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Economic Development Council and staff recommend Board approval of the proposed <br /> Ordinance granting an economic development ad valorem tax exemption to INEOS New Planet <br /> Bioenergy, LLC , with the conditions outlined in staff' s recommendation. <br /> (Clerk 's Note: Please see the Board 's Motion for conditions referenced above) <br /> The Chairman opened the Public Hearing. <br /> There were no speakers, and the Chairman closed the Public Hearing. <br /> ON MOTION by Commissioner Solari SECONDED by <br /> Commissioner Flescher the Board unanimously: ( 1 ) found <br /> that the INEOS New Planet BioEnergy facility qualifies as <br /> a "New Business" under the tax abatement ordinance ; (2) <br /> found that the application scores in the highest tax <br /> abatement award category under the adopted scoring <br /> guidelines ; (3 ) granted a tax abatement using the schedule <br /> for highest award category, with the 10-year abatement <br /> period to begin in 2013 ; (4) adopted Ordinance 2011m <br /> 011 , amending Title XI of the Code of Indian River <br /> County (Economic Development Ad Valorem Tax <br /> Exemption) by creating a new section 1100 . 14 granting an <br /> economic development ad valorem tax exemption to <br /> INEOS New Planet Bioenergy, LLC ; making findings and <br /> providing for severability and an effective dates and (5) <br /> authorized the Chairman to execute the Economic <br /> Development Tax Exemption Agreement for INEOS New <br /> Planet BioEnergy, LLC facility. <br /> AGREEMENT ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD <br /> 8K 141 PG 80Z <br /> December 20, 2011 12 <br />