HomeMy WebLinkAbout2008 03 03 Referenced By Ron McLemore During Informational 100Date: March 3, 2008
This was referenced by Manager McLemore at
the March 3, 2008 City Commission Workshop
during the discussion of Informational Agenda
Item "100".
CITY OF WINTER SPRINGS, FLORIDA
1126 EAST STATE ROAD 434
WINTER SPRINGS, FLORIDA 32708-2799
Telephone (407) 327-5957 Facsimile (407) 327-6686
Ronald W. McLemore
City Manager
MEMORANDUM
TO:
FROM:
DATE:
SUBJ:
Mayor & City Commission
Ron McLemore, City Manager
February 28, 2008
SEED Program Workshop
George Houston, Central District Brownfield Coordinator for the Florida Department of
Environmental Protection, will be making a presentation to you Monday night. Below is a
brief outline of the SEED program.
What is the SEED program?
The SEED program is a state economic development initiative to accomplish two
purposes:
I. To provide general economic development opportunities is SEED designated
zones on a project by project basis.
II. To promote special economic development opportunities in SEED designated
zones for properties that require the clean-up of environmental contamination on
project by project basis.
What benefits are available for Economic Development Proiects in SEED designated
zones?
General Economic
Development Projects
Building Materials Sales Tax Rebate on
residential projects containing 20% or
more workforce housing units. I00%
Cash Rebates on projects generating $2
million in capital investment outlays and Non QTI* jobs - $2,000
at least 5 new full-time jobs. QTI* jobs - $5,000
Tax abatements and cash outlays for
clean-up expenses n/a
Sale of Tax Abatements to a Third Party n/a
Limits on lender liability for clean-up
requirements n/a
Limits on liability for clean-up on
adjacent properties n/a
Limits Federal enforcement intervention. n/a
Environmental
Clean-up Economic
Development Proiects
l00%
Non QTI* jobs - $2,000
QTI* jobs - $5,000
up to $2 million
up to $2 million
Yes
Yes
Yes
What properties can be included?
In general, any commercial property in need of development or redevelopment or
environmental clean-up.
In certain cases, residential property in need of environmental clean-up.
What does the City need to do to adopt the SEED program?
Adopt a Resolution defining the SEED area by property description and map.
Who administers the program?
The program is administered by the State of Florida and County Department of Economic
Development.
What does it cost to the City?
There is no required cost to the City. The City may match state job creation grants up to
$500 per job.
* Q.T.I. =Qualified Target Industry.