§ 42-148. Plan for tourist development.

(a)

Anticipated revenue. The tourist development tax shall be levied at a rate of five percent of each dollar at the total consideration charged for leases and rentals subject to the tax. The anticipated net tourist development tax revenue to be derived by St. Lucie County for the 24 months following the initial levy of the two cent tax is $624,000.00, less costs of administration as retained by the Florida Department of Revenue.

(b)

Boundaries for tax district. The district in which the tourist development tax is levied shall include the entirety of St. Lucie County.

(c)

Proposed uses of revenue of the two percent tax. The proposed uses of the tourist development tax revenue from the two percent tourist development tax in the order of priority, are first, to provide a sports stadium and related facilities in St. Lucie County, and second, to promote and advertise tourism in St. Lucie County.

(d)

Expense allocation for two percent tax. The tourist development tax revenue from the two percent tourist development tax shall be allocated to providing a sports stadium and related facilities in St. Lucie County.

(e)

Proposed uses of revenue for the first additional one percent tax imposed by Ordinance No. 87-82 effective January 1, 1988. The proposed uses of the tourist development tax revenue for the first additional one percent tourist development tax imposed by Ordinance No. 87-82 are to promote and advertise tourism in St. Lucie County.

(f)

Expenses allocation for the first additional one percent tax imposed by Ordinance No. 87-82 shall be allocated to promoting and advertising tourism in St. Lucie County.

(g)

Proposed uses of revenue for the second additional one percent tax imposed by Ordinance No. 02-36, effective February 1, 2003 as extended by Ordinance Nos. 11-028, 16-018 and 17-001. The proposed uses of the tourist development tax revenue for the second additional one percent tourist development tax imposed by Ordinance No. 02-36 as extended by Ordinance Nos. 11-028, 16-018 and 17-001 shall be allocated to pay debt service on bonds issued to finance the construction, reconstruction or renovation of the St. Lucie County Sports Complex and to promote and advertise tourism in St. Lucie County and the State of Florida.

(h)

Expense allocation for the second additional one percent tax imposed by Ordinance No. 02-36, effective February 1, 2003 as extended by Ordinance Nos. 11-028, 16-018 and 17-001. The tourist development tax revenue from the second additional one percent tourist development tax imposed by Ordinance No. 02-36 as extended by Ordinance Nos. 11-028, 16-018 and 17-001 shall be allocated to pay debt service on bonds issued to finance the construction, reconstruction and renovation of the St. Lucie County Sports Complex and to promote and advertise tourism in St. Lucie County and the State of Florida.

(i)

Proposed uses of revenues for the third additional one percent tax imposed by Ordinance No. 03-12 as extended by Ordinance Nos. 11-028, 16-018 and 17-001. The proposed uses of the tourist development tax revenue for the third additional one percent tourist development tax imposed by Ordinance No. 03-12 as extended by Ordinance Nos. 11-028, 16-018 and 17-001 are to pay debt service on bonds issued to finance the construction, reconstruction or renovation of the St. Lucie County Sports Complex and to promote and advertise tourism in St. Lucie County and the State of Florida.

(j)

Expense allocation for the third additional one percent tax imposed by Ordinance No. 03-12 as extended by Ordinance Nos. 11-028, 16-018 and 17-001 . Sixty-seven percent of the tourist development tax revenue from the third additional one percent tax shall be allocated to pay debt service on bonds issued to finance the construction, reconstruction or renovation of the St. Lucie County Sports Complex. The remaining thirty-three percent of the tourist development tax revenue from the third additional one percent tax shall only be allocated for capital facilities that promote tourism located in the St. Lucie County Fairgrounds and the area north of Midway Road. Since the imposition of the third additional one percent tax requires approval of a majority plus one of the membership of the board of county commissioners, the language concerning the expense allocation set out in this subparagraph shall not be modified except upon approval by a majority plus one of the membership of the board of county commissioners.

(Code 1982, § 1-19.3-31; Ord. No. 84-11, pt. A, 7-3-1984; Ord. No. 87-82, pt. A, 11-17-1987; Ord. No. 91-02, pt. A, 1-15-1991; Ord. No. 97-14, pt. A, 6-17-1997; Ord. No. 02-36, pt. A, 12-17-2002; Ord. No. 03-12, pt. A, 1-28-2003; Ord. No. 11-028, pt. A, 9-27-2011; Ord. No. 16-018 , pt. A, 11-15-2016; Ord. No. 17-001 , pt. A, 1-24-2017)