File #: 21-0349    Version:
Type: Public Hearing Status: Agenda Ready
File created: 3/17/2021 In control: Board of County Commissioners
On agenda: 3/30/2021 Final action: 3/30/2021
Title: Consideration of Diamond Drinks of Florida, Inc’s Request For an Economic Development Ad Valorem Tax Exemption (Tax Abatement) [Legislative]
Indexes: Economic Development, Tax Exempt
Code sections: Title XI - Chapter 1100
Attachments: 1. Staff Report, 2. Chapter 1100 Tax Abatement Ordinance, 3. Tax Abatement Application, 4. ED Element - Policy 2.5, 5. Scoring Guidelines, 6. Scoring and Estimated Taxes Abated, 7. COC Economic Impact Report, 8. Property Appraisers Report, 9. Tax Exemption Ordinance, 10. Tax Exemption Agreement

Title

Consideration of Diamond Drinks of Florida, Inc’s Request For an Economic Development Ad Valorem Tax Exemption (Tax Abatement) [Legislative]

Recommended Action

Staff and the Economic Development Council (by consensus) recommend that the Board of County Commissioners approve the tax abatement application and: 1.  Find that the Diamond Drinks of Florida, Inc. facility qualifies as a “New Business” under the tax abatement ordinance; and 2.  Find that the application scores in the 2nd tax abatement award category (out of 3 categories) under the adopted scoring guidelines; and 3.  Grant a tax abatement using the schedule for up to the 2nd highest award category, with up to the 8 year abatement period to begin in 2022 (a lower award category may be applied if company’s performance results in it meeting lower average wage and/or lower # of provided jobs); and 4.  Approve the attached ordinance granting an economic development ad valorem tax exemption to Diamond Drinks of Florida, Inc.; and 5.  Authorize the chairman to execute the Economic Development Tax Exemption Agreement for Diamond Drinks of Florida, Inc.