1. Economic Development Ad Valorem Tax Exemption Ordinance Presentation to the Orange County Board of County Commissioners February 7, 2012

2. Overview January 31, 2012 Referendum passed Program To Promote Job Creation Qualified New and Expanding Businesses Exemption Up To 10 Years and Up To 100% Each Project Requires BCC Approval Economic Development Ad Valorem Tax Exemption Ordinance

3. Next Steps Staff Will Bring Enabling Ordinance Before BCC on 2/21/12 Guidelines, Including Qualifying Criteria for Exemption Levels, Presented Administrative Regulation Economic Development Ad Valorem Tax Exemption Ordinance

4. Next Steps Continued Finalize Application and Reporting Documents Develop Verification Process Educate Economic Development Partners Communication Plan Economic Development Ad Valorem Tax Exemption Ordinance

5. Process Application Filed by Company Internal Review by Orange County Staff Submit to Property Appraisers Office for Report Schedule Public Hearing If passed by BCC, Enter Into Agreement With Company Economic Development Ad Valorem Tax Exemption Ordinance

6. Questions Economic Development Ad Valorem Tax Exemption Ordinance

7. Economic Development Ad Valorem Tax Exemption Ordinance Presentation to the Orange County Board of County Commissioners February 7, 2012