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0 13-A <br />Bov 16 PA([ 747 <br />RESOLUTION AUTHORIZING THE EXPENDITURE OF <br />FUNDS FOR AN ECONOMIC DEVELOPMENT <br />PROJECT AND APPROVING AN AGREEMENT WITH <br />THE LEE COUNTY ECONOMIC DEVELOPMENT CORPORATION (LCEDC) <br />(REDMAN HOMES, INC.) <br />WHEREAS, notice of a public hearing was published that Lee County propose to <br />participate in the cost of an economic development project with LCEDC and the City of <br />Sanford, which consists of assisting with the upgrading of the water system for fire <br />protection and site preparation at the Harvey Faulk property on SR 1138 in southeastern <br />Lee County; and <br />WHEREAS, Redman Homes, Inc. will construct a mobile home manufacturing <br />plant of approximately 120,000 square feet on said site and create at least 100 new jobs in <br />Lee County. <br />NOW, THEREFORE, BE IT RESOLVED by The Board of Commissioners of <br />Lee County that the Board finds that the project will stimulate the local economy, promote <br />business, and result in the creation of a substantial number of jobs in the County; and <br />estimates that the County will recover its consideration for the project within 5 years or <br />less taking into account prospective tax revenues from improvements to be constructed on <br />the property, sales tax revenues generated in the area, as well as other prospective tax <br />revenues or income coming to the County as the result of the project. <br />BE IT FUTHER RESOLVED by the Board of Commissioners that it hereby <br />approves the expenditure of up to $95,000.00 of Economic Development funds for the <br />Redman Homes, Inc. project, and that the agreement between Lee County and LCEDC as <br />submitted to this meeting is hereby approved and the Chairman or Vice Chairman and the <br />Clerk to the Board are hereby authorized to execute the agreement on behalf of the <br />County, subject to a pre-audit certificate thereon and approved as to form and legality by <br />the County Attorney. <br />RESOLUTION AUTHORIZING THE EXPENDITURE OF FUNDS <br />FOR AN ECONOMIC DEVELOPMENT PROJECT AND APPROVING <br />AN AGREEMENT WITH THE LEE COUNTY ECONOMIC <br />DEVELOPMENT CORPORATION (LCEDC) <br />(CATERPILLAR, INC.) <br />WHEREAS, notice of a public hearing was published that Lee County proposed to <br />participate in the cost of an economic development project with LCEDC which consists of <br />site preparation at the former Herman Miller Industrial Plant in the Lee County Industrial <br />Park in northern Lee County; and <br />11 <br />