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HomeMy WebLinkAbout26-015 - sent to recording 5/27/26 ORDINANCE NO. 2026-15 AN ORDINANCE OF ST. LUCIE COUNTY, FLORIDA, REPEALING AND REVOKING ORDINANCE NO. 2024-23 WHICH GRANTED AN ECONOMIC DEVELOPMENT AD VALOREM TAX EXEMPTION TO ACCEL INTERNATIONAL HOLDINGS, INC., 11775 SW TOM MACKIE BLVD., PORT ST. LUCIE, FL 34987; FINDING THAT ACCEL INTERNATIONAL HOLDINGS INC. FAILED TO SATISFY THE JOB CREATION AND PERFORMANCE CRITERIA ASSOCIATED WITH THE ECONOMIC DEVELOPMENT INCENTIVE APPROVAL; PROVIDING FOR TERMINATION OF THE AD VALOREM TAX EXEMPTION; PROVIDING FOR SEVERABILITY; PROVIDING FOR CONFLICTS;AND PROVIDING FOR AN EFFECTIVE DATE. BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF ST. LUCIE COUNTY, FLORIDA: ARTICLE I Findings and Recitals WHEREAS, on June 4, 2024,the Board of County Commissioners adopted Ordinance No. 2024-23 granting an Economic Development Ad Valorem Tax Exemption to Accel International Holdings Inc. for a new business located at 11775 SW Tom Mackie Boulevard, Port St. Lucie, Florida;and WHEREAS, Ordinance No. 2024-23 was adopted pursuant to Section 196.1995, Florida Statutes, and St. Lucie County Ordinance No. 92-24; and WHEREAS, the approval of the ad valorem tax exemption was based upon representations and commitments made by Accel International Holdings Inc. regarding the creation of new full-time equivalent jobs and other economic development performance measures; and WHEREAS, the Board of County Commissioners previously approved Job Growth Investment Grant Agreement No. 21-003, which established job creation milestones and related performance obligations associated with the project; and WHEREAS, the Job Growth Investment Grant Agreement has been amended multiple times due to project delays and modifications to the job creation schedule; and WHEREAS, despite prior extensions and amendments, Accel International Holdings Inc. has failed to achieve the job creation levels and performance obligations contemplated under the approved incentive framework; and 1 • WHEREAS, on March 10, 2026, during an Informal Board of County Commissioners meeting,the Board directed staff to terminate the existing incentive agreement due to continued noncompliance; and WHEREAS, the Board finds that Accel International Holdings Inc. no longer satisfies the criteria supporting the Economic Development Ad Valorem Tax Exemption previously granted under Ordinance No. 2024-23; and WHEREAS, Article V of Ordinance No. 2024-23 expressly reserves the County's right to repeal the exemption if Accel International Holdings Inc. no longer satisfies the required criteria. ARTICLE II Repeal and Revocation Ordinance No. 2024-23, entitled "Economic Development Ad Valorem Tax Exemption — Accel International Holdings Inc.," is hereby repealed and revoked in its entirety. The Economic Development Ad Valorem Tax Exemption previously granted to Accel International Holdings Inc. pursuant to Ordinance No. 2024-23 is hereby terminated and shall no longer remain in effect. The Property Appraiser and all appropriate County officials are authorized and directed to take any action necessary to implement the revocation of the exemption consistent with applicable law. ARTICLE III Severability If any section, subsection, sentence, clause, phrase, or provision of this Ordinance is held invalid or unconstitutional by a court of competent jurisdiction, such invalidity shall not affect the remaining provisions of this Ordinance, which shall continue in full force and effect. ARTICLE IV Conflicts All ordinances or parts of ordinances in conflict herewith are hereby repealed to the extent of such conflict. ARTICLE V Effective Date This Ordinance shall take effect upon filing with the Florida Department of State. 2 ARTICLE VI Adoption After motion and second, the vote of this Ordinance was as follows: Commissioner Jamie Fowler, Chair AYE Commissioner, Larry Leet, Vice Chair AYE Commissioner James Clasby AYE Commissioner Erin Lowry AYE Commissioner Cathy Townsend ABSENT PASSED AND DULY ADOPTED this 19th day of May 2026. ATTEST: y GOMM/SS� BOARD OF COUNTY COMMISSIONERS Oyu ST. LUCIE COUNTY, FLORIDA is . v, ' BY: DEPUTY CLERK �lpc r Ot`° CHAIR COUN i• APPROVED AS TO FORM AND CORRECTNES . BY: COUNTY ATTORNEY 3 FLORIDA DEPARTMENT 0 'STATE RON DESANTIS Governor May 27, 2026 Michelle R. Miller Clerk & Comptroller St. Lucie County 2300 Virginia Ave. Fort Pierce, FL 34982 Dear Michelle Miller, CORD BYRD 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. 2025-15, which was filed in this office on May 27, 2026. Sincerely, Alexandra Leijon Administrative Code and Register Director AL/dp R. A. Gray Building • 500 South Bronough Street • Tallahassee, Florida 32399-0250 Telephone: (850) 245-6270