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Property Tax Abatement Schedule attached hereto as Exhibit B and incorporated herein by <br />reference. Said abatement shall be an amount equal to one hundred percent (100%) of the <br />taxes assessed upon the increased value of the IMPROVEMENTS made by OWNER to the <br />Property described in Section III of this AGREEMENT, over the value in the year which this <br />AGREEMENT is executed, in accordance with the terms of this AGREEMENT and all <br />applicable state and local regulations or valid waivers thereof; provided that the OWNER shall <br />have the right to protest or contest any assessment of the PROPERTY, and said abatement <br />shall be applied to the amount of taxes finally determined to be due as a result of any such <br />protest or contest. For the purposes of this AGREEMENT, the initial value of the existing real <br />and personal property (not subject to abatement) shall be deemed to be the value as shown on <br />the tax rolls of the Lamar County Appraisal District as of January 1, 2017. The current <br />abatement which is the subject of this AGREEMENT shall extend for a period of ten (10) <br />years beginning January 1, 2019 as set forth hereinabove in Paragraph 1.1 and as further set <br />forth hereinabove in Paragraph 3.1. <br />6.2 The abatement granted herein shall be subject to and governed by the POLICY <br />STATEMENT CRITERIA AND GUIDELINES for TAX ABATEMENT, a copy of which is <br />attached hereto as Exhibit F. OWNER shall comply with the requirements of Exhibit F in the <br />performance of this AGREEMENT, save and except that, in the event of a conflict between <br />the requirements of.Exhibit F and this AGREEMENT, this AGREEMENT shall control. <br />VII. <br />No Conflict of Interest <br />7.1 The OWNER represents and warrants that neither the PkoPERTY nor the <br />IMPROVEMENTS include any real or personal property that is owned or leased by a member <br />of the Planning and Zoning Commission of the City of Paris, nor by a member of the City <br />Council approving, or having responsibility for the approval of, this AGREEMENT. <br />VIII. <br />Conditions <br />8.1 The terms and conditions of this AGREEMENT are binding upon the parties <br />hereto and their successors and assigns. <br />P 10 <br />Do 011 <br />f ► i I►01 " �,; ► I F <br />ti OL101 I N <br />� 'INS M, AM I I1 I 1 <br />Ito WPI I I' 1M 1 1132 <br />