HomeMy WebLinkAbout19-010ORDINANCE NO. 19-010
AN ORDINANCE RELATING TO ST. LUCIE COUNTY, FLORIDA, TO
ENCOURAGE ECONOMIC DEVELOPMENT IN THE COUNTY;
ESTABLISHING AN EXEMPTION FROM CERTAIN AD VALOREM
TAXATION FOR MAVERICK BOAT GROUP, INC., 4551 ST. LUCIE
BOULEVARD, FORT PIERCE, FLORIDA, FOR AN EXPANSION OF AN
EXISTING BUSINESS; PROVIDING THE AMOUNT OF REVENUE
AVAILABLE FROM AD VALOREM TAX SOURCES FOR THE CURRENT
FISCAL YEAR AND THE AMOUNT OF ESTIMATED REVENUE FROM
THE CURRENT FISCAL YEAR WHICH WOULD BE LOST BECAUSE OF
THE EXEMPTION GRANTED TO MAVERICK BOAT GROUP, INC.;
PROVIDING AN EXPIRATION DATE OF THE EXEMPTION;
PROVIDING A FINDING THAT MAVERICK BOAT GROUP, INC.,
MEETS THE DEFINITION OF AN EXPANDING 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. 19-10, "Economic Development
Ad Valorem Tax Exemption — Maverick Boat Group, Inc."
ARTICLE II
Prnrorlura
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 Maverick Boat Group, Inc., 4551 St.
Lucie Boulevard, Fort Pierce, Florida, in accordance with the following exemption phase out
schedule for the tax years listed below:
JOSEPH E. SMITH, CLERK OF THE CIRCUIT COURT
Year 1
- 100%
SAINT LUCIE COUNTY
FILE # 4598768 07/26/2019 04:59:22 PM
Year 2
- 100%
OR BOOK 4301 PAGE 359 - 361 Doc Type: ORDN
RECORDING: $27.00
Year 3
- 100%
Year 4
- 100%
Year 5
- 100%
Year 6
- 100%
Year 7
- 100%
1
Year 8
- 100%
Year 9
- 100%
Year 10
- 100%
No exemption shall be granted on the land on which improvements are made by Maverick
Boat Group, Inc.
ARTICLE III
Ad Valorem Tax Revenues
Total revenues are available to the County for the current fiscal year from ad valorem tax
sources is $177,222,741.62. Revenues lost to the County for the current fiscal year by ad valorem
tax exemptions under this section currently in effect are $173,207.46. Revenues to be lost by
granting of this exemption for the current fiscal year are estimated to be $91,861.54.
ARTICLE IV
Expiration Date
The Economic Development Ad Valorem Tax Exemption granted to Maverick Boat Group,
Inc., an expanding business, shall be for ten (10) years from the date the exemption is applied.
ARTICLE V
Findine
The Board of County Commissioner of St. Lucie County, Florida, finds that Maverick Boat
Group, 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 Maverick Boat Group, 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
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ARTICLE VIII
Adoption
After motion and second, the vote of this Ordinance was as follows:
Commissioner Linda Bartz, Chair AYE
Commissioner Cathy Townsend, Vice Chair AYE
Commissioner Chris Dzadovsky AYE
Commissioner Sean Mitchell AYE
Commissioner Frannie Hutchinson AYE
PASSED AND DULY ADOPTED this 16 day of July, 2019.
ATTEST:
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BOARD OF COUNTY COMMISSIONERS
ST. LUCIE COUNTY, FLORIDA
BY: AA
CHAIR
APPROVED AS TO FORM
AND CORRECTNESS:
BY: lE 5J-Z�,
hd,, COUNTY ATTORNEY
FLORIDA DEPARTMENT O�STATE
RON DESANTIS
Governor
July 24, 2019
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:
LAUREL M. LEE
Secretary of State
Pursuant to the provisions of Section 125.66, Florida Statutes, this will acknowledge receipt of your
electronic copy of St. Lucie County Ordinance No. 19-010, which was filed in this office on July 23, 2019.
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