Subject:
Title
Approval of Resolution and Real Estate Contract for sale of property in county-owned Commerce Park in Titusville.
End
Fiscal Impact:
Net proceeds from the sale would be deposited into a NBEDZ account for use on park-related expenditures only, as per Ordinance No. 2013-08
Dept/Office:
Management Services & Community Services / County Manager's Office
Requested Action:
Recommendation
The North Brevard Economic Development Zone (NBEDZ) formally requests that the Board of County Commissioners (BOCC) approve a Resolution and Real Estate Contract permitting the sale of approximately 4.5 acres of land in the county-owned Spaceport Commerce Park in Titusville for $162,000.00 to the company known as Engineered Bonding Solutions, Limited Liability Company, and authorize the BOCC chair to execute all documents in connection thereof.
End
Summary Explanation and Background:
Engineered Bonding Solutions, LLC, d/b/a ACRA Lock, is a manufacturing company that works in the composites and structural adhesives market, creating adhesives designed to chemically bond most surfaces and provide a permanent "lock" or integrated assembly of steel, aluminum, engineered plastics, and high-performance composites. The company currently leases 8,000 sq. ft. of production space on Marina Road in Titusville with state-of-the-art mixing and packaging equipment, yet has limited warehousing and office space.
After considering other industrial sites in central Florida, the company has decided to purchase acreage in the Spaceport Commerce Park and construct a new 20,000 sq. ft. building, which would represent a local capital investment of approximately $1.38 million. The company, which currently employs 19 people, expects the expansion project to create 5 new jobs.
The NBEDZ, acting as the county's authorized agent for developing and/or inducing the development of lots within that county-owned business park, formally received and reviewed the company's offer to purchase the...
Click here for full text