Optimum RV is hoping for approval from the City of Ocala, Fla., for a grant to offset the costs of renovating its new southeast Ocala headquarters.
Optimum Dealership Group will have its application for the Economic Investment Program heard by Ocala City Council during its regular meeting July 20. The application was submitted to the city of Ocala in May.
According to city records, the company initially requested $400,000 as an incentive to renovate the existing building and to provide at least 50 positions with an average annual wage of $50,000. The 2.49-acre property in question is located at 2303 SE 17th Street.
The cost to renovate the building is estimated around $800,000.
City of Ocala staff and the applicant discussed a lesser incentive of $150,000 and the addition of capital improvements for machinery and equipment. The completion of the agreement is contingent upon the applicant completing renovations to the premises and purchase and installation of machinery and equipment.
In addition, the applicant is required to occupy the premise and remain a utility customer for no less than five years, meet the employment requirements within three years after the substantial completion date, and provide annual reports for the duration of the agreement.
Click here to read the full piece from Jeremiah Delgado in Ocala-News.com
