HomeMy WebLinkAbout12-012ORDINANCE NO. 12-012
AN ORDINANCE RELATING TO ST. LUCIE COUNTY,
FLORIDA, TO ENCOURAGE ECONOMIC DEVELOPMENT IN
THE COUNTY; ESTABLISHING AN EXEMPTION FROM
CERTAIN AD VALOREM TAXATION FOR ALLIED NEW
TECHNOL06IES, 9549 RAN6ELINE ROAD, PORT ST.
LUCIE, FLORIDA, AN EXPANSION TO AN EXISTING
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 ALLIED NEW TECHNOL06IES; PROVIDING
AN EXPIRATION DATE OF THE EXEMPTION FROM THE
DATE OF BOARD ADOPTION OF THIS ORDINANCE;
PROVIDING A FINDING THAT ALLIED NEW
TECHNOL06IES MEETS THE DEFINITION OF AN
EXPANSION TO AN EXISTING BUSINESS; PROVIDING A
SEVERABILITY CLAUSE; PROVIDING AN EFFECTIVE DATE
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BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF ST.
LUCIE COUNTY, FLORIDA:
ARTICLE I
This Ordinance shnll be known as County Ordinance No.12-012 "Economic Development
Ad Valorem Tax Exemption -Allied New Technologies."
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 equipment and building
improvements for Allied New Technologies, 9549 Rangeline Road, Port St. Lucie, Florida, in
accordance with the following exemption phase out schedule:
Year 1 (Fiscal Year 2011-12) - 100%
Year 2 - 100%
Year 3 - 100%
Year 4 - 100%
Year 5 - 100%
Year 6 - 80%
Year 7 - 60%
Year 8 - 40%
Year 9 - 20%
ARTICLE III
Ad Valorem Tax Revenues
Total revenues are available to the County for the current fiscal year from ad valorem
tax sources is $114,851,173.00. Revenues lost to the County for the current fiscal year by
ad valorem tax exemptions under this section currently in effect are $67,239.00. Revenues
to be lost by granting of this exemption for the current fiscal year are estimated to be
$245,342.00.
ARTICLE IV
Expiration Dnte
The Economic Development Ad Valorem Tax Exemption granted to Allied New
Technologies, an existing business, shall be for nine (9) years from the date of Board adoption
of this Ordinance.
ARTICLE V
indi
The Board of County Commissioners of St. Lucie County, Florida, f finds that Allied New
Technologies is an expansion of an existing 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 Allied New Technologies 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 Tod Mowery AYE
Vice Chair Paula A. Lewis AYE " : `~~
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Commissioner Frannie Hutchinson AYE ~' ~ ~ +...: .
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Commissioner Chris Craft AYE "~ ~°'< -
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PASSED AND DULY ADOPTED this 3~d day of July 2012. ~ 44,E ,, `" s',; ,,°!
ATTEST:
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BOARD OF COUNTY CO IDN~RS,~,_-u '"
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ST. LUCIE COUNTY, FLORICfA':, , „- ~~
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Chairman ~ ~ -
PROVED AS TO FORM AND
~RRECTNESS:
RICK SCOTT
Governor
July 19, 2012
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FLORIDA DEPARTMENT O~STATE
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KEN DETZNER
Secretary of State
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Honorable Joseph E. Smith
Clerk of the Circuit Court
St. Lucie County
2300 Virginia Avenue
Fort Pierce, Florida 34982
Attention: Ms. Kelly Phelan, Executive Recording Secretary
Dear Mr. Smith:
Pursuant to the provisions of Section 125.66, Florida Statutes, this will acknowledge receipt of your letter
Sated July 16, 2012 and certified copies of St. Lucie County Ordinance Nos. 12-011 and 12-012, which
were filed in this office on July 19, 2012.
Sincerely,
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Liz Cloud t~%
Program Administrator
LC/elr
R. A. Gray Building 500 South Bronough Street Tallahassee, Florida 32399-0250 ~~
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Telephone: (850) 245-6270 • Facsimile: (850) 488-9879
www.dos.state.fl.us