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ORDINANCE NO. 2020= Year 7 (January 1, 2029 tax roll) .......60% Year 8 (January 1, 2030 tax roll) .......50% Year 9 (January 1, 2031 tax roll) .. ...40% Year 10 (January 1, 2032 tax roll) ......30% (3) On. or before January 15th of each year, beginning in 2023, PCP Tactical, LLC shall submit to the County Community Development Department an annual report providing evidence of continued compliance with the definition of an expanding business and the Indian River County Ad Valorem Tax Abatement Application Scoring Guidelines used to set the exemption percentages set forth above for each of the ten years during which PCP Tactical, LLC is eligible to receive ad valorem tax exemption. If the annual report is not received, or if the annual report indicates PCP Tactical LLC no longer meets the criteria of F.S. � 196.012, or no longer meets the Indian River County Ad Valorem Tax Abatement Application Scoring Guidelines used to set the exemption percentages set forth above, the County Community Development Director shall make a report to the Board of County Commissioners for consideration of revocation or reduction of the tax exemption awarded under this section. (4) The total amount of revenue available to the County from ad valorem tax sources for the current fiscal year is $119,796,352; the total amount of revenue lost to the County for the current fiscal year by virtue of economic development ad valorem tax exemptions currently in effect is $0; and the estimated revenue loss to the County for the current fiscal year attributable to the exemption granted in this section is $0. The estimated revenue loss to the County for fiscal year 2023 is 26,865.07 (5) The exemption shall be subject to all provisions set forth in sections 1100.01 through 1100.13. Without limitation, the continuation of the exemption shall be contingent upon Business' compliance with section 1100.10 relating to "Continuing Performance." (6) The Board specifically finds that Business meets the requirements of section 196.012(15), Florida Statutes. 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. Effective Date. This ordinance shall become effective upon enactment by the Board of County Commissioners and filing with the Department of State. This ordinance was advertised in the Indian River Press Journal on the 18th day of October, 2020, for a public hearing to be held on the 28th day of October, 2020, at which ,3q