HomeMy WebLinkAbout18-008ORDINANCE NO. 18-008
AN ORDINANCE RELATING TO ST. LUCIE COUNTY, FLORIDA, TO
ENCOURAGE ECONOMIC DEVELOPMENT IN THE COUNTY; o 0
ESTABLISHING AN EXEMPTION FROM CERTAIN AD VALOREM
TAXATION FOR S2 YACHTS, INC., 3901 ST. LUCIE BOULEVARD, a
FORT PIERCE, FLORIDA, AN EXPANSION OF AN EXISTING i 0
BUSINESS; PROVIDING THE AMOUNT OF REVENUE AVAILABLE o a N
FROM AD VALOREM TAX SOURCES FOR THE CURRENT FISCAL W a
YEAR AND THE AMOUNT OF ESTIMATED REVENUE FROM THE J N
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CURRENT FISCAL YEAR WHICH WOULD BE LOST BECAUSE OF THE
EXEMPTION GRANTED TO S2 YACHTS, INC.; PROVIDING AN W CD
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EXPIRATION DATE OF THE EXEMPTION; PROVIDING A FINDING , z w m o
THAT S2 YACHTS, INC., MEETS THE DEFINITION OF AN EXPANDING ° w w o U
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. 18-xxx "Economic Development
Ad Valorem Tax Exemption —S2 Yachts, Inc."
ARTICLE II
Procedure
After consideration of the report of the Property Appraiser and in accordance with the
procedure set forth in County Ordinance 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 S2 Yachts, Inc., 3901 St. Lucie
Boulevard, Fort Pierce, Florida, in accordance with the following exemption phase out schedule
for the tax years listed below:
Year 1
- 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 improvements are made by S2
Yachts, Inc.
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ARTICLE III
Ad Valorem Tax Revenues
Total revenues are available to the County for the current fiscal year from ad valorem tax
sources is $163,702,697.36. Revenues lost to the County for the current fiscal year by ad valorem
tax exemptions under this section currently in effect are $174,284.03. Revenues to be lost by
granting of this exemption for the current fiscal year are estimated to be $17,631.80.
ARTICLE IV
Expiration Date
The Economic Development Ad Valorem Tax Exemption granted to S2 Yachts, Inc., an
expanding business, shall be for six (6) years from the date the exemption is applied.
ARTICLE V
Finding
The Board of County Commissioner of St. Lucie County, Florida, finds that 52 Yachts, Inc.
is an expansion of an existing business as defined by the St. Lucie County Ordinance No. 92-24
and Section 196.012(15), Florida Statutes. The Board reserves the right to repeal the exemption
if 52 Yachts, 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.
State.
ARTICLE VII
Effective Date
This Ordinance shall take effect upon receipt of notice of filling from the Secretary of
ARTICLE VIII
Adoption
After motion and second, the vote of this Ordinance was as follows.
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Commissioner Frannie Hutchinson, Chair
Commissioner Linda Bartz, Vice Chair
Commissioner Chris Dzadovsky
Commissioner Anthony Bonna
Commissioner Cathy Townsend
PASSED AND DULY ADOPTED this 5th day of June, 2018.
ATTEST:
DEPUTY�C ERIC
AYE
AYE
ABSTAINED
AYE
AYE
BOARD OF COUNTY COMMISSIONERS
ST. LUCIE COUNTY, FLORIDA
B Y I -!Z
CHAIR
APPROVED AS TO FORM
AND CORRECTNESS:
BY: °?-
jss� COUNTY ATTO NEY
RICK SCOTT KEN DETZNER
Governor Secretary of State
June 13, 2018
Honorable Joseph E. Smith
Clerk of the Circuit Court
St. Lucie County
2300 Virginia Avenue
Fort Pierce, Florida 34982
Attention: Ms. Brittany Jones
Dear Mr. Smith:
Pursuant to the provisions of Section 125.66, Florida Statutes, this will acknowledge receipt of your
electronic copy of St. Lucie County Ordinance No. 18-008, which was filed in this office on June 13, 2018.
Sincerely,
Ernest L. Reddick
Program Administrator
ELR/lb
R. A. Gray Building 500 South Bronough Street Tallahassee, Florida 32399-0250
Telephone: (850) 245-6270
www.dos.state.fl.us