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04 1 <br />RESOLUTION REQUESTING GRANT OF INCENTIVE FUNDS <br />FROM COUNTY OF LEE AND CITY OF SANFORD FOR <br />RED WOLF LLC PROJECT AND <br />AUTHORIZING THE EXECUTION AND DELIVERY OF <br />DOCUMENTS PERTAINING TO SAID PROJECT <br />WHEREAS, the Board of Directors of the Lee County Economic Development <br />Corporation (hereinafter sometimes referred to as LCEDC) have received and considered <br />a request from Red Wolf LLC for incentive funds from the County of Lee (hereinafter <br />sometimes referred to as County) and the City of Sanford (hereinafter sometimes referred <br />to as City) for the retrofitting and equipping of a manufacturing facility by Red Wolf <br />LLC Company on property leased by it in Lee County and City of Sanford, which will <br />consist of retrofitting a building and equipment and will be an investment of at least <br />$6,303,000 and will provide additional employment; and <br />WHEREAS, the Board of Directors has determined that the development of the <br />project would further the economic development of the County and the City, would <br />provide gainful employment, and be in the best interests of the people of Lee County and <br />City of Sanford; and <br />WHEREAS, the Board of Directors finds that the project meets the criteria for <br />the incentives from the County and City; and <br />WHEREAS, $102,491.00 is being requested from the County and $73,794.00 <br />from the City for the retrofitting of the building and equipment, and for the aiding and <br />encouraging of the location of the facility in Lee County and City of Sanford; and <br />WHEREAS, there have been submitted to this meeting forms of proposed <br />a agreeri?eP.tS het p. een this CO.^pOr 3t;Cn ^(I th° f L Sanford n a <br />a u., I`v'U❑ty of ec, cit'y' of and Red <br />Wolf LLC as follows: <br />1. Agreement between LCEDC and Red Wolf LLC regarding incentive <br />funds for Red Wolf LLC project; and <br />2. Agreement between LCEDC and the County of Lee and the City of <br />Sanford for the grant of funds; and <br />WHEREAS, the Board of Directors of LCEDC deems it in the best interests of <br />the people of Lee County and City of Sanford to offer incentives to secure the Red Wolf <br />LLC project and if approved by the Board of Commissioners of Lee County and Sanford <br />City Council, to authorize the execution and delivery of the proposed agreement; NOW, <br />THEREFORE-. <br />0 <br />