09-JS Baking LLC Tax Abatement Amendment

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Paris, Texas Economic Development Corporation POLICY STATEMENT CRITERIA AND GUIDELINES FOR TAX ABATEMENT Accordingly, if an existing employer (as opposed to a newly created business or industry moving into the City), owns or leases an authorized facility and has plans to improve such property by constructing new improvements on its real property and/or adding new personal property to its authorized facility which qualify for tax abatement under these Criteria and Guidelines, such employer may be eligible for tax abatement with respect to such improvements to its real property or its new personal property under the provisions of Article V above, even if no new jobs or newly created minimum annual payroll are created. In projects involving existing employers, the criteria for tax abatement for improvements to real property and for new personal property at authorized facilities are identical to that set forth in Article V above (except that no new jobs or newly created minimum annual payroll are required). The City encourages existing employers to retain as many jobs and as much existing annual payroll as is economically feasible for the existing employer, while remain competitive in its industry. VII. Application Process Applicatiou Process Eligibility Any present or potential owner of taxable property in the City may request tax abatement by filing a written request with the City Manager or County Judge, with a copy of the application forwarded by the applicant to the Executive Director of the Paris EDC. Form The application shall consist of a completed application form accompanied by the following: 1. A general description of the improvements to be undertaken together with the projected new value to the property and the type of business operation proposed. 2. A detailed descriptive list of the improvements for which abatement is requested. 3. A list of the kind, number, and location of all proposed improvements of the property. 4. A list of the number and type of jobs created, including information pertaining to anticipated job transfers (if any). S. A metes and bounds description and plat of the proposed reinvestment zone that shows all roadways within 200 feet of the reinvestment zone and all existing zoning and land uses within 200 feet of the reinvestment zone. 6. A time schedule for undertaking and completing the proposed improvements. 7. The type and value of any economic development incentives requested. 8. Any other information about the proposed project as may be required by the City or as deemed desirable by the City. Review 1. The application will be reviewed by members of the Tax Abatement Committee. 2. The application will be distributed to the appropriate department heads and taxing entities for review and comment. 3. No tax abatement application shall be considered for further processing by the governmental entities unless first approved by the governing board of the Paris EDC. 4. Upon approval by the Paris EDC Board the application will processed through the approval process of the governing bodies for their consideration. Public 1. The City will comply with certain public notices and hearings required as mandated by state Hearing law under the Property Redevelopment and Tax Abatement Act prior to the designation of a reinvestment zone and execution of a tax abatement agreement. 2. The City may adopt an ordinance designating a tax abatement reinvestment zone only after notice of a public hearing has been published at least seven (7) days before the date of the hearing, and all other procedural requirements of Chapter 312 of the Texas Tax Code have been satisfied. Findings In order to enter into an agreement, the City must find that: 1. The terms of the proposed agreement comply with these Guidelines and Criteria. 2. There will be no substantial adverse affect on the provision of City services or tax base. 3. That the lanned use of the property will not constitute a hazard to nublic safety health nr