This chapter shall be known and may be cited as the "Galax Enterprise
Zone Ordinance."
In accordance with Title 59.1, Chapter 22, § 59.1-270 et seq.,
1950 Code of Virginia, as amended, and the resultant declaration of the Governor
of the Commonwealth of Virginia designating a portion of the City of Galax
as an Enterprise Zone, it is the purpose of this chapter to stimulate business
and industrial growth within the area designated as the Galax Enterprise Zone
by means of tax incentives, tax credits, fee waivers, governmental programs
and other initiatives established to promote such growth.
The boundaries of the Galax Enterprise Zone are as follows: Beginning
at the intersection of Jefferson and U. S. Route 58 — 221,
continue eastwardly along the center line of U. S. Route 58 to the intersection
of U. S. Route 58 and Grant Street; thence eastwardly along the center line
of Grant Street until the intersection of Grant Street and Givens Street;
thence southwardly along the center line of Givens Street until the intersection
of Givens Street and Shaw Street; thence eastwardly along the center line
of Shaw Street until the intersection of Shaw street and Barger Street; thence
southwardly along the center line of Barger Street until the intersection
of Barger Street and Mary Street; thence westwardly along the center line
of Mary Street until the intersection of Mary Street and Givens Street; thence
southwardly along the center line of Givens Street until the intersection
of Givens Street and Poplar Knob Road; thence eastwardly along the center
line of Poplar Knob Road until the intersection of Poplar Knob Road and Oak
Street; thence southwardly along the center line of Oak Street until the intersection
of Oak Street and Brickyard Road; thence westwardly along the center line
of Brickyard Road until the intersection of Brickyard Road and Lineberry Road;
thence southwardly along the center line of Lineberry Road until the intersection
of Lineberry Road and Main Street; thence northwardly along the center line
of Main Street until the intersection of Main Street and Calhoun Street; thence
westwardly along the center line of Calhoun Street until the intersection
of Calhoun Street and Monroe Street; thence northwardly along the center line
of Monroe Street until the intersection of Monroe Street and Webster Street;
thence eastwardly along the center line of Webster Street until the intersection
of Webster Street and Jefferson Street; thence northwardly along the center
line of Jefferson Street until the intersection of Jefferson Street and U.
S. Route 58 — 221, the beginning point. See enclosed map of
zone.
Any business firm located or locating within the designated Enterprise
Zone shall be deemed eligible for a waiver of all building permit fees for
both new construction and renovation. A permit is still needed and BOCA Code
compliance required, but no fee will be charged.
Any new business or industry locating in the zone is eligible for a
waiver of 1/2 of all costs associated with the connection of said business
or industry to municipal water- and sewer lines.