Information Technology Development Center

FLAGLER COUNTY FLORIDA

ENGAGING IN THE WORLD WIDE ECONOMY

A Complete IT Center Business

Incubator

Use and

Access

Education

Training

Learning IT

Creating IT

Selling IT.

Using IT

Public Use, Education, Private Offices

Incubator and Business Center

Advanced IT Training and Education

Cell Phones, Internet, and Security

Process Timeline

Agreement in Principal With County• Commitment

from County allows ITDC to seek funding, investments, and develop lease.

• Begin Grant Search

Lease of Sections of Facilities to Temp Office Company and Educational Institutions• Create

commitment and generate revenue

• Set Soft Opening Date

Interior Construction to accommodate Classrooms and Temp Offices• Carpets, walls,

paint, etc.• Installation of

Internet and Cell Phone service

• Develop Public Spaces

• Develop IT Training Room

Generate Revenue and Start

taking over portion of costs for

maintenance of facility

Receive Grants and

develop second

floor incubator

Receive Grants and

develop courthouse conference

rooms

Take over complete maintenance and costs of Courthouse • Includes

Long Term Lease with County

E s t i m a t e d T i m e L i n e = 1 4 m o n t h s

Organization

County Owns Courthouse

ITDCProperty Lease/Management

ExecData, Inc.Board

Member

Joe MayoBoard Membe

r

County AgentBoard Membe

r

Estimated Basic Income

Annex

1st Floor – 7399 sq. ft. rentable space

2nd Floor – 8311 sq. ft. rentable space

3rd Floor – 8381 sq. ft. rentable space

TOTAL RENTAL SPACE 24091 sq. ft.

Potential Revenue @ Market of $13.00 sq. ft.

$313,183

Old Courthouse

1st Floor – 3083 sq. ft. rentable space

2nd Floor – 1719 sq. ft. rentable space

TOTAL RENTABLE SPACE 4802 sq. ft.

Potential Revenue @ Market of $13.00 sq. ft.

$62,426.00 year.

Tota l Potent ia l Year ly Revenue = $375 ,709

Estimated Basic Yearly Costs

Basic Expenses/year per County reports

• $185.000.00 (includes insurance, HVAC, grounds maintenance, etc.)

Security Services

• $100,000.00/yr

IT connectivity maintenance

• $10,000/yr

Estimated Total Basic Yearly Costs

• $295,220/yr

Phase 1 Phase 2 Phase 3 Phase 40

20

40

60

80

100

120

ITDC Contribution to Basic Expenses County Contribution to Basic Expenses

ITDC Basic Revenue Plus Discretionary Grant Income

Perc

ent

of

Basi

c C

ost

Phase I

Estimated ITDC Basic and Discretionary Grant Income $0 - $150,000/yr

County Contribution to Basic Building Expenses – 100%

Phase II

Estimated ITDC Basic and Discretionary Grant Income = $150,000/yr +

County Contribution to Basic Building Expenses – 85%

Phase III

Estimated ITDC Basic and Discretionary Grant Income = $250,000/yr +

County Contribution to Basic Building Expenses – 65%

Phase IV

Estimated ITDC Basic and Discretionary Grant Income = $375,000/yr+

County Contribution to Basic Building Expenses – 0%

*All figures are estimated based upon the basic building expenditure provided by the county for this proposal and are a representation for this presentation only. These are not necessarily the final figures and should not be considered as such.

Financing and GrantsCyberlearning and

Future Learning Technologies

•How people learn in technical environments

Improving Undergraduate

STEM Education

•Design and Development of STEM Learning

Computing and Communication

Foundations: Core Programs

•Research and Education programs develop new knowledge in IT

National Science Foundation

RURAL ECONOMIC DEVELOPMENT

LOAN AND GRANT

•Business Incubators

•Rehabilitation of Historic Buildings

Special Category Grants

•Technical Assistance Centers

Demonstration and Training Program

Grants

Saving Our Heritage While Investing in the Future

Cisco Dean “…the future will never have a historical building if we keep destroying the older ones we have now…”