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BOARD OF COUNTY COMMISSIONERS
AGENDA REQUEST
DATE: April 2, 2013
TO: Honorable Chairman and Members of the Board
FROM: Kay Rasmussen, Interim President, Economic Development Council
SUBJECT: Visitor EDC - Request for Public Hearing for Tax Abatement Program
The Economic Development Council of Okaloosa County requests approval to schedule a public
hearing on April 16 for comment and consideration of providing an Economic Development Ad
Valorem Tax Exemption for Project Talking Parents.
Project Talking Parents is a business located in Fort Walton Beach. The project has been coded
to protect confidentiality pursuant to Florida Statute 288.075. However, the EDC expects the
company to be present at the public hearing and the company name will be announced at that
time.
The ED Ad Valorem Tax Exemption will provide the 20% required local financial support match
for the Qualified Target Industry Tax Refund program administered by the state. If the BCC
approves scheduling a public hearing, the EDC will have the proposed resolution reflecting the
Ad Valorem Tax Exemption year-to-year values based on assessments conducted by the Property
Appraiser’s office available for review and approval. Additionally, the EDC will supply a
proposed ordinance for adoption.