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Mettler Toledo
Project Summary

Date: 9/13/2016
Board Approved Action: OEG16-136
Funding: ~$7,672,000
Description:  Mettler Toledo will locate its operations in Pasco County, building a 250,000 square foot manufacturing facility and complete the extension of the NorthPointe Parkway roadway as a four lane divided public roadway for 1,673 feet with a maintenance and warranty agreement for three years.
a.  Roadway infrastructure $3,050,000
b.  Impact, permitting, connection, and mobility fees
c.  QTI local match $555,000
d.  JCI $1,972,000
e.  HIJCB 75% of project’s tax for 10 years
f.  Training Funds $200,000
Payment: Jobs and Economic Opportunities Trust Fund: $7,672,000
JCI – 25% for 4 years after the 1st year of documentation; payment within 90 days of receipt the documentation, less the QTI match
HIJCB – payment after CO, jobs created and maintained for the calendar year, receipt of current real and tangible taxes
Training Funds – payment as a reimbursement for employee training costs

Date: 10/14/2016

Board Approved Action: OEG17-002
Funding: $4,556,000
Description:  Complete the extension of the NorthPointe Parkway roadway as a four lane divided public roadway for 1,673 feet with a maintenance and warranty agreement for three years.
Payment: Penny for Pasco for $4,556,000


Progress Report

Date: 1/23/2018
Board Approved Action: OEG18-1012
Description:
Mettler Toledo Roadway Agreement Amendment: This amendment did not require additional funding.  The construction actual costs were lower than estimated, therefore making the design and permitting costs a higher percentage of the project.  This agreement amendment was to change the design and permitting % cap to fit the new, overall lower project cost.

Date: 6/20/2017

Board Approved Action: REA17-064

Description: Accept the deed and easements, adopt the resolution canceling taxes, and execute the resolution


Date:
8/15/2017

Board Approved Action: NI17-448

Description: 07/06/2017 sign Payment Bond with B. R. W. Contracting, Inc. and Allied World Insurance Company for the Northpointe Parkway Extension


Date:
11/17/2017

Description: All taxes paid