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The Commissioners and Sheriff boar discussed the ramifications of delaying this item <br />until the County Administrator, Management and Budget Director„efid Sheriff can meet and <br />return to the Board with a plan. <br />Chairman Wheeler suggested tabling this mer until January 10, 2012. <br />Commissioner Davis observed that postponing this matter would give staff more time to <br />evaluate the suggested $300,OQ4'apnpropriation, as well as provide time for the Commissioners to <br />review the Sheriff's quarter -emend financial data. <br />ON MOTION BY Commissioner Davis, SECONDED by <br />Commissioner Flescher, the Board unanimously approved <br />to TABLE this item until the January 10, 2012 Board of <br />County Commission meeting. <br />114- 10. PUBLIC HEARINGS <br />IQA.I, CONSIDERATION OF INEOS NER' PLANET BIOENERGY LLC'S REQUEST FOR AN <br />ECONOAHC DEVELOPMENT AD VALOREM TAX EXEMPTION (TAX ABATEMENT <br />LLEC1SL4TIVE) <br />PROOF OF PUBLICATION OF ADVERTISEMENT FOR HEARING IS ON FILE IN THE <br />OFFICE OF THE CLERK TO THE BOARD <br />Planning Director Stan Boling, through a PowerPoint presentation (copy on file), <br />provided background description and conditions pertaining to INEOS New Planet BioEnergy <br />LLC's ONEOS) request for an economic development ad valorem tax exemption (tax <br />abatement). He presented an analysis and verification of INEOS's eligibility for the tax <br />abatement program which can be granted for up to ten years, with an annual decrease in scale. <br />He outlined the amounts of property taxes projected to be paid by INEOS and abated over a ten- <br />year period, reviewed the safeguards in the tax abatement program, and conveyed that the <br />December 20, 2011 11 <br />104 <br />42 <br />