Laserfiche WebLink
MAR <br />BOOK 88 PAGE 9541 <br />CONSIDERATION OF DRAFT OF PROPERTY TAB ABATEMENT ORDINANCE <br />Community Development Director Bob Keating presented the <br />following memo dated February 24, 1993: <br />TO: James Chandler <br />County Administrator <br />FROM: Robert M. Keating, AICPjWK <br />Community Development Director <br />DATE: February 24, 1993 <br />SUBJECT: CONSIDERATION OF DRAFT PROPERTY <br />TAX ABATEMENT ORDINANCE <br />It is requested that the data presented herein be given formal <br />consideration by the Board of County Commissioners at their regular <br />meeting of March 2, 1993. <br />DESCRIPTION & CONDITIONS: <br />As per a recent decision by the Board of County Commissioners, a <br />referendum on the issue of property tax exemptions for new or <br />expanding businesses has been scheduled for April 13, 1993. This <br />election will be conducted by mail, with ballots being sent out on <br />March 24, 1993.- <br />If the referendum passes, the Board will need to enact an ordinance <br />setting the parameters of the tax exemption program. While the <br />ordinance must be adopted prior to initiating the program, the <br />ordinance need not be adopted prior to the referendum. A draft <br />ordinance is attached to this agenda item for preliminary <br />consideration by the Board. Although no action can be taken by the <br />Board at this time, discussion and resolution of all issues <br />relating to the ordinance will facilitate its adoption once the <br />referendum passes. <br />Proposed Ordinance <br />The attached ordinance is the amended version of one of two drafts <br />considered by the Economic Development Council (EDC). This <br />proposed ordinance was approved unanimously by the EDC and <br />recommended to the Board for adoption. Since the EDC approved the <br />Proposed ordinance, substantial wording changes have been made by <br />the County Attorney's office to ensure that the ordinance wording <br />corresponds exactly to Florida Statute language, instead of <br />paraphrasing it. No substantive changes were made with these <br />revisions. <br />As drafted, the proposed ordinance correspond; to the provisions of <br />Florida Statutes Section 196.1995. In only one area is the <br />proposed ordinance more restrictive than the Statutes allow; that <br />relates to the duration of the exemption. While Florida Statutes <br />provides that an exemption may not extend for more than ten years, <br />the proposed ordinance limits exemptions to six years. <br />26 <br />