City of Port St. Lucie - File #: 2022-949

• File #: 2022-949
• Version: 2
• Type: Ordinance
• Status: Passed
• File created: 10/21/2022
• In control: City Council
• On agenda: 12/12/2022
• Final action: 12/12/2022
• Title: Ordinance 22-110, Public Hearing, Approving the Second Amendment of the Economic Development Ad Valorem Tax Exception Ordinance, Ordinance 20-26, for City Electric Supply.

Date	Ver.	Action By	Action	Result
12/12/2022	2	City Council	Approved	Pass
11/28/2022	1	City Council	Introduced on first reading	Pass

Placement: Second Reading of Ordinances / Public Hearing
Action Requested: Motion / Vote
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Ordinance 22-110, Public Hearing, Approving the Second Amendment of the Economic Development Ad Valorem Tax Exception Ordinance, Ordinance 20-26, for City Electric Supply.
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Submitted By: Elijah Wooten, Economic Development Administrator.

Strategic Plan Link: The City's Goal of a diverse local economy and employment opportunities.

Executive Summary (General Business): Due to COVID-19 City Electric Supply reduced their workforce by 35 employees from their initial baseline of 210 employees. The company has begun the rehiring process and currently has 196 employees. City Electric Supply is requesting the City Council approve a second amendment to the Economic Development Ad Valorem Tax Exemption Ordinance, Ordinance 20-26, to (i) waive the 210 baseline maintenance requirement for 2022; and (ii) extend the time frames otherwise provided in the first amendment of the Ordinance for the creation of 50 new jobs for a period of one year.

Presentation Information: Elijah Wooten, Economic Development Administrator, will make a brief presentation.

Staff Recommendation: Move that the Council approve the second amendment of the Economic Development Ad Valorem Tax Exemption Ordinance for City Electric Supply.

Alternate Recommendations:
1. Move that the Council amend the recommendation and approve the second amendment of the Economic Development Ad Valorem Tax Exemption Ordinance for City Electric Supply.
2. Move that the Council not approve the second amendment the Economic Development Ad Valorem Tax Exemption Ordinance for City Electric Supply and provide staff direction.

Background: City Electric Supply received its certificate of occupancy in December 2019 for their TAMCO manufacturing and distribution facility in the Tradition Center for Commerce. The company submitted their Economic Development Ad Valorem Tax Exemption Application to the St Lucie County Proper...