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( I n rf ! «1 1 -71 ► ,.. { I 1 • - ►"i 1 (, ► 4 : li ',1 <br />tha assessor with such i• ►! be necmaryto determbm the amount <br />abatement. Once such value has been established, the Chief Appraiser shaV notify the dfboftd <br />jurisdictions which levy taxes on such Property and the Paris Economic Development <br />Corporation. <br />The Employer, owner or lessee of eligible Property requesting tax abatement within a <br />Reirivestinvit Zone shall, prior to the commencement of eligible property improva=ts, agree <br />to aqwnd a desipated sum of money and to create or retain a caWn number offobs, or annual <br />payrollas furtherdefined below. <br />Tax abatement may be made available W Employers creating Jobs with respect to an <br />5711; Mil I } <br />a) To be eligible for any tax Wxftment them mug be a minimum capital investment in <br />Authorized Facility of $250,000[ at least tan1) new Jobs added to the Employeeslabor <br />force. <br />b) When an abatementpmeritage hasbeen Jreed upon it shallbe gmniedfor years <br />one (1) through three (3); thereaftm there will be a 20% nduction in the original amount abal <br />beginning with yar four (4) and a similar mduction of 20% in each of the nw three years und <br />00'. of the Real Property► !►'! to thetax rolls. <br />c) Critaft for qualification for tax aMtement am as follows: I <br />