HomeMy WebLinkAbout00-27ORDINANCE NO. 00- 27
AN ORDINANCE RELATING TO ST. LUCIE COUNTY,
FLORIDA, TO ENCOURAGE ECONOMIC DEVELOPMENT IN
THE COUNTY; ESTABLISHING AN EXEMPTION FROM
CERTAIN AD VALOREM TAXATION FOR QVC ST. LUCIE,
INC., 300 N.W. PEACOCK BOULEVARD, PORT ST. LUCIE,
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 QVC ST. LUCIE, INC.;
PROVIDING AN EXPIRATION DATE OF THE EXEMPTION
FROM THE DATE ON BOARD ADOPTION OF THIS
ORDINANCE; PROVIDING A FINDING THAT QVC ST.
LUCIE, 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.CD
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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. 00-27 "Economic Development
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Ad Valorem Tax Exemption - QVC St. Lucie, 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 QVC St. Lucie, Inc., 300 N.W.
Peacock Boulevard, Port St. Lucie, Florida, in accordance with the following schedule:
Year 1(Fiscal Year 2000-01)
- 100%
Year 2
- 100%
Year 3
- 100%
Year 4
- 100%
Year 5
- 100%
No exemption shall be granted on the land on which improvements are made by QVC
St. Lucie, 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
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to be lost by granting of this exemption for the current fiscal year are estimated to be
$54,178.28. -0
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ARTICLE IV Q
Expiration Date
The Economic Development Ad Valorem Tax Exemption granted to QVC St. Lucie, Inc.,
a new business shall be for five (5) 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 QVC St.
Lucie, 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 QVC
St. Lucie, 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.
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
AYE
Commissioner Paula Lewis
AYE
Commissioner Cliff Barnes AYE
PASSED AND DULY ADOPTED this 18th day of July, 2000.
ATTEST:
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Clerk ,,¢
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BOARD OF COUNTY COMMISSIONERS
ST. LUC COUNTY FLOR77
Chairmana;
AP ROVED AS TO FORM AN1
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BY:
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