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11 &TUM11111M E INDIAN RIVER COUNTY, FLORIDA I a A 1 MEMORANDUM TO: Joseph A. Baird, County Administrator DEPARTMENT HEAD CONCURRENCE Stan Boling, P THROUGH: Sasan Rohani, AICP s �' Chief, Long-Range Planning FROM: Bill Schutt,AICP 3 d Senior Economic Development Planner, Long Range Planning DATE: January 5, 2016 RE: Consideration of Continuing the Local Jobs Grant 10% Incentive Bonus for Businesses in the "Enterprise Zone" Area It is requested that the following information be given formal consideration by the Board of County Commissioners (BCC) at its regular meeting of January 12, 2016. DESCRIPTION AND CONDITIONS Since 2005, Indian River County and the City of Vero Beach have operated a joint Enterprise Zone that includes the Gifford community along with surrounding areas within unincorporated Indian River County and the City of Vero Beach,including the Vero Beach Municipal Airport(see map on next page). Consistent with Florida Statutes, Section 290.016,the County's Enterprise Zone and all Enterprise Zones within the state terminated with the sun-setting of the Enterprise Zone Act on December 31, 2015. On October 13,2015,the Indian River County Board of County Commissioners discussed local steps involved with sun-setting the Enterprise Zone.At that time,the Board directed the County Attorney to advertise for a Public Hearing for an ordinance sun-setting the Indian River County/City of Vero Beach Enterprise Zone Development Agency established per Section 103.09, Indian River County Code of Ordinances, and eliminating the Enterprise Zone from Section 207.02 of the Indian River County Code of Ordinances.The Board also directed Community Development Department staff to come back to a future Board meeting to review the current local economic development incentives specifically available to businesses located within the zone and possible continuation of those special 1 220