Common Contracts
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PROJECT AVALANCHE) BETWEENAgreement • March 16th, 2020
ALL PROPERTY LOCATED IN THIS JOINT COUNTY INDUSTRIAL/BUSINESS PARK IS EXEMPT FROM AD VALOREM TAXES AND IS SUBJECT INSTEAD, UNDER THE TERMS OF THE STATE CONSTITUTION, TO A FEE-IN-LIEU OF AD VALOREM TAXES EQUAL TO WHAT THE TAXES WOULD HAVE BEEN. HOWEVER, THE FEE-IN-LIEU PAYMENTS MAY BE BELOW NORMAL AD VALOREM TAX RATES IF THE PROPERTY IS SUBJECT TO A NEGOTIATED FEE- IN-LIEU OF TAXES ARRANGEMENT. WHEN PREPARING THE FEE BILLS FOR ALL PROPERTY LOCATED IN THIS PARK, PLEASE REFERENCE THE FILOT RECORDS TO ENSURE THE CORRECT MILLAGE RATE AND ASSESSMENT RATIO ARE USED.
