HomeMy WebLinkAbout2021-31Ordinance 2021-31
Ordinance Amending Section 34-64 of Chapter 34, Community Development
- of the Town of Pulaski, Virginia, Code of Ordinances
WHEREAS, at the December 7, 2021 Council Meeting, Section 34-64 of Chapter 34
was deleted due to being outdated; and,
WHEREAS, staff has now recommended a revised set of incentives as attached:
NOW, THEREFORE be it ORDAINED by the Town Council of the Town of Pulaski,
Virginia, sitting in session this 21St day of December 2021, that Section 34-64 of Chapter
34, as attached hereto be adopted.
This ordinance is effective upon adoption and is hereby adopted this 21St day of
December 2021 by the duly recorded vote of the Town Council of the Town of Pulaski,
Virginia as follows:
Lane R. Penn -Aye James A. Radcliffe -Aye
Brooks R. Dawson -Aye G. Tyler Clontz -Aye
Gregory C. East -Aye Michael P. Reis -Aye
THE TOWN OF PULASK, VIRGINIA
BY: IWI(
William S. Collins
Mayor
ATTEST
Acting Clerk ofCouncil
Title 1 Amending Article III Enterprise Zone, Chapter 34 Community Development
Section 34-64 Local enterprise zone incentives
Local enterprise zone incentives are as follows:
(1) Rehabilitation Real Estate Tax Abatement for properties 30 years of age or older
a. 100% of the increased assessed value for 5 years
b. Structures within the Commercial Historic District with an investment of
$750,000 will receive an additional 2 years of abatement
(2) Building permit fee waiver
a. Minimum investment of $50,000
b. Maximum exemption of $1,000
(3) Business Occupancy License Fee rebate for first two years of operation
a. Initial Application Fee—year 1
b. Annual Renewal Fee —year 2
(4) Utility Services available for 50% rebate for upgraded service costs (meter and/or lines)
where the investment is $500,000 or more.
I, .�r'I.,,,"c4.,acting for Clerk of the Council, of the Town of Pulaski
Virginia, do hereby- certify°t at the forgoing Ordinance 2021-31 "Ordinance Amending
Section 34-64 of Chapter 34, Community Development of the Town of Pulaski, Virginia,
Code of Ordinances" is a true and correct copy of the Ordinance set out and adopted by
the recorded vote of the Town Council of Pulaski, Virginia on December 21, 2021.
Clerk of Cou it