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13 Attorney's Matters-B.CC 1.8.13 Of ce of INDIAN RIVER COUNTY ATTORNEY Alan S.Polackwich,Sr.,County Attorney William K.DeBraal,Deputy County Attorney Brooke W.Odom,Assistant County Attorney MEMORANDUM TO: Board of County Commissioners FROM: Alan S. Polackwich, Sr., County Attornd DATE: December 31, 2012 SUBJECT: Possible New Incentives in the Enterprise Zone BACKGROUND. In 1982, the Florida Legislature enacted the Florida Enterprise Zone Act ("Act"). The purpose of the Act was to create incentives at the state level, and to encourage local governments to create incentives at the local level, for the purpose of inducing private investment in productive business enterprises located in severely distressed areas. In 2005, the County and the City of Vero Beach jointly established an Enterprise Zone consisting of the Vero Beach Airport, areas surrounding the airport, and areas of Gifford located to the north of the air- port. Part of the Enterprise Zone is located within the unincorporated area of the County, and part is lo- cated within the municipal boundaries of the City. A diagram of the Enterprise Zone area is attached as Exhibit A. On September 4, 2012, the City of Vero Beach adopted Ordinance 2012-16 which created a 50% ex- emption from the 10% utility tax levied by the city on electricity charges, for a"qualifying business" lo- cated in the Enterprise Zone. A "qualifying business" was generally defined as one which first occupies a new facility to which electrical service had not previously been provided, or first occupies a renovated or rehabilitated facility to which electrical service had not been provided during the prior three billing cycles. The exemption applies only within the portion of the Enterprise Zone located with the City of Vero Beach. Indian River Co. Approved Date APPROVED FOR JANUARY 8, 2013 Admin B.C.C. MEETING—ATTORNEY'S MATTERS Co.Att . f 1 Budget '?j Dept. COUNTYATT Risk M-- Z.-1—fir-ado, grZ.-1—fir-Zdo, 100