HomeMy WebLinkAbout01-016
I ....'
MAN CLERK OF THE GIF·...' lIT OURT - SAINT LUCIE COUN I Y
JOANNE HOL , ; 1 P GE "614
F-le Number: 1963707 QR BOOK ~.~ ~
R~corded:10/û5/01 13:j9
"
ORDINANCE NO. 01-16
AN ORDINANCE RELATING TO ST. LUCIE C UNTY I
FLORIDA, TO ENCOURAGE ECONOMIC DEVELOP ENT IN
THE COUNTY; ESTABLISHING AN EXEMPTIO FROM
CERTAIN AD VALOREM TAXATION FOR LIBERTY EDICAL
SUPPLY, INC. I 10045 SOUTH FEDERAL HIGHW A , PORT
ST. LUCIE, FLORIDA, A NEW BUSINESS; PRO DING
THE AMOUNT OF REVENUE AVAILABLE FR M AD
V ALOREM TAX SOURCES FOR THE CURRENT fISC L YEAR
AND THE AMOUNT OF ESTIMATED REVENUE FR M THE
CURRENT FISCAL YEAR WHICH WOULD BE LOST B CAUSE
OF THE EXEMPTION GRANTED TO LIBERTY EDICAL
SUPPLY, INC.; PROVIDING AN EXPIRATION DATE F THE
EXEMPTION FROM THE DATE ON BOARD ADOP ON OF
THIS ORDINANCE; PROVIDING A FINDING THAT
LIBERTY MEDICAL SUPPLY, INC. MEETS THE DEF! mON
OF A NEW BUSINESS; PROVIDING A SEVER BILITY
CLAUSE; PROVIDING AN EFFECTIVE DATE
BE IT ORDAINED BY THE BOARD OF COUNTY COMM SSIONERS OF ST.
...
LUCIE COUNTY, FLORIDA:
~
ARTICLE I
Short Title
This Ordinance shall be known as County Ordinance No. 01-16" conomic Development
~
Ad Valorem Tax Exemption - Liberty Medical Supply, Inc.
ARTICLE n
Procedure
After consideration of the report of the Property Appraiser a d in accordance with
the procedure set forth in County Ordinance 92-24, "Economic Develop ent Ad Valorem Tax
Exemption Regulations of St. Lucie County, Florida", the Board gran s and establishes an
·
OR BOOK 1441 PAGE 2615
exemption from ad valorem taxation of the assessed value of Liber Medical Supply, Inc.,
10045 South Federal Highway, Port St. Lucie, florida, in accorda ce with the foHowing
exemption phase out schedule:
Year 1 (Fiscal Year 2001-02)
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
'Year 8
Year 9
Year 10
100'ro
90%
80%
70'ro
60%
50'ro
40'ro
30%
20%
10 'ro
No exemption shall be granted on the land on which improveme ts are made by Liberty
Medical Supply, Inc.
ARTICLE m
Ad V alorem Tax Revenues
Total revenues are available to the County for the current fisc I year from ad valorem
tax sources is $68,695,677.12. Revenues lost to the County for the urrent fiscal year by
ad valorem tax exemptions under this section currently in effect are 106,041.79. Revenues
to be lost by granting of this exemption for the current fiscal yea are estimated to be
$13,692.61.
· .
OR BOOK 1441 PAGE 2616
ARTICLE IV
Expiration Date
The Economic Development Ad Valorem Tax Exemption gran ed to Liberty Medical
Supply, Inc., a new business shall be for ten (10) years from the dat of Board adoption of
this Ordinance.
ARTICLE V
Finding
The Board of County Commissioners of St. Lucie County, Flor da, finds that Liberty
Medical Supply, Inc. is a new business as defined by St. Lucie Count Ordinance No. 92-24
and Section 196.012(16), Florida Statutes. The Board reserves t e right to repeal the
exemption if Liberty Medical Supply, Inc. no longer satisfies the cri ria set out above.
ARTICLE VI
Severability
If any section, subsection, paragraph, sentence, clause, phr e, or portion of this
Ordinance is for any reason found void, invalid, unlawful, or unconstit tional by any court of
competent jurisdiction, such portion shall be deemed a separate, dist net, independent, and
severable provision and such holding shall not affect the validity of e remaining portions
of this Ordinance.
OR BOOK 1441 PAGE 2617
ARTICLE VII
Effective Date
This Ordinance shall take effect upon receipt of notice of filing from the Secretary
of State.
ARTICLE vm
Adoption
After motion and second, the vote on this Ordinance was as Ilows:
Chairman frannie Hutchinson
Vice Chairman Doug CQward
Commissioner John D. Bruhn
Commissioner Paula Lewis
Commissioner Cliff Barnes
AYE
AYE
AYE
AYE
AYE
PASSED AND DULY ADOPTED this 25th day of September, 2001.
ATTEST:
BY: