Title
Consideration of Holding A Referendum to Renew the County Economic Development Ad Valorem Tax Exemption (Tax Abatement) Program
Recommended Action
Staff and the EDC recommends that the Board of County Commissioners move forward with a referendum requesting that the Tax Abatement program be renewed for another ten years. Staff also recommends that the Board direct the County Attorney’s Office to draft an ordinance that a) includes ballot language for a voter referendum in November 2020 to renew the Tax Abatement Program for another ten years; and b) modifies Title XI of the Indian River County Code of Ordinances to extend the Tax Abatement Program should it be renewed for another 10 years.