HomeMy WebLinkAbout01-014JOANNE HOLMAN, CLERK OF THE CIRCUIT C
File Number: 1958251 OR BOOK 1436 PA
Recorded:09/20/O1 10:08
ORDINANCE NO. 01-14
AN ORDINANCE RELAT~N6 TO ST. LUCIE CC
FLORIDA, TO ENCOURAGE ECONOMIC DEVELOPMI
THE COUNTY; ESTABLISHING AN EXEMPTION
CERTAIN AD VALOREM TAXATION FOR T.,T.
CORP., 2900 INDUSTRIAL 33~, FORT PIERCE, FD
A NEW BUSINE55; PROVIDING THE AMOUI
REVENUE AVAILABLE FROM AD VALOREM TAX SC
FOR THE CURRENT FISCAL YEAR AND THE AMOL
ESTIMATED REVENUE FROM THE CURRENT FISC~
WHICH WOULD BE LOST BECAUSE OF THE EXEA
GRANTED TO T.~T. TRUSS CORP.; PROVIDIf
EXPIRATION DATE OF THE EXEMPTION FROM TH
ON BOARD ADOPT'J;ON OF THIS ORDINANCE; PRO1
A FINDING THAT T.,T. TRUSS CORP. MEET
DEFINIT'J;ON OF A NEW BUSINE55; PROVIE
SEVERABTL~TY CLAUSE; PROVIDING AN EFFECTI¥
BE IT ORDAINED BY THE BOARD OF COUNTY COMM:
LUCIE COUNTY, FLORIDA:
ARTICLE
Short Title
This Ordinance shall be known as County Ordinance No. 01-14
Ad Valorem Tax Exemption - T. J. Truss Corp.
ARTICLE TI
Procedure
After consideration of the report of the Property Appraiser
the procedure set forth in County Ordinance 92-24, "Economic bevel(
Exemption Regulations of .St. Lucie County, Florida", the 8oard 9to
OURT -SAINT LUCIE COUNTY
GE 1252
~UNTY,
:'NT IN
FROM
TRUSS
:)RIDA,
dT OF
)URCES
INT OF
L YEAR
PT~ON
G AN
E DATE
IIDIN6
$ THE
ING A
E DATE
CSSIONER5 OF ST.
Economic Development
~nd in accordance with
~ment Ad Valorem Tax
~ts and establishes an
OR BOOK 1436 RAGE 1~33
exemption from ad valorem taxation of the assessed value of T.;
Tndustrial 33rd, Fort Pierce, Florida, in accordance with the followinc
Year 1 (Fiscal Year 2001-02) - 100%
Year 2 - 90%
Year 3 - 80%
Year 4 - 60%
Year 5 - 40%
Year 6 20%
schedule:
No exemption shall be granted on the land on which improve~
Truss Corp.
ARTICLE III
Ad Valorem Tax Revenues
Total revenues are available to the County for the current fisc¢
tax sources is $68,695,677.12. Revenues lost to the County for the
ad valorem tax exemptions under this section currently in effect are
to be lost by granting of this exemption for the current fiscal ye
$617.52.
ARTICLE ZV
Expiration Date
The Economic Development Ad Valorem Tax Exemption grantE
new business shall be for six (6) years from the date of Board adap'
r. Truss Corp., 2900
exemption phase out
,nts are made by T. ~T.
year from ad valorem
:urrent fiscal year by
;106,041.79. Revenues
r are estimated to be
.d to T.,T. Truss Corp. a
· ion of this Ordinance.
OR BOOK 1456 PAGE 1234
ARTZCLE V
Finding
The Board of County Commissioners of St. Lucia Coun17, Florida
Corp. is a new business as defined by St. Lucia County Ordinance
196.012(16), Florida Statutes. The Board reserves the right to repea
Truss Corp. no longer satisfies the criteria set out above.
ARTICLE VI
teverobility
;If any section, subsection, paragraph, sentence, clause, phrc
Ordinance is for any reason found void, invalid, unlawful, or unconstit~
competent jurisdiction, such portion shall be deemed a separate, dis
severable provision and such holding shall not affect the validity of
of this Ordinance.
ARTZCLE VII
Effective bate
This Ordinance shall toke effect upon receipt of notice of fili
of State.
ARTICLE VIII
Adoption
After motion and second, the vote on this Ordinance was as
Chairman Frannie Hutchinson AYE
, finds that T.J. Truss
3. 92-24 and Section
the exemption if T.J.
se, or portion of this
~tional by any court of
inct, independent, and
'he remaining portions
ag from the Secretary
allows:
~' '' OR BOOK 1436 PAGE 1235
Vice Chairman Doug Coward
Commissioner ,Tohn Bruhn
Commissioner Paula Lewis
Commissioner Cliff Barnes
AYE
AYE
AYE
AYE
PASSED AND DULY ADOPTED this 11th day of September,
ATTEST:
BOARD OF
ST. LUCRE
APPROVED AS TO
BY:~
¢ounl