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HomeMy WebLinkAbout22-016 RESOLUTION NO.22-016 A RESOLUTION DIRECTING AN ELECTION TO BE HELD TO PROVIDE FOR THE PLACEMENT OF A PROPOSITION CALLING FOR ECONOMIC DEVELOPMENT AD VALOREM TAX EXEMPTIONS FOR ST.LUCIE COUNTY, FLORIDA ON THE NOVEMBER 8,2022 GENERAL ELECTION BALLOT WHEREAS, the Board of County Commissioners of St. Lucie County, Florida, has made the following determinations: 1. Section 196.1995,Florida Statutes,provides that the Board of County Commissioners may hold a referendum to allow the voters to determine whether to grant authority for economic development ad valorem tax exemptions to new and expanding businesses in St. Lucie County under Section 3,Article VII of the State Constitution. 2. The County's voters previously authorized an economic ad valorem tax exemption in 1992,2002, and 2012. 3. This Board believes that directing an election to provide for placement of a proposition calling for economic development ad valorem tax exemptions for St. Lucie County on the General Election ballot on November 8, 2022 is in the best interest of the public health, safety,and welfare of the citizens of St. Lucie County Florida. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of St. Lucie County, Florida: 1. This Board does hereby direct the Supervisor of Elections to place on the November 8, 2022, General Election Ballot the following proposition to be voted upon by the electors of St. Lucie County; ECONOMIC DEVELOPMENT INCENTIVE AD VALOREM TAX EXEMPTION The Economic Development Ad Valorem Tax Exemption would allow the County to encourage the establishment of new businesses and the expansion of existing businesses by granting an exemption from County property taxes of up to 100 percent of only the assessed value of improvements and personal property for those businesses. Any exemption would only remain in effect for up to ten (10) years and would not apply to school, city or voter approved taxes. Shall the Board of County Commissioners of St. Lucie County be authorized to grant pursuant to Section 3, Article VII of the State Constitution, property tax exemption incentives to new businesses and expansions of existing businesses that are expected to create new,full-time jobs in the County? Yes For authority to grant exemptions No Against Authority to grant exemptions 2. if the proposition is approved by a majority of the electors voting at the November 8, 2022 election, the Board of County Commissioners, at its discretion, by ordinance may exempt from ad 0 valorem taxation up to one hundred percent (100%) of the assessed value of all improvements to real property made by or for the use of a new business and of all tangible personal property of such new business, or up to one hundred percent (100%a) of the assessed value of all added improvements to real property made to facilitate the expansion of an existing business and of the net increase in all tangible personal property acquired to facilitate such expansion of an existing business, provided that the improvements to real property are made or the tangible personal property is added or increased on or after the day the ordinance is adopted. After motion and second, the vote on this resolution was as follows: Commissioner Sean Mitchell, Chair AYE Commissioner Frannie Hutchinson,Vice Chair AYE Commissioner Chris Dzadovsky AYE Commissioner Linda Bartz AYE Commissioner Cathy Townsend AYE PASSED AND DULTY ADOPTED this 15 day of February,2022. BOARD OF COUNTY COMMISSIONERS ATTEST: ST. LUCIE COUNTY, FLORIDA r / _ By: &ell"- ??4'Cl&LIA' DEPUTY CLERK J 4* CHAIR S ,,g; '► _ APPROVED AS • FO' "RRECTNESS: '► m / / .. d ii i coUMTr FLo�`��P CO NTY ATTO.