[Ord. No. 10-32, 10-26-2010]
There is hereby established the "Eagle Village Tourism Zone"
consisting of approximately 23 acres of land located on the east and
west side of U.S. Route 1, generally across from the University of
Mary Washington campus, consisting of Fredericksburg Tax Map parcels
186-48-L1, 186-48-1209, 186-50-1221, 249-3-PB, 249-3-1201 and 240-3-1257;
186-50-1209, 1210, 1214, 2002, 2006, 2010, 2014 and 2018; 187-49-1309,
1313, 1323, L9B, 1317 and 1325; 187-49-2000, 2004, 2018, L16A, L16B,
L16C and L16D; 187-54-1300; 187-54-1301,1305, 1311, 1313 and 1315;
188-53-1221, 1223, 1224, 1229, 1240 and 1901; 190-74-1311, 1316 and
1321; 228-73-1401 and 1810; 229-55-1900 and P1. The purpose of this
zone is to provide economic incentives and regulatory flexibility
for eligible business entities which will advance the long term development
goals of the JumpStart! 2006 Final Report and Action Plan, and the
Comprehensive Plan (2007) Corridors goals and policies.
[Ord. No. 10-32, 10-26-2010]
A.
Economic incentives and regulatory flexibility may be made available
to any new, expanded, or existing business which seeks to attract
customers from the Fredericksburg region and beyond. The business
must commit to a performance agreement based upon investment, jobs,
sales revenues, or other significant criteria. The business must make
a capital investment of at least $500,000 within the Eagle Village
Tourism Zone, or create and sustain at least 25 full-time jobs in
order to be eligible for economic incentives or regulatory flexibility.
B.
Economic incentives may be provided for up to 10 years, through the
performance agreement. In the case of multi-year incentives, the business
shall establish its qualification for the incentives on an annual
basis.
[Ord. No. 10-32, 10-26-2010]
The City Manager is authorized to administer the Eagle Village
Tourism Zone through the Director of Economic Development and Tourism.
The Director of Economic Development and Tourism shall develop criteria
and guidelines for the level of investment required for any particular
range of tax incentive or regulatory flexibility. The City Manager
is authorized to negotiate performance agreements with potential new
or expanded businesses. The City Council shall have final approval
authority for performance agreements.
