11 - Resolution Approving Agreement to Terminate Tax Abatement Agreement with Campbell Soup

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e) If a newly created business located or will locateEnterprise Zone, additional 10 to 20% 6atement may be available as indMdually negotiated, with total abatement not. exceed 11..,: k ,1-77.r1 i%1 7 ' ! i 1' 1 1 ;=Dj I r recognizesThe City ofits exisfmg Employm• of community and desires to encourage Wsfing Employers to remain in the City and to impmve their businesses and industries, profitability. • ! existing Employer (as opposed to a newly created business or industry moving into the City), owns or ]cases an Authorized Facility and has plans to improve such Property by cmtructing Faeffity which qua]* for tsx abatement under these Criteria and OWdelines, such Employer Newly Created Minimum Annual Payroll we creftd. In these cases involving existing Employers, the criteria for tax abatement for improvements to Real Property at Authorized Fwiliticsidentical Rthat setforthR► (except1newJobs or Newly Created Minimum Annual Payroll are required); and the criteria for tax abatement fcxr now •Prop"added toAuthorizedFacilitiesweIdentical#that setforth above (except that no now Jobs or Newly Created. Minimum Annual Payroll at required). In this 1 however,V 4 existing Employerstoretain many Jobs 1 as much existing Annual Payroll as is economically feasible for the existing Employer to do and remain competitive industry. VIII. Application. a) FAigibility. Any present or potential owner of taxable property in the City may rl !1 ■ f r( w R ♦ Director1 1Paris Economic Development Corporation. copy of the said application to be forwarded by the applicant to the Executive b) Form. Ile application shall consist of a compleW application form accompanied by the following 1) A general description of1he improvements to beundertaken together with the I 2) A detailed descriptive list of the briprovements for which abateraw requested; 3) A list of the kind,number,and location •'.all proposed improvementsof Property;