§ 49-64. Implementation.  


Latest version.
  • (a)

    Under this job retention investment program the eligible company may be awarded $1,000.00 per existing job retained, with a minimum of five existing jobs to be retained. The company must meet the criteria and participate in the State of Florida Qualified Targeted Industry (QTI) Tax Incentive Program.

    (b)

    The eligible company under the job retention investment program will enter into a job retention agreement with Collier County, which shall be prepared by the county attorney's office consistent with this article. An annual review and audit of performance under such agreement shall be performed by the county manager or his designee, to determine whether there has been good faith compliance with the terms of the agreement. Employer shall give the county auditor full access to its business records and business premises as required to certify the retained and created jobs. If the county manager or his designee finds, on the basis of substantial competent evidence, that there has been a failure to comply with the terms of any such agreement, the agreement may be revoked or unilaterally modified by the county. Employer shall be given ten business days prior written notice of any review and audit. In addition to an annual audit, within ten business days from the county's written request, the employer will provide the county with all requested documentation required to verify compliance with the terms of the ordinance or any agreement.

    (c)

    Job retention investment program funds will be paid, based on the number of existing jobs retained, in equal amounts over a three-year time period. Upon creation of the new jobs, as required by the State of Florida Qualified Targeted Industry (QTI) Tax Incentive Program, the company may submit a request to the county manager for payment of job retention investment program funds along with documentation related to the retained jobs. Such documentation shall be verified by the county prior to the release of funds. Any award under this program is subject to the availability of funding.

    (d)

    In the event that the company fails to comply with the terms of the program, including failure to qualify or maintain qualification for the State of Florida Qualified Targeted Industry (QTI) Tax Incentive Program, or any other default occurs, the default must be cured within 30 days from written notice being provided to the owner. The board is entitled to recover all fees, 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.

    (e)

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

(Ord. No. 08-16, § 1)