HomeMy WebLinkAbout05-036
I
ORDINANCE NO. 05-036
AN ORDINANCE RELATING TO ST. LUCIE COUNTY,
FLORIDA, TO ENCOURAGE ECONOMIC DEVELOPMENT IN
THE COUNTY ; ESTABLISHING AN EXEMPTION FROM
CERTAIN AD VALOREM TAXATION FOR TROPICANA
PRODUCTS, INC., 6500 GLADES CUT -OFF ROAD, FORT
PIERCE, FLORIDA, AN EXPANDING BUSINESS;
PROVIDING THE AMOUNT OF REVENUE A V AILABLE FROM
AD V ALOREM 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 TROPICANA
PRODUCTS, INC.; PROVIDING AN EXPIRATION DATE OF
THE EXEMPTION FROM THE DATE ON BOARD ADOPTION
OF THIS ORDINANCE; PROVIDING A FINDING THAT
TROPICANA PRODUCTS, INC. MEETS THE DEFINITION
OF A 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. 05-036 "Economic Development
Ad Valorem Tax Exemption - Tropicana Products, Inc.
ARTICLE II
EDWIN M. FRY, Jr., CLERK OF THE CIRCUIT COURT
SAINT LUCIE COUNTY
FilE # 272890810/17/2005 at 02:26 PM
OR BOOK 2392 PAGE 575 - 578 Doc Type: OR ON
RECORDING: $35.50
Procedure
After consideration of the report of the Property Appraiser and in accordance with
the procedure set forth in County Ordinance No. 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 Tropicana Products, Inc., 6500
Glades Cut-off Road, Fort Pierce, Florida, in accordance with the following exemption phase
out schedule:
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
100i'0
90i'0
80i'0
60%
40i'0
20i'0
No exemption shall be granted on the land on which improvements are made by
Tropicana Products, Inc.
ARTICLE III
Ad V alorem Tax Revenues
Total revenues are available to the County for the current fiscal year from ad valorem
tax sources is $353,135,192.00. Revenues lost to the County for the current fiscal year by
ad valorem tax exemptions under this section currently in effect are $143,165.83. Revenues
to be lost by granting of this exemption for the current fiscal year are estimated to be
$257,842.34.
ARTICLE IV
Expiration Date
The Economic Development Ad Valorem Tax Exemption granted to Tropicana Products,
Inc., an expanding business shall be for six (6) years from the date of Board adoption of this
Ordinance.
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ARTICLE V
Finding
The Board of County Commissioners of St. Lucie County, Florida, finds that Tropicana
Products, Inc. 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 Tropicana Products, Inc. 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 Frannie Hutchinson
AYE
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Vice Chairman Doug Coward
AYE
Commissioner Joseph E. Smith
AYE
Commissioner Paula A. Lewis
AYE
Commissioner Chris Craft
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Deputy Clerk
A YE ~ t . '"
PASSED AND DULY ADOPTED this }{ day af Ût/L, ?~/;~';~~~~(~;:
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ATTEST:
BY:
APPROVED AS TO FORM AND
CO ECTNESS:
BY:
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