HomeMy WebLinkAbout2020-014ORDINANCE NO. 2020- 014
time it was moved for adoption by Commissioner O' Bryan , seconded by
Commissioner Solari , and adopted by the following vote:
Chairman Susan Adams
AYE
Vice Chairman Joseph E. Flescher
AYE
Commissioner Tim Zorc
AYE
Commissioner Peter D. O'Bryan
AYE
Commissioner Bob Solari
AYE
The Chairman thereupon declared the ordinance duly passed and adopted this 28th day
of October, 2020.
BOARD OF'COUNI
COMMISSIONERS OF I IAN -VEI
COUNTY�FLORIDA ..••�
0
SusAn Adams, Chairma�i
ATTEST: Jeffrey R. Smith, Clerk
and Comptroller ''���FRcouNr
By:
Deputy CI
EFFECTIVE DATE: This Ordinance was filed with the Department of State on the of 9
day of October, 2020.
APPROVED AS TO FORM
AND LEGAL SUFFICIENCY
BY —
DYLAN REIIINJGOLD
COUNTY .ATTOR'N lEY
ORDINANCE NO. 2020- 0.14
AN ORDINANCE OF THE BOARD OF COUNTY COMMISSIONERS OF
INDIAN RIVER COUNTY, FLORIDA, CREATING A NEW SECTION
1100.15 (ECONOMIC DEVELOPMENT AD VALOREM TAX EXEMPTION
GRANTED TO PCP TACTICAL, LLC ("BUSINESS")) OF CHAPTER 1100
(ECONOMIC DEVELOPMENT AD VALOREM TAX EXEMPTION) OF
TITLE XI (ECONOMIC DEVELOPMENT AD VALOREM TAX EXEMPTION)
OF THE CODE OF INDIAN RIVER COUNTY GRANTING AN ECONOMIC
DEVELOPMENT AD VALOREM TAX EXEMPTION TO PCP TACTICAL,
LLC; MAKING FINDINGS AND PROVIDING FOR SEVERABILITY AND
AN EFFECTIVE DATE.
WHEREAS, Title XI of the Code of Indian River County, entitled "Economic
Development Ad Valorem Tax Exemption Ordinance," authorizes the Board of County
Commissioners to grant economic development ad valorem tax exemptions
("Exemption") to certain new or expanding businesses; and
WHEREAS, Section 196.1995(l 1), Florida Statutes, requires that any action of the
Board granting an Exemption to a new or expanding business be set forth in an ordinance;
and
WHEREAS, the Board has determined that all prerequisites to the granting of an
Exemption to PCP Tactical, LLC have been met, and the granting of such Exemption will
promote and strengthen the local economy and thereby enhance the health, welfare and
general well-being of the citizens of Indian River County,
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, THAT:
Section 1. Enactment Authority.
Section 3, Article VII of the Florida Constitution and Section 196.1995, Florida Statutes,
authorize the Board of County Commissioners to grant economic development ad
valorem tax exemptions to certain new and expanding businesses, upon majority vote in
favor of such authority in a referendum called for such purpose. In a referendum held on
November 2, 2010, a majority of voters in Indian River County voted in favor of such
authority, and Title XI of the Code of Indian River County, entitled "Economic
Development Ad Valorem Tax Exemption Ordinance" became effective.
ORDINANCE NO. 2020- 014
Section 2. Findings.
The Board finds that the above "Whereas" clauses are true and correct, and hereby
incorporates such clauses as findings of the Board. Additionally, the Board specifically
finds that PCP Tactical, LLC meets the requirements of Section 196.012(15), Florida
Statutes.
Section 3. Creation of Section 1100.15 of Chapter 1100 (Economic Development
Ad Valorem Tax Exemption).
Section 1100.15 of Chapter 1100 (Economic Development Ad Valorem Tax Exemption)
of the Code of Indian River County, Florida, is hereby created to read as follows:
CHAPTER 1100. - ECONOMIC DEVELOPMENT AD VALOREM TAX EXEMPTION
Section 1100.15 Economic Development Ad Valorem Tax Exemption Granted to PCP
Tactical, LLC ("Business").
(1) An economic development ad valorem tax exemption is hereby granted to
Business whose address is 3895 39th Square Vero Beach FL 32960 The
exemption shall apply to its new improvements to real property and its new tangible
personal property related to its planned expansion of its existing business to be
located at 4155 49th Avenue, Vero Beach, Florida 32967 described as lots 2 3
and 4, Indian River Industrial Center, according to the plat thereof recorded in Plat
Book 23, Page 9, of the Public Records of Indian River County Florida This
exemption shall apply only to the improvements to real property and the tangible
Personal property described in Business' Application for such exemption
(2) The exemption shall be for a term of 10 years commencing with the first year the
new improvements or new tangible personal property are added to the assessment
roll. The amount of the exemption shall be a specified percentage of county ad
valorem taxes for the General Fund Municipal Services Taxing Units and
Emergency Services District, which would otherwise be due with respect to the
new improvements or new tangible personal property in the absence of the
exemption The approved exemption percentages are as follows:
Year 1
(January
1,
2023 tax roll) .......100%
Year 2
(January
1,
2024 tax roll) .......100%
Year 3
(January
1,
2025 tax roll) .......100%
Year 4
(January
1,
2026 tax roll) .......90%
Year 5
(January
1,
2027 tax roll) .......80%
Year 6
(January
1,
2028 tax roll) .......70%
ORDINANCE NO. 2020- 014
time it was moved for adoption by Commissioner O' Bryan , seconded by
Commissioner Solari , and adopted by the following vote:
Chairman Susan Adams
AYE
Vice Chairman Joseph E. Flescher
AYE
Commissioner Tim Zorc
AYE
Commissioner Peter D. O'Bryan
AYE
Commissioner Bob Solari
AYE
The Chairman thereupon declared the ordinance duly passed and adopted this 28th day
of October, 2020.
BOARD OF
COMMISSIONERS OF I IAN
CODUTY-,FLORIDA
�K-.
ATTEST: Jeffrey R. Smith, Clerk
and Comptroller
By.
Deputy C16K
EFFECTIVE DATE: This Ordinance was filed with the Department of State on the --W
day of October, 2020.
Appil(WED AS TO FoRm
AND LEGAL SUFFICIENCY
BY
D` {LAN :tEiNGOLD
COUNTYATTORNEY