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expansion of existing business, as defined in section <br />1.05 of this resolution. <br />Section 1.09 Ordinance Requirement• <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 />(4) A finding that the business named in the ordinance meets <br />the definition of a new business or an expansion of an <br />existing business. <br />Section 1.10 gee• <br />Fees charged to offset the cost of processing applications <br />shall be adopted by the Board by resolution. <br />Section 1.11 Revoking of Tax Sxemotion <br />The Board reserves the right to revoke any tax exemption <br />granted under this ordinance, after a public hearing, based on <br />changes to the business from that expected by the application <br />(business no longer meeting the requirement of this resolution), or <br />for misrepresentation or fraud. <br />Section 1.12 Termination Date <br />The Board's authority to grant exemptions will expire on November <br />5, 2006 but the authority to grant exemptions may be renewed for <br />another 10 year period in a referendum called and held pursuant to <br />Section 196.1995, F.S. <br />6 <br />