SUBJECT
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SET HEARING to consider adoption of an ordinance repealing Ordinance 22-054, the Economic Development Ad Valorem Tax Exemption for Lineage Logistics Services, LLC. (Suggested hearing date is May 6, 2025 at 9:00 a.m.)
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DESCRIPTION
On July 19, 2022, the Board adopted Ordinance No. 22-054 establishing an exemption from certain ad valorem taxation for a new business, Lineage Logistics Services, LLC (the “Company”).
By letter dated March 6, 2025, the Company notified the County that, due to current market conditions and customer demand, the Company would not be moving forward with building a new facility in Lake Alfred at previously planned. The County has notified the Property Appraiser and may now exercise its right to revoke the exemption previously granted for Lineage Logistics Services, LLC. A public hearing is required to consider adoption of an ordinance repealing Ordinance 22-054
RECOMMENDATION
Set a public hearing on May 6, 2025 at 9:00 a.m. for purposes of considering adoption of an ordinance repealing Ordinance 22-054, the Economic Development Ad Valorem Tax Exemption for Lineage Logistics Services, LLC.
FISCAL IMPACT
No fiscal impact will be realized by setting the hearing.
CONTACT INFORMATION
Sandra Howard, Deputy County Attorney
(863) 534-6437