Laserfiche WebLink
RESOLUTION NO. 96-56 <br />(d) A determination that the property to be <br />incorporated into a business which meets the <br />definition of a new business or expansion of <br />an existing business as defined in this <br />resolution. <br />(2) When considering the issue of whether or not an applicant <br />is eligible, the Board shall consider the anticipated <br />number of employees, average wage, type of business, <br />environmental impacts, volume of business or production, <br />or any other information relating to the issue of whether <br />the proposed development would significantly improve <br />economic development in Indian River County. Special <br />emphasis shall be given to whether or not the business <br />would be likely to relocate or expand in Indian River <br />County without the tax exemption. <br />Section 1.08 AMlication Requirements <br />The application shall request the adoption of an ordinance <br />granting the applicant an exemption pursuant to Ch. 196, F.S. <br />The application shall include the following information: <br />(1) The name, property location (address), and tax parcel <br />number(s) of the new business or expansion of an existing <br />business to which the exemption is granted. <br />(2) A description of the improvements to real property for <br />which an exemption is requested and the date of <br />commencement of construction of such improvements. <br />(3 ) A description of the tangible personal property for which <br />an exemption is requested and the dates when such <br />property was or is to be purchased. <br />(4) Proof, to the satisfaction of the Board of County <br />Commissioners that the applicant is a new business or an <br />expansion of existing business, as defined in section <br />1.05 of this resolution. <br />Section 1.09 Ordinance Requirements <br />An ordinance granting an exemption under this section shall be <br />adopted in the same manner as any other ordinance in the county and <br />shall include the following: <br />(1) The name and address of new business or expansion of an <br />existing business to which exemption is granted. <br />(2) The total amount of revenue available to the county from <br />ad valorem tax sources for the current fiscal year, the <br />total amount of revenue lost to the county for the <br />current fiscal year by virtue of economic development ad <br />valorem tax exemptions currently in effect, and the <br />estimated revenue loss to the county for the current <br />fiscal year attributable to the exemption of the business <br />named in the ordinance. <br />(3) The period of time for which the exemption will remain in <br />effect and the expiration date of the exemption. <br />43 <br />May 14, 1996 na 48 <br />