File #: 17-0172    Version: 1
Type: Consent Staff Report Status: Agenda Ready
File created: 2/13/2017 In control: Board of County Commissioners
On agenda: 2/21/2017 Final action: 2/21/2017
Title: Review of INEOS New Planet BioEnergy LLC’s Ad Valorem Tax Exemption
Indexes: Economic Development
Code sections: Title XI - Chapter 1100
Attachments: 1. Staff Report, 2. Approved Minutes from December 20, 2011 Board Meeting, 3. INEOS Tax Exemption Ordinance 2011-011, 4. INEOS Tax Exemption Agreement, 5. Excerpts from Chapter 1100, 6. INEOS Compliance with Tax Exemption Representations, 7. Scoring Guidelines, 8. E-mail Correspondence from INEOS

Title

Review of INEOS New Planet BioEnergy LLC’s Ad Valorem Tax Exemption

Recommended Action

Staff recommends that the Board of County Commissioners:  1. Find that INEOS New Planet BioEnergy LLC was in compliance with its Economic Development Ad Valorem Tax Exemption requirements for tax year 2016; and  2. Suspend the plant facility tax abatement exemption for 2017 and retain the option for future Board action to re-start the tax exemption in subsequent years for a qualifying plant owner/operator.