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majority of voters approve the authority of the Board to grant economic development ad valorem <br />tax exemptions, and how the proposed documents would be utilized in considering and granting <br />a tax exemption, in the event it is voted favorably. <br />A lengthy discussion ensued regarding legislation that passed pertaining to the promotion <br />of ideas or concepts, the matrix scoring system and how it was modeled after St. Lucie County's <br />successful program, tax abatement policies, the point system, and smaller companies receiving <br />the same number of points as larger businesses for the Level of Local Capital Investment <br />category. <br />Commissioner Davis suggested contacting St. Lucie County to find out how their <br />individuals took advantage of the Level of Local Capital Investment, how significant it was, <br />whether it actually held smaller businesses back, or if it caused larger corporations to choose <br />their community location. <br />There was a brief debate on whether there should be formal action on this item, whether <br />it should be conceptually approved, or to wait on public comments. <br />Chairman O'Bryan suggested putting this on the website and distributing it to several <br />organizations. <br />ON MOTION by Commissioner Davis, SECONDED by <br />Commissioner Flescher, by a 5-0 vote, the Board, <br />conceptually approved: (1) the documents as presented; <br />(2) posting the forms on the County's website; <br />(3) soliciting feedback from the business community; and <br />(4) bringing this Item back for final action at the <br />September 14, 2010 Board of County Commission <br />Meeting. <br />43 <br />August 17, 2010 <br />