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Economic Development Council and staff recommend Board approval of the proposed <br /> Ordinance granting an economic development ad valorem tax exemption to INEOS New Planet <br /> Bioenergy,LLC,with the conditions outlined in stairs recommendation. <br /> (Clerk's Note: Please see the Board's Motion for conditions referenced above.) <br /> The Chairman opened the Public Hearing. <br /> There were no speakers, and the Chairman closed the Public Hearing. <br /> ON MOTION by Commissioner Solari SECONDED by <br /> Commissioner Flescher the Board unanimously: (I) found <br /> that the INEOS New Planet BioEnergy facility qualifies as <br /> a `New Business" under the tax abatement ordinance; (2) <br /> found that the application scores in the highest tax <br /> abatement award category under the adopted scoring <br /> guidelines; (3) granted a tax abatement using the schedule <br /> for highest award category, with the 10-year abatement <br /> period to begin in 2013; (4) adopted Ordinance 2011- <br /> 011, amending Title XI of the Code of Indian River <br /> County (Economic Development Ad Valorem Tax <br /> Exemption) by creating a new section 1100.14 granting an <br /> economic development ad valorem tax exemption to <br /> INEOS New Planet Bioenergy, LLC;making findings and <br /> providing for severability and an effective date; and (5) <br /> authorized the Chairman to execute the Economic <br /> Development Tax Exemption Agreement for INEOS New <br /> Planet BioEnergy,LLC facility. <br /> AGREEMENT ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD <br /> December 20,2011 12 <br /> 105 <br /> 43 <br />