HomeMy WebLinkAbout01-015JOANNE HOLMAN, OLERK OF THE OIROUIT
Film Number: 19§82§2 OR BOOK 1436
Recorded:09/20/01 10:08
ORDINANCE NO. 01-15
AN ORDINANCE RELATING TO ST. LUCIE
FLORIDA, TO ENCOURAGE ECONOMIC DEVELOPMt
THE COUNTY; ESTABLISHING AN EXEMP'FJ;ON
CERTAIN Ab VALOREM TAXA3-J:ON FOR TWI
POWERCAT$, INC., 1666 5.E. VILLAGE GREEN
PORT ST. LUCIE, FLORIDA, AN EXPANDING BUS:
PROVIDING THE AMOUNT OF REVENUE AVAILABLI
AD VALOREM TAX SOURCE5 FOR THE CURRENT
YEAR AND THE AMOUNT OF ESTIMATED REVENU
THE CURRENT FISCAL YEAR WHICH WOULD BI
BECAUSE OF THE EXEMPTION GRANTED TO TW
POWERCATS, INC.; PROVIDING AN EXPIRAT~O~
OF THE EXEMPT'ION FROM THE DATE ON
ADOPTION OF THIS ORDINANCE; PROVIDING A F]
THAT TWIN VEE POWERCATS, INC. MEET
DEFINITION OF AN EXPANDING BUSINESS; PRO1
A SEVERABILITY CLAUSE; PROVIDING AN EFF
DATE
BE IT ORDAINED BY THE BOARD OF COUNTY COMM
LUCRE COUNTY, FLORIDA:
ARTICLE I
Short Title
This Ordinance shall be known as County Ordinance No. 01-15
Ad Valorem Tax Exemption - Twin Vee Powercats, Inc.
AR'I'ZCLE II
Procedure
After consideration of the report of the Property Appraiser
the procedure set forth in County Ordinance 98-24, "Economic bevel(
COURT - SAINT LUCIE COUNTY
)AGE 1236
~UNTY,
!NT IN
FROM
N VEE
DRIVE,
[NESS;
FROM
ISCAL
FROM
LOST
N VEE
DATE
~OARD
'.NDING
5 THE
/IDING
ECT~VE
[SSIONER5 OF ST.
Economic Development
and in accordance with
3ment Ad Valorem Tax
Exemption Regulations of St. Lucia County, Florida", the Board graf
exemption from ad valorem taxation of the assessed value of Twin Vee
5.E. Village Green Drive, Port St. Lucia, Florida, in accordance with
phase out schedule:
Year 1 (Fiscal Year 2001-02) - 100%
Year 2 80%
Year 3 60%
Year 4 - 4070
Year 5 - 2070
No exemption shall be granted on the land on which improvem,
Vee Powercats, ]]nc.
ARTICLE ITT
Ad Valorem Tax Revenues
Total revenues are available to the County for the current fiso
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,
$4,269.28.
ARTICLE TV
Expiration Date
The Economic Development Ad Valorem Tax Exemption granted
Inc., an expanding business shall be for five (5) years from the dote o'
Ordinance.
ts and establishes an
Powercats, Inc., 1666
e following exemption
:nts are mode by Twin
d year from ad valorem
current fiscal year by
;106,041.79. Revenues
are estimated to be
to Twin Vee Powercots,
Board adoption of this
OR BOOK 1436 PAGE 1238
ARTICLE V
Finding
The Board of County Commissioners of .St. Lucia County, Florid
Powercaats, Inc. is an expanding business as defined by St. Lucia Count'
and 5action 196.012(16), Florida Statutes. The Board reserves tl~
exemption if Twin Vee Powercats, ];nc. no longer satisfies the criteri,
ARTICLE VI
Severability
If any section, subsection, paragraph, sentence, clause, phr(
Ordinance is for any reason found void, invalid, unlawful, or unconstit
competent ~urisdiction, such portion shall be deemed a separate, dis'
severable provision and such holding shall not affect the validity of
of this Ordinance.
ARTICLE VII
Effective bate
This Ordinance shall take 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 Twin Vee
Ordinance No. 92-24
right to repeal the
set out above.
m, or portion of this
tional by any court of
ncr, independent, and
· he remaining portions
from the Secretary
:ollows:
OR BOOK 1456 PAGE i259
Vice Chairman Doug Coward
Commissioner John b. Bruhn
AYE
AYE
Commissioner Paula Lewis
AYE
Commissioner Cliff Barnes
AYE
PASSED AND DULY ADOPTED this 11th day of September
ATTEST:
BOARD OF COUN'
,ST. LUCIE
APPROVED AS
CORI
BY:
2001.