Modesett said the funds will provide necessary wastewater and water infrastructure as well as storm water management and transportation improvements to serve Newberry Town Center, a proposed multi-use commercial development. The town center will be located on the east side of SW SR 45, between SW 15th Avenue and SW 30th Avenue.
The new facility is planned to be 36,000 sq. ft. of retail space and will include four new business entities that will combine to create at least 35 new jobs, 51 percent of which will be made available to low- to moderate-income persons as stipulated in the grant.
According to the supporting agenda documents, Norfleet Construction Group, LLC (NCG) will be one business to take up residence in the town center. NCG will construct residential and commercial buildings and offer property management services for the same in the city and throughout the north central Florida area. NCG will utilize 1,200 sq. ft. in the commercial/mixed-use development and has committed to create a minimum of 10 full-time equivalent new jobs.
Norfleet Grain Company, LLC (NGC), a second company also committed to the creation of 10 full-time equivalent new jobs, intends to occupy approximately 1,000 sq. ft. of office space. NGC will market and distribute SUKUP Manufacturing’s brand of commodity handling equipment throughout the north central Florida region and will produce and sell quality grain products.
Thurmond-Norfleet Realty, LLC (TNR) intends to occupy 1,000 sq. ft. of space. TNR Partners Lou Thurmond and Edward “Tripp” Norfleet have extensive real estate and building experience in the area and have committed to create a minimum of six full-time equivalent new jobs to satisfy the CDBG application.
Green & Reese, LLC (G&R) intends to occupy 1,000 sq. ft. of office space and will market and sell their own agricultural products, both locally and nationwide, and offer agricultural services to farms throughout north central Florida. Partners Don Green and Joey Langford committed to create 10 new jobs to help the city qualify for the grant.
All four companies must create the jobs within the first two years of operation to be in compliance with grant terms.
In the past, the City has been limited to $700,000 in grant funding for this program. In an effort to stimulate job growth, the State of Florida has been allowing waivers to be requested for projects that create a greater number of jobs than the minimum required for a full grant request. Based upon the projected job numbers, the City is submitting a grant ceiling waiver request to obtain a grant amount of up to $1,250,000.
All paperwork for this grant will be submitted on or before Oct. 1, 2012.
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