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Attachments:
Attachment NameAttachment SizeAttachment Date
Size: 11K
Last Updated: 2014/11/24
Size: 762K
Last Updated: 2014/11/24
City of DeBary SealCity Council Meeting
City of DeBary
AGENDA ITEM





Subject: DBK, Inc. Job Growth Incentive Payment

From:      City Manager  
Meeting/Hearing Date:  December 3, 2014

Attachments:
(   )  Ordinance
(   )  Resolution
(   )  Other
(   )  Supporting Documents/Contracts


Summary/Highlights

DBK, Inc, has submitted for reimbursement under a Job Growth Incentive Economic Development Agreement approved by the City Council on August 7, 2013. The agreement provides that payments are to be made in December.

Background Discussion

The City Council approved a Job Growth Incentive Agreement to entice DBK, Inc to relocate their operation to DeBary. DBK, Inc. is a full service construction company specializing in Commercial, Multi-Family and Residential Properties. DBK, Inc, purchased the 14,000 square foot facility located at 398 South Shell Road. DBK, Inc, relocated 46 positions and was paid $18,400 in accordance with the agreement on December 13, 2013.

The agreement provides that DBK, Inc, will be paid $1,000 for each new position created within the first two years up to a maximum of 20 positions. DBK has submitted the required documents which shows DBK has created 6 new positions. The funds are budgeted in the Economic Opportunity Fund.

Recommended Motion  

Approve payment of $6,000 to DBK, Inc in accordance with the Job Growth Incentive Economic Development Agreement.



City Council Action:
(   )  Approved As Recommended
(   )  Approved With Modification
(   )  Disapproved
(   )  Continued Date:

(   )  Other

Modifications:



 
 
City of DeBary, FL
16 Colomba Rd, DeBary, FL 32713
Phone: (386) 668-2040  Fax: (386) 668-4122