HomeMy WebLinkAbout00-28ORDINANCE NO. 00-28
AN ORDINANCE RELATING TO ST. LUCIE COUNTY,
FLORIDA, TO ENCOURAGE ECONOMIC DEVELOPMENT IN
THE COUNTY; ESTABLISHING AN EXEMPTION FROM
CERTAIN AD VALOREM TAXATION FOR ORCHID ISLAND
JUICE COMPANY, 330 NORTH US HIGHWAY ONE, FORT
PIERCE, FLORIDA, AN EXPANDING 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 ORCHID
ISLAND JUICE COMPANY; PROVIDING AN EXPIRATION
DATE OF THE EXEMPTION FROM THE DATE ON BOARD
ADOPTION OF THIS ORDINANCE; PROVIDING A FINDING
THAT ORCHID ISLAND JUICE COMPANY MEETS THE
DEFINITION OF AN EXPANDING BUSINESS; PROVIDING
A SEVERABILITY CLAUSE; PROVIDING AN EFFECTIVE
DATE
BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF ST.
LUCIE COUNTY, FLORIDA:
ARTICLE I
Short Title
This Ordinance shall be known as County Ordinance No. 00-28 "Economic Development
Ad Valorem Tax Exemption - Orchid Island Juice Company.
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ARTICLE II
Procedure
After consideration of the report of the Property Appraiser and in accordance with
the procedure set forth 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 Orchid Island Juice Company,
330 North U.S. Highway One, 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
- 40%
Year 7
- 20%
No exemption shall be granted on the land on which improvements are made by Orchid
Island Juice Company.
ARTICLE III
Ad Valorem Tax Revenues
Total revenues are available to the County for the current fiscal year from ad valorem
tax sources is $76,330,031.98. 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
$1,485.90.
ARTICLE IV
Expiration Date
The Economic Development Ad Valorem Tax Exemption granted to Orchid Island Juice
Company, an expanding business shall be for seven (7) 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 Orchid
Island Juice Company is an expanding 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 Orchid Island Juice Company no longer satisfies the criteria set out above.
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ARTICLE VI
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Severability
If any section, subsection, paragraph, sentence, clause, phrase, or portion of this
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Ordinance is for any reason found void, invalid, unlawful, or unconstitutional by any court of
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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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Deputy
BOARD OF COUNTY COMMIS 'ONERS
ST. LU TE CO]airman
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APPROVED AS TO FORM AND
;CO7RCTNESS:
BY:
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