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DBK, Inc. Jobs Growth Incentive Payment
City of DeBary SealCity Council Meeting
City of DeBary
AGENDA ITEM





Subject:  DBK, Inc. Jobs Growth Incentive Payment

From: Roger Van Auker, TOD Marketing Director

             
Meeting/Hearing Date:  April 6, 2016

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


Summary/Highlights

DBK, Inc., has submitted for reimbursement under a Jobs Growth Incentive Economic Development Agreement approved by the City Council on August 7, 2013.

Background Discussion

The City Council approved a Jobs Growth Incentive Economic Development 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 S. Shell Road.  DBK, Inc. relocated 46 positions and was paid $18,400 in December 2013, in accordance with the agreement.

DBK, Inc. created 6 new positions in 2014, and in accordance with the agreement was paid $6,000 in December 2014.

In 2015, DBK, Inc. created five (5) new positions and in accordance with the agreement is requesting payment in the about of $ 5,000.


Recommended Motion

Approve payment of $ 5,000.00 to DBK, Inc. in accordance with the Jobs 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