|City Council Meeting
City of DeBary
Subject: DBK, Inc. Jobs Growth Incentive Payment
From: Roger Van Auker, TOD Marketing Director
Meeting/Hearing Date: April 6, 2016
( ) Ordinance
( ) Resolution
( ) Other
( ) Supporting Documents/Contracts
DBK, Inc., has submitted for reimbursement under a Jobs Growth Incentive Economic Development Agreement approved by the City Council on August 7, 2013.
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.
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