13-1389 Amending Chapter 78 to Create Article VI - Tax Abatement Program

Home Browse Search

City. The City of Casselberrv, Florida. City Commission. The elected Commissioners for the City of Casselberrv, Florida. Community Redevelopment Area. The agency with jurisdiction over an area designated as a community redevelopment area pursuant to Part III, Chapter 163, Florida Statutes. County. Seminole County, Florida. Enterprise Zone. An area designated as an enterprise zone pursuant to Section 290.0065. Florida Statutes. Exemption or Economic Development Ad Valorem Tax Exemption. An ad valorem tax exemption granted by the City Commission in its sole and absolute discretion to a Oualifled Business pursuant to this Ordinance as authorized by Article VII, Section 3 of the Constitution of the State of Florida and Section 196.1995 Florida Statutes. Exemption Criteria. The criteria to be applied by the City Commission in making its determination as to whether to grant an Exemption. Expansion of an Existing Business. As defined in Section 196.012(16), Florida Statutes. specifically: A. A business or organization establishing ten (10) or more new jobs to employ ten (10) or more full -time employees in the City, paving an average wage for such new jobs that is above the average wage in the City which: 1. Principally manufactures, processes, compounds, fabricates, or produces for sale items of tangible personal property at a fixed location and which comprises an industrial or manufacturing plant: or 2. Is a Target Industry Business. B. A business or organization establishing twenty -five (25) or more jobs to employ twenty -five (25) or more full -time employees in the City, the sales factor of which, for the facility with respect to which it requests an Exemption, is less than 0.50 for each year the Exemption is claimed: provided that such business increases operations on a site collocated with a commercial or industrial operation owned by the same business. or organization under common control with the same business or organization, resulting in a net increase in employment of not less than 10 percent or an increase in productive output of not less than 10 percent. C. Any business or organization located in an Enterprise Zone or Brownfield Area that increases operations on a site located within the same zone or area collocated with a commercial or industrial operation owned by the same business or organization. Implementing Ordinance. An ordinance enacted pursuant to Section 78 -95 hereof for the purpose of granting an Exemption. Improvements. Physical changes made to raw land and structures placed on or under the land surface, including all Tangible Personal Property acquired to facilitate an Expansion of an Existing Business, provided that the Tangible Personal Property is added or increased on or after the day an ordinance specifically granting a Business an Exemption is adopted. Tangible Personal Ordinance 13 -1389 Page 3