1999 - 11-15-99 Regular Meeting - Laserfiche WebLink

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025 BGu 17 P~cE 914 • Director Bob Heuts told the Board that Saiden Technologies, Inc. a Japanese company that manufactures adhesives, had expressed an interest in locating in the Lee County Industrial Park. The public hearing had been advertised to hear comments concerning granting incentives to Saiden Technologies, Inc. in the amount of $126,750, which would be used to build a new plant. This would be equal to one-half of the amount of taxes that the company would generate within the first five years of operation. He told the Board that this project would stimulate the local economy, promote business and result in the creation of at least five additional jobs in the County. Economic Development Director Bob Heuts spoke in favor of the incentive package. No one spoke in opposition to the proposed incentive package. Chairman Hincks closed the public hearing. Commissioner Sauls moved to approve a resolution to grant incentive funds from the County of Lee for the Saiden Technologies, Inc. project and an agreement regarding incentive funds for the project, copies of which are attached to these minutes and by this reference made a part hereof. Upon a vote, the results were as follows: Aye: Adams, Garner, Hincks, Matthews, Paschal, Reives, and Sauls • Nay: None The Chairman ruled the motion had been adopted unanimously. There being no further business to come before the Board, Commissioner Garner moved to adjourn the meeting. Upon a vote, the results were as follows: Aye: Adams, Garner, Hincks, Matthews, Paschal, Reives, and Sauls Nay: None The Chairman ruled the motion had been adopted unanimously and the meeting adjourned in keeping with the motion. Herbert A. Hincks, Chairman r L. 6