City of Gainesville - File #: 090044.

• File #: 090044.
• Version: 0
• Name: Designation of PACE Alachua Expansion Project as Project Sponsor (B)
• Type: Resolution
• Status: Adopted
• File created: 6/4/2009
• In control: City Commission
• Final action: 6/4/2009
• Title: Designation of PACE Alachua Expansion Project as Project Sponsor (B) This item seeks an OTTED Designation of the PACE Alachua Expansion Project as a Project Sponsor for the Enterprise Zone Community Contribution Tax Credit Program.

Date	Ver.	Action By	Action	Result
6/4/2009	0	City Commission	Adopted (Resolution)	Pass

Title
Designation of PACE Alachua Expansion Project as Project Sponsor (B)

This item seeks an OTTED Designation of the PACE Alachua Expansion Project as a Project Sponsor for the Enterprise Zone Community Contribution Tax Credit Program.

Explanation
The Community Contribution Tax Credit is an incentive offered by the State of Florida as part of the Enterprise Zone program. The incentive allows businesses anywhere in Florida to take a 50% credit on their Florida corporate income tax, insurance premium tax, or sales tax refund for donations made to designated local community-development Project Sponsors. Communities are permitted by the State to designate multiple projects as Project Sponsors. Currently, the Gainesville Technology Enterprise Center is the only designated Project Sponsor in the Gainesville Enterprise Zone.

PACE Center for Girls of Alachua (PACE) is a non-residential delinquency prevention program that targets the needs of females 12 to 18 who are identified as dependent, truant, runaway, delinquent, or in need of academic skills. Their facility is located in the Gainesville Enterprise Zone at 1010 SE 4th Ave. The PACE Alachua Expansion will physically expand the existing center with the construction of seven new classrooms. In addition, plans include a remodel of the current facility. The total project cost is estimated at $1,000,000. The final development order for the expansion has been approved by the Planning Division and ground breaking is expected in July 2009. The PACE Alachua Expansion already has considerable support from the local business community. The hope is that the Community Contribution Tax Credit will further encourage donations to help PACE raise the funds necessary to complete the project.

In order for a project to be designated as a Project Sponsor, the State of Florida Office of Tourism, Trade and Economic Development (OTTED) must receive a completed Project Sponsor applic...