AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
Stafford county venture business park presentation
1. Stafford County, Virginia
and
R Income Properties, LLC
are pleased to present
Venture Business Park
A high quality, developing office park
56.0 acres of flat land
B-2 zoning
Infrastructure accommodates the needs of corporate
offices, data centers, and other high technology uses
College campuses nearby
Easy access to U.S. Route 1, Interstate 95, and
airports with national and international connections
2. Contents
Site Location ......................................................................................................................................3
General Site Information ....................................................................................................................4
Site Name and Address ............................................................................................................................. 4
Site Owner Information ............................................................................................................................ 4
Asking Sale Price ....................................................................................................................................... 4
Site Attributes ........................................................................................................................................... 4
Utilities ...................................................................................................................................................... 5
Taxes ......................................................................................................................................................... 5
Transportation .......................................................................................................................................... 6
Educational Sources .................................................................................................................................. 6
Incentives .................................................................................................................................................. 7
General Site Information Contact ............................................................................................................. 7
Infrastructure ....................................................................................................................................8
Electrical .................................................................................................................................................... 8
Fiber .......................................................................................................................................................... 9
Water and Sewer .................................................................................................................................... 10
Water Quality Report .......................................................................................................................... 13
Stafford County Regional Airport ...................................................................................................... 16
Takeoff and Landing Patterns ................................................................................................................. 20
Meteorological ................................................................................................................................ 22
Earthquake .............................................................................................................................................. 22
Earthquake History, Eastern United States......................................................................................... 22
Earthquake History, Virginia (1973-Present) ...................................................................................... 23
Top Earthquake States ........................................................................................................................ 24
Hurricane ................................................................................................................................................ 25
Hurricane Strikes in the Eastern United States (1900-2010) .............................................................. 25
Tornado ................................................................................................................................................... 26
Tornadoes in United States (1991-2010) ............................................................................................ 26
How Virginia Compares .................................................................................................................... 27
Comparison of Counties ................................................................................................................... 30
Incentives ........................................................................................................................................ 31
Data Center Sales Tax Exemption ..................................................................................................... 58
Technology Zone Ordinance ............................................................................................................. 62
By Right Use Ordinance .................................................................................................................... 67
Page 2 of 70
4. General Site Information
Site Name and Address
Site Name:
Venture Business Park
Site address 1:
Bradburn Place and Wyche Road
Site address 2:
City:
County:
Stafford
State and Zip Code:
VA, 22554
Site Owner Information
Name:
R Income Properties, LLC/ Kendall Bennett/ Landmark Comm. R.E.
Address 1:
Address 2:
City:
1856 Old Reston Av.
Suite 301
Reston
County:
State and Zip Code:
VA, 20190
Telephone:
(703) 437-1440
Email Address:
kbennett@landmarkcre.com
Asking Sale Price
Asking sale price:
$15,855,840
Site Attributes
Site is a:
Site topography:
Soil type (s):
Lot size (in acres):
Zoning classification:
Green field
Flat
Sandy loam
56.0 acres
B-2
All permissible uses:
Location relative to flood
zone:
Outside a 500- year flood plane
Page 4 of 70
5. Utilities
Fiber providers serving this
site (list all):
Verizon
Nearest fiber to the site:
Verizon
What is the distance of this Adjacent to site
fiber from the site?
Power provider name:
Power provider
representative contact
information:
Dominion Virginia Power
Kent Hill
Phone number: (804) 771-4987
Email address: kent.hill@dom.com
Power rate for heavy
industrial user:
5.37 cents/kwh
Power capacity at site:
~10MW*
*Significant capacity available at site with transmission line
extension. Please note that available capacity is subject to
change. Contact the Dominion representative for the most
current information.
Water provider name:
Stafford Department of Utilities
Water Quality Report:
Follows in document.
Water provider
representative contact
information:
Harry L. Critzer, Director
Phone number: (540) 658-8630
Email address: hcritzer@co.stafford.va.us
10 inches
400 GPM
Size of main serving site:
Sewer provider name:
Stafford Department of Utilities
Sewer provider
representative contact
information:
Harry L. Critzer, Director
Phone number: (540) 658-8630
Email address: hcritzer@co.stafford.va.us
Permitted sewer capacity:
97,920 GPD
Taxes
Real Estate Tax:
$1.07/ $100
Personal Property Tax:
BPOL Tax:
Does the BPOL Tax apply
to data centers?
Other taxes and rate of
tax:
$5.49/$100
No BPOL Tax
N/A
N/A
Page 5 of 70
6. Transportation
Nearest road (name and/or
number):
Distance from site:
Nearest interstate:
Distance from site:
Nearest airport
(commercial and general
aviation):
Distance from site:
Nearest railroad:
Distance from site:
Jefferson Davis Highway, US 1
2.0 miles
I-95
0.0 miles
Stafford Regional, Reagan National
10.0/ 35.0 miles
N/A
N/A
Educational Sources
Colleges, universities, and
trade schools within fifty
(50) miles of the site:
George Mason University - Fairfax Campus 27,740
Northern Virginia Community College - Annandale Campus 20,708
Northern Virginia Community College - Woodbridge Campus 9,701
Northern Virginia Community College - Manassas Campus 6,641
Germanna Community College - Fredericksburg Campus 6,213
University of Mary Washington - Fredericksburg Campus 5,170
Northern Virginia Community College – Med. Education Campus 2,655
Germanna Community College - Locust Grove Campus 2,518
Lord Fairfax Community College - Fauquier Campus 2,265
George Mason University - Prince William Campus 2,213
University of Mary Washington - Stafford Campus 929
Germanna Community College - Daniel Technology Center
Germanna Community College - Stafford County Center
ECPI University - Northern Virginia Campus
ITT Technical Institute - Springfield Campus
Stafford Technology and Research Center
Stratford University - Woodbridge Campus
Strayer University - Fredericksburg Campus
Strayer University - Manassas Campus
Strayer University - Woodbridge Campus
University of Maryland – Stafford Campus
University of Northern Virginia - Annandale Campus
University of Northern Virginia - Centreville Campus
University of Northern Virginia - Manassas Campus †
Page 6 of 70
7. Incentives
Potential state statutory
and discretionary
incentives:
Potential local statutory
and discretionary
incentives:
Is this site in an enterprise
zone?
Is this site in a hub zone?
Follow in document.
Follow in document.
No
No
Is this site in a technology
zone?
Yes
Identify and define distress
factor.
None
General Site Information Contact
Contact information of
person completing this
form:
Bethany Miller
Phone number: (540) 658-4580
Email address: bmiller@staffordcountyva.gov
Page 7 of 70
24. Top Earthquake States
1. Alaska 1
2. California
3. Hawaii 2
4. Nevada
5. Washington
6. Idaho
7. Wyoming
8. Montana
9. Utah
10. Oregon
Virginia is not listed in the top ten states with earthquake activity.
Page 24 of 70
25. Hurricane
Hurricane Strikes in the Eastern United States (1900-2010)
Based on information obtained from NOAA, this site is not subject to hurricane activity or related
flooding.
Page 25 of 70
26. Tornado
Tornadoes in United States (1991-2010)
Based on NOAA information from 1991 through 2010, Virginia and this site have one of the lowest
averages of tornado activity. Virginia is lowest in southeastern United States.
Page 26 of 70
58. Data Center Sales Tax Exemption
VIRGINIA ACTS OF ASSEMBLY -- 2012 SESSION
CHAPTER 655
An Act to amend and reenact § 58.1-609.3 of the Code of Virginia, relating to sales and use tax
exemption; computer equipment.
[H 216]
Approved April 6, 2012
Be it enacted by the General Assembly of Virginia:
1. That § 58.1-609.3 of the Code of Virginia is amended and reenacted as follows:
§ 58.1-609.3. Commercial and industrial exemptions.
The tax imposed by this chapter or pursuant to the authority granted in §§ 58.1-605 and 58.1-606
shall not apply to the following:
1. Personal property purchased by a contractor which is used solely in another state or in a foreign
country, which could be purchased by such contractor for such use free from sales tax in such other
state or foreign country, and which is stored temporarily in Virginia pending shipment to such state or
country.
2. (i) Industrial materials for future processing, manufacturing, refining, or conversion into articles of
tangible personal property for resale where such industrial materials either enter into the production of or
become a component part of the finished product; (ii) industrial materials that are coated upon or
impregnated into the product at any stage of its being processed, manufactured, refined, or converted for
resale; (iii) machinery or tools or repair parts therefor or replacements thereof, fuel, power, energy, or
supplies, used directly in processing, manufacturing, refining, mining or converting products for sale or
resale; (iv) materials, containers, labels, sacks, cans, boxes, drums or bags for future use for packaging
tangible personal property for shipment or sale; or (v) equipment, printing or supplies used directly to
produce a publication described in subdivision 3 of § 58.1-609.6 whether it is ultimately sold at retail or
for resale or distribution at no cost. Machinery, tools and equipment, or repair parts therefor or
replacements thereof, shall be exempt if the preponderance of their use is directly in processing,
manufacturing, refining, mining or converting products for sale or resale. The provisions of this
subsection do not apply to the drilling or extraction of oil, gas, natural gas and coalbed methane gas. In
addition, the exemption provided herein shall not be applicable to any machinery, tools, and equipment,
or any other tangible personal property used by a public service corporation in the generation of electric
power, except for raw materials that are inputs to production of electricity, including fuel.
3. Tangible personal property sold or leased to a public service corporation engaged in business as a
common carrier of property or passengers by railway, for use or consumption by such common carrier
directly in the rendition of its public service.
4. Ships or vessels, or repairs and alterations thereof, used or to be used exclusively or principally in
interstate or foreign commerce; fuel and supplies for use or consumption aboard ships or vessels plying
the high seas, either in intercoastal trade between ports in the Commonwealth and ports in other states
of the United States or its territories or possessions, or in foreign commerce between ports in the
Commonwealth and ports in foreign countries, when delivered directly to such ships or vessels; or
tangible personal property used directly in the building, conversion or repair of the ships or vessels
covered by this subdivision. This exemption shall include dredges, their supporting equipment, attendant
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59. vessels, and fuel and supplies for use or consumption aboard such vessels, provided the dredges are used
exclusively or principally in interstate or foreign commerce.
5. Tangible personal property purchased for use or consumption directly and exclusively in basic
research or research and development in the experimental or laboratory sense.
6. Tangible personal property sold or leased to an airline operating in intrastate, interstate or foreign
commerce as a common carrier providing scheduled air service on a continuing basis to one or more
Virginia airports at least one day per week, for use or consumption by such airline directly in the
rendition of its common carrier service.
7. Meals furnished by restaurants or food service operators to employees as a part of wages.
8. Tangible personal property including machinery and tools, repair parts or replacements thereof,
and supplies and materials used directly in maintaining and preparing textile products for rental or
leasing by an industrial processor engaged in the commercial leasing or renting of laundered textile
products.
9. (i) Certified pollution control equipment and facilities as defined in § 58.1-3660, except for any
equipment that has not been certified to the Department of Taxation by a state certifying authority
pursuant to such section and (ii) effective retroactive to July 1, 1994, and ending July 1, 2006, certified
pollution control equipment and facilities as defined in § 58.1-3660 and which, in accordance with such
section, have been certified by the Department of Mines, Minerals and Energy for coal, oil and gas
production, including gas, natural gas, and coalbed methane gas.
10. Parts, tires, meters and dispatch radios sold or leased to taxicab operators for use or consumption
directly in the rendition of their services.
11. High speed electrostatic duplicators or any other duplicators which have a printing capacity of
4,000 impressions or more per hour purchased or leased by persons engaged primarily in the printing or
photocopying of products for sale or resale.
12. From July 1, 1994, and ending July 1, 2016, raw materials, fuel, power, energy, supplies,
machinery or tools or repair parts therefor or replacements thereof, used directly in the drilling,
extraction, or processing of natural gas or oil and the reclamation of the well area. For the purposes of
this section, the term "natural gas" shall mean "gas," "natural gas," and "coalbed methane gas" as
defined in § 45.1-361.1. For the purposes of this section, "drilling," "extraction," and "processing" shall
include production, inspection, testing, dewatering, dehydration, or distillation of raw natural gas into a
usable condition consistent with commercial practices, and the gathering and transportation of raw
natural gas to a facility wherein the gas is converted into such a usable condition. Machinery, tools and
equipment, or repair parts therefor or replacements thereof, shall be exempt if the preponderance of their
use is directly in the drilling, extraction, refining, or processing of natural gas or oil for sale or resale, or
in well area reclamation activities required by state or federal law.
13. Beginning July 1, 1997, (i) the sale, lease, use, storage, consumption, or distribution of an orbital
or suborbital space facility, space propulsion system, space vehicle, satellite, or space station of any kind
possessing space flight capability, including the components thereof, irrespective of whether such
facility, system, vehicle, satellite, or station is returned to this Commonwealth for subsequent use,
storage or consumption in any manner when used to conduct spaceport activities; (ii) the sale, lease, use,
storage, consumption or distribution of tangible personal property placed on or used aboard any orbital
or suborbital space facility, space propulsion system, space vehicle, satellite or space station of any kind,
irrespective of whether such tangible personal property is returned to this Commonwealth for subsequent
use, storage or consumption in any manner when used to conduct spaceport activities; (iii) fuels of such
quality not adapted for use in ordinary vehicles, being produced for, sold and exclusively used for space
flight when used to conduct spaceport activities; (iv) the sale, lease, use, storage, consumption or
Page 59 of 70
60. distribution of machinery and equipment purchased, sold, leased, rented or used exclusively for
spaceport activities and the sale of goods and services provided to operate and maintain launch facilities,
launch equipment, payload processing facilities and payload processing equipment used to conduct
spaceport activities.
For purposes of this subdivision, "spaceport activities" means activities directed or sponsored at a
facility owned, leased, or operated by or on behalf of the Virginia Commercial Space Flight Authority.
The exemptions provided by this subdivision shall not be denied by reason of a failure,
postponement or cancellation of a launch of any orbital or suborbital space facility, space propulsion
system, space vehicle, satellite or space station of any kind or the destruction of any launch vehicle or
any components thereof.
14. Semiconductor cleanrooms or equipment, fuel, power, energy, supplies, or other tangible personal
property used primarily in the integrated process of designing, developing, manufacturing, or testing a
semiconductor product, a semiconductor manufacturing process or subprocess, or semiconductor
equipment without regard to whether the property is actually contained in or used in a cleanroom
environment, touches the product, is used before or after production, or is affixed to or incorporated into
real estate.
15. Semiconductor wafers for use or consumption by a semiconductor manufacturer.
16. Railroad rolling stock when sold or leased by the manufacturer thereof.
17. Computer equipment purchased or leased on or before June 30, 2011, used in data centers
located in a Virginia locality having an unemployment rate above 4.9 percent for the calendar quarter
ending November 2007, for the processing, storage, retrieval, or communication of data, including but
not limited to servers, routers, connections, and other enabling hardware when part of a new investment
of at least $75 million in such exempt property, when such investment results in the creation of at least
100 new jobs paying at least twice the prevailing average wage in that locality, so long as such
investment was made in accordance with a memorandum of understanding with the Virginia Economic
Development Partnership Authority entered into or amended between January 1, 2008, and December
31, 2008. The exemption shall also apply to any such computer equipment purchased or leased to
upgrade, add to, or replace computer equipment purchased or leased in the initial investment. The
exemption shall not apply to any computer software sold separately from the computer equipment, nor
shall it apply to general building improvements or fixtures.
18. Beginning July 1, 2010, and ending June 30, 2020, computer equipment or enabling software
purchased or leased for the processing, storage, retrieval, or communication of data, including but not
limited to servers, routers, connections, and other enabling hardware, including chillers and backup
generators used or to be used in the operation of the equipment exempted in this paragraph, provided
that such computer equipment or enabling software is purchased or leased for use in a data center that
(i) is located in a Virginia locality, (ii) results in a new capital investment on or after January 1, 2009,
of at least $150 million, and (iii) results in the creation on or after July 1, 2009, of at least 50 new jobs
by the data center operator and the tenants of the data center, collectively, associated with the operation
or maintenance of the data center provided that such jobs pay at least one and one-half times the
prevailing average wage in that locality. The requirement of at least 50 new jobs is reduced to 25 new
jobs if the data center is located in a locality that has an unemployment rate for the preceding year of at
least 150 percent of the average statewide unemployment rate for such year as determined by the
Virginia Economic Development Partnership or is located in an enterprise zone. This exemption applies
to the data center operator and the tenants of the data center if they collectively meet the requirements
listed in this section. Prior to claiming such exemption, any qualifying person claiming the exemption,
including a data center operator on behalf of itself and its tenants, must enter into a memorandum of
understanding with the Virginia Economic Development Partnership Authority that at a minimum
provides the details for determining the amount of capital investment made and the number of new jobs
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61. created, the timeline for achieving the capital investment and new job goals, the repayment obligations
should those goals not be achieved, and any conditions under which repayment by the qualifying person
data center or data center tenant claiming the exemption may be required. In addition, the exemption
shall apply to any such computer equipment or enabling software purchased or leased to upgrade,
supplement, or replace computer equipment or enabling software purchased or leased in the initial
investment. The exemption shall not apply to any other computer software otherwise taxable under
Chapter 6 of Title 58.1 that is sold or leased separately from the computer equipment, nor shall it apply
to general building improvements or other fixtures.
2. That this act shall be effective for purchases or leases of computer equipment or enabling
software made on or after July 1, 2012, for use in a data center that (i) meets the requirements of
subdivision 18 of § 58.1-609.3 of the Code of Virginia on or after January 1, 2009, and (ii) enters
into a memorandum of understanding on or after January 1, 2009, with the Virginia Economic
Development Partnership Authority prior to claiming such exemption.
3. That the provisions of this act shall expire on June 30, 2020.
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62. Technology Zone Ordinance
O12-
BOARD OF SUPERVISORS
COUNTY OF STAFFORD
STAFFORD, VIRGINIA
ORDINANCE
At a regular meeting of the Stafford County Board of Supervisors (the Board) held in the Board
Chambers, Stafford County Administration Center, Stafford, Virginia, on the day of , 2012:
---------------------------------------------------------------------------------------------------------MEMBERS:
VOTE:
Susan B. Stimpson, Chairman
Robert “Bob” Thomas, Vice Chairman
Gary F. Snellings
Cord A. Sterling
Paul V. Milde III
Ty Schieber
Jack Cavalier
---------------------------------------------------------------------------------------------------------On motion of, seconded by, which carried by a vote of, the following was adopted:
AN ORDINANCE TO AMEND CHAPTER 23A OF THE STAFFORD
COUNTY CODE, “TECHNOLOGY ZONES”
WHEREAS, a technology zone can be a valuable tool for the encouragement of new and
expanding technology businesses in the County; and
WHEREAS, establishment of a technology zone allows localities to create special
incentives for qualified businesses locating or expanding operations in the technology zone; and
WHEREAS, the creation of a technology zone was recommended as part of the 2006
Economic Development Strategic Plan adopted by the Board; and
WHEREAS, on January 19, 2010, the Board amended the Stafford County Code to add
Chapter 23A, entitled “Technology Zones,” by its adoption of Resolution R10-02; and
WHEREAS, certain amendments to the technology zone ordinance are necessary to
further encourage investment within the technology zone;
NOW, THEREFORE, BE IT ORDAINED by the Stafford County Board of Supervisors
on this the ___ day of ________, 2012, that Chapter 23A of the Stafford County Code be and
hereby is amended and reordained as follows, all other portions remaining unchanged:
Page 62 of 70
63. O12Page 2
Chapter 23A. Technology Zones
Sec. 23A-1. Purpose.
The Board finds that the creation of local technology zones, with incentives for economic
growth, will foster the development, maintenance, and expansion of commercial and industrial
businesses engaged in technological research and design.
State law references: Similar provisions, Virginia Code § 58.1-3850.
Sec. 23A-2. Administration.
This chapter shall be administered and enforced by the County Administrator or his
designee. The County Administrator or his designee shall determine and publish the procedures
for obtaining the benefits created by this chapter. The County Administrator or his designee
shall be responsible for determining whether a business is a qualified technology business as
defined below or an existing qualified business and, when necessary, shall interpret the extent
and boundaries of the technology zone as set out in this chapter. Final incentive benefit
packages shall be approved by the Board in its discretion.
Sec. 23A-3. Definitions.
For the purpose of this chapter, the following words and phrases shall have the following
meanings, unless clearly indicated to the contrary:
Base year means the calendar year beginning from the date of the first capital investment
claimed in association with of the technology zone project. The base year is also the first
calendar year in which incentives are awarded.
Board means the Board of Supervisors of Stafford County.
Capital investment means it is measured as the change in the most recent assessed value,
as determined by the Commissioner of the Revenue, of real property, personal property, and
machinery and tools. This does not include an increase in real property values based upon
market increase due to any general reassessment. Capital investment also includes the assessed
value of leased office space when the total lease equals one million dollars ($1,000,000.00) spent
in a two-year period.
County means Stafford County.
Existing business means one that was actively engaged in the conduct of trade or business
in the County prior to an area being designated as a technology zone.
Page 63 of 70
64. New business means a business not previously located in and actually engaged in the
conduct of business in the County and that begins operation in a technology zone after the
technology zone was designated.
Qualified technology business means a technology business that has met the
qualifications set forth in section 23A-4.
Technology business includes, but is not limited to, research, development, manufacture,
or associated training of: biotechnology, chemicals, computer hardware, computer security,
computer software, data centers, energy, environmental, homeland security, manufacturing
equipment, advanced materials, medical, finance related companies, pharmaceuticals, photonics,
subassemblies and components, test and measurement, telecommunications, or transportation. In
no case shall the use of computers or telecommunication services by a business in its
administrative operations, by itself, qualify the business as a technology business.
Sec. 23A-4. Qualifications.
(a) Existing business. For an existing technology business to become a qualified
technology business, the firm must add a minimum of ten (10) net new full-time employees
whose combined average salary is at least one hundred fifty (150) one hundred (100) percent of
the average annual wage countywide based on the most recent quarterly data as prepared by the
Virginia Employment Commission. In addition, the firm must increase capital investment in the
technology zone by at least five hundred thousand ($500,000.00) dollars.
(b) New business. For a new technology business to become a qualified technology
business the firm must create a minimum of twenty (20) net new full-time job positions whose
combined average salary is at least one hundred (100) percent of the average annual wage
countywide based on the most recent quarterly data as prepared by the Virginia Employment
Commission. In addition, the firm must increase capital investment in the technology zone by at
least one million dollars ($1,000,000.00) dollars.
(c) Existing and new businesses. The following requirements shall apply to all businesses
seeking the incentives provided in this chapter:
(1)
Businesses must be engaged in a technology business as set forth in
Section 23A-3.
(2)
The increase in capital investment required to qualify must occur within
twelve (12) months of the date on which the Board approves the incentives package.
The base year shall be the first calendar year beginning on the date of the first capital
investment claimed in association with the technology zone project.
(3)
Newly-created or additional full-time jobs required to qualify must be
created within eighteen (18) months of the start of the base year and be maintained for
the duration of the incentive package approved by the Board.
(4)
Any assets owned by a business which are moved into a technology zone
from another location within the County shall not be included in the increased new
investment.
Page 64 of 70
65. (5)
Within thirty (30) days of submitting a technology zone application, the
business shall furnish to the Commissioner of the Revenue company records, audits
and/or other pertinent documentation prepared by a certified public accountant to verify
ownership of business equipment, as requested by the Commissioner of the Revenue.
(6)
Prior to the acquisition of new business equipment for which Machinery
and Tools and/or Tangible Personal Property Tax rebates will be sought, the
Commissioner of the Revenue shall audit the business’ existing equipment of the
company to ensure that such investment is in new, additional equipment and not
replacement of existing equipment.
(7)
County.
The business must be current in its payment of all taxes assessed by the
Sec. 23A-5. Boundary of technology zone.
There is hereby created one (1) local technology zone within the County, to be named
“the Stafford County Technology Zone.” The boundary of the technology zone is the Urban
Services Area as defined by the Board in the adopted Comprehensive Plan.
Sec. 23A-6. Technology zone incentive package.
(a) Technology zone incentives may be offered to a qualified technology business as a
one-time contribution towards the development costs associated with a project, or may be
provided as a reimbursement or rebate, depending upon the nature and scope of the development.
The approval of incentives and their relative amount are at the complete discretion of the Board.
Under this discretion, qualified technology businesses may be granted incentives on a case-bycase basis. These incentives may include fee and tax rebates, Economic Development Grants, an
expedited review process, and/or assistance in obtaining other sources of funding. In determining
the amount and terms of such incentives, the Board will give consideration to: the number,
quality, type, and average salary of new full-time job positions to be created or added; the
specific type of technology work to be performed at the location; the amount of capital
investment; the long-term company and industry outlook; and the company’s overall positive
impact on the County in the short and long terms.
(b) A qualified technology business may also be eligible to receive a waiver of certain
fees associated with new construction, including, but not limited to building permit, plan review,
and land disturbance fees, based upon the level of employment and capital investment generated
by the business.
(c) A qualified technology business may also be eligible, based upon the level of
employment and investment generated by the business and at the discretion of the Board, for
rebates in taxes for up to five years, with the first year being the base year, as follows:
(1) Machinery and Tools Tax. Up to a full rebate of all machinery and tools
taxes.
(2) Tangible Personal Property Taxes:
Page 65 of 70
66. a. Up to a seventy (70) percent rebate for the first two (2) years;
b. Up to a fifty (50) percent rebate for the next two (2) years; and
c. Up to a thirty (30) percent rebate for the final year.
(3) Business-based taxes. Up to a full rebate of any business-based
taxes.
(d) The reductions authorized in subsections (c)(1), (c)(2), and (c)(3) above shall apply for
up to a period of five (5) calendar years or until such time that the business no longer operates as
a qualified technology business, ceases to meet the minimum criteria for a qualified technology
business, or removes its operation from the County during a year in which the reduction applies;
whichever occurs first. If the business removes its operation from the County during a year in
which any incentives granted under this Chapter are received, then the business shall promptly
repay to the County all incentives, including but not limited to rebates and grants, received by the
business pursuant to this Chapter. If the business ceases to meet the minimum criteria for a
qualified technology business, then the Board may abate any incentives awarded under this
Chapter for up to two years. If after or during the abatement period, the business meets the
minimum criteria for a qualified technology business, then the Board may reinstate the benefits
provided in the incentive package for the remainder of the incentive period, which shall be
extended by a period of time equivalent to the abatement period. If the business fails to operate
as a qualifying technology business after the expiration of the abatement period, then the
business shall promptly repay to the County all incentives, including but not limited to rebates
and grants, received by the business pursuant to this Chapter. A business must sign an agreement
to this effect prior to receiving any incentives pursuant to this Chapter.
(e) All technology businesses accepting incentives under this chapter must acknowledge
that financial information provided in connection with the payment of incentives becomes public
information and must waive any expectation of confidentiality to such information.
State law references: Similar provisions, Virginia Code § 58.1-3850.
Sec. 23A-7.
Zoning Ordinance not affected.
This chapter is an economic development incentive and is not a zoning change. Nothing
herein shall be construed to affect any provision or requirement of the County Zoning Ordinance.
Sec. 23A-8. Waiver.
Unless expressly stated herein, this chapter shall not be construed to waive the
requirement of any ordinance, regulation or policy of the County, including, but not limited to,
those ordinances, regulations, and policies that require permits and approvals for land use and
construction. Additionally, unless stated otherwise herein, nothing in this chapter shall be
construed as waiving the right of the County to enforce its ordinances, regulations, or policies or
to collect any taxes, fees, fines, penalties, or interest imposed by law on a qualified technology
business or upon real or personal property owned or leased by a qualified technology business.
Sec. 23A-9. Effective date.
This Ordinance shall be in effect on and after the date of its adoption.
AJR:TJB
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70. Every reasonable effort has been made to ensure that the information provided in this
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