Triumph Gulf Coast Update Committee of the Whole 06/15/17
Overview – The Gulf Coast Economic Corridor Act was signed into law Friday, June 2, 2017 – Next steps for the Triumph Board • Two additional board members must be appointed by the Speaker of the House and Senate President • Triumph Board must incorporate • A public qualified depository must be selected • Selection criteria / proposal submittal process must be developed
Eligible Activities Activity Example Project Infrastructure Projects to Enhance the Mid-Town Commerce Park Economy Equipment and Personnel For Local Disaster Response Equipment Action Plans Educational Career Development Project AIMS Programs K-20 Workforce Skill Development SOAR with RESTORE Promotion of Tourism and Workforce Visit Pensacola or Florida West Ad Valorem Tax Reduction Reduce Property Tax Local Match Requirements of Town of Century Water Quality s.288.0655 (Rural Infrastructure Fund) Improvements
Funding • 40% of first $300M will be equally allocated to 8 NWF counties – 5% or $15M spent in Escambia County • 60% of first $300M will be competitive • 32% of remaining $1.2 B will be equally allocated to 8 NWF counties over 15 years – 4% or $48M spent in Escambia County over 15 years • 68% of remaining $1.2B will be competitive • Triumph Gulf Coast, Inc. will have administrative costs
Requirements of Act • "Each board of county commissioners shall solicit proposed projects and programs from other elected local governing boards within the county and shall provide Triumph Gulf Coast, Inc., with a list of proposed projects and programs located within its county." • "The submitted list of proposed projects and programs must include projects and programs submitted by other elected local governing boards and projects and programs recommended by the board of county commissioners"
Requirements cont... • "Awards may not be used to finance 100 percent of any project or program.” • All projects must be approved by Triumph Gulf Coast, Inc. • One project can be included on multiple county lists – projects that are on multiple lists (regional projects) will be given more weight • BCC nominated projects will receive a higher prioritization
Other Local Elected Governing Boards in Escambia County - City of Pensacola - Town of Century - Emerald Coast Utilities Authority - Escambia County School Board - Soil and Water Conservation Board - Santa Rosa Island Authority ??
Summary Next steps for Escambia County: 1. Develop a process to receive and prioritize projects from other local elected governing boards 2. Coordinate with other counties to develop priority regional projects
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