SUBJECT
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SET HEARING to consider adoption of an ordinance amending Ordinance 21-006, the Economic Development Ad Valorem Tax Exemption for Agro-Iron, LLC. (Suggested hearing date is May 5, 2026 at 9:00 a.m.).
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DESCRIPTION
On January 19, 2021, the Board adopted Ordinance No. 21-006 establishing an exemption from certain ad valorem taxation for an expanding business, Agro-Iron, LLC, in Polk County. The County and the company also entered into a related Ad Valorem Tax Exemption Performance Agreement on the same date to ensure the company’s fulfillment of its obligations under the Ordinance. The Exemption Period, as defined in both the Ordinance and the Performance Agreement, was to run for seven (7) years, from Tax Year 2026 through Tax Year 2032.
Due to unforeseen delays caused by significant change in Florida’s citrus industry, Agro-Iron, LLC has requested that its Exemption Period be delayed by two (2) years, to commence in Tax Year 2028 and run through Tax Year 2034. A public hearing is required to consider adoption of an ordinance amending Ordinance 21-006 and the related Performance Agreement.
RECOMMENDATION
Set a public hearing on May 5, 2026 at 9:00 A.M. for purposes of considering adoption of an ordinance amending Ordinance 21-006, the Economic Development Ad Valorem Tax Exemption for Agro-Iron, LLC. and amending the related performance agreement between the parties.
FISCAL IMPACT
None.
CONTACT INFORMATION
Sandra Howard, Deputy County Attorney
863-534-6437