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To amend ch. 6 of the City Code by adding therein a new art. XII (?? 6-596-6-602) to establish a technology zone program in accordance with Va. Code ? 58.1-3850, for the purpose of facilitating the development and location of technology businesses in the city of Richmond, capital investment, and job creation. (As Amended)
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THE CITY OF RICHMOND HEREBY ORDAINS:
? 1. That Chapter 6 of the Code of the City of Richmond (2015) be and hereby is amended and reordained by adding therein a new article number XII, consisting of sections numbered 6-596 through 6-602, as follows:
ARTICLE XII
TECHNOLOGY ZONE
Sec. 6-596. Purpose and intent.
In order to foster the development and location of new technology businesses in the city,
which will increase capital investment and create jobs, the Council finds that the establishment of a technology zone pursuant to Code of Virginia, ? 58.1-3850, is necessary.
Sec. 6-597. Administration.
The Chief Administrative Officer shall develop and publish procedures for applying for the benefits afforded by this article and for the administration of this article. Any application required by this article shall be on forms approved by the Chief Administrative Officer. The Chief Administrative Officer or the designee thereof shall review each application to determine an entity's eligibility to be certified as a qualified technology business. The Chief Administrative Officer shall review the criteria and incentives for the technology zone program annually to ensure alignment with the priorities and economic development strategy of the City and shall make recommendations to the Council if it is determined that the criteria or incentives should be modified.
Sec. 6-598. Burden.
Any entity applying for the benefits afforded by this chapter shall have the burden of proving qualification, shall file an appli...
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