬·±²ò ÍÛÝÌ×ÑÒ èò ÎÛÐÛßÔ ÑÚ ÐÎ×ÑÎ ×ÒÝÑÒÍ×ÍÌÛÒÌ ÎÛÍÑÔËÌ×ÑÒÍæ ß´´ °®·±® ®»±´«¬·±² ±® °¿®¬ ±º ®»±´«¬·±² ·² ½±²º´·½¬ ¸»®»©·¬¸ ¿®» ¸»®»¾§ ®»°»¿´»¼ ¬± ¬¸» »¨¬»²¬ ±º ¬¸» ½±²º´·½¬ò ÍÛÝÌ×ÑÒ çò ÛÚÚÛÝÌ×ÊÛ ÜßÌÛæ Ì¸· Î»±´«¬·±² ¸¿´´ ¾»½±³» »ºº»½¬·ª» ·³³»¼·¿¬»´§ «°±² ·¬ ¿¼±°¬·±² ¾§ ¬¸» Ý·¬§ Ý±³³··±² ±º ¬¸» Ý·¬§ ±º É·²¬»® Í°®·²¹ô Ú´±®·¼¿ò Åß¼±°¬·±² Ð¿¹» Ú±´´±©Ã Ý·¬§ ±º É·²¬»® Í°®·²¹ Î»±´«¬·±² Ò±ò îðïïóìé Ð¿¹» é ±º è ßÌÌßÝØÓÛÒÌ ß ßÜÑÐÌÛÜ ¾§ ¬¸» Ý·¬§ Ý±³³··±² ±º É·²¬»® Í°®·²¹ô Ú´±®·¼¿ô ·² ¿ ®»¹«´¿® ³»»¬·²¹ ¿»³¾´»¼ ±² ¬¸· ¼¿§ ±º ô îðïïò ÝØßÎÔÛÍ ÔßÝÛÇô Ó¿§±® ßÌÌÛÍÌæ ßÒÜÎÛß ÔÑÎÛÒÆÑóÔËßÝÛÍô Ý·¬§ Ý´»®µ ß°°®±ª»¼ ¿ ¬± ´»¹¿´ º±®³ ¿²¼ «ºº·½·»²½§ º±® ¬¸» Ý·¬§ ±º É·²¬»® Í°®·²¹ ±²´§æ ßÒÌØÑÒÇ ßò ÙßÎÙßÒÛÍÛô Ý·¬§ ß¬¬±®²»§ Ý·¬§ ±º É·²¬»® Í°®·²¹ Î»±´«¬·±² Ò±ò îðïïóìé Ð¿¹» è ±º è RESOLLiTION :�0. 2011-47 A RESOLGTIO'� OF THE CITY' OF �Vi\TER SPRING5, SE��I�OLE COL�\TY, FLORIDA EST:�BLISHING THE OPERATI0I�,AL PROCEDIJRES FQR THE CITY'S ECONOl1�TiC DEVELOP��IE\T AD VALOREM TAX E7�EMPTIO\ PROGRAM PC;RSUA�T TO SECTION 196.1995, FLORIDA STATCTES A1D AS ENABLED BY THE NO�'E�'�1BER 2, 2010 �'OTE OF T1-IE CITI` ELECTQRATE; PRO�'iDiNG LEGISLATI�'E FTIDINGS, PRO`'i:DI\C FQR ELIGIBLE TARGETED i1DL;STRIES; PRO�'IDL\G A� :�PPLICATION, EVALU��TIO\ :�ND APPRO�'AL PROCESS, PRO�'ID1NG FOR PERFORI'lA10E AGREENIE\T5 A\D i�10\ITORING; PROVIDING FOR CONFIDENTIALITV; PROVIDiNG FOR SE�'ERABILiT�', REPEAL OF PRIQR INCO\SISTEtiT RESOLUTIONS A\D .�1 EFFECTIVE DATE. �X/HEREAS, rhe Cit�> (:ommi�sioi� h�ts sh�>«-n a sTrate;;ic ��ric,rin- to pursue ecc�n<>inic ilrt-elc��i�ze��t an�i di� �:�f rhe r�is 1��5e; ancl WHEREAS t (;it� C<:�inmi��ion dcsires To recruir and induce tar�excd industries to relocatc rheir f;icilities tc� ��'inter ��rin�.7s c�r cipand e�isrin�.7 facilities s�nd tt:� cre�tte job oppc>rTuniti�s for \�'inTer Sprin�s resideuts; and ��HEREAS, The (.�ite (_:omit�i�sion h�ts sl�o« de�ire t<.> create grant �rc>;;ra�ns Ec>r rir�;eted de�-elopment meetin� ca e�ral>]ishecl I:�� tlie (uin; �tnd ��HEREAS, rlic csral�lisllnic�ir c�t a t\cl �'alc>reiri 'I'a� l��leinption pr�:�,;r,�in is coiisiste�ir ��eir11 tl�ie Cit�'s priorir�� ro F�ur�t�e ccoiiosnic c�le�-e1��'�F�iilcnt a�ld c�l��-ersitication «f tlie t�i� h;ise; .incl - �x�HEREAS, The r�t,tblis]Zi��enr c�f �i ��l �'stic>>°f:n� T'�il Ftemptic�n pro�r<im ��•ithin tlle Cin ot �C-'inrer ti��i�ill�s l�vtincl;tries is ,tuchc>t-izrd bt SecCioil .�, .\rtic'le �'TI c:�f STate c>f I��lorid;t�Constirution ,�nd ,llso ,luthorize�l 1��- Sertion 1��G.�19�)� 1��1<�ricla Sr��tur�s; and WHEREAS, rhe esrablislunenr c>f ;t 11d �'alcirern 'I'al L�e�nptirui pro�?r:trn «-as auTl�orized b�- che electors c.�f the Cit�- c>f �\-'i�iTer Spi�in�� tlirou�h tlle '�c��-eml:�er ?, 3011i Referendui��, in acc��rdatice «-ith Sectic>n l')G.199� Fl��t•ida St<itutes; and NO�w, THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS, SEMINOLE COLiNTY, FLORIDA, THAT: SECTION 1. LEGISLATIVE FINDINGS AND RECITALS; SHORT TITLE. The pro� set focCh in the re:c:it�ils ro rlii� Resc:�lttric>n t,t� clatisesl ;�i•e hercb�• adopted 1>� the (;ir�- Corniilissic.,n c�f rhe (:it� ot \� iil[er tiF�riui�s ;is nc� lci�i�l,iri� e Cir�• ��r \�'inrer �pi�itl,;s Resoluti<:�t� �o. ?(.)1 l-=�� Pa�>e 1 of 5 tiiidi�l�s .uid recit,ils I�ertairuils� ro this Resoluric,ri. '1'lu� Rtsc>luti<�ii sh,tll 17e s7entrall�- l�ic��t-ii a� the `'��-�tnter Sprin�s ;-1d �'�tlorem Taz i�:�emption Pro�ram." � SECTION 2. i:\TE\T. Tt is rhe. intent oF the Cir�- (;<.>mit�issia� c�f rhe (�;it�� ot tX-'inTer� Spt�in�;s ro pro�-icle fac�>r<il>le ccmditions Ec>r tlle gro�i-Th of tat;�;et industries ,ind l�usinc sses witlun tar�;eted ;treas of the (;irti and to ��rc��-i�le emplcn tneiit oppc>rruniries for residcnrs of the t;it�- rhat ��=i11 cnhance anc( di��crsifv the econcu7iic ra� base of th� Cit�' h� pro�-idin;; eli;;il,le compa��ies the c>ppc�rrunit�� To app1� for cc>nsic(eration Tc> ha��e Their ��'inter �priii�;s ad-��,llc>rem ,irid tan,7ible per�c�iial pr<>I�ert�� r,iies eic•mpt�d ;ah,ired) for ,t period ot t.ime i_il accr>rd,irlce ��irll tl�e Trt-n�s ,�nd c'riTe�-ia of rhis Resr>1ut�io�i ,�nd authc�i Reterendui��. It is fut-tlier the incent ot this Resolution to o��l�- c7tifer the pos�il>ilitc <�f �id �-alc:�rem Prc��ern� r�i1 e�emptic�n ro rle«- l:�usine�ses �:t�ze] e�p<irlsion c>E ezistin� businesses Tl��lt s<ttist� nc� eli�ibilitt recluircinents ser forth uudcr sectiori 19G.199;, l�lc:�riila St;�tuTes, ,ind thi� Rcsol�rtiori. � SECTION 3. ELIGIBLE TARGET�ED INDL�;�STRIES AND ELEIGIBILITY REQL)IRENIENTS. In t>s�der to 1:>e c�li�,il:71e �o rei:ei�-e �tn ezemptio❑ fronl ,td-v;�lorem ,it1d tan�;iblc: prrsonal propertt- r�ises a husirles� �eel:in� ro loc<ite or el��<inil �t-irhin the Cit�- of ��`inter �pi�in�s musT s,itish- tlie f�>llo��-in�; conditions: � a} Applicant Ynust be a Ne�v Business or Etipansion of an Existing Business: `1`l1e �i��plica�it inust (.�� a"I�c«� busi�le�s" ar .lti "L�.Lpaiisic>u c>f r�ri e�isri�i� husi�lcs�" ;�s definec� in sectic>n 19G.(11?!'15j c�r (lG}, Flc.>rida ltatutes. b) Applicant rnust be a ��Jinter Sprinbs Targeted Industry: , I . tr�;eteci bttsiucss sectors ide�ititied b�' The (;it� ��f \�`inTer tipriti�s cli�>,ihlc to ��articipate in t�lis j�ro�;ram include: � 1Z�.earch lle� �lnd "1 estin� • Space Techn��lo�;�-, .'��-iation ar�d :�erc�>sp��ce • Siinulation, `Iodeliii,7 stiid "1'rairuii� • I;<i,e�� Techn��lo�T� • PI�ioCOnics • CompuTer S��ft«-,7rc ,rnd I • �tedical L��1_�� ind Tec}inolo�l- � � • Corporaxc � / Professiori:tl Ser�-iccs c) Non-Targeted Industries: Lon-ta<<�et ii�dustl-ies ma�� l:>e eli�;ihle fvr c�c>nsidre�ition if the prt>posed e�p�tnsion or relocation is prc�posed to occur: (lj �citl�_iil The C;ir�� oE��".inter Sprin�;s; �tnd (?l ��-itl�in or ac'.ljaceiit to ts�i;�e�eed econc�mic dr� arE<�s (i.e., Commtialin Rede� ��_`I.1�' Ot `��I11.C(.1' ��i't11tiS Re�olurion �o. ?C)1 l-4� P,t�;e ? c>f 5 ��reas, �eiiliiic�l�\�'ati- <�r c�tller are.�s ideiitified h� t �4iilter tiprin�?s (;it� (:��illini�sic�ii� �ursu��.nt tp an adc,ptec� Resoluti<�n. � d) 1�Iinimum Job Creation Criteria: • Relocatin� (;�.,n�1F,�a�ues - lU�c��l�� linin�luin � L:�p,�ildii�,� Compaiu�s — 10 Jc:�hs �Iiiuinum iiicreas� over ��reseiit cmplo�-ineur � I�e��- <,r Starr-iip Cc>>t�p<uries -(U I�e�i- Ji�l:�s e) l�ZiYiiinum Salary Criteria: • F�pan�lin�;%Rel<x�atin�;ll�;e«- or 5rart-up Cc>mE�anies "11;`io ot Setninole Cc>unt� ��•era�e ��nnual \�'s�,�e �e.�;., S(: ��•;;. ��'a�7e= �3�,9?=,) ( I 1=,°io of :��-�. �k st�e=543,614 as c,f 7/9,/11 j (�1� era \\';t;�c llstr;l Sc:,tirce: l_:,1rcrl�rise l'lorida, Iiir.j � CapitalInvestment: (�orlsicler�thon �t-i11 be tii�-r�1 ko applic�ttions Ch�tt prca��c>se tlle cc>ilstructic>n of rle«- f>tcilitie� ut adc3iriotls tc> e�i�rin� f�tc�lities rhat ��r<>�-ide <in addition to Tlle nc>n-resicjenCi,tl ra1 1>ase. SECTION �. PROVIDING A�N APPLIC�T�I�ON, EVALLJATI�ON� AND APPRO�'AL PROC"ESS The foll<��i �tpplic,tti<>n, e� anij appro�-,i.l process «-ill 1_�e utilized to <idminister the ��'inTer Spi :�1d V�ilorem Tas I:�empti�>n Prc>�;ram. a) Application �lpplic,�nts for consider�ttion for parTicipation in the �4'inter Spriri�s .'1d �';tlorcni `I'<t.i L�einprio�i Prc>tiratil ��ill caillf�lete ad subinit ,tn ,lp�>lic�ltioii tc>rtn recluiriri�; the follc��t•iii� nzinunuit� de� ��ro�;i-an� inYocmatic>n: • L�usiii�ss Nairle, lc.�carion ,iiici l;'ecier<il lll i�tirilbcr (I LI�j; � �3ttstnt•ss de�cciption <ind'�;r�ICS cl�ts�itic�trion; • Prim<ii C:orlract Ttlf��cm�iti�>rl ! ,-��jress; • Prol�osed 1'h� sic,�l lle�•clopment 1'ro�ram ,� L�F�au�ion j Rel��r.ation • Prc>of th�rt d1e� 13tisitles� s<itisties Che definition of a"�ie��° bti�siness" or "Llp�t�lsiori c>f c�istiti�; bu�iricss," as cletiiiecl iii secTir,n 196.(l1?(laj or (1Ei), I'lc:�ricla Statutes. • :� descriJ�riou c�E C}�e imprr��-ements Te� re�tl prc�pertt' f<.7r �� hich ,irl c�emption is reqttestcd ,tiid Tlie d;tte of cotnmenceincnr ot coristrtzcri��n ot st�ch iinpr�>��tri��irs c �ir�' c:�t \�'inre�i� Sl�c��1�� Resc:�ltltic�n �c�. ?O1 l-4� P,t�7e 3 c:�f 5 • :a descriptie>n c>F ihe t�an;>,il:ale ��erson�il propern- tc�i- «•hi�:h an c.�emption is requ�sted and the d,ltes «�lien such prol�err�� «•as or is to bc purchased. • F.stim�ired (:<t��itril Tr1�-estmenr �'allle c,E Propc>sed F,�p�insion <.�r Relocatioii (includes buildiu� ��ilue, loii� term lease anci ecluiptne�lt); • Tinlin�, t�-pe and distriburion of ne�z- jobs ro l:>e created, i��'lttdin� positic>n c.lassitication, full or pait-riine, anntr.�l �va�.7e and otl�ier bcnetirs; ' • Tt-pe <u�d disti�ibution of ��istin le>1>s to be retained, c']assitication, fi111 ��t� part-rinze, aunual ��,t,;e and other benetiTS; • titaretncrir that "b�ut f<>r" rhe ronsiderarion of pc.�renti;�l �lvailal,�ilit�� oE inc'enti�-es to r.>EEset de�-ele��menr ec>sts of the ��rope>sed e�parlsion c�r relocation tlie ��'ii�ter SE�rin;;s site r:�r f�icilitt t}ze elp,tnsic�n or relc�catie>n �v�auld n�t be �-i,�ble e�r tincler consicler,�tic�n; • Rec�uesrrd E�eriod c,f t�i� e�empC�c,n, not rc� e1��eecj It) `�ears; ;"Lhr �Y'intei• Sprin;;s :�d �'alc,rem �I�ati F Prc>;;ram ��ts en,�ctecj 1�� the � ii� 2O10 suld «-i11 ,�emain i,l e�Eect ii»til 2C??(l. H.<�� e�-cr,� nnless judiciall� deterinined �:�thcr��-ise, the tcrtn of aii eicill})tion �>r,lnTec( 1)rior tr� tlle e1lur�ttiO�1 ot tlle ?U?(1 Tixne lin7iT m�i�• estenci� he��r>nij tlie rime rhe Cir�- is sturhorized cc> �t�,tnr sucll rzei�l��ti�>n. Si�r� T�l<l. :�C:�O. 2OOh-??j . • :1ilticip;ite �piii-()ft iin��,tcrs �l�inplc��ec housui;; purcli,tses, pt�rchases assc:>ci<itcd �a-ith �per,ixic�ns, err.;; and • rinticip��ted use c.>f local su1�pliers or contrstcTOrs. b) E�-aluation • ,�11 completecl .�pplic��ticu�s for cc�ilsideration shstl] be submitted tc� tlie Cit�' c�f \�'iriter $F,ri�lx>s' (.;ir� i�Isiiia or Yhe J1<tn:t�;er's desi�;nce, fc�r ,� r��ie�� tc� detexinine th;tt tlle .tpj�licatic��1 is cc>t,�J�lere <ind stifticic:rlt; • �1'he :�p��lic;tticul sha11 he subject tr:� rc�•ie�� lr� thc (;it� :�1;tna:;er �iid Cirt� �Attciriie�°. • C'pan a prelimin;ir�- cieterinin.tric->n 6�- thc Cir� Jlan,i rh�it thc :1pplic;�tic,n satisties thc rcquireincrits of tliis Rese�lutic:�ri, the :lpplication ��-ill bc for��s�rcled tc� thc ��'inres Sprin�s (;it�> (:ommis�io�1 For pf•elirnicl,ir�- cc�nsi�leration. The (:it�- \I�tna�;ef- �t�ill fc>i-�t-ard tl�e :-��lic�ttic>n ,ilc�n�; «-ir1� >i recc>i��mendation as to ��-lietlici: c:�r nc>t tlie �1p��lic<ttie�n should l�e apprc>veci c:>r denied, the ainc�unr of thc <t�vard, and if apprc��ec(, if an�> conditions are to l��e Placcd upon the �a��ard. Cin- or ��'inrt c �;p�•in�;s RE^sc>luti<>n �ic>. ?O l I -4� P�t�?e 4 of 5 • If the C:ih- (::�>inmi�:sio�1, tlpc�n prelimin�irt- c�>ilsidera�kion, desires tc� purst:�c tiraiitiii�; .ln erc>iioillic de��e.1c:+I�tneriY ad �•,tl<:>reiil c�emF�tic�n ru che <1F�plicant, tht (;ir�� (,:c,rrin�lis�ian shall deli��-er a c<>p� ot tlie �1pl�lic,ttion to rhe �Srtninc�l� (;ount�' 1'rc�p�i:tt' .��praiser, «-ho sh;ill issue a re��ort rc> the (;it� (:oininission in accorci<ince �vid1� The rec�uirer»enrs of srctu»:1 L96.1995(��1, Flc>ricja � CR C11Tc'S. c) Appro�-a1 • IE the Pf�e�pei�T`� Appraiser's f�epc.>rr determines t}Zar rlle :�pplic��ilr's t'equest is tc> be. inco��J�c>ra.te.d into a ne«- business or rhe cxl.�<tnsion ot an e�istiti� busiuess, rhe (;it� �1.tna�er, c�r the i\Ian,t�er's desi�;iiec, sh,ill prep;tre an .l�;end�t item tor cc>nsiciesaticui k�� the \� inrer Spriii�;s (:;it� (:omxnitision at a re;;ul,irl�- �clledtilecj (�:in- (lommi�sion meetit��. • Said :1,�;enda Itein sh;t11 iiiclude: ■ A cc,m�let�� ti�d s�itisfact�ar�� :-�pplicatic�,n; ■ "I�he f ndin�s �incj recc,mmend�irions c,f rhe Cin 1lan�t�;er; • _=� c<�,pv c>� el�e Pro��ern� :�p�raisc.i's report; . • :� Ta� F.seit�ptio�l Perfc>rmstnce :-\ rh�it cjerail� the J�roposec3 F�ei�form<lnr.e cs�ireria uf the applic�nt anil (.; in-; ■ "Thc anticil�slted �a:��ir�inic ,�nd ti�cal im�art associat�d ��ith facilit�r's o�er��tion, tlirect job cresitioii .�inci indirecr job cre,tri<�ri; �ind ■ �1 draft ()rdirlance �rantiii� an e�emption undcr tlus Kesolution ;ir7d pursu��nr to The terins a�rid conclition� of the �Ta1 T�;�en�ptic>il PerEe>rm�tticr .� � :�11 ,icj �-<ilorem t�it r�ei�t�ptir>ns �ranted ptirsuanr to tlzis R��t�ltiiTi��:��1 sh,all lac appro�-ed at the sole discrerion r,�f rhe C:ih- c�f �t'iiiter S��riritis (;iT� (;c:�rtliliissioii rhrc:>u�?11 the ��c(c�ptic�n of �tii ()rdina�ice s�urlu:�riiin,> thc ,'r,inr of r,l� eseni��tic:�ns rc> the �pccitic. applic,�nt. Nc, etirmptican i»�t�� r�ceetl te.n ( l t)j � �o e:tiempTir�tls m,i�� he �r,tnted 1��- Chr (_:ir�� (uc:�mmi�sio» �iftri� I�o�-e�nber ?, ?(12(), unlc•ss the t;ii c��e�li��rio�i ��ro;;r,tin i; .�utht:�rized tc�r ,�norlier teri (1O) ��eai period b�� r11c el��rors of tlie (,iT� of \�'iriTer �prin�s. � .111 'I L:semption Perforinanc� i'1 a��prc.��•e�1 uiider this Resolution shall be tilecl ��-ith the (;ir�- Clerk for safr l�c�epin�>. C.:iri of ��'inrer Spriil�;s ResoluCiot� �c�. ?O1 l-4 Pa�e =� of 5 SECTION 5. PROVIDING FOR PERFORNI�NCE AGREE�IENTS ��'�D 1�iONITORI\'G a) Perfonnance A�reements �,�111 a�l � ts�t etiemptic�ns �r,ulted pursuai�t ro rhi� Resc�lution sha11 be subject ro >t «riTten '1',1� Licmptic:�n Perfc�r�n,incc ��t;;reernenr appro�-�d b�� tlie Cit�• Corninissi<iil. � 'I'lus Perform:rric�� :1�?reeinenT �� ill detail the .lpplicanT's responsibiliti�s re;;,irdin�; sF�ecific. jcib creation criteri<l, capital lI1G'GSt1T1C'11T ( l'ITt'ilrt, �UR�TE ;111C1 5�ll,ifl" GIYTC'.11�1, IiTT11T1L;, It'IJ(")fiill� requirernc.rirs .iiid z-�thcx terrns aud e�nc drerried necessar� 17�� t11e (1it�� (_:��i��missi��rl To ensui�e that the a�i �-alc>i-e«� r�i� e�einption tir��nxed bG- tlie (�it�- is consisrenx «-irh la«- and die :;r�u�t appro�-ed h>> tl�e Cin Cc�mrnissic,li, and ii1 furthei�iuce �t rl�ic pul,�lic's l I11;('� L"<'. � r. b) Moiiitaring •�The 11pP1icalic sh<tll be rc�c�uired ro coiii��1�� irll the rerins ;�nd cx>nditions ot t}�c: Pe�-Formance :=�tireetnE:nt �� a c:ondition tc> re�:ei�-in� tl�e bei�etirs <�f the ad � tas e�emption. Compli,ince sh��ll l�e ��lonitored b� rlle Cit�� thr<_,n�h �lu :=��inual Repos-t ro be stibmiTted b� Tlle :��plicanr and tlirc>ti�l� pe,'ir�di�: �ire and records i�ispecrious b� the Citti . • Tl�e Cit�• sllall lia�-e The ri�hT to tertnin,ite rhe Pe�-fc.>rinance .'��reement u��ot� �lt�� matecial bre�tc�h of an�- teran �r col�ditipu of this ��;reeinent b� the :�pplic,inr; if rh� ��lpplicant is declarecl b.lnl�rupr or iiisol��eiit; iE rlle �lppliraiit adopts s� pl;in or resolutic:�ii of lic1uid:�Ti<ni ��r sul�sranriall�- sells ,:ill of its a.sets; if th� ��.�plicanr etlti,t in fr�itid c_�r n�i�lea�ii�l� ci�nlpliance repc>rtiil� <i�;<�inst tlle t.;ih=; oc if si �ecei�-er or trusree is �}��<>inxed <�r� behrilf of t}1e .•lpplicant for pui-pose� of rakin,� conTrol oE subst�u�Tiall�- all of Che �'lpplic.i�it's a�sets �� itliin rh� (;ir�� c,f ��'inter �prin�.7�, r�r the �aid assers ;lrt� judiriall� srizecl f�>r an� r�;isorls, and ��osscs�i�.�n of said ,��sets �i�e nor rele�ised re� rhe .lpplicaur �virllin iunet� (�>(lj da� s arid rliexeb�� subsr�intiall�� disruptiil�7 t ��pE>licanr's �ihilir� . to opcxare the busines� in ��-hicli the acl �-ialocem C�t� es<:mpCi<>n is hased. • ln adclitie�ii, iii nc�� e� erit tile r�ppli�aiir l��ie��ches tlie YerforiYi��iice 1�reemenc, the (;in- sh,�ll ha�-e rhe ri;;ht ti� re�-o�e or inodif�- thc a�l v�tic�rein e�emptic�u aucl tc> re-itnpose, in part c>r in fu11, rhe ;td � r,tle� rlempted, plu� inrerest accrued ��t rhe ma�imu�t� rate allo�ved 1_�� la��-. T}Ze (:in- ccill �.ic>tif�� The -,%��plicant in ��itir��; ic��s�rdin� tl�i� �re��ocatic�ri or inc�ctiticati��n c�t tli�� ez�mption and C.:in' <:>t �Y'intec 5�rin�s Rc:soluuon �c>. ?t)1 l-4? Pa��e6c>t8 ��uch nt>tice s�i�lll s�:t forttl thc tot,�ll suin of an�� reirnburseri�ieut due and cnt-in� ro rhr Citt�. fI"11e :�1�1?Lc:ant sl�<ill t�ri��btii-se the Citc «-ithial 30 cj�i�-s from rhe :-�pplic�uar's receipt c�E rlie Cit��'s notice tiiiless tlle <�p£�lic;t�it cures tlie breacll ��-itliiii 1� d�t�-� of recei��iri:; th� notice. Shuuld thc ��pF�licint fi�il ro rurc the l��reacl�i or reiinburs� the C;it� ��itliul 3O d,��s, tlle (;it�- shall be enritled to recc.�vc:r nc� tees a�id raaes due ;�iicl r��iil� ro tlic: (;ic�-. 1��irther, rlle Cit�� sh�ill be entitled to recc>�-ec ce.isc,ns�l�le sietu��ne�-s' fees and ce�sTS in�urrecj in cc�llrctinti saii3 te�s and C>t�e� t11re>u�;l��ill ap�ell<ire pa-ocee�ltn��s. �I�>re�>i dze Ci[� sllstll ha�-e the ri,�ht to recc>�-ec dae fees ,ind tazc:� tll�•oti�li ,tn�- ,iild �ill a�-,iilable le�;al meacls, includin�>, l7ut not limired to, re,t�ses�iri� ta�es s�nd asse�sments on the ral roles of Setninole (;aunr�, f�lori�la, ancl brin�;in�.7 ,�n s�ctic>n in a st��te or fe�ier�il court. SECTION 6. CONFIDENTIALITY. 1'ursuant r<� �ecti<,rl ?88.(1 >, I��I<uici�t Starutes �tii �1��licant m:«� til� ,� ��ritr�n r�qui.st �vith nc� (:it�� i�li�il,.?er rc� �riauit,�iu as c�.�nficienrial ar1�� i�pplicatio�i tiled under rhis Resoltiti��i, �it�c� a��- related Pra��r�iet�ir-�- cc>n�denti,al d�scussions ancl documeiirs. SECTION 7. SEVERABILITY'. It aii�- section, subsecrion, �ciitence, cl,tu�e, phrase, ��•c>rd, c�r portic�n af this R�soluTicui is for �tnv� rc��sos1 helci in��-;�tlic1 or uncr�nstiTittiorl�tl h�' ,� c�attrt ��f coniF�etcnt jtii•isdicri�>il, ��-hether Ec�r �til�st;inti�-e or pi-ocedtir>il rrasons, stich f�c�rtic:�il sh�ill be deett�eij �:t sep�u-ate, distinet, an�] inde}�endenr pco�-ision, ,tnd suc�l� holdiil� sl�,ill not aEfect the �-,i.lidit�- of the i�ei�lainin� ��orCic.uls of this Resoltltion. � SECTION 8. REPEAL OF PRIOR INCONSISTENT RESOLLITIONS. 11ll ��ri<>r r«�,luti��us or ��arrs ot resolutic,ii� iri co�iflicr I�iez�e��-itli <lie herc�(�t- repe�lle.c( rc-� tlie csrcnt c.�t rhe contlict. " SECTION 9. EFFECTIVE DATE. "1'his Resc�luri<:�n shall become etfecti��c inunediatel� upon its ;idc,prion h� rhe �;ir� Cc:�iilmission c�f [lie (;it� c:�f \\ itiY� r SF�rin�?s, Florid,i. [:-�di>ptic>il P<i�;e �olla��-s] (.�itt- of ��'inrer Spcin�;s Resohition \;o. ?t)1 l-4� P�117e � or 8 ADOPTED by the City Cominission of Winter Springs, Florida, in a regular meeting assembled on this 10`" day of October, 2011. C*1 , ` CHARLES � CEY, N r. ANDR�A LORENZO-LUACES, City Clerk Approved a o legal form and sufficiency for the City W� Springs only: ANTHONY A. GARGANESE, City Attorney City of Winter Springs Resolution No. 2011-47 Page 8 of 8