SEA RAY BOATS, FLAGLER MARINE CENTER ECONOMIC DEVELOPMENT INCENTIVES.

Slides:

Advertisements

Similar presentations

City of North Liberty North Liberty Area Development Corporation University of Iowa Community Credit Union Economic Development Partnership Project October.

Advertisements

Punta Leona Jaco, Costa Rica Spec Home Investment Opportunity.

From – A Report of the Connecticut Regional Institute for the 21 st Century by Michael Gallis & Associates, 1999 (known as the “Gallis Report”) Knowledge.

ACMA Conference February 8, 2007 Evaluating Investments in Infrastructure Panel Overview of Public Infrastructure Financing in the City of Phoenix.

Taking the Mystery out of Economic Development Tools Chris Eng, Chisago County HRA-EDA.

GFOAz May 11, 2007 The ABC’s of Municipal Financing.

ADEQUATE PUBLIC FACILITIES ORDINANCE. What the discussion should include: 4 Adequate Public Facilities Ordinances (APFO) allow local governments to deny.

Annexation Presentation 06/10/20141 Planning for our Future.

Grand Traverse Next Michigan Development Corporation What does it mean for the communities of Grand Traverse County?

Business Park Partnership Program. Prosperity 2021  Part of Strategy to  Encourage Job Creation  Encourage Development of Business Districts (Hargrove,

Washington County Economic Development Council Utah Alliance for Economic Development RICHFIELD MEETING Friday, 13 July 2012.

KINGWOOD UDGET PRESENTATION TOWNSHIP OF KINGWOOD 2012 BUDGET PRESENTATION.

ECONorthwest Economic Impact Prineville’s data center ECONOMIC DEVELOPMENT FOR CENTRAL OREGON.

Proposed Modification of Policies for Rural Employment Centers Policy 6.3 of the Future Land Use Element of the Alachua County Comprehensive plan CPA

STATE ROAD 100 CORRIDOR COMMUNITY REDEVELOPMENT AREA Property Acquisitions June 15, 2010 Presentation for SR 100 Board/City Council Meeting.

Public Hearing 2011 City Budget Budget Highlights  An increase of about $2,193,572 in total property taxes. ($1,494,382 for the Bond & Interest.

Pacific Northwest Waterways Association Value Added Manufacturing Methanol Production for Export 2014 Summer Conference June 23-25, 2014.

Convention Center Community Coalition 1. Time Line 2008: Feasibility Study by CS&L May 2009: Follow-Up Data April 2010: Appleton Council/Mayor Appoint.

Interlocal Agreement – Transportation Impact Fees City Council Workshop July 9, 2013.

Municipal Tax Increment Financing

Economic Benefits of DRGR Land Use Change July 2014.

Palm Coast’s Municipal Fiber-Optic Network: Project Update

PRESENTED TO A SSOCIATED B UILDERS & C ONTRACTORS OF C ENTRAL F LORIDA S EPTEMBER 30, 2014.

Beech Grove, Indiana TAX INCREMENT FINANCING Heather R. James, Ice Miller LLP April 18, 2013.

GLOBAL ENTERTAINMENT CORPORATION REGIONAL EVENT CENTER FOR CHELAN AND DOUGLAS COUNTIES GLOBAL ENTERTAINMENT CORPORATION December 13, 2005.

Tax Increment Thomas Chapman Raymond James John Repsholdt Ehlers Steven Langert Consolidated High School District 230.

Capital Improvement Program. During the Annual Strategic Action Plan (SAP) evaluation, long-term needs and priorities are identified by City Council Capital.

The Economic Importance of the Chicago Harbors Marinas.

Visitor Center Heritage Crossroads: Miles of History Heritage Highway  Designated in 2008 as a Florida Scenic Highway by Florida Department of Transportation.

Sunshine Coast Regional District Development Cost Charges July 3, 2014 Infrastructure Services Committee Bob Twerdoff.

 Net Student Revenues  2384 undergraduate students  Comprehensive Fee - $57,900  90% receive institutional aid –average aid $25,300.

City Land Based Customized Incentive Proposal City Centrum Economic Development Office City of Cape Coral, Florida March 21, 2011.

3TB Project Review Tax Increment Financing (“TIF”) Overview January 25, 2013.

Alachua County Community Development Block Grant Application for Funding 1 st Public Hearing June 28, 2011.

1 Brownfields Prevention Transformed Deborah Orr EPA Region 5 August 2008.

Development Overview. Project Background In 2000, the High Performance Community Strategy helped define a vision for economic development in our region.

Public Hearing August 11, :00 pm. On May 3, 2011, the West Bountiful City Council adopted a balanced tentative budget maintaining current service.

Community Development Department FUTURE LAND USE MAP AMENDMENT SMALL-SCALE LU-MIN & ZONING MAP AMENDMENT RZ-OTH

Economic Development Incentive Agreement Project Modern.

THE ECONOMIC AND FISCAL IMPACT OF THE PROPOSED TOURO UNIVERSITY VILLAGE DEVELOPMENT A Presentation to the Vallejo Chamber of Commerce June 13, 2007 Gruen.

Community Development Department JOINT PARTICIPATION AGREEMENT WITH THE FLORIDA DEPARTMENT OF TRANSPORTATION For LANDSCAPE AND IRRIGATION IMPROVEMENTS.

Community Development Department APPLICATION #2457 GRAND HAVEN PUD AMENDMENT APPLICATION #2411 GRAND HAVEN NORTH: SMALL SCALE FLUM AMENDMENT APPLICATION.

City of Marshall Development Proposal to Action Manufacturing, Inc. February 11, 2014.

Regional Recycling Solutions, LLC.   County purchased 103 acres in July of 1993 from Greene Land Company  Elchin Inc purchases 40 acres in April 1998.

Interlocal Agreement – Transportation Impact Fees City Council Meeting July 16, 2013.

The Community Role in Economic Development May 18, 2013 Presented by: Building Quality Communities.

“ Grand Landings North” Comprehensive Plan Amendment & Rezoning City Council Public Hearing March 3, 2015.

Interlocal Agreement with Flagler County related to Airport Development September 16, 2014 City Council Meeting.

Community Development Department Annexation & Contraction/Deannexation Graham Swamp Area and Nature Scapes.

SUMMARY OF FY2016 PROPOSED BUDGET July 21,

Economic Development Agreements with Radio Shack City of Fort Worth Housing and Economic Development Department May 18, 2010.

City Council Meeting Presentations.  Part I – Regulations and Terminology May 17, 2011  Part II – Revenues June 7, 2011  Part III – Fund Descriptions.

Civic Center/City Hall Public Information Meeting March 20, 2007.

111 Right for Yerington. Right Place. Right Time. Right People. Right Way. Proposed Acquisition of BLM-Administered Land To Transfer to the City of Yerington.

Christopher M. Quinn, MACC, CPA, CFE, CGFO, CGMA Finance Director Tuesday, May 3 rd, 2016.

Property Taxes and Levies Property taxes are a levy from and a primary source of income for our school district 1.

CITY OF PORT ARTHUR, TEXAS BUDGET WORKSHOP July 12, 2005.

Lake Ashton and Lake Ashton II Community Development Districts CDD ORIENTATION CLASS February 28, 2011.

Designs for Health (Project Protein) Economic Development Incentive Agreement.

Public Infrastructure Funding Request Tax Increment Financing (TIF) Special Assessments.

BUDGET PROCESS & REVENUE & EXPENSE INFORMATION For FISCAL YEAR 2011.

Presented to City Council

Economic Development Opportunity

Tax Abatement Bonds Presentation City of Marshall, Minnesota

PROPOSED MARCH LANE / HOLMAN ASSESSMENT DISTRICT

Christopher M. Quinn, MACC, CPA, CFE, CGFO, CGMA

Amendments to Palm Coast Apartment Planned Unit Development Agreement

Amended and Restated Interlocal Agreement for Entiat Marina

CP-TXT Amendment to the Capital Improvements Element & Public School Facilities Element (Annual Update) October 2008.

MARCH 11, 2019 BERKMAN II REDEVELOPMENT LUNCH & LEARN.

Presentation transcript:

SEA RAY BOATS, FLAGLER MARINE CENTER ECONOMIC DEVELOPMENT INCENTIVES

SEA RAY BACKGROUND/HISTORY Economic Development Incentive program was approved in 2007 Partners – State of Florida, Flagler County, City of Palm Coast, Sea Ray Boats, Neighboring developers Program included Extension of Roberts Road Extension of Water & Sewer lines Capital improvements to the Sea Ray Manufacturing Plant Funding Source Roberts Road Improvements – State/County Water & Sewer services – State/County Plant improvements – Sea Ray and surrounding developments

CURRENT STATUS Roberts Road extension under construction – completion: March 2009 Water & Sewer extensions - complete Plant improvements – partially completed, on hold Surrounding developers commitment - $3M $1.8M - already paid $1.2M - pending sale of residential lots

PROPOSAL City advance the remaining $1.2M capital funding to Sea Ray with “Claw back” City also purchases approximately 22 acres on Roberts Road, from LandMar, at a discounted price of $1.25M 22 Acres to be marketed for future industrial/business development All properties will be annexed Current assessed value $14.5M = $43K annual City tax revenue

BENEFITS We hear you community – “the City should be doing more to save and create good paying jobs” Sea Ray stays open City has a tangible asset – 22 acres City has property to offer as an incentive/ spec building Valuable property incorporated into City limits

CITY CHALLENGE/RISK Use of reserve funds Up to $4M No guarantee Sea Ray will stay open Business/industrial park may take years to occupy

COMMUNITY RISK – ECONOMIC IMPACT Direct jobs Indirect jobs Total jobs $189.8M local economic impact (2005)

FLAGLER MARINA BACKGROUND/HISTORY PUD approved by Flagler County 89 acres 80 water boat slips 200 enclosed dry boat slips Up to 160,000 square feet commercial/retail space Permit to extend canal west of Sea Ray plant has been issued Currently no incentive to annex Annexation necessary to complete the Sea Ray/LandMar annexation area *Numbers are approximate & unconfirmed

PROPOSAL $125,000 infrastructure assistance grant (reimbursement) for Water & Sewer Entire property must be annexed into the City

BENEFITS Capital investment Jobs Second public fueling/pumping facility for local boaters and a destination recreation marina

DISCUSSION Questions Comments