§ 49-104. Adoption of the economic development plan.
Latest version.
The primary purpose of the Interchange Activity Center No. 9 Innovation Zone is to
attract and retain qualified targeted industry business as defined by F.S. § 288.106.
Trust funds may be utilized in any lawful manner, including infrastructure required
to serve new target businesses or the expansion of an existing target business; payment
of County Impact Fees to be paid by the new target business or the expansion of an
existing target business; and payment of building permit fees or other County fees
related to the construction of structures to serve the target business. In addition
to this primary purpose, trust funds may be utilized in any lawful manner which the
Board of County Commissioners determines fosters economic development. Payment of
funds are purely discretionary, and must be approved in advance by the Board of County
Commissioners. All expenses must be fully documented in a manner acceptable to the
County. Priority of funding will be for the development within the Interchange Activity
Center No. 9 Innovation Zone, as graphically represented by Exhibit A.
(Ord. No. 2018-39, § 5)
Exhibit A
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