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(Updated 1-11-16) <br />POLICY STATEMENT <br />*CRITERIA AND GUIDELINES FOR TAX ABATEMEN2; <br />1. An individual working 40 hours per week in ajob defined above. <br />2. A number of pait-tim jobs where the hours worked in each such job is less than 40 hours <br />per week made available by one employer and added together to total 40 hours per weelL <br />For example, fourteen (14) put -time jobs made available by one employer where all such <br />part-time jobs added together require a total of 380 hours of work per week (but no such <br />part-time job requires 40 hours of work or more per week), will equal nine and one-half <br />(9.5) FTEjobs (380 hours divided by 40 hours per week equals 9.5). <br />3. FTE jobs do not require the emplon to receive benefits from the aLo <br />The replacement and upgrading of existing facties, which increases the productive input or <br />output; updates the technology, or substantially lowers the unit cost of operation. <br />n. may result from the construction, alteration or installation of buildings, <br />machinery or equipment, but shall not be for the purpose of reconditioning, <br />r ' * . or.deferred maintenance. <br />. . it . . . . . . . <br />Machinery, cqaw for tax <br />abatement, which can be removed fi-orn an authorized facil!!y. <br />WV, 44 14:111,41,41, <br />The Tax Abatement Advisory Committee will be convened from time to tim by the Pon's <br />Economic D"elopment Corporation to study, review and recommend tax abatements to the <br />applicable Taxing Jurisdictions in the City of Paris and Lamar County, Texas. The Tax <br />Abatement Advisory Cominuttee will be composed of one person from each of the Taxing <br />Jurisdictions: the City of Paris (the City Manager or design=), the County of Lamar (the <br />County Judge or designee), Paris Junior College (the President or designee), the Chief <br />Appraiser of the Lamar County Appraisal Dist, d the Executive Duector of the Paris <br />Economic Development Corporatiozi. Recommendations from the Tax Abatement Advisory <br />Committee shall be decided by majority „i„ of the representatives from the three taxing <br />entities referenced above. <br />