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Resolution No. 2016-14 Supporting Governor Rick Scott's Reforms for Enterprise Florida - February 2, 2016 RESOLUTION NO. 2016-14 A RESOLUTION OF THE CITY OF AVENTURA, FLORIDA, SUPPORTING GOVERNOR RICK SCOTT'S PROPOSED REFORMS FOR ENTERPRISE FLORIDA; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Enterprise Florida's mission it to expand and diversify the state's economy through job creation by focusing on the pursuit of new and expanding business; and WHEREAS, Governor Rick Scott has requested support for his proposed reforms for Enterprise Florida; and WHEREAS, the economic reforms include the following: creating a new $250 million competitive fund called the "Florida Enterprise Fund;" making the Florida Enterprise Fund a state trust fund to replace the existing escrow account to allow the state's investment to accrue more interest; increasing the Legislature's role in competing for job creation projects by requiring that any deal over $1 million have the approval of the Speaker of the House and the Senate President, as well as the Governor; reforming the return on investment requirements by eliminating the use of waivers and requiring a 10 percent annualized return on top of the original amount invested in a company; and streamlining the state's approval process while continuing to ensure that NO tax dollars leave the state trust fund until a company meets specific job creation goals spelled out in their contract; and WHEREAS, the Governor's proposals are endorsed by Enterprise Florida; and WHEREAS, the Aventura City Commission would like to express its support of Governor Scott's proposed reforms, as listed above; City of Aventura Resolution No. 2016-14 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, THAT: Section 1. The City Commission of the City of Aventura hereby supports Governor Rick Scott's economic reforms for Enterprise Florida as listed above and urges the Florida Legislature to approve said reforms. Section 2. This Resolution shall become effective immediately upon its adoption. The foregoing Resolution was offered by Commissioner Holzberg, who moved its adoption. The motion was seconded by Commissioner Narotsky, and upon being put to a vote, the vote was as follows: Commissioner Enbar Cohen Yes Commissioner Teri Holzberg Yes Commissioner Denise Landman Yes Commissioner Marc Narotsky Yes Commissioner Howard Weinberg Yes Vice Mayor Robert Shelley Yes Mayor Enid Weisman Yes PASSED AND ADOPTED THIS 2nd day of February, 2016. Page 2 of 3 City of Aventura Resolution No. 2016-14 C�rY odic - ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVAT U C CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: 14 hi CITY ATTORNEY Page 3 of 3