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of a demolition and construction development plan will be required. <br />These refunds will be in the amount of one hundred percent (100%) of <br />the fee paid at the time of tipping. The refund will be upon approved <br />application at the completion of the project. This incentive is retroactive <br />to January 1, 1996. <br /> <br />(4) <br /> <br />Waiver of Water and Sewer Regulations for Mutt~iole Service on One Meter. <br />The City shall waive connection regulations for new businesses or expan- <br />sions of existing businesses in the Zone for designated Qualification for <br />Benefits for the purpose of creating or retaining jobs. Regulations shall <br />be waived based upon City procedures and guidelines. <br /> <br />(s) <br /> <br />Waiver of Building Permit Fees. The City shall waive building permit fees <br />for new and expanding operations under the designated Qualification for <br />Benefits within the Zone. <br /> <br />(6) <br /> <br />Partial Exemption from Taxation of SubStantially Rehabilitated Real Estate, <br />Pursuant to Virginia Code Section 58.1-3221. The City shall refund to the <br />owner, real estate taxes paid for projects under the Qualification for <br />Benefits for new investments for substantial rehabilitation, renovation, or <br />replacement. No minimum investment is required for this incentive. The <br />refund shall be calculated by the following percentages over the increase <br />in assessed value resulting from the rehabilitation, renovation, or <br />replacement: <br /> <br />100% for 1 st tax year <br />50% for 2nd, 3rd, 4th, and 5th tax year <br /> <br />The structure must be no less than fifteen (15) years of age and any re- <br />placement structure may exceed the total square footage of the replaced <br />structure by no more than 110%. <br /> <br />Sec. 7.5-7. Application. <br /> <br /> Any business seeking to receive local Enterprise Zone incentives shall <br />make application to the Enterprise Zone Administrator on forms provided by <br />the Administrator. The Enterprise Zone Administrator shall require the busi- <br />ness to provide documentation establishing that it has met the requirements <br />for the receipt of local Enterprise Zone incentives. Failure to provide requested <br />documentation shall result in a denial of the application for local incentives. <br /> <br />Sec. 7.5-8. Enterprise Zone Administrator. <br /> <br /> The Enterprise Zone Administrator shall be the City Manager or his <br />designee. <br /> <br /> <br />