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ORDINANCE NO. 2016- nng Section 1100.04 (Definitions of Terms) of Chapter 1100 (Economic Development Ad Valorem Tax Exemption) of the Code of Indian River County, Florida is hereby amended to read as follows: CHAPTER 1100. ECONOMIC DEVELOPMENT AD VALOREM TAX EXEMPTION Section 1100.04. Definitions of Terms The following words, phrases, and terms shall have the meanings set forth below. To the extent that such meanings incorporate provisions of Florida Statutes, such meanings are intended to incorporate the provisions of Florida Statutes, as amended from time to time: (i) Enterprise zone. An area designated as an eRteFpFise zone puFsuaRt to F=.S—.§ 298-0066. Reserved (k) Expansion of an existing business. (1) A business establishing ten (10) or more jobs to employ ten (10) or more full-time employees in this county, which manufactures, processes, compounds, fabricates, or produces for sale items of tangible personal property at a fixed location and which comprises an industrial or manufacturing plant; or (2) A business establishing twenty-five (25) or more jobs to employ twenty- five (25) or more full-time employees in this county, the sales factor of which, as defined in F.S. § 220.15(5), for the facility with respect to which it requests an exemption is less than 0.50 for each year the exemption is claimed; provided that such business increases operations on a site colocated with a commercial or industrial operation owned by the same Business, resulting in a net increase in employment of not less than ten (10) percent or an increase in productive output of not less than ten (10) percent; or (3) Any business located in an eRteFPF*se— zone —or a brownfield area that increases operations on a site colocated with a commercial or industrial operation owned by the same business. (p) New business. 2