[Ord. of 11-10-1997(2)]
The City finds that the development of the tax base of the City
and the improvement of economic conditions in the City require the
establishment of one or more technology zones in the City pursuant
to Code of Virginia, § 58.1-3850, within which certain incentives
are offered to qualifying businesses to encourage them to locate in
the City.
[Ord. of 11-10-1997(2)]
The administrator of City technology zones shall be the City
Manager or his designee. The administrator shall promulgate and publish
procedures for the administration of this chapter and procedures for
qualifying businesses to obtain the benefits offered by this chapter.
Applications for the benefits set forth in this chapter shall be made
prior to commencement of business as a qualified technology business.
[Ord. of 11-10-1997(2)]
For the purpose of this chapter the following words and phrases
shall have the following meanings:
The term qualifying technology business shall mean any of the
following businesses:
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Electronic computer manufacturers
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Computer storage device manufacturers
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Computer terminal manufacturers
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Calculator and accounting machine manufacturers
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Office machine manufacturers
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Semiconductor and related device manufacturers
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Communication equipment manufacturers
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Electronic and other electrical equipment manufacturers
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Telecommunication businesses providing direct sales, services
and/or leasing to customers
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Manufacturers that process unfinished materials through numerically
controlled or computer numerically controlled machinery to produce
plastic, paper, metal or rubber products or other finished products
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In no case shall the use of computers or telecommunication devices
or services by a business in its internal operations qualify a business
as a qualifying technology business.
In addition, to qualify, a business must have at startup a minimum
of 20 full-time employees and an investment of $250,000. The investment
may be established by combining the value of land, improvements, machinery,
tools, motor vehicles and other equipment.
[Ord. of 11-10-1997(2); amended by Ord. of 3-26-2001]
There are hereby established technology zones on the following
properties:
(1)
That 250.96-acre parcel of land located on the west side of Pretlow
Street located in the City of Franklin and known as the "Pretlow Industrial
Park," as shown on plat entitled "Plat Showing Subdivision of Property
for the City of Franklin, Virginia, Scale One Inch Equals 400 Feet,
February 21, 1996," of record in the Clerk's office of the Circuit
Court of Southampton County, Virginia, in Plat Book 21, Page 73.
(2)
That 16.76-acre parcel of land located at the southwest intersection
of Armory Drive and College Drive known as "Tax Parcel No. 121-(058),
Block A, Lot A-4."
