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i <br /> i <br /> (A) The documentation provided under subsection(c)(3) encompasses at least five <br /> years and remains in effect; and <br /> (B) Documentation of annual sales or donations of food totaling a minimum of <br /> $1,000 are provided to the director at the time of renewal. Sales or donations <br /> must be generated from the assessed property. Annual sales shall be <br /> documented through excise tax receipts. Donations of food must be to a <br /> nonprofit 501(c)(3) organization. <br /> (d) Deferred or rollback tax. <br /> (1) A deferred or rollback tax shall be imposed on the owner of the agricultural land upon <br /> any of the following events: <br /> (A) The owner fails to observe any restriction, condition, or provision on the use of <br /> the land; <br /> (B) The property is converted to a County zoned district other than agricultural, <br /> residential and agricultural, family agricultural, intensive agricultural, <br /> agricultural project district as a result of a petition by the owner or lessee; <br /> (C) The property is subdivided into parcels of less than five acres in size; or <br /> (D) A condominium property regime is declared for the property resulting in <br /> condominium units with areas less than five acres in size. <br /> (2) The deferred tax shall commence from the date the conversion was made retroactive <br /> to the date the agricultural use assessment was approved, but for not more than a <br /> period of two years plus the current year. <br /> (3) The amount of deferred taxes shall be based on the difference between the assessed <br /> market value at highest and best use and the assessed agricultural use value of the <br /> land at the tax rate applicable for the respective years, with a ten percent penalty." <br /> SECTION 7. Material to be repealed is bracketed and stricken. New material is <br /> underscored. In printing this ordinance, the brackets, bracketed and stricken material, and <br /> underscoring need not be included. <br /> SECTION 8. Severability. If any provision of this ordinance, or the application thereof to <br /> any taxpayer or circumstance, is held invalid, the invalidity does not affect other provisions or <br /> applications of the ordinance which can be given effect without the invalid provision or <br /> application, and to this end the provisions of this ordinance are severable. <br /> 4 <br />