HomeMy WebLinkAbout00-22ORDINANCE NO. 00-22
AN ORDINANCE RELATING TO ST. LUCIE COUNTY,
FLORIDA, TO ENCOURAGE ECONOMIC DEVELOPMENT IN
THE COUNTY; ESTABLISHING AN EXEMPTION FROM
CERTAIN AD VALOREM TAXATION FOR BEE
ELECTRONICS, INC., 7440 COMMERCIAL CIRCLE, FORT
PIERCE, FLORIDA, A NEW BUSINESS; PROVIDING THE
AMOUNT OF REVENUE AVAILABLE FROM AD VALOREM
TAX SOURCES FOR THE CURRENT FISCAL YEAR AND THE
AMOUNT OF ESTIMATED REVENUE FROM THE CURRENT
FISCAL YEAR WHICH WOULD BE LOST BECAUSE OF THE
EXEMPTION GRANTED TO BEE ELECTRONICS, INC.;
PROVIDING AN EXPIRATION DATE OF THE EXEMPTION
FROM THE DATE ON BOARD ADOPTION OF THIS
ORDINANCE; PROVIDING A FINDING THAT BEE
ELECTRONICS, INC. MEETS THE DEFINITION OF A NEW
BUSINESS; PROVIDING A SEVERABILITY CLAUSE;
PROVIDING AN EFFECTIVE DATE
BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF ST.
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LUCIE COUNTY, FLORIDA:
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ARTICLE I
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Short Title
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This Ordinance shall be known as County Ordinance No. 00-22 "Economic Development
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Ad Valorem Tax Exemption - Bee Electronics, Inc.
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ARTICLE II
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Procedure
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After consideration of the report of the Property Appraiser and in accordance with
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the procedure set forth in County Ordinance 92-24, "Economic Development Ad Valorem Tax
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Exemption Regulations of St. Lucie County, Florida", the Board grants and establishes an
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exemption from ad valorem taxation of the assessed value of Bee Electronics, Inc., 7440
Commercial Circle, Fort Pierce, Florida, in accordance with the following exemption phase out
schedule:
Year 1 (Fiscal Year 2000-01)
- 100%
Year 2
- 90%
Year 3
- 80%
Year 4
- 70%
Year 5
- 60%
Year 6
- 50%
Year 7
- 40%
Year 8
- 30%
Year 9
- 20%
Year 10
- 10%
No exemption shall be granted on the land on which improvements are made by Bee
Electronics, Inc.
ARTICLE III
Ad Valorem Tax Revenues
Total revenues are available to the County for the current fiscal year from ad valorem
tax sources is $73,330,031.98. Revenues lost to the County for the current fiscal year by
ad valorem tax exemptions under this section currently in effect are $44,608.19. Revenues
to be lost by granting of this exemption for the current fiscal year are estimated to be
$12,381.77.
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ARTICLE IV
Expiration Date
The Economic Development Ad Valorem Tax Exemption granted to Bee Electronics,
Inc., a new business shall be for ten (10) years from the date of Board adoption of this
Ordinance.
ARTICLE V
Finding
The Board of County Commissioners of St. Lucie County, Florida, finds that Bee
Electronics, Inc. is a new business as defined by St. Lucie County Ordinance No. 92-24 and
Section 196.012(16), Florida Statutes. The Board reserves the right to repeal the exemption
if Bee Electronics, Inc. no longer satisfies the criteria set out above.
ARTICLE VI
Severability
If any section, subsection, paragraph, sentence, clause, phrase, or portion of this
Ordinance is for any reason found void, invalid, unlawful, or unconstitutional by any court of
competent jurisdiction, such portion shall be deemed a separate, distinct, independent, and
severable provision and such holding shall not affect the validity of the remaining portions
of this Ordinance.
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ARTICLE VII
Effective Date
This Ordinance shall take effect upon receipt of notice of filing from the Secretary
of State.
ARTICLE VIII
Adoption
After motion and second, the vote on this Ordinance was as follows:
Chairman John D. Bruhn AYE
Vice Chairman Frannie Hutchinson AYE
Commissioner Doug Coward NAY
Commissioner Paula Lewis AYE
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Commissioner Cliff Barnes AYE
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PASSED AND DULY ADOPTED this 18th day of July, 2000.
ATTEST:
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Deputy W
BOARD OF COUNTY COMM STONER , ^
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ST. LUC OUNTY, L�� A `-
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BY:
Chairman
APP OVED AS TO FORM AND :
BY: