4/6/2021 12:00:00 PM
4/6/2021 11:59:47 AM
Agenda Item Number
Ad Valorem Tax
State Filed Date
Diamond Drinks of Florida
Ad Valorem Tax Exemption
Create new section of Title XI - 1100.18
Codified or Exempt
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ORDINANCE NO. 2021- 007 <br />AN ORDINANCE OF THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA, CREATING A NEW SECTION <br />1100.16 (ECONOMIC DEVELOPMENT AD VALOREM TAX EXEMPTION <br />GRANTED TO DIAMOND DRINKS OF FLORIDA, INC. ('BUSINESS")) OF <br />CHAPTER 1100 (ECONOMIC DEVELOPMENT AD VALOREM TAX <br />EXEMPTION) OF TITLE XI (ECONOMIC DEVELOPMENT AD VALOREM <br />TAX EXEMPTION) OF THE CODE OF INDIAN RIVER COUNTY <br />GRANTING AN ECONOMIC DEVELOPMENT AD VALOREM TAX <br />EXEMPTION TO DIAMOND DRINKS OF FLORIDA, INC.; MAKING <br />FINDINGS AND PROVIDING FOR SEVERABILITY, CODIFICATION AND <br />AN EFFECTIVE DATE. <br />WHEREAS, Title XI of the Code of Indian River County, entitled 'Economic <br />Development Ad Valorem Tax Exemption Ordinance,' authorizes the Board of County <br />Commissioners to grant economic development ad valorem tax exemptions <br />('Exemption") to certain new or expanding businesses; and <br />WHEREAS, Section 193.1995(11), Florida Statutes, requires that any action of the <br />Board granting an Exemption to a crew or expanding business be set forth in an ordinance; <br />and <br />WHEREAS, the Board has determined that all prerequisites to the gmntng of an <br />Exemption to Diamond Drinks of Florida, Inc have been mel, and the granting of such <br />Exemption will promote and strengthen the local economy and thereby enhance the <br />heats, welfare and general well-being of the citizens of Indian River County, <br />NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, THAT: <br />Section 1. Enactment Authority. <br />Section 3, Article VII of the Florida Constitution and Section 196.1995, Florida Statutes, <br />authorize the Board of County Commissioners to grant economic development ad <br />valorem tax exemptions to certain new and expanding businesses, upon majority vote in <br />favor of such authority in a referendum called for such purpose. In a referendum held on <br />November 2, 2010, a majority of voters in Indian River County voted In favor of such <br />authority, and Title XI of the Code of Indian River County, entitled "Economic <br />Development Ad Valorem Tax Exemption" became e6eetive; and on November 3, 2020, <br />a majority of voters in Indian River County voted in favor of continuing such authority. <br />
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