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0 0 <br />BOOK 21 PAGE 93 <br />RESOLUTION REQUESTING GRANT OF INCENTIVE FUNDS <br />FROM COUNTY OF LEE FOR <br />WYETH 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 Wyeth for incentive funds from the County of Lee (hereinafter sometimes <br />referred to as County) for the construction and equipping of an administrative facility by <br />Wyeth on property owned by it in Lee County, which will consist of construction of a <br />building containing not less than 150,000 square feet and the land, building and <br />equipment will be an investment of at least $50,000,000 and will provide a facility which <br />will help to retain a substantial number of jobs in Lee County; and <br />WHEREAS, the Board of Directors has determined that the construction of the <br />project would further the economic development of the County, would provide gainful <br />employment, and be in the best interests of the people of Lee County; and <br />WHEREAS, the Board of Directors finds that the project meets the criteria for <br />the incentives from the County; and <br />WHEREAS, $911,858.00 is being requested from the County for the cost of site <br />preparation, and for the aiding and encouraging of the location of the construction of the <br />facility in Lee County; and <br />WHEREAS, there have been submitted to this meeting forms of proposed <br />agreements between this corporation and the County of Lee and Wyeth as follows: <br />1. Agreement between LCEDC and Wyeth regarding incentive funds for <br />Wyeth project; and <br />2. Agreement between LCEDC and the County of Lee for the grant of funds; <br />and <br />WHEREAS, the Board of Directors of LCEDC deems it in the best interests of <br />the people of Lee County to offer incentives to secure Wyeth project and if approved by <br />the Board of Commissioners of Lee County, to authorize the execution and delivery of <br />the proposed agreement; NOW, THEREFORE <br />BE IT RESOLVED by the Board of Directors of LCEDC as follows: <br />1. That it hereby requests a grant from the County of Lee of $911,858.00 to <br />provide financial incentives for Wyeth project as hereinbefore described. <br />