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01U <br />LEE COUNTY <br />Committed Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT ITEM NO. III. B. <br />_ Information <br />Meeting Date: December 7, 2015 Action Item <br />XX Consent Agenda <br />SUBJECT: Incentive Agreement for Project Flint <br />DEPARTMENT: Administration <br />CONTACT PERSON: Kerry Self, County Attorney <br />REQUEST: Consider the attached Incentive Agreement for Project Flint <br />SUMMARY: At its November 16, 2015 meeting, the Board conducted a <br />public hearing and approved incentive funds for Project Flint in <br />the amount of $530,424. Project Flint will, in return, create 15 <br />new jobs at an average annual wage rate of $31,200 and <br />make at least $28,000,000 in taxable investment. Staff <br />worked with SAGA to incorporate these approved terms into <br />an Incentive Agreement, which is now being brought before <br />the Board for its consideration. <br />BUDGET IMPACT: Up to $530,424 over the six-year term of the Incentive <br />Agreement. <br />ATTACHMENT(S): Draft Incentive Agreement <br />PUBLIC HEARING: No <br />PRIOR BOARD ACTION: The Board approved the incentive after the public hearing held <br />on November 16, 2015 <br />RECOMMENDATION: Approve the Incentive Agreement for Project Flint as <br />presented <br />