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ORDINANCE NO. 2021- 007; Year 4 (January 1. 2025 tsx Year 5 (January 1 2028 tax roll) 80% Year fi (January 1 2027 tax roll) 40% Year 7 (January 1. 2028 tax roll) .......20% Year 8 (January 1 2029 tax roll) .......10% (3) On or belare January 15'^ of each vasr. beginning In 2022 Diamond Dr nits of Florida, I hall submit to the County Community Develoomant Department an annual rt providlixt evidence M confinued compliance with the definition M an mandino business d the Indian River County Ad Valorem TaX AbateM ADD[ catiScorim Guidelines used to set the tiMao t forth abovefor h of the M years dudno which Diamond Drinks of Florida Int.'s eligible to receive ad valorem tax axemct'on If the annual report's not recelved. or If the annual reportindicates Diamond Prinks f Florida, longer meels the criteria fF54196012f15) meets the Indian River County Ad Valorem Tax Abatement AI' tis Scoring Guidelines lid to setthe perroardmes set forth above, the County Community Development Director shat make a report to the Board of County Commissioners for consideration f wocarion or reduction of the tax examption rnwarced under this cti (4) The total amount of revenue available to the County from ad valorem tax sources for the current fiscal war Is$119798352'the total amount of revenue lost to the County for the t fiscal war by virtueat economic development ad valorem tax emmpdonsMI effect' $0- and the esti aced revenue IoN to the County for the t fiscal tbib table to the ecremption aranted in this p'on is $0 The estimated revenue loss to the County for fiscal year 2022 ii $11.387.89. (5) The eassimplionshall be submitigi to all Provisions set forth in ect' 1100.01 throutilt 110013 Without limilation. the continuation of the vtio shall b condwentupon Business'compliance with section 110010 reletina to"COM!ntin Performance! (8) The Board specificaly finds that Rusiness meets the I nts of sectio 198.012(151. Florida Statutes. Section 4. Severability. If any part of this ordinance Is held to be invalid or unconstitutional by a court of competerltjudsdiction, the remainder of this ordinance shall not be affected by such holding and shall remain in full force and effect. Section S. Codification. It is the intention of the Board of County Commissioners that Me provision ofthis 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.