Laserfiche WebLink
improve our perception as being more business friendly and put us on more equal fooling with <br />St. Lucie County, Palm Bay, and Brevard County that already have a tax abatement program. <br />In explaining how tax abatement works, Commissioner O'Bryan said it does not give <br />away any tax dollars, just capping it or freezing it at that level; rt does not waive or eliminate <br />payment of impact fees; it does not waive or eliminate infrastructure requirements under the <br />County's Land Development Regulations; and it does not reduce or eliminate current taxes on <br />real property. Further, tax abatement applies only to county taxes, and not schools, cities, special <br />districts, or bonds. He thereafter presented the new business criteria proposal to create ten (10) <br />or more full-time jobs in manufacturing or industrial businesses. <br />In conclusion, Commissioner O'Bryan declared that it was his intention to get <br />community support for this tax abatement idea. He had presented the idea to the Indian River <br />Neighborhood Association (IRNA) and to the Sebastian Property Owners Association, and has <br />received endorsement letters from them. He intends to approach the Realtors, the Home <br />Builders, Common Ground, and the Taxpayers Association, to spread the message and gather <br />support. Thereafter, he hoped to bring his idea before the Board of County Commissioners to <br />solicit approval to put it on a referendum/ballot in November. <br />[The balance of this page intentionally left blank] <br />6 <br />February 5, 2009 <br />Economic Summit Workshop <br />BK 136 PG 726 <br />