HomeMy WebLinkAbout00-23ORDINANCE NO. 00-23
AN ORDINANCE RELATING TO ST. LUCIE COUNTY,
FLORIDA, TO ENCOURAGE ECONOMIC DEVELOPMENT IN
THE COUNTY; ESTABLISHING AN EXEMPTION FROM
CERTAIN AD VALOREM TAXATION FOR CENTAUR
MANUFACTURING, 5520 GLADES CUT-OFF ROAD, 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 CENTAUR MANUFACTURING;
PROVIDING AN EXPIRATION DATE OF THE EXEMPTION
FROM THE DATE ON BOARD ADOPTION OF THIS
ORDINANCE; PROVIDING A FINDING THAT CENTAUR
MANUFACTURING MEETS THE DEFINITION OF A NEW
BUSINESS; PROVIDING A SEVERABILITY CLAUSE;
PROVIDING AN EFFECTIVE DATE
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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. 00-23 "Economic Development
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Ad Valorem Tax Exemption - Centaur Manufacturing.
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ARTICLE II
Procedure
After consideration of the report of the Property Appraiser and in accordance with
the procedure set f orth in County Ordinance 92-24, "Economic Development Ad Valorem Tax
Exemption Regulations of St. Lucie County, Florida", the Board grants and establishes an
exemption from ad valorem taxation of the assessed value of Centaur Manufacturing, 5520
Glades Cut -Off Road, 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%
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Year 8 - 20%
Year 9 - 0%
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No exemption shall be granted on the land on which improvements are made by Centaur
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Manufacturing.
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
$13,047.05.
ARTICLE IV
Expiration Date
The Economic Development Ad Valorem Tax Exemption granted to Centaur
Manufacturing, a new business shall be for eight (8) 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 Centaur
Manufacturing, Inc. is a new business as defined by St. Lucie County Ordinance No. 92-24 and
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Section 196.012(16), Florida Statutes. The Board reserves the right to repeal the exemption'
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if Centaur Manufacturing no longer satisfies the criteria set out above. L4
ARTICLE VI
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Severability m
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.
ARTICLE VII
Effective Date
This Ordinance shall take effect upon receipt of notice of filing from the 5ecretary
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
AYE
Commissioner Paula Lewis
AYE
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Commissioner Cliff Barnes
AYE
PASSED AND DULY ADOPTED this 18th day of July, 2000.
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ATTEST:
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BOARD OF COUNTY COMMISSIONERS
ST. LU OUNTY, FLORI A :O'
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BY •
Chairman
APPROVED AS TO FORM, -,AND
CORK CTNESS:
BY: