09-JS Baking LLC Tax Abatement Amendment

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Paris, Texas Economic Development Corporation POLICY STATEMENT CRITERIA AND GUIDELINES FOR TAXABATEMENT VIII. Abatement Agreement Terms and Conditions. Appendix B provides many of the terms and conditions to be included in any formal abatement agreement. IX. Amendments to Guidelines and Criteria These Guidelines and Criteria are effective for a two (2) year period from the date of their adoption, unless amended or repealed by the affirmative vote of three- fourths (3/4) of the members of the City Council. For a tax abatement application or additional information contact: Paris Economic Development Corporation 1125 Bonham Street Paris, Texas 75460 903- 784 -6964 Fax 903- 784 -2503 www.p aTi stex asusa. com Email: parisedc@paristexasusa.com morals. 4. Incident to approval of any ordinance designating a reinvestment zone, the City shall find that the improvements sought are feasible and practical and would be a benefit to The land to be included in the reinvestment zone and to the City after the expiration of the a reement. Variances Requests for variance from the provisions of these Guidelines and Criteria may be made in writing to the City; provided, however, that in no event shall the term of any abatement exceed the period authorized by applicable state law. Such request shall include a complete description of the circumstances requiring a variance. Approval of a request for variance shall require the affirmative vote of threc-fourths 314 of the members of the City Council. Proposed The adoption of these Guidelines and Criteria by the City does not limit the discretion of the City Agreements Council to decide whether to enter into a specific tax abatement agreement, or limit the discretion of Decided on the City Council to delegate to its employees the authority to determine whether or not the City Individual should consider a particular application or request for tax abatement, or create any property, Basis contract, or other legal right in any person or entity to have the City Council consider or grant a specified ap2lication or request for tax abatement. VIII. Abatement Agreement Terms and Conditions. Appendix B provides many of the terms and conditions to be included in any formal abatement agreement. IX. Amendments to Guidelines and Criteria These Guidelines and Criteria are effective for a two (2) year period from the date of their adoption, unless amended or repealed by the affirmative vote of three- fourths (3/4) of the members of the City Council. For a tax abatement application or additional information contact: Paris Economic Development Corporation 1125 Bonham Street Paris, Texas 75460 903- 784 -6964 Fax 903- 784 -2503 www.p aTi stex asusa. com Email: parisedc@paristexasusa.com