HomeMy WebLinkAbout24-023ORDINANCE NO. 2024-23
AN ORDINANCE RELATING TO ST. LUCIE COUNTY, FLORIDA, TO
ENCOURAGE ECONOMIC DEVELOPMENT IN THE COUNTY;
ESTABLISHING AN EXEMPTION FROM CERTAIN REAL AND
PERSONAL PROPERTY AD VALOREM TAXATION FOR ACCEL
INTERNATIONAL HOLDINGS, INC., 11775 SW TOM MACKIE BLVD,
PORT ST LUCIE, FL 34987, FOR A NEW 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
ACCEL INTERNATIONAL HOLDINGS INC., PROVIDING AN
EXPIRATION DATE OF THE EXEMPTION; PROVIDING A FINDING
THAT ACCEL INTERNATIONAL HOLDINGS INC, MEETS THE
DEFINITION OF A NEW 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. 2024-23, "Economic
Development Ad Valorem Tax Exemption —Accel International Holdings Inc.,"
ARTICLE II
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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 Accel International Holdings Inc
accordance with the following exemption phase out schedule for the tax years listed below:
Year 1
- 100%
Year 2
- 100%
Year
- 100%
Year
- 100%
Year 5 - 100% MICHELLE R. MILLER, CLERK OF THE CIRCUIT COURT
SAINT
LUCIE
Year 6 - 90% FILE # 5354464 06/25/2024 10:01:19 AM
Year 7 - 80% OR BOOK 5169 PAGE 95 - 97 Doc Type: ORDN
RECORDING: $27.00
Year 8 - 60%
1
Year 9 - 40%
Year 10 - 20%
No exemption shall be granted on the land on which improvements are made by Accel
International Holdings 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 $258,924,008.10. Revenues lost to the County for the current fiscal year by ad valorem
tax exemptions under this section currently in effect are $620,114.64. Revenues to be lost by
granting of this exemption for the current fiscal year are estimated to be $134,461.30.
ARTICLE IV
Expiration Date
The Economic Development Ad Valorem Tax Exemption granted to Accel International
Holdings Inc., a new business, shall be for ten (10) years from the date the exemption is applied.
ARTICLE V
Finding
The Board of County Commissioners of St. Lucie County, Florida, finds that Accel
International Holdings Inc., is a new business as defined by the St. Lucie County Ordinance No.
92-24 and Section 196.012(14), Florida Statutes. The Board reserves the right to repeal the
exemption if Accel International Holdings 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.
ARTICLE VII
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This Ordinance shall take effect upon receipt of notice of filing from the Secretary of State.
ARTICLE VIII
Adoption
After motion and second, the vote of this Ordinance was as follows:
Commissioner Cathy Townsend, Chair AYE
Commissioner, Chris Dzadovsky, Vice Chair AYE
Commissioner Larry Leet AYE
Commissioner Linda Bartz AYE
Commissioner Jamie Fowler AYE
PASSED AND DULY ADOPTED this 41h day of June 2024.
ATTEST:
DEPUTY CLERK
BOARD OF COUNTY COMMISSIONERS
ST. LUCIE COUNTY, FLORIDA
BY:
CHAIR
APPROVED AS TO FORM
AN[
BY:
3
RON DESANTIS
Governor
CORD BYRD
Secretary of State
R. A. Gray Building • 500 South Bronough Street • Tallahassee, Florida 32399-0250
Telephone: (850) 245-6270
June 18, 2024
Michelle R. Miller
Clerk & Comptroller
St. Lucie County
2300 Virginia Ave.
Fort Pierce, FL 34982
Dear Michelle Miller,
Pursuant to the provisions of Section 125.66, Florida Statutes, this will acknowledge receipt of your
electronic copy of St. Lucie County Ordinance No. 2024-23, which was filed in this office on June 17,
2024.
Sincerely,
Matthew Hargreaves
Administrative Code and Register Director
MJH/wlh