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Board of County Commissioners Meeting Minutes - Final June 9, 2020 <br />Recommended Action: None required <br />Attachments: Staff Report <br />No Action Taken or Required <br />10.C.2. 20-1618 Public Notice of Public Hearing Scheduled for June 16, 2020 to Consider an <br />Application for a Class "E1" Certificate of Public Convenience and Necessity <br />by iTransit, LLC - ADMINISTRATIVE <br />Attachments: Staff Report <br />No Action Taken or Required <br />11. COUNTY ADMINISTRATOR MATTERS <br />12. DEPARTMENTAL MATTERS <br />A. Community Development <br />12.A.1. 20-1603 Consideration of Holding A Referendum to Renew the County Economic <br />Development Ad Valorem Tax Exemption (Tax Abatement) Program <br />Recommended action: Staff and the EDC recommends that the Board of County Commissioners move <br />forward with a referendum requesting that the Tax Abatement program be <br />renewed for another ten years. Staff also recommends that the Board direct the <br />County Attorney's Office to draft an ordinance that a) includes ballot language <br />for a voter referendum in November 2020 to renew the Tax Abatement Program <br />for another ten years; and b) modifies Title XI of the Indian River County Code <br />of Ordinances to extend the Tax Abatement Program should it be renewed for <br />another 10 years. <br />Attachments: Staff Report <br />FS 196.1995 <br />List of Target Industries <br />INEOS Summary of Taxes <br />Advantages of Tax Abatements <br />Changes to Tax Abatement Statute Since 2010 <br />Tax Abatement Application <br />Long -Range Planning Chief Bill Schutt referred to staffs memorandum dated <br />May 28, 2020, in his request for consideration of a 10 -year renewal referendum <br />to grant qualifying businesses with Economic Development Ad Valorem Tax <br />exemptions (Tax Abatements). He used a PowerPoint presentation to highlight <br />the Tax Abatement purpose, eligible businesses, targeted industries, past use, <br />and the potential future uses of the Tax Abatement program. Chief Schutt also <br />Indian River County Florida Page 5 <br />