HomeMy WebLinkAbout10-027ORDINANCE NO. 10-027
AN ORDINANCE RELATING TO ST. LUCIE COUNTY,
FLORIDA, TO ENCOURAGE ECONOMIC DEVELOPMENT IN
~ o ~ N ~ THE COUNTY; ESTABLISHING AN EXEMPTION FROM
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CERTAIN Ap VALOREM TAXATION FOR SILVER-LINE
° ~ o E = PLASTICS CORPORATION, 3206 ENTERPRISE ROAD, FORT
N ~ m N PIERCE, FLORIDA
A NEW BUSINESS; PROVIDING THE
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$'m~C2 ,
AMOUNT OF REVENUE AVAILABLE FROM AD VALOREM
o ~ ~ TAX SOURCES FOR THE CURRENT FISCAL YEAR AND THE
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~- x AMOUNT OF ESTIMATED REVENUE FROM THE CURRENT
0
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FISCAL YEAR WHICH WOULD BE LOST BECAUSE OF THE
g ~ m EXEMPTION GRANTED TO SILVER-LINE PLASTICS
~ CORPORATION; PROVIDING AN EXPIRATION DATE OF
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THE EXEMPTION FROM THE DATE OF BOARD ADOPTION
o OF THIS ORDINANCE; PROVIDING A FINDING THAT
~ SILVER-LINE PLASTICS CORPORATION MEETS THE
~ DEFINITION OF ANEW 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
This Ordinance shall be known as County Ordinance No.10-027 "Economic Development
Ad Valorem Tnx Exemption -Silver-Line Plastics Corporation."
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 Silver-Line Plastics Corporation, 3206 Enterprise Road, Fort Pierce,
Florida, in accordance with the following exemption phase out schedule:
Year 1 (Fiscal Year 2010-11) - 100%*
Year 2 - 90%*
Year 3 - 80%*
Year 4 - 60%*
Year 5 - 40%*
Year 6 - 20%*
* personal/tangible property only -excludes building/real property
ARTICLE III
Ad Valorem Tax Revenues
Total revenues are available to the County for the current fiscal year from ad valorem
tax sources is $124.284.078.00. Revenues lost to the County for the current fiscal year
by ad valorem tax exemptions under this section currently in effect are X236.894.00.
Revenues to be lost by granting of this exemption for the current fiscal year are estimated
to be X12.723.98 Tangible Property only,
ARTICLE IV
Expiration Date
The Economic Development Ad Valorem Tax Exemption granted to Silver-Line Plastics
Corporation, n new business, shall be for six (6) years from the date of Board adoption of this
Ordinance.
ARTICLE V
Findin°
The Board of County Commissioners of St. Lucie County, Florida, finds that Silver-Line
Plastics Corporation is a new business as defined by St. Lucie County Ordinance No. 92-24 and
Section 196.012(15), Florida Statutes. The Board reserves the right to repeal the exemption
if Silver-Line Plastics Corporation no longer satisfies the criteria set out above.
ARTICLE VI
Severnbility
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 Charles Grande AYE
Vice Chairman Doug Coward AYE
Commissioner Chris Craft AYE
Commissioner Chris Dzadovsky AYE
Commissioner Paula Lewis AYE
PASSED
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ATTEST: _ y _ 3
y "
Clerk
this 17'h day of August, 2010.
BOARD OF COU~ CO~AMISSIONERS
~~ ST. LUCIE COUNTY, FLhRIDA
i ~ / 1 ./
BY:
Chair n`
APPROVED AS TO FORM AND
FLORIDA DEPARTMENT 0 STATE
CHARLIE CRIST
Governor
September 1, 2010
STATE LIBRARY AND ARCHIVES OF FLORIDA
Honorable Joseph E. Smith
Clerk of the Circuit Court
St. Lucie County
Post Office Drawer 700
Fort Pierce, Florida 34954
Attention: Ms. Millie Delgado-Feliciano, Deputy Clerk
Dear Mr. Smith:
m
Pursuant to the provisions of Section 125.66, Florida Statutes, this will acknowledge receipt of your
letters August 25 and 26, 2010 and certified copies of St. Lucie County Ordinance Nos. 10-027 through
10-029, which were filed in this office on August 30, 2010.
Sincerely,
~ ~, ~~ ~,
Liz Clou
Program Administrator
LC/srd
DIRECTOR'S OFFICE
R.A. Gray Building • 500 South Bronough Street • Tallahassee, Florida 32399-0250
850.245.6600 • FAX:850.245.6735 • TDD:850.922.4085 • h[tp://dlis.dos.state.tl.us
COMMUNITY DEVELOPMENT STATE LIBRARY OF FLORIDA STATE ARCHIVES OF FLORIDA
850.245.6600 • FAX: 850.245.6643 850.245.6600 FAX: 850.245.6744 850.245.6700 • FAX: 850.488.4894
DAWN K. ROBERTS
Interim Secretary of State
LEGISLATIVE LIBRARY SERVICE RECORDS MANAGEMENT SERVICES ADMINISTRATIVE CODE AND WEEKLY
850.488.2812 • FAX: 850.488.9879 850.245.6750 FAX: 850.245.6795 850.245.6270 FAX: 850.245.6282