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1996-056
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1996-056
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Last modified
10/16/2015 4:51:08 PM
Creation date
10/16/2015 4:46:31 PM
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Resolutions
Resolution Number
1996-056
Approved Date
05/14/1996
Resolution Type
Creating Economic Development
Ad Valorem Tax Exemptions
Subject
To encourage econimic development
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(b) Any revenue lost to the county for the current <br />fiscal year by virtue of exemptions previously <br />granted under this resolution, or an estimate <br />of such revenue if the actual revenue lost <br />cannot be determined. <br />(c) An estimate of the revenue which would be lost <br />to the county during the current fiscal year <br />if the exemption applied for were granted had <br />the property for which the exemption is <br />requested otherwise been subject to taxation. <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 &Mlication 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 />
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