Confidential Project Wonka Economic Incentive Agreement - $3,206,000.00
Approved minutesApproved Staff’s recommendation.
1 in the published record, 12 in the recordings
In the record
Published agenda1 item
Published agendas and the dispositions the approved minutes recorded. Twelve years, whether or not a camera was running.
R77ApprovedPublished agenda
In the room
Transcript12 moments
Machine transcription of 283 recorded meetings — 9% of decided items have one. Speaker names are inferred from voice and can be wrong.
- R77Confidential Project Wonka Economic Incentive Agreement - $3,206,000.00
Several speakers David Engel: the Pasco Economic Development Council, and he will introduce you to the project. Thank you.
- R77Confidential Project Wonka Economic Incentive Agreement - $3,206,000.00
David Engel collectively will be 564 jobs. The capital investment is $111 million, and uh the incentive proposal is $3.206 million, and it's broken down into three concise buckets of incentives. One is the job creation incentive. They have applied for 37 full-time employee jobs with an average wage of approximately $63,000 a year, which is 115% of the county average. We have a $3 million ad valorem rebate, which will be paid out over 10 years. Now, over that 10-year period, the general fund will be enduring $5.1%. 14 million. So it is net positive to the county general fund cash flow. And after 10 years, uh the incentive is is uh uh completed and then we get the full taxable advantage. The gross county product contribution is sixty-three point two million dollars a year. So I'm going to turn it over to Mr. Cronin, who's president and CEO of
- R77Confidential Project Wonka Economic Incentive Agreement - $3,206,000.00
Several speakers Starkey: We use them in our Starkey market.
- R77Confidential Project Wonka Economic Incentive Agreement - $3,206,000.00
Several speakers Starkey: Yeah.
- R77Confidential Project Wonka Economic Incentive Agreement - $3,206,000.00
Several speakers Mariano: Commissioner Starkey.
- R77Confidential Project Wonka Economic Incentive Agreement - $3,206,000.00
Several speakers Unidentified A: Oh sorry, Stasia Johnston on the SVP of strategic planning for Modern America.
- R77Confidential Project Wonka Economic Incentive Agreement - $3,206,000.00
Several speakers Starkey: We're gonna have to send them a pack.
- R77Confidential Project Wonka Economic Incentive Agreement - $3,206,000.00
Several speakers Bill Cronin: I'd like to ask them to say a few words.
- R77Confidential Project Wonka Economic Incentive Agreement - $3,206,000.00
Several speakers Mariano: Is that leading to a motion? Yeah, is that your motion? Oakley: Oh yes, I'll make a motion.
- R77Confidential Project Wonka Economic Incentive Agreement - $3,206,000.00
Weightman I think I think you oughta take a look at the cum quat. Here in Pasco County and maybe have a have a unique our counties our county's plant, some flavor. Make it a flavor and incorporate it into something, just saying.
- AR117Moffitt-Speros Economic Development Grant
David Engel Good morning, David Engel, Planning and Economic Development Director. It's my pleasure today to present a addendum item AR 117. This is a economic incentive request made by Moffitt Cancer and Research Center for the Spiro campus. The um the Moffitt organization is requesting. Investing a uh twenty one million dollar penny for Pasco commitment from the county to help fund a two hundred and twenty eight million dollar capital project. The the campus is located at the uh southeasterly corner of uh the Sun Coast and Ridge Road extension. And uh the pri the project is uh seeking twenty-one million dollars. Uh this uh twenty-one million dollars will be utilized as a local match support to a US EDA community development block grant, DR grant that will uh fund uh assist in funding a uh a five project scope uh consisting Of the two hundred and twenty-eight million dollars I just mentioned. The capital stack on the project is as follows.
- R77Confidential Project Wonka Economic Incentive Agreement - $3,206,000.00
Several speakers Mariano: And when you your name for the record?