§ 49-34. Implementation.

(a)

Under this job creation investment program, the eligible company located within Eastern Collier County may be awarded $2,000.00 per new full-time job created, with a minimum of ten new full-time jobs to be created; or the eligible company may be awarded $3,000.00 per full-time job created if the project is located within the enterprise community, with a minimum of five new jobs created; or, as approved by the sole discretion of the board, a company may be awarded $2,000.00 per job created within a high impact area, with a minimum of 20 new jobs created. Any award under this program is subject to funding availability. If a company also participates in the State of Florida Qualified Targeted Industry (QTI) tax incentive program, and is approved to participate in this job creation investment program, the company will be eligible for only $1,000.00 per new job created regardless of its location within Collier County. The funds will be paid, based on the number of new full-time jobs created, in equal amounts over a three-year time period.

(b)

The eligible business under the job creation investment program will enter into a job creation investment program agreement (the agreement) with the county, and the agreement must provide for, as a minimum, the following and will include any provisions deemed necessary by the board to effectuate the provisions of this article:

(1)

The legal description of the development.

(2)

Neither the payment of funds, nor the agreement providing for the payment of funds, may be transferred, assigned, credited or otherwise conveyed from the property without prior written approval from the county.

(3)

In the event the non-county party is in default under the Agreement, and the default is not cured within 30 days after written notice is provided to the owner, the board may bring a civil action to enforce the agreement or declare that the grant funds are thence immediately due and payable. The board is entitled to recover all fees and costs, including attorney's fees and costs, incurred by the county in enforcing the agreement, plus interest at the then maximum statutory rate for final judgments, calculated on a calendar day basis until paid.

(4)

The agreement must be recorded in the official records of Collier County at no cost to the county.

(c)

Reserved.

(d)

Termination. The provisions of this article will expire and be void on October 1, 2013, unless continued by a resolution of the board of county commission prior to this date.

(Ord. No. 03-60, § 1, 11-18-03; Ord. No. 2008-46, § 2, 9-9-08)