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abatement for seven years, and he said that he believed that this modification' <br /> needed to be made in order to allow discretion by the Board in relation as to the <br /> number of individuals to be employed by a project, and how much capital outlay is <br /> required. He asked Mr. Vest to explain this item. <br /> <br /> Mr. Vest said that the Board would like to have a letter from President Rhodes to <br /> Mayor Pfiester requesting that the City Attorney work with Mr. Vest as the P.E.D.C. <br />__ Director, in establishing new criteria and guidelines for tax abatement in the City of <br /> Paris with a graduated scale of abatement correlated to capital investments and job <br /> creations including retail and commercial business tax abatement in the Enterprise <br /> Zone. He stated that he had a sample of a tax abatement policy that follows these <br /> guidelines with a graduated scale. He said that this scale has both a minimum and <br /> a maximum investment amount to be eligible for tax abatement. He said that this <br /> policy calls for a committee consisting of the City Manager, a representative from the <br /> P.E.D.C. Board, a representative from the County, and a representative from all the <br /> taxing entities for review of all tax abatement applications. He said that this <br /> committee would make recommendations back to this Board, and this Board would <br /> make recommendations to the City Council. City Attorney Schenk said that perhaps <br /> this would open the door for smaller projects, but the advantage of having an <br /> established policy makes it very clear what the projects could received depending <br /> on the size of the project. President Rhodes called for questions and there were <br /> none. <br /> <br /> Boardmember Melba Harris made a motion, seconded by Boardmember Jay Guest, <br /> to request modification of the City's Tax Abatement Guidelines and Criteria by a <br /> letter of request to the Mayor of the City of Paris, The motion carried unanimously. <br /> <br /> President Rhodes asked if there was any other business and there being none he <br />__ declared the board meeting adjourned. <br /> <br /> President Michael Rhodes <br /> <br /> ATTEST: <br /> <br /> Assistant City Clerk Barbara Denny <br /> <br /> <br />