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Home My WebLink About13-018 fka 13-001JOSEPH E. SMITH. CLERK OF THE CIRCUIT COURT SAINT IUCIE COUNTY -~~a vs~-~~~~s~a~c~~~c~oocarY~ ~R BCGk :~_ ~4Gc ' _., ..~ ~ec -ice ~^.RCN ~F.~.^.R~'^~G :_ ~,G ORDINANCE NO. ~~ - ~ $ AN ORDINANCE RELATING TO ST. LUCIE COUNTY, FLORIDA, TO ENCOURAGE ECONOMIC DEVELOPMENT IN THE COUNTY; ESTABLISHING AN EXEMPTION FROM CERTAIN AD VALOREM TAXATION FOR INVESTMENT CASTING SPECIALISTS OF FLORIDA, LLC, 3095 OLEANDER AVENUE, FORT PIERCE, FLORIDA, A NEW BUSINESS; PROVIDING THE AMOUNT OF REVENUE AVAILABLE FROM AD VALOREM TAX SOURCES FOR THE FISCAL YEAR 2014 AND THE AMOUNT OF ESTIMATED REVENUE FROM THE CURRENT FISCAL YEAR WHICH WOULD BE LOST BECAUSE OF THE EXEMPTION GRANTED TO INVESTMENT CASTING SPECIALISTS OF FLORIDA, LLC; PROVIDING AN EXPIRATION DATE OF THE EXEMPTION FROM THE DATE ON BOARD ADOPTION OF THIS ORDINANCE; PROVIDING A FINDING THAT INVESTMENT CASTING SPECIALISTS OF FLORIDA, LLC 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. LUCIE COUNTY, FLORIDA: ARTICLE I Short Title This Ordinance shall be known as County Ordinance No. 13-010 "Economic Development Ad Valorem Tax Exemption - Investment Casting Specialists of Florida, LLC. 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 Investment Casting Specialists of Florida, LLC, 3095 Oleander Avenue, Fort Pierce, Florida, in accordance with the following exemption phase out schedule: Year 1(Fiscal Year 2014-15) - 100% Year 2 - 50% Year 3 - 33% Year 4 - 25% No exemption shall be granted on the land on which improvements are made by Investment Casting Specialists of Florida, LLC. ARTICLE III Ad Valorem Tax Revenues Total revenues are available to the County for the current fiscal year from ad valorem tax sources is $116,408,835.78. Revenues lost to the County for the fiscal year 2014by ad valorem tax exemptions under this section currently in effect are $602,615.05 Revenues to be lost by granting of this exemption for the fiscal year 2014 are estimated to be $6,142.38. ARTICLE IV Exuiration Date The Economic Development Ad Valorem Tax Exemption granted to Investment Casting Specialists of Florida, LLC, an existing business shall be for four (4) years beginning in Fiscal Year 2014. ARTICLE V Findinq The Board of County Commissioners of St. Lucie County, Florida, finds that Investment Casting Specialists of Florida, LLC meets the definition of 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 Investment Casting Specialists of Florida, LLC 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 Adoution After motion and second, the vote on this Ordinance was as follows: Chairman Tod Mowery AYE Vice Chair Frannie Hutchinson AYE Commissioner Chris Dzadovsky AYE Commissioner Paula A. Lewis AYE Commissioner Kim Johnson AYE PASSED AND DULY ADOPTED this 7th day of May 2013. ATTEST: ~` ~~: 0,~ ~ ~ ~ D uty C BOARD OF COUNTY COMMISSIONERS ST. LUCIE COUNTY, FLORIDA BY: `t'~ d ~ Chairman APPROVED AS TO FORM AND COR~ECTNESS: ~ ' i,~ ' ~/ BY: /~~"~~ / Coun A~torney �V�F CI Y y, IE FORT PIERCE Clerk Building 201 South Indian River Drive Fort Pierce, Florida 34950 (772) 462-6900 • County Courthouse 218 South 2nd Street Fort Pierce, Florida 34950 (772).462-6900 Juvenile Department 435 North 7th Street Fort Pierce, Florida 34950 (772) 462-6800 • Family Relations 2400 Rhode Island Avenue Fort Pierce, Florida 34982 (772) 462-6910 - Finance Department 2300 Virginia Avenue Annex Fort Pierce, Florida 34982 (772) 462-1476 PORT ST. LUCIE St. Lucie West Annex 250 N.W. Country Club Drive Port St. Lucie, Florida 34986 (772) 871-5375 Joseph E. Smith Clerk of the Circuit Court St. Lucie County, Florida May 22, 2013 Mrs. Liz Cloud, Chief Department of State Bureau of Administrative Code & Laws R.A. Gray Building 500 South Bronough Street Tallahassee, Fla. 32399-0250 Dear Mrs. Cloud: R [P= C [P= 0 IVISDD MAY 22 2013 COUNTY ATTORNEY Mailing Address Finance Department 2300 Virginia Ave. Ft. Pierce, Fla. 34982 In accordance with standard procedures, I am enclosing the following certified ordinance for filing purposes: Ordinance No. 13-18 If there are any questions, please do not hesitate to contact me. Sincerely, j1 Kelly Phelan Executive Recording Secretary St. Lucie County Clerk of Court Phelank@stlucieclerk.com tr.trial a ,,,e vet-,..,.. .,,,„1,,t..-- FLORIDA DEPARTMENT Of STATE f II RICK SCOTT KEN DETZNER Governor Secretary of State December 11, 2017 Honorable Joseph E. Smith Clerk of the Circuit Court St. Lucie County 2300 Virginia Avenue Fort Pierce, Florida 34982 Attention: Ms. Alice Sermon Dear Mr. Smith: Pursuant to the provisions of Section 125.66, Florida Statutes, this will acknowledge receipt of your electronic copy of St. Lucie County Ordinance No. 13-18, which was filed in this office on December 8, 2017. Sincerely, Ernest L. Reddick Program Administrator ELR/lb R. A. Gray Building • 500 South Bronough Street • Tallahassee, Florida 32399-0250 Telephone: (850) 245-6270 www.dos.state.fl.us