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�74 217" <br />no -u= <br />Contract <br />Review, <br />IV* T <br />4W fj-W)1C-o4 <br />1 <br />(Updated 01-08-18) <br />POLICY STATEMENT <br />CRITERIA AND GUIDELINES FOR TAX ABATEMENT <br />were contu ea in <br />by which the original agreement was approved and executed., The original agreement, however, <br />may not be moded to extend the term of the agreement or the term of the abatement granted <br />1. h -a -ch -Taxing J&Crvdi—ctj-on--sha1F6e res—porisiffl-e-fo—rl-ie�adm—uumzuon, review, and monitoring or <br />tax abatement agreements authorized by them Taxing Jurisdictions under these Policies, <br />Criteria and Guidelines. These responsibilities shall include awmally veri6ing participants in <br />tax abatement agreements are in full compliance with the terms of the agreement, including <br />compiction and submission of all required documents in a timely manner. <br />2. The Paris City Attorney shall expeditiously advise the Taxing Jurisdictions in writing of any <br />instances of contract non-compliance by tax abatement peorticipants. In addition, the Paris City <br />Attorney shall, on an annual basis, conduct a performance review of the activities of each tax <br />abatement participant and report the findings of such review to the leadership and governing <br />bodies of each taxing entity. <br />3. The Taxing Jurisdictions' governing bodies shall retain the right to independently review and <br />audit the activities of tax abatement participants, and shall be responsible for enforcement of <br />the terms of any tax abatement agreement authorized hereunder. <br />4. Annually the Paris City Attorney shall report to each of the governing bodies on its <br />moriftlo and conapliaqp5.�ities and the status of all exis abatement t , <br />pn?enls, .......... . . <br />