2017-033 - Kimberly-Clark Tax Abatement

Home Browse Search

(I pd I -11 -16) POLICY STATEMENT 'CRITERIA AND GUIDELINES FOR TAX ABATEMEMP W-Wrim"W"EngmRwi� W 1- V J- MI1 -luleigi AAUW-� Akk existing annual payroll as is economically feasible for the existing ernployer, while remaining wmpetitive in its industry. V11. Greenfield projects In order to encourage the development of greenfield properties and also to be able to expedite certain new mil cts, 6 JVVII,�,U6,17ty W 4,A�L'104 Mtf 1 -T -171M 1-77 Wt IMM -711 71 -alVe 1-967TUT 071 Tv 117771- Tur projects exclusively involving greenfield properties. 41 1 V, Any present or potential owner of taxable propefty in the Taxing may request tax abatement bjLfift a wri I -or twi— -Manw-A} � a cW of the a theation forwarded by the to the Executive Director of the Paris EDC. The application shall consist of a completed application &;—m7� ;';411 4anied by the following: 7 general description of the improvements to be undertakm together with the projected new value to the property and the type of business operation propose& 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 transfas (if any). 5. A metes and bounds description and plat of the proposed reinvestment zone that shows an roadways within 200 feet of the reinvestment zone and all existing zoning and land uses within 200 feet of the reinvestinent zone. 6. A time schedule for undertaking and completing "i improvements. 7. The type and value of any additional economic development incentives requested. 8. Any other information about the proposed project as may be required by the Taxing Jurisdictions or as deemed desirable by the raxing Jurisdictions. L AA applications will be initially reviewed by members of the Tax Abatement Advisory Committee. 2. An initial project briefing meeting will be conducted between the company's representatives and the Tax Abatement Advisory Committee. 3. The Committee will evaluate the request for tax abatenmt in acc"dance with these crite& and guidelines and will make its recommendation to the Paris City Council, Lamar County Commissioners Court and Paris Junior College Board for their review and approval, 4. After the Paris City Council has been briefed on the proposed tax abatement offer and they have directed the Committee to move forward, the Paris City Attorney will draft the initial tax abatement agreement for review by the Tax Abatement Committee, the PEDC Board and representatives of each Taxing Jurisdiction. 5. Electronic versions of the City's abatement agreement will be provided to the County and i PJC so all agreements have consistent language, terms and conditions. 6. Following Tax Abatement Committee review of the draft agreement, it will be sent to the applicant's legal counsel for review and comment Any changes requested by the t, 3, applicant will be reviewed and considered by the Committee and City Attorney. 7. Once the Agreement is finalized, it will be placed on the PEDC Agenda for review and action by the PEDC Board. a. Once the Tax Abatement Agreement has been formally approved by the PEDC Board, Agreement shall be forwarded to the Paris City Council, Lamar County Commissioner'r Court and Paris Junior College Board of Regents for finat consideration and action.