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bou 97; fmE874 <br />2/22/96(ord\gaestax. doc)Ow <br />ORDINANCE 96- 11 <br />AN ORDINANCE OF INDIAN RIVER COUNTY, <br />FLORIDA, EXTENDING THE LOCAL OPTION GAS <br />TAX FOR 30 YEARS AND AMENDING THE <br />DISPOSITION OF PROCEEDS. <br />WHEREAS, Section 336.025, F. S. authorizes the levy of a local <br />option -gas tax; and <br />WHEREAS, the County adopted an ordinance establishing said tax <br />(Chapter 209, Indian River County Code); and <br />WHEREAS, said tax has a current termination date of August 31, <br />1996; and <br />WHEREAS, an extension of this tax for the maximum period allowed <br />by law is in the public interest; and <br />WHEREAS, the disposition of proceeds should also be addressed, <br />NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, that: <br />SECTION 1. AMENDMENT. <br />Section 209.03 which reads as follows: <br />Section 209.03. Effective date. <br />The tax imposition hereby made shall be effective from <br />September 1, 1985 to August 31, 1996, both inclusive. <br />is hereby amended to read as follows: <br />Section 209.03. Effective date. <br />The" tax imposition hereby made shall be effective from <br />September 1, 1996 to August 31, 2026, both inclusive. <br />Section 209.04(a) which reads as follows: <br />Section 209.04. Disposition of proceeds. <br />(a) Pursuant to the interlocal agreement entered into <br />between ' the county and municipalities within the county <br />representing a majority of the incorporated area population <br />within Indian River County, the proceeds of the tax hereby <br />imposed shall be divided and distributed by the State of <br />Florida Department of Revenue to Indian River County and <br />eligible municipalities in the following proportions: <br />20 <br />April 23, 1996 <br />