HomeMy WebLinkAbout09-018~.,
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ORDINANCE NO. 09-018
AN ORDINANCE RELATING TO ST. LUCIE COUNTY,
FLORI~A, TO ENCOURAGE ECONOMIC DEVELOPMENT IN
THE COVNTY; ESTABLISHING AN EXEMPTION FROM
CERTAIN AD VALOREM TAXATION FOR PARKWAY
WAREHOVSE ASSOCIATES, LLC, FOR THE USE AND
BENEFIT OF LIGHTHOUSE INDUSTRIES, INC. ;
PROVIDING THE AMOUNT OF REVENUE AVAILABLE FROM
AD VALOREM TAX SOURCES FOR THE CURRENT FISCAL
YEAR AND THE AMOVNT OF ESTIMATED REVENUE FROM
THE CURRENT FISCAL YEAR WHICH WOULD BE LOST
BECAUSE OF THE EXEMPTION GRANTED TO PARKWAY
WAREHOUSE ASSOCIATES, LLC; PROVIDING AN
EXPIRATION DATE OF THE EXEMPTION FROM THE DATE
ON BOAR~ ADOPTION OF THIS ORDINANCE; PROVI~ING
A FINDING THAT LIGHTHOUSE INDUSTRIES, INC. d/b/a
EAST COAST PLASTICS MEETS THE DEFINITION OF A
NEW BUSINE55; PROVIDING A SEVERABILITY CLAUSE;
PROVI~ING 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. 09-018 "Economic Development
Ad Valorem Tax Exemption - Parkway Warehouse Associates, LLC. (Lighthouse Industries,
Inc.).
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 Parkway Warehouse Associates,
JOSEPH E. SMITH, CLERK OF THE CIRCUIT COURT
_1_ SAINT LUCIE COUNTY
FILE # 33486D1 05122/2009 at 12.35 PM e: ORDN
OR BOOK 3092 PAGE 1957 -1959 Doc Typ
RECORDING: $27.00
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LLC, for the use and benefit of Lighthouse Industries, Inc. in accordance with the following
exemption phase out schedule:
Year 1(Fiscal Year 2008-09) - 100%
Year 2 - 90%
Year 3 - 80%
Year 4 - 60%
Year 5 - 40%
Year 6 - 20%
No exemption shall be granted on the land on which improvements are made by Parkway
Warehouse Associates, 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 $403,644,841.00. Revenues lost to the County for the current fiscal year by
ad valorem tax exemptions under this section currently in effect are $321,514.00. Revenues
to be lost by granting of this exemption for the current fiscal year are estimated to be
$8,500.00.
ARTICLE IV
Expiration Date
The Economic Development Ad Valorem Tax Exemption granted to Parkway Warehouse
Associates, LLC, for the use and benefit of Lighthouse Industries, Inc. shall be for six (6)
years from the date of Board adoption of this Ordinance.
ARTICLE V
Findina
The Board of County Commissioners of St. Lucie County, Florida, finds that Lighthouse
Industries, 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 Lighthouse Industries, Inc. no longer satisfies the criteria set out above.
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ARTICLE VI
Severnbilitv
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.
ARTICIE VIII
Adoption
After motion and second, the vote on this Ordinance was as follows:
Chair Paula A. Lewis AYE
Vice Chair Charles Grande AYE
Commissioner poug Coward AYE
Commissioner Chris Dzadovsky AYE
Commissioner Chris Craft AYE
PASSE~ AND DULY ADOPTED this 12th day of May, 2009.
ATTEST:
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BOAR~ OF COUNTY COMMISSIONERS
ST. LUCIE COUNTY, FLORIDA