Industrial Development Authority

About the IDA

The Marion County Industrial Development Authority (IDA) was created on November 16, 1971 by an act of the Marion County Board of County Commissioners. The IDA consists of a 7-member board appointed by the Board of County Commissioners.

The primary purpose of the IDA is to issue tax-exempt bond financing for manufacturing facilities within the county. The IDA can also issue bonds for certain exempt facilities such as water & sewer projects, solid waste and hazardous waste facilities as well as bonds for tax-exempt 501 (C)(3) non-profit organizations. By utilizing the tax-exempt financing, the end user receives a lower interest rate and therefore has a more economically viable project.

The IDA is instrumental in attracting new manufacturing businesses to Marion County and expanding existing facilities. Over the past 40 years, the IDA has played a key role in the growth of the community.

Statutes

The Marion County IDA was created under the Florida Industrial Development Financing Act, Chapter 159, Part II, Florida Statutes, and to act in any manner that an industrial development authority created pursuant to Florida Statutes Section 159.45 may act. Under Section 159.46 of Florida Statutes, industrial development authorities are created for the purpose of financing and refinancing projects for the public purposes described in the act and by Sections 159.44 to 159.53, Florida Statutes, for the purpose of fostering the economic development of a county.

Meetings

The IDA meets on an as needed basis in the CEP Board Room, 310 SE 3rd Street, Ocala. The Annual Meeting is held in December of each year.

Agenda-December 5, 2016

Members


James "Adam" Woods, Chairman

910 SW 1st Ave

Ocala, FL 34471

Email

(term expires 08/2020)

Dave Harden, Secretary

3288 SW 74th Ave, Suite 102

Ocala, FL 34474

Email

(term expires 12/2019)

Curt Bromund

1121 SW 1st Ave

Ocala, FL 34471

Email

(term expires 11/2020)

Susan Crabb, CPA

112 E. Fort King Street

Ocala, FL 34471

Email

(term expires 11/2020)

Roy Hilgenfeldt, Vice Chairman

2908 SE 22nd Ave

Ocala, FL 34471

Email

(term expires 08/2018)

Robert McKinley

PO Box 1505

Belleview, FL 34421

Email

(term expires 04/2018)

Vacant

 

 

Fees

IDB Fee Schedule

Annual Financial Report

As a dependent special district, the IDA files an Annual Financial Report with the State of Florida. This report can be viewed through the following link.

Contact

Kevin T. Sheilley
Registered Agent
352.629.8051
 
Louisa Barton
Assistant Secretary
352.629.8051