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045-00 BOARD OF SUPERVISORS RESOLUTION PHARMACY TECHNOLOGY ZONE WHEREAS, the community has a rich resource in the Bernard F. Dunn School of Pharmacy of Shenandoah University; and WHEREAS, the County of Frederick has interest in pursuing the economic development potential of research and development operations in the pharmacy/medical product field as a means of supporting the existing industry base and attracting new research firms to the community. NOW, THEREFORE, BE IT RESOLVED, that legislation exists for the creation of Technology Zones in the Commonwealth of Virginia; and BE IT FURTHER RESOLVED, that the Board of Supervisors for the County of Frederick, Virginia, does hereby authorize the county administrator to pursue the establishment of a Pharmacy Technology Zone in the County of Frederick. ADOPTED, this loth day of May, 2000. , and seconded by by the following recorded vote: Upon motion made by , the above resolution was Richard C. Shickle Robert M. Sager Charles W. Orndoff, Sr. Margaret B. Douglas W. Harrington Smith, Jr. Sidney A. Reyes A COPY TESTE: John R. Riley Jr. Clerk, Board of Supervisors RESOLUTION NO. 045-00 POSTPONED AT MEETING OF 05/10/00 DRAFT FREDERICK COUNTY PHARMACY TECHNOLOGY ZONE December 4, 1999 (Revised 5-3-00) BACKGROUND: The Winchester Medical Center and its education partner, Shenandoah University, have collaborated in several niches of the health science industrynphysical therapy, nursing, hospital administration, etc. The newest addition is the Bernard J. Dunn School of Pharmacy located on the campus ofthe Medical Center. It is perceived that the pharmacylbiomedical industry offers a good deal of promise for future growth, and the Winchester Medical Center- Shenandoah University partnership is well positioned to become a nucleus ofpharmacylbiomedical business development in the community. CONCEPT: That companies which establish a business operation in specific geographic areas of Frederick County that meet the criteria of a qualifying pharmacylbiomedical company would become part ofaPharmacy Technology Zone consortium with specific benefits. Among the benefits would be joint sharing of facilities and personnel/students as described between contractual arrangements between two or more parties. A second benefit would inure in the arena of local taxation. OUALIFYING COMPANY: Type: A company which is involved in research and development of and/or production of any product or device that is related to pharmacology as defined by Standard Industrial Code 283, other medical equipment as identified by a variety of SIC codes, as well as 8731, research and development. More than 50% of the company's gross receipts must be derived from the qualifying operations. Qualifying as a Pharmacy Techno logy Zone company in no way prevents the company from qualifying for other business development programs at either the state or local level. LOCATION: The physical property of any currently existing company in Frederick County meeting the criteria above, as well as the undeveloped portion of Phase I (110 ac.) of the Round Hill Community Use Plan, as identified Comprehensive Policy Plan of Frederick County, Virginia. LOCAL TAXES ELIGIBLE FOR REBATE: A percentage ofthe utility tax on local telephone, natural gas and electric usage on the scale below. LOCAL TAXES ELIGIBLE FOR EXEMPTION: A percentage of the business license tax on the scale below. AMOUNT OF REBATE OR EXEMPTION: Year 1 Year 2 Year 3 Year 4 Year 5 100% 80% 60% 40% 20% DETERMINATION OF ELIGIBILITY: Representing the Board of Supervisors, the Frederick County Administrator or his designee.