Res No. 33-17RESOLUTION NO. 33-17
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
DELRAY BEACH, FLORIDA, RECOMMENDING PROJECT BUTLER
BE APPROVED AS A QUALIFIED TARGET INDUSTRY BUSINESS
PURSUANT TO S.288.106, FLORIDA STATUTES; PROVIDING
APPROVAL FOR LOCAL FINANCIAL SUPPORT FOR THE
QUALIFIED TARGET INDUSTRY TAX REFUND WITH HIGH -
IMPACT SECTOR BONUS; PROVIDING FOR AN EFFECTIVE
DATE.
WHEREAS, the business under consideration is an existing early stage technology business
and is entitled to confidentiality pursuant to s. 288.075 Florida Statutes. For the purposes of this
resolution, the business shall be referred to as "PROJECT BUTLER"; and
WHEREAS, PROJECT BUTLER is an existing early stage technology company in Palm
Beach County that currently has 10 full-time employees with average wages exceeding the Palm
Beach county average wage; and
WHEREAS, PROJECT BUTLER seeks to expand its business activities to include the
corporate administration of its national customer base and offshore activities and has developed
plans to create 42 new jobs over the next three years; and
WHEREAS, the Economic Development Director of the City of Delray Beach has
identified PROJECT BUTLER as a Target Industry Business that falls within one of the high -
impact sectors designed under s.288.108, Florida Statutes, specifically technology, and is eligible to
apply for the Qualified Target Industry Tax Refund with a High -Impact Sector Bonus, pursuant to
s.288.106; and
WHEREAS, the City currently has funds for purpose of economic development
opportunities; and
WHEREAS, PROJECT BUTLER has requested financial support in the amount of twenty
percent (20%) of the total tax refund in order to be eligible for the Qualified Target Industry Tax
Refund Program pursuant s.288.106, Florida Statutes; and
WHEREAS, PROJECT BUTLER is also considering locations out of the State of Florida
including locations in Texas, California, Georgia, Massachusetts and New York due to the tax
incentives, geographic advantages as well as broad access to technology talent; and
Res No. 33-17
i
CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS:
Section 1. The foregoing recitals are hereby confirmed and ratified.
Section 2. That the City of Delray Beach hereby recommends PROJECT BUTLER be
approved as a Qualified Target Industry Business pursuant to s.288.106, Florida Statutes, subject to
State of Florida approvals.
Section 3. That the City of Delray Beach has accepted the basis of this project's average
private sector wage commitment calculation shall be 200% of the Palm Beach County average
annual wage and as presented in the company's Qualified Target Industry Tax Refund application
filed with the State of Florida.
Section 4. That the City of Delray Beach approves funding for PROJECT BUTLER for a
Qualified Target Industry Tax Refund with a High -Impact Sector Bonus in an amount not to exceed
$58,800, subject to State of Florida approvals and job creation compliance by the State of Florida.
Section 5. That the City of Delray Beach waives its Job Creation Incentive Program
Guidelines for PROJECT BUTLER in order to facilitate the City's 20% Local Match requirement in
the State Qualified Target Industry Tax Refund and in an amount not to $58,800.
Section 6. That the funds will be annually allocated through the City of Delray Beach's
budget process and made available in accordance with the guidelines set forth by the Florida
Department of Economic Opportunity with the stipulation that these funds are intended to
represent local financial support pursuant to s.288.106, Florida Statutes.
Section 7. This Resolution shall take effective immediately upon its adoption.
PASSED AND ADOPTED by the City Commission of the City of Delray Beach this 18ffi
day of April, 2017.
MAYOR
ATTEST:
f - N Q .lata,
City Clerk 0
Res No. 33-17