SUBJECT
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SET PUBLIC HEARING to consider adoption of an ordinance granting an Economic Development Ad Valorem Tax Exemption for Project Cumulus, a New Business. (Suggested hearing date is November 4, 2025 at 9:00 a.m.)
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DESCRIPTION
Polk County has received and processed an application from a qualified new business, referred to herein as Project Cumulus, requesting an economic development ad valorem tax exemption, pursuant to Ordinance 2022-069. Before such an exemption may be granted, the Board must adopt an exemption ordinance, and the applicant/business is required to enter into a performance agreement with the County. A public hearing is required to consider adoption of the exemption ordinance, at which time the Board will also be asked to approve and execute the performance agreement.
RECOMMENDATION
Set a public hearing on November 4, 2025 at 9:00 a.m. for purposes of considering adoption of an ordinance granting an economic development ad valorem tax exemption to a new business and approving a performance agreement with the company.
FISCAL IMPACT
No fiscal impact will be realized by setting the hearing.
CONTACT INFORMATION
Sandra Howard, Deputy County Attorney
(863) 534-6437