1998 - 04-07-98 Special Meeting - Laserfiche WebLink

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eoo{ 17 F C , e, 0 ? g WHEREAS, Frontier Jet Spinning will construct a manufacturing plant on the site which will represent an investment by Frontier Jet Spinning of at least $47,680,573.00 and create at least 100 ncwjobs in the County of Lee. NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the County of Lee that the Board finds that the project will stimulate the local economy, promote business, and result in the creation of a substantial number of jobs ill the County. and estimates that the County will recover its consideration for the project within five years or less taking into account prospective tax revenues from improvements to be constructed on the property, sales tax revenues generated in the area, as well as other prospective tax revenues or income coming to the County as a result of the project- BE IT FURTHER RESOLVED by the Board of Commissioners of the County of Lee that it hereby approves the attached agreement between the County of Lee and Lee County Economic Development Corporation and the Chairperson and County Clerk are hereby authorized to execute the agreement on behalf of the County. Commissioner Cox seconded the motion, and upon a vote, the results were as follows Aye: Cox, Garner, Mansfield, Matthews, Paschal and Reives Nay: None The Chairperson ruled the motion had been adopted unanimously. There being no further business to come before the Board, Commissioner Garner moved to close the public hearing and adjourn the special meeting. Commissioner Cox seconded the motion, and upon a vote, the results were as follows: Aye: Cox, Gamer, Mansfield, Matthews, Paschal and Reives Nay: None The Chairperson ruled the motion had been adopted unanimously and the meeting Bertha L. Matthews, Chairperson