Title
RESOLUTION NO. 19-06. A RESOLUTION OF THE CITY OF PINELLAS PARK, FLORIDA, PROVIDING FOR A PARTIAL REDUCTION IN LAND DEVELOPMENT FEES AS OUTLINED IN EXHIBIT “A”, ATTACHED HERETO AND MADE A PART HEREOF, FOR ECONOMIC DEVELOPMENT ACTIVITIES ASSOCIATED WITH THE EXPANSION OF BECKWITH ELECTRIC CO., INC., AND THE REDEVELOPMENT OF THE PROPERTY LOCATED AT 6190 118TH AVENUE NORTH; PROVIDING FOR AN EFFECTIVE DATE
FIRST AND FINAL READING
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NOTE: Beckwith Electric Co., Inc., a premier provider of innovative and high quality products, technical services and solutions that meet the needs of customers involved in the production, transmission, and distribution of electric power, is interested in expanding their business and adding additional manufacturing and office space to their current location at 6190 118th Avenue North. The total estimated economic impact of this business expansion is Five Million Dollars ($5,000,000). This is achieved through expenditures related to the design and construction of the proposed building expansion, equipment purchases, and the creation of 30 new jobs. The project will not only add to Pinellas Park’s economic vitality, but will provide value-added employment to the citizens of Pinellas Park. To ease the financial burden of their expansion, Beckwith Electric Co., Inc. has submitted an Economic Development Incentive Application requesting a waiver of the associated City Land Development Fees. If approved, the accompanying Resolution waives up to, and not to exceed, Fifty Thousand Dollars ($50,000) of the City’s Land Development fees for up to one (1) year. Beckwith Electric Co., Inc. qualifies for consideration of receipt of the incentive, and has met all of the criteria for eligibility established in Ordinance No. 4023, approved by City Council August 10, 2017.
Recommendation
ACTION: (Adopt - Deny) Resolution No. 19-06.