2021-0015
INTRODUCED BY: MATTHEW JEWELL, PARISH PRESIDENT
(DEPARTMENT OF ECONOMIC DEVELOPMENT & TOURISM)
RESOLUTION NO.
Title
A resolution authorizing the St. Charles Parish Council to pre-approve the Industrial Tax Exemption application for Green Shutter Teas, LLC, Project ID: 20200467-ITE for participation in the Industrial Tax Exemption Program for a project in St. Rose, Louisiana.
Body
WHEREAS, Article 7, Section 21(F) of the Louisiana Constitution provides for the Board of Commerce and Industry ("BCI"), with the approval of the Governor, to approve contracts for the exemption of ad valorem taxes of a new manufacturing establishment or an addition to an existing manufacturing establishment, on such terms and conditions as the board, with the approval of the Governor, deems in the best interest of the state; and,
WHEREAS, Green Shutter Teas, LLC will apply for an Industrial Tax Exemption ("ITE") and will seek approval of BCI and the Governor for a contract granting an Ad Valorem exemption for qualified capital expenditures for a project located at 150 Canvasback Drive in James Business Park in St. Rose; and,
WHEREAS, Governor Edwards, through Executive Orders JBE 16-26 and 16-73, has set forth the conditions for his approval of ITE contracts, and affirmed that those conditions are in the best interest of the State of Louisiana; and,
WHEREAS, the Executive Orders provide that ITE contracts should be premised upon job and payroll creation and retention at new or expanded manufacturing plants or establishments; and,
WHEREAS, rules promulgated by the Louisiana Department of Economic Development (LED) and adopted by BCI mandates parameters for ITE approval and requires local review and potential action or consent by the relevant Parish Council, School Board and Sheriff; and,
WHEREAS, the project described herein satisfies all parameters for ITE approval including new job and payroll creation, while generating additional Sales/Use Taxes to l...
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