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A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />ORDINANCE NO. 2011 -oil J.K. BARTON, CLERK <br />S O ATION OF NEW SE <br />Title XI of the Code of Indian River County, Florida, is hereby amended to create section <br />1100. 14, as follows (new language underlined): <br />Sic on 1100.14 Econo is Deve1QPrnent ,Ad Valorem lax Exemption Oranted to INEQS New <br />Janet 'oener L <br />(1) <br />Tis exMN§ n shall arrnly only to the- imnrovem= to real properly and the tangible <br />_ rs nal ar 2M desgibed in Business' application for sm�,_ exemption, on file in the <br />U ORMHO& devcl Rl>d l <br />fir- Mi ' nn �„ :.re .: i - r`� ► . ti : i .! i/_`I 1 : �L_'_4 a, <br />end new tangible aarsonal nronerty in the absence of the exemption. The moved <br />empTson 1; are as follows• <br />Year 1 <br />(January 1, 2013 tax roll) ..........100% <br />Year 2 <br />(January 1, 2014 tax roll) ..........100% <br />Year 3 <br />(January 1, 2015 tax roll) .......... <br />100% <br />Year 4 <br />(January 1, 2016 tax roll) .......... <br />90'/o <br />Year 5 <br />(January 1, 2017 tax roll) .......... <br />800/o <br />Year 6 <br />(January 1, 2018 tax roll) .......... <br />70% <br />Year 7 <br />(January 1, 2019 tax roll) .......... <br />60% <br />Year 8 <br />(January 1, 2020 tax roll) .......... <br />5036 <br />Year 9 <br />(January 1, 2021 tax roll) .......... <br />40'/0 <br />Year 10 (January 1, 2020 tax roll) ........... <br />30% <br />The total amount of revemxe gvvCkle to the County from ad valorem gg sgmm <br />for the cent fmW year icy virtue of MMMic develo�nent ad valorem mat_ tions <br />currently in effect is $0- and the estimat�od M=u 12 o the County for fixe current <br />99cal year if the ex 'on's rst year had been in effect is $123.95 1 <br />(4) The exemption be subject to all visigns gA forth in sections 11000,01 <br />through 1190,,15, Wjthout limitation. the eontinuatjon of the exemption shall be <br />eoWinuent upon BusineW compliance with section 1100,10 relating, to "Con mine <br />Fafbnnan ems." <br />2 <br />107 <br />P41 <br />