CC Minutes 02/27/2006 - Laserfiche WebLink

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CASSELBERRY CITY COMMISSION Minutes of February 27, 2006 - Regular Meeting Page 8 of 13 . Aunual Licensing And Software Maintenance Fees $ 1,387.50 Contract Connection, Inc. . Three (3) Shade Connection Shade Structures - Replacement Co-operative Purchase - City of Jacksonville Bid No. SC-0549-03 $17,857.85 Audience Participation: No audience comment request forms were received for this item. MOTION: Commissioner Doerner moyed to approve the Special Inyoice and Minor Contract Report dated as presented. Motion was seconded by Commissioner Cook. Motiou carried 4 - 0 by voice vote. B. RESOLUTION 06-1653 - INTERLOCAL AGREEMENT WITH SEMINOLE COUNTY TO PROVIDE INCENTIVE FUNDING TO DYNAFIRE. INC. & RELATED BUDGET TRANSFER ($25.000) The City Clerk read Resolution 06-1653 by title as follows: "A RESOLUTION OF THE CITY COMMISSION OF CASSELBERRY OF THE CITY OF CASSELBERRY, FLORIDA, RELATING TO ECONOMIC DEVELOPMENT, APPROVING AN INTERLOCAL AGREEMENT BETWEEN SEMINOLE COUNTY, FLORIDA AND THE CITY OF CASSELBERRY, PROVIDING FOR SEMINOLE COUNTY TO ADMINISTER AN AGREEMENT TO PROVIDE ECONOMIC DEVELOPMENT INCENTIVES TO DYNAFIRE, INC. PURSUANT TO THE COUNTY'S "JOBS GROWTH INCENTIVE PROGRAM;" AGREEING TO PAY $30,000 TO THE COUNTY AS THE CITY'S PORTION OF THE INCENTIVE PACKAGE; AGREEING TO OTHER STANDARD PROVISIONS OF A CITY -COUNTY ECONOMIC INCENTIVE AGREEMENT; AND PROVIDING FOR AN EFFECTIVE DATE." Staff Presentation: Mr. Wells stated Resolution 06-1653 provides for an interlocal agreement with Seminole County to allow the County to administer an agreement regarding economic development incentives to Dynafire, Inc. The total requested amount of assistance is $60,000. Seminole County is requesting that the City contribute $30,000 toward the requested amount. The Community Redevelopment Agency approved $5,000 for the project on February 17, 2006, in accordance with the Urban Design Standards adopted in 2003. Their motion also included a provision for the Community Redevelopment Agency to pay the remaining $25,000 inceutive if the City Commission chooses not do so at this time, subject to the City Commission reimbursing the Community Redevelopment Agency for the $25,000 portion prior to the expiration of the CRA in December 20 15. The Community Development Department staff performed a Return of Investment analysis of the DynaFire project and the analysis indicated the City's portion of the incentive investment could be recouped in 4.8 years. Staff recommended approval of Resolution 06-1653 as presented and related Budget Transfer 06-22 in the amount of $25,000 from the General Contingency Reserve.