Subject:
Title
Ordinance rescinding the Economic Development Ad Valorem Tax Exemption for Dark Storm Industries, LLC.
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Fiscal Impact:
N/A
Dept/Office:
County Manager
Requested Action:
Recommendation
It is recommended that the Board of County Commissioners consider adopting an Ordinance rescinding the Economic Development Ad Valorem Tax Exemption for Dark Storm Industries, LLC.
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Summary Explanation and Background:
On April 20, 2021, the Board of County Commissioners granted Dark Storm Industries, LLC, an ad valorem tax exemption for a period of 10 years and 100 percent on real and tangible property added to the County’s assessment roll. In order to remain eligible for the County’s Ad Valorem Tax Exemption Program, Dark Storm Industries, LLC, would need to maintain their eligibility as set forth in Ordinance 2021-10.
The economic ad valorem tax exemption was granted for the piece of property purchased from Brevard County in Enterprise Park, more specifically a parcel of land lying in Section 4, Township 23 South, Range 35 East and being part of parcel “D” as shown on the plat of Enterprise Park as recorded in plat book 32, page 74 of public records of Brevard County, Florida. On November 14, 2023, the County approved purchasing this piece of property back from Dark Storm Industries, LLC.
A certified letter has been sent to Dark Storm Industries, LLC, notifying them that the Board of County Commissioners would consider rescinding their Ordinance based upon Dark Storm Industries, LLC, not undertaking the new business at the location in Enterprise Park as designated in Section 1 (f) of Ordinance 2021-10.
Clerk to the Board Instructions:
Copies of the executed Ordinance should be provided to the County Manager’s Office, the County Attorney’s Office, and the EDC of Florida Space Coast at 6525 3rd Street, Suite 304, Rockledge, Florida 32955.