Okaloosa County BOCC — February 11, 2013 — reading text

Don Amunds, Chairman ATTEST: _________________________________ Don Howard, Clerk of Courts Packet Pg. 14  5.1.c Exhibit B ORDINANCE NO. _ AN ORDINANCE GRANTING AN ECONOMIC DEVELOPMENT AD VALOREM TAX EXEMPTION TO PROJECT TALKING PARENTS LOCATED IN FORT WALTON BEACH, FLORIDA, FOR SPECIFIED Attachment: Exhibit B - Ordinance (1601 : Public Hearing - Tax Exemption Approval Talking Parents) IMPROVEMENTS AND ITEMS OF PERSONAL PROPERTY IN OKALOOSA COUNTY, FLORIDA; SPECIFYING THE ITEMS EXEMPTED; PROVIDING THE EXPIRATION DATE OF THE EXEMPTION; FINDING THAT THE PROPOSED BUSINESS MEETS THE EXEMPTION REQUIREMENTS OF CHAPTER 196, FLORIDA STATUTES; PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF OKALOOSA COUNTY, FLORIDA: SECTION 1. An Economic Development Ad Valorem Tax exemption is hereby granted to PROJECT TALKING PARENTS, FORT WALTON BEACH, FLORIDA , for those improvements to real property and those items of tangible personal property described in the Application For Economic Development Tax Exemption, a copy of which is attached hereto and by reference made a part hereof. SECTION 2. The amount of revenue available from ad valorem tax sources, the revenue lost because of economic development ad valorem tax exemptions currently in effect, and the amount of estimated revenue which will be lost because of the exemption hereby granted are in accordance with Paragraphs I, II, III, and IV of the Property Appraiser’s findings on the attached Application For Economic Development Tax Exemption. SECTION 3. The tax exemption hereby granted shall be for a term of 10 years commencing with the taxes for the year 2014 and ending with the taxes for the year 2023. SECTION 4. In accordance with the findings of the Property Appraiser, the property Packet Pg. 15  5.1.c Exhibit B hereby exempted meets the definition, as defined by Section 196.012, Florida Statutes, of a new business or an expansion of an existing business. SECTION 5. The tax exemption hereby granted shall only be for the tangible personal Attachment: Exhibit B - Ordinance (1601 : Public Hearing - Tax Exemption Approval Talking Parents) property located on the real property described in the Application attached hereto. SECTION 6. This Ordinance shall take effect upon receipt of official acknowledgment from the Department of State of the State of Florida that it has been filed and does hereby repeal all Ordinances or provisions thereof in conflict herewith. PASSED AND ADOPTED in regular session on this the 16th day of April 2013. OKALOOSA COUNTY, a political Subdivision of the State of Florida By:__________________________ DON AMUNDS, CHAIRMAN BOARD OF COUNTY COMMISSIONERS ATTEST: _____________________ DON W. HOWARD CLERK OF THE CIRCUIT COURT Packet Pg. 16  5.1.d Exhibit C PUBLIC NOTICE NOTICE IS HEREBY GIVEN that the Board of County Commissioners of Okaloosa County, Florida, will hold a public hearing on April 16, 2013, at 7:00 P. M. in the Commissioners Meeting Room at the Okaloosa County Water and Sewer Building, 3rd Floor Large Attachment: Exhibit C - Public Notice (1601 : Public Hearing - Tax Exemption Approval Talking Parents) Conference Room, 1804 Lewis Turner Boulevard, Fort Walton Beach, Florida, to consider the adoption of a County Ordinance, the title of which is: AN ORDINANCE GRANTING AN ECONOMIC DEVELOPMENT AD VALOREM TAX EXEMPTION TO PROJECT TALKING PARENTS, FORT WALTON BEACH, FLORIDA,FOR SPECIFIED IMPROVEMENTS AND ITEMS OF PERSONAL PROPERTY IN OKALOOSA COUNTY, FLORIDA; SPECIFYING THE ITEMS EXEMPTED; PROVIDING THE EXPIRATION DATE OF THE EXEMPTION; FINDING THAT THE PROPOSED BUSINESS MEETS THE EXEMPTION REQUIREMENTS OF CHAPTER 196, FLORIDA STATUTES; PROVIDING AN EFFECTIVE DATE. Copies of the proposed Ordinance may be inspected by the public at the office of Gary Stanford, Deputy Clerk of Circuit Court, at the Okaloosa County Courthouse, Crestview, Florida, and at the Clerk of Circuit Court's office, Okaloosa County Courthouse Annex, Shalimar, Florida. Interested parties may appear at the meeting and be heard with respect to the proposed Ordinance. If a person decides to appeal any decision made with respect to any matter considered at such meeting, such person will need a record of the proceeding and, for such purpose, such person may need to insure that a verbatim record of the proceeding is made, which record includes the testimony and evidence upon which the appeal is to be based. If a written request is made by a physically handicapped person at least 48 hours prior to said meeting, accommodations will be made by the Chairman of the Board for access of said person to the meeting. BOARD OF COUNTY COMMISSIONERS OKALOOSA COUNTY, FLORIDA By: DON W. HOWARD Clerk of Circuit Court TO BE PUB: April 5, 2013 Packet Pg. 17  Exhibit C 5.1.d Packet Pg. 18 Attachment: Exhibit C - Public Notice (1601 : Public Hearing - Tax Exemption Approval Talking Parents)  5.1.e Exhibit D Project Talking Parents Purchases/County Abatements (10-Year Duration) 2014 Tax Start Year Year Tax Amounts - County Only (3.2899 Millage) Attachment: Exhibit D - PA Calculations (1601 : Public Hearing - Tax Exemption Approval Talking Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Total Tangible Personal Property Taxes 1,575 1,450 1,302 1,100 950 811 671 556 490 456 9,360 Real Property Taxes on Building Only 954 954 954 954 954 954 954 954 954 954 9,540 2,529 2,404 2,256 2,054 1,904 1,765 1,625 1,510 1,444 1,410 18,900 Tangible Personal Property Total Cost Estimate Total Asmt Tax Amount Cumulative Tax Amounts 527,714 Per Year Per Year Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 2014 Taxable Value (100% of Asmt) 478,088 5,252 5,252 2015 Taxable Value (100% of Asmt) 439,608 4,829 10,082 2016 Taxable Value (100% of Asmt) 394,981 4,339 14,421 2017 Taxable Value (100% of Asmt) 333,709 3,666 18,087 2018 Taxable Value (100% of Asmt) 288,141 3,165 21,253 2019 Taxable Value (100% of Asmt) 246,204 2,705 23,957 2020 Taxable Value (100% of Asmt) 203,579 2,236 26,194 2021 Taxable Value (100% of Asmt) 168,675 1,853 28,047 2022 Taxable Value (100% of Asmt) 148,676 1,633 29,680 2023 Taxable Value (100% of Asmt) 138,258 1,519 31,199 2014 Taxable Value (70% of Asmt) 334,662 3,677 3,677 2015 Taxable Value (70% of Asmt) 307,726 3,381 7,057 2016 Taxable Value (70% of Asmt) 276,487 3,037 10,095 2017 Taxable Value (70% of Asmt) 233,596 2,566 12,661 2018 Taxable Value (70% of Asmt) 201,699 2,216 14,877 2019 Taxable Value (70% of Asmt) 172,343 1,893 16,770 2020 Taxable Value (70% of Asmt) 142,505 1,566 18,336 2021 Taxable Value (70% of Asmt) 118,073 1,297 19,633 2022 Taxable Value (70% of Asmt) 104,073 1,143 20,776 2023 Taxable Value (70% of Asmt) 96,781 1,063