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Ar:. ,:M' z RESOLUTION N0. 96-5_ A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA, CALLING FOR A REFERENDUM TO DETERMINE WHETHER THE BOARD OF COUNTY COMMISSIONERS SHALL HAVE THE POWER AUTHORIZED BY SECTION 3, ARTICLE VII OF THE FLORIDA CONSTITUTION TO GRANT AD VALOREM TAX EXEMPTIONS TO NEW INDUSTRIAL BUSINESSES, NEW CORPORATE OFFICES AND EXPANSIONS OF EXISTING INDUSTRIAL BUSINESSES. WHEREAS, pursuant to the authority of Section 3, Article Vii of the Florida Constitution the Florida Legislature has adopted Section 196.1995, Florida Statutes, which authorizes the Board of County Commissioners of Indian River County to call a referendum within its total jurisdiction to determine whether its respective Jurisdiction may grant economic development ad valorem tax exemptions; and WHEREAS, the Indian River County Board of County Commissioners has determined that having the power to grant such exemptions would be in the public interest by fostering economic development which would otherwise not occur; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that: 1. A referendum shall be held on November 5, 1996, as part of general election, within the entire incorporated and unincorporated areas of Indian River County to be held pursuant to Section 101.6102, Florida Statutes, at which the following question will be presented to the qualified voters: SHALL THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY BE AUTHORIZED, PURSUANT TO S. 3, ART. VII OF THE STATE CONSTITUTION, TO GRANT PROPERTY TAX EXEMPTIONS TO NEW INDUSTRIAL BUSINESSES, NEW CORPORATE OFFICES, AND EXPANSIONS OF EXISTING INDUSTRIAL BUSINESSES? YES - For Authority to Grant Exemptions NO - Against Authority to Grant Exemptions 2. The Supervisor of Elections is authorized to conduct this referendum as part of 1996, general election. 3. The County Attorney's office shall ensure that appropriate notices of this referendum will be provided, pursuant to Section 100.342, Florida Statutes, i.e., 30 days notice by publication in the Vero Beach Press Journal at least twice, once in the fifth week and once in the third week prior to the week in which the referendum is to be held.