HomeMy WebLinkAbout01-017JOANNE HOLMAN, OLERK OF THE CIROUiT
Film Numbmr: i9§B2§6 OR BOOK i456 F
Rmcordmd:09/20/Oi 10:08
ORDINANCE NO. 01-17
AN ORDINANCE RELATZN6 TO ST. LUCIE C
FLORIDA, TO ENCOURA6E ECONOMIC DEVELOP~
THE COUNTY; ESTABI..TSH'rN6 AN EXEMPTIOI'
CERTAIN Ab VALOREM TAXATION FOR MATT
EAST, INC., 4600 MA6NUM DRIVE, FORT
FLORIDA, A NEW BUSINESS; PROVIDIN6 THE ~
OF REVENUE AVAILABLE FROM AD VALORI
SOURCES FOR THE CURRENT FISCAL YEAR ,a
AMOUNT OF ESTIMATED REVENUE FROM THE C
FISCAL YEAR WHICH WOULD BE LOST BECAUSE
EXEMPTION 6RANTED TO MATT 5TONE EAS1
PROVIDIN6 AN EXPIRATION DATE OF THE EXE,
FROM THE DATE ON BOARD ADOPTION OI
ORDINANCE; PROV~DIN6 A FTNDIN6 THAT MAT3
EAST, INC. MEETS THE DEFINTT'J:ON OF
BUSINESS; PROVIDIN~ A SEVERABILITY
PROVIDIN6 AN EFFECTIVE DATE
BE 1'1' ORDAINED BY THE BOARD OF COUNTY COMA
LUCIE COUNTY, FLORIDA:
ARTICLE I
Short Title
This Ordinance shall be known os County Ordinance No. 01-17
Ad Valorem Tax Exemption - Matt 5tone East, Inc.
ARTICLE II
Procedure
After consideration of the report of the Property Appraiser
the procedure set forth in County Ordinance 92-24, "Economic bevelo
Exemption Regulations of St. Lucie County, Florida", the Board gra~
COURT - SAINT LUClE OOUNTY
AGE i2§2
OUNTY ,
~ENT IN
FROM
STONE
PIERCE,
.MOUNT
M TAX
dO THE
~RRENT
OF THE
~, INC.;
~PTION
THIS
STONE
4 NEW
:LAUSE;
]'SSIONERS OF ST.
Economic Development
~nd in accordance with
~ment Ad Valorem Tax
and establishes an
OR BOOK 1436 RAGE 12§3
exemption from ad valorem taxation of the assessed value of Matt
Magnum brive, Fort Pierce, Florida, in accordance with the followin
schedule:
Year 1 (Fiscal Year 2001-02} - 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 improveml
Stone East, Inc.
ARTICLE III
Ad Valorem Tax Revenues
Total revenues are available to the County for the current fiscc
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¢
$40,376.68.
ARTICLE TV
Expiration Date
The Economic bevelopment Ad Valorem Tax Exemption grante
Inc., a new business shall be for six (6) years from the date of 8~
Ordinance.
Stone East, Inc., 4600
g exemption phase out
;nts are made by Matt
year from ad valorem
:urrent fiscal year by
;106,041.79. Revenues
are estimated to be
to Matt Stone East,
ard adoption of this
....... OR BOOK 1456 PAGE i254
ARTICLE V
Finding
The Board of County Commissioners of St. Lucia County, Florida
East, Inc. is a new business as defined by St. Lucia County Ordinance
196.012(16), Florida Statutes. The Board reserves the right to repeal
5tone East, Inc. no longer satisfies the criteria set out above.
AR'rZCLE VT
Severability
If any section, subsection, paragraph, sentence, clause, phn
Ordinance is for any reason found void, invalid, unlawful, or unconstit~
competent jurisdiction, such portion shall be deemed a separate, disl
severable provision and such holding shall not affect the validity of
of this Ordinance.
ARTICLE VII
Effective Date
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 f¢
Chairman Franni¢ Hutchinson AYE
finds that Matt 5tone
Xio. 92-24 and Section
the exemption if Matt
se, or portion of this
~tional by any court of
inct, independent, and
he remaining portions
g from the Secretary
Ilows:
~ ..... ' OR BOOK 1456 PAGE 1255
Vice Chairmen Doug Cowc~rd
Commissioner John D. Bruhn
Commissioner Paula Lewis
Commissioner Cliff Bournes
AYE
AYE
AYE
AYE
PASSED AND DULY ADOPTED this 11th dozy of September,
ATTEST:
BOARD OF COUNI
ST. LUCTE
Deputy Clerk
APPROVED AS TO
BY:
2001.
COMMISSIONERS
FLORID,