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ORDINANCE NO. 2020- 008 Section 3. Codification. It is the intention of the Board of County Commissioners that the provision of this ordinance shall become and be made part of the Indian River County Code, and that the sections of this ordinance may be renumbered or re -lettered and the word ordinance may be changed to section, article or such other appropriate word or phrase in order to accomplish such intention. Section 4. Severability. If any part of this ordinance is held to be invalid or unconstitutional by a court of competent jurisdiction, the remainder of this ordinance shall not be affected by such holding and shall remain in full force and effect. Section 5. Conflict. All ordinances or parts of ordinances in conflict herewith are hereby repealed. Section 6. Referendum Approval. A question shall be placed on the ballot at the November 3, 2020 election to be held in Indian River County for referendum approval by the electors of Indian River County to be worded substantially as follows: "Shall the board of county commissioners of this county be authorized to grant, pursuant to s. 3, Art. VII of the State Constitution, property tax exemptions to new businesses and expansions of existing businesses that are expected to create new, full-time jobs in the county?" Yes—For authority to grant exemptions. No—Against authority to grant exemptions. Section 7. Effective Date. This ordinance shall become effective on November 3, 2020 only if a majority vote "yes" in favor of the extension of the economic development ad valorem tax exemption, at the referendum scheduled for November 3, 2020. If a majority vote "no" against such authority, this ordinance shall be null and void. This ordinance was advertised in the Indian River Press Journal on the 2nd day of July, 2020, for a public hearing to be held on the 14th day of July, 2020, at which time it was moved for adoption by Commissioner 0' Bryan seconded by Commissioner Flescher , and adopted by the following vote: Chairman Susan Adams AYE Vice -Chairman Joseph E. Flescher AYE Commissioner Tim Zorc AYE Commissioner Peter D. O'Bryan AYE Commissioner Bob Solari AYE