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staff's conclusion that INEOS was properly qualified for the tax abatement for 2016. In total, INEOS <br />produced an average of more than 50 new high wage jobs for over five years and installed a multi- <br />million dollar energy plant facility. <br />Because neither INEOS nor a subsequent buyer owner/operator will be able to meet the tax abatement <br />agreement requirements for 2017, the Board needs to suspend the exemption for 2017. By suspending <br />the exemption, the Board will retain the option of re -starting the exemption in subsequent years for a <br />qualifying owner/operator. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners: <br />Find that INEOS New Planet BioEnergy LLC was in compliance with its Economic <br />Development Ad Valorem Tax Exemption requirements for tax year 2016; and <br />2. Suspend the plant facility tax abatement exemption for 2017 and retain the option for future <br />Board action to re -start the tax exemption in subsequent years for a qualifying plant <br />owner/operator. <br />ATTACHMENTS <br />1. Approved Minutes from December 20, 2011 Board Meeting <br />2. INEOS Tax Exemption Ordinance 2011-011 <br />3. INEOS Tax Exemption Agreement <br />4. Excerpts from Chapter 1100 <br />5. INEOS Compliance with Tax Exemption Representations <br />6. Scoring Guidelines <br />7. E-mail correspondence from INEOS <br />C\Users\GRANIC—1 \AppData\Local\Temp\BCL Technologies\easyPDF 7\@BCL@ 18051225\@BCL@ 18051225.docx 4 <br />P37 <br />