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RE$OLUTZON NO. 01-248
A RESOLUTION AMENDING RESOLUT'J:ON NO. 92-264
ESTABLISHING A REVISED PROPERTY TAX EXEMPT'J:ON
EI.ZGZBII.ZTY RATE SCHEDULE FOR NEW OR EXPANbZNG
BUSZNES5 APPLYING FOR AN ECONOMIC DEVELOPMENT
AD VALOREM TAX EXEMPTION PURSUANT TO
ORDINANCE NO. 92-24
WHEREAS, the Board of County Commissioners of 51. Lucie County, Florida, has made
Ilowing determinations:
1. On September 8, 1992, this Board adopted I~esolution 92-175 which
~ented the provisions of Section 196.1995, Florida Statutes, which authorized the
of County Commissioners the authority to call a referendum on the issue of granting
Option Economic Ad Valorem Tax Exemption.
2. On October 6, 1992, this Board adopted Ordinance No. 92-24, which amended
:r 1-19.3 {TAXATION) of the Code of Ordinances of 51. Lucie County, Florida, by
~g Article V - Economic Development Ad Valorem Tax Exemption. On November 3,
the voters approved the proposition calling for economic development ad valorem tax
3. Section 1-19.3-59 (Eligibility Business or Industry) of Ordinance No. 92-24
· ~s for the formulation of criteria for determining the length of an exemption and the
rage amount of an exemption pursuant to resolution of this Board.
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4~ On October 20, 1992, this Board adopted Resolution No. 92-264 establishin9
o prol>erty tax exemption phase out schedule and property tax exemption eligibility rate.
schedule for new or expanding business which this Board now desires to amend.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of St.
Lucia COunty, Florida:
1. This Board hereby adopts the Property Tax Exemptions Phase Out Schedule
and Pr operty Tax Eligibility Chart, attached hereto and referred to collectively as Exhibit
"A", for purposes of establishing eligibility of a tax exemption fOr new or expanding
businEsses pursuant to Ordinance No. 92-24.
2. This Board shall provide incentives for businesses to employ St. Lucia County
residents and St. Lucia County contractors These incentives shall be the following:
a) If a business can verify after the first year of exemption that sixty
percellt (60%) of its full-time employees hove been St. Lucia County residents for at least
six (6] months prior to employment then said business shall be entitled to one additional year
from he standard exemption as set forth on "Exhibit A".
b) If a business can verify after the first year of exemption that eighty
perce ,t (80%) of its full-time employees hove been St. Lucia County residents for at least
siX (6) months prior to employment then said business shall be entitled to two additional years
from the standard exemption as set forth on "Exhibit A".
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If o business con verify that it used a licensed general contractor whos~
~al place of business is located in St. Lucia County to construct the improvements which
subject of the application for exemption then the business shall be entitled to on~.
anal year from the standard exemption as set forth on Exhibit "A'.
3. The Board shall have the discretion to modify the eligibility requirements based
er significant factors including, but not limited to, the following:
a) The increase in local employment attributable to the new or expanding
b) The unemployment and underemployment of the available local labor
nnd the types and wages of jobs created therein;
c) The amount of capital investment purchased by the new or expanding
ss',
d) The ability of the County to otherwise meet its total fiscal needs should
,uested exemption be granted;
e) The cost of any increased local government services, including but not
to roads, water, sewer, gas and law enforcement, and other direct expenditures
ted with that specific business.
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Struc
After motion and second, the vote on this resolution was as follows:
Chairman Franni¢ Hutchinson
Vice Chairman Doug Coward
Commissioner Paula Lewis
Commissioner ,Tohn Bruhn
Commissioner Cliff Barnes
AYE
AYE
ABSENT
AYE
AYE
PASSED AND DULY ADOPTED this 13*h day of November, 2001.
BOARD OF COUNTY COMMZ$$'rONER$
5T. LUCZE COL,~TY. FLOR'rDA
BY: ~~/
County ~r~ey
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PROPERTY TAX EXEMPTION ELIGIBILITY
ELIGIBILITY (number of years)
/
NIJ IBER OF STANDARD ST. LU¢]:E 60% SLC 80% SLC
E/~ ~OYEES EXE/~PTION COUNTY RESIDENT5 RESZDENT5
CONTRACTOR
0- 24 5 6 6 7
5- 49 6 7 7 8
0- 99 7 8 8 9
0- 199 8 9 9 10
~00 + (DISCRETION OF COM 1~ISSION)
Less than five (5) yec~rs is left to the discretion of the Boo, rd.
EXHIBIT "A"
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