5/18/1995 - Laserfiche WebLink

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TAB EXAMPLES M Value Taxes Without Exemption Taxes with Exemption Land value $20,000 $20,000 $1 -million Improvements Value $20,000 $12,000 $1 -million ------------------------------------------------------------- TOTAL $40,000 $32,000 Commissioner Eggert asked if the Board would like the Economic Development Council to develop information for tax abatement and applications for job grants. Commissioner Bird wanted to see it come back because it is an opportunity to compete with other counties. Commissioner Eggert was excited about the potential of developing our SWDD industrial park. Commissioner Tippin commended staff for their tremendous efforts in bringing this very informative presentation to the Board, and Commissioner Eggert noted that it doesn't cost the taxpayers anything for us to study the issues. The Board next discussed finding a way for people to pay back SHIP funds, possibly at the time the property is sold or the owner dies. Another alternative would be to pay it back monthly, capital plus interest, over the years. It would require substantial administration, but staff will look into it. Director Keating reported that Indian River County is expected to receive $573,000 in grants for next year. He noted that 110 families have been assisted by this program. Tim Zorc, current president of the Treasure Coast Builders Association, asked if there was a double charge in the calculations for trip generations for industry, and Director Keating explained the formula for arriving at trips and emphasized that there is no double charge in calculating impact fees. Mr. Zorc, using the example of the additional vehicles on the road from the U.S. Post Office and the citrus industry, suggested that the collection of traffic impact fees be tied to Certificates 31 MAY 189 1995 Boa 95 PnEx.40 I