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11 - Resolution Approving Agreement to Terminate Tax Abatement Agreement with Campbell Soup
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11 - Resolution Approving Agreement to Terminate Tax Abatement Agreement with Campbell Soup
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10/19/2017 3:04:22 PM
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10/19/2017 2:44:52 PM
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AGENDA
Item Number
11
AGENDA - Date
10/23/2017
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"Property" Propertyor PersonalPTopeatydefinedherein, as is applicable <br />together!,ccording to the cDntw where used herein, that is eligible for tax abatement <br />n) "Real Property" means the land within an Enterprise Zone or a Reinvestment Zone, <br />1 +P• and fixtures or otherwise situated thereon. <br />o) "Regional Distribution Facility" means buildings and structim including fixed <br />machinery and equipment, used or io be used primarily to receive, store, service. or distribute <br />goods or mataWs where a majority of the goods or services am distributed to points at least 100 <br />miles from its location <br />p) -Regional Tourist EntertairimeW Facility" mom buildings and struchm including <br />fixedryischinoy and equipment used or to be used in providing amusement/entertainment <br />througli ft admission o1majorityof + 1 least 100 miles <br />1 AT <br />071nmi rT45#7TIffZ;7IT77TTI1 :+A 1. f . 1A ; 1 <br />A"ReinvestmentZone"or Countydecided <br />A ► ►: ■ 1 1 : 1 1 1 f A +► 1 1► <br />area through the use of tax abatement fbr specified improvements. <br />Countys) "rax, Abatement Committee" mans ihe conimittee, of persons designated from timt <br />tbaternent to the applicable axing entities in the community. ne Tax, Abatement Committee <br />will be composed of one person ficm each of the City (the City Manager or designee), the <br />of Lwnu <br />County Judgedesignee), CollegePresident <br />l 1 <br />designee), the Chief Appraiser ofthe, Lamar County Appraisal Distrim and the Executive <br />Director of the Paris Economic Development Corporation. <br />U), Designation of a Reinvestment Zone. <br />The or Countydesignate an a= as a ReinvestmentZone in accordance <br />the criteda and procedural requirementsProperty, t 1 <br />Abatementamended rs 1 Code 1'' ► <br />
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