§ 25-115. Findings of fact; declaration of intent.

(a)

It is a recognized function of local government to promote economic development within its jurisdiction by providing financial incentives that will encourage new businesses to relocate within its jurisdiction and existing businesses to expand, thereby creating employment opportunities that will benefit the entire community.

(b)

The current economic climate has resulted in a high unemployment rate in Orange County, impacting the quality of life for the citizens of Orange County and the sustainability of local businesses.

(c)

The board determines that the granting of economic development ad valorem tax exemptions to new businesses locating in Orange County and to existing businesses expanding in Orange County that meet the guidelines provided in this division will promote and strengthen the local economy, will enhance the health and welfare of the citizens of Orange County, and is in the best interests of the county and serves both a county and a public purpose.

(d)

The board desires to provide incentives to businesses of diverse industries having a positive impact on the local economy through the creation of greater employment opportunities in Orange County. The board declares that the provision of ad valorem tax exemptions pursuant to this division serves the public purpose of fostering economic growth in Orange County, to the benefit of Orange County's residents and business owners.

(e)

The granting of or denial of exemptions should be conducted on a rational, nonarbitrary and nondiscriminatory basis by the board in furtherance of the economic development goals of Orange County. Exemptions shall be granted for the purpose of creating new jobs in and economic benefit to the county. To this end, prior to any grant of an exemption, the board shall consider the factors set forth in this division. Applications for exemptions will be considered on a case-by-case basis in determining whether sufficient economic benefits are presented.

(f)

This division shall expire on January 31, 2022.

(Ord. No. 2012-05 , § 3, 2-21-12)