Jacksonville City Council has approved a 10-year, $ 3.4 million tax refund for an international construction products manufacturer’s $ 69.3 million plan to clean up a Superfund site in the Environmental Protection Agency in Talleyrand and to build a transshipment facility.
The board voted 16 to 0 on Sept. 14 to approve the tax incentive, a 50 percent enhanced value recovery grant, for CertainTeed Corp, based in Valley Forge, Pa.
Documents filed with resolution 2021-0582 show CertainTeed is considering the vacant Kerr McGee Chemical Corp EPA Superfund site.
According to the city’s economic development office, the property is a 32.46-acre Level 2 distressed area at 1611 Talleyrand Avenue.
The transshipment terminal will handle imports of raw materials, according to city documents.
Kirk Wendland, the city’s executive director of economic development, told the mayor’s budget review committee on July 26 that the clean-up of the site, managed by the EPA, is as important as private development.
“We recognize that there are a lot of challenges associated with it, and (CertainTeed) has come to us to see if there is anything we can do to encourage them to continue with the redevelopment of this site,” said Wendland.
According to Wendland, the property has been vacant since 1978. Companies are not interested in it, he said.
Duval County Clerk records show that Greenfield Environmental Multistate Trust LLC purchased the property in February 2011 from Tronox Worldwide LLC for a mere $ 10.
Colliers International represents Greenfield Environmental Multistate Trust LLC.
Guy Preston, executive director of Colliers International’s logistics and transportation solutions group, said the sale of the property to CertainTeed had been under contract for approximately 2.5 years.
The city’s project summary indicates that CertainTeed’s $ 69.3 million investment includes a transshipment terminal; bulkheads and marine structures to accommodate Panamax-sized vessels; land conveyors; concrete slabs for the temporary storage of bulk materials; a dock office; a home / office to scale; and a parking area and a scale for trucks.
The documents say the company told city officials it expects the facility to be operational by the fourth quarter of 2023 and plans to expand the site to add a manufacturing plant.
To qualify for the full REV grant, which is a property tax refund, the company will need to invest no less than $ 55 million and create a minimum of 20 jobs by the end of 2024, according to the documents.
The company told city officials it would create 32 jobs in Jacksonville for an average annual salary of $ 45,000 plus benefits. Full-time positions include 12 dockers and 20 truck drivers.
According to the project summary, CertainTeed is evaluating other southern US port cities for the project, but Jacksonville is the only one in Florida to be considered.
Economic development officials estimate a return of $ 2.05 to the city for every public $ 1 invested in the project, the summary said.
CertainTeed is a subsidiary of the Parisian multinational Saint-Gobain.
CertainTeed indicates on its website that it manufactures exterior and interior construction products, including roofing, siding, fencing, decking, railing, trim, insulation, drywall and ceilings.
Council members Rory Diamond and Garrett Dennis were absent for the vote.