§ 25-121. Continuing performance.

(a)

Change in ownership.

(1)

The business granted an exemption shall be required to inform the board in writing within ten (10) days as to any changes in ownership of the business granted an exemption. Moreover, the transferee business shall continue to comply with all exemption requirements and shall assume in writing all of the obligations of the transferor business provided for in the agreement required pursuant to this division.

(2)

Failure of the business granted an exemption to notify the board of any such changes in ownership is cause for revocation of the exemption by adoption of an ordinance repealing the exemption ordinance, at the board's discretion.

(b)

Annual filings. The ability to receive an exemption for the period granted shall be conditioned upon the applicant's ability to maintain the qualified business throughout the entire period. The applicant shall be required to submit an annual renewal statement and an annual report to the administrator on or before March 1 of each year for which the exemption was granted. The applicant shall also timely comply with all filing required pursuant to F.S. § 196.011.

(1)

The annual renewal statement shall certify that the information provided in the original application has not changed.

(2)

The annual report shall provide a report on the status of the business, evidencing satisfaction of the business maintenance and continued performance conditions set forth in the application. The report shall be prepared in substantially the form approved by the administrator and the property appraiser and shall contain such information as the administrator and property appraiser may reasonably deem necessary for the purpose of determining continuing performance by the business of the conditions provided for in this division, the ordinance specifically granting the business an exemption and the representations made in the application.

(Ord. No. 2012-05 , § 9, 2-21-12)