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(Updated 01-08-18) <br />POLICY STATEMENT <br />CRITERIA AND GUIDELINES FOR TAX ABATEMENT <br />designation of a reinvestment zone and execution of a tax abatement agreement. <br />2. The lead Taxing Jurisdiction (typically the City of Paris) may adopt an ordinance designating a <br />tax abatement reinvestment zone only after notice of a public hearing has been published at, <br />least seven (7) days before the date of the hearing, and all other procedural requirements of <br />. . . ..... of the Tex" Tax Codehave been satisfied. <br />. . ........ ...... - -------- <br />Findings In order to enter into an agreement. the Taxing Jurisdictions must find that: <br />I . The terms of the proposed agreement comply with these Policies, Criteria and <br />Guidelines. <br />2. There will be no substantial adverse efrect on the provision of Taxing Jurisdictions' services <br />or is base. <br />3. That the plaruied use of the property will not constitute a hazard to public safety, healtb or <br />morals. <br />4. Incident to approval of any ordinance designating a reinvestment zone, the Taxing <br />Jurisdictions shall find that the improvements sought are feasible and practical and would be a <br />benefit to the land to be included in the reinvestment zone and to the Taxing Jurisdictions <br />after the expiration of thm�eeT.. <br />Varianues Requests for variance from the provisions of these PoEciies, Ciniteria and Guidelums may be made <br />in writing to the Taxing Jurisdictions; provided, however, that in no event shall the term of any <br />abatement exceed the period authorized by applicable state law. Such request shall include a <br />complete description of the circumstances requiring a variance. Approval of a request for variance <br />sW] require the affirmative vote of dutm-fourths (314) of the members of each of ffie Taxing <br />.. . . ...... <br />Proposed The adoption of these Policies, Criteria and Guidelines by the Taxing Jurksdirtions does not limit <br />Agreements the discretion of the Taxing Jurisdictions' governing bodies to decide whether to enter into a <br />Decided on specific tax abatement agreement. Nor does it limit their discretion to delegate to their employees, <br />Individual the authority to determine wbelher or not the Taxing Jurisdiction should consider a particular <br />Basis applicatim or request for tax abatement, or create any property, contraot, or other legal right in any <br />pemn or entity to have the Taxing Jurisdiction consider or grant a speced application or request <br />for tax abatekment. <br />--- — --------- <br />Vill. Abatement Agreement Terms and Conditions. <br />Appendix 13 provides many of the terms and conditions to be included in any forinal tax <br />abatement legal agreement. <br />IX. Amendments to Policies, Criteria and Guidelines <br />These Policies, Criteria and Guidelines are effective for a two (2) year period from the date of <br />their adoption, unless amended earlier by the affirmative vote of three-fourtbs (3/4) of the <br />members of each governing body (City, County). <br />YOr 8 taX RDIVe-went KpjTj1Wj-nU"f7e--t <br />Paris Economic Development Corporation <br />1125 Bonham Street <br />Paris, Texas 75460 <br />Pbone: 903-784-6964 <br />903-784-2503 <br />A,batemenl or Tax fUll W tlll CUM, 60r, frorn� ad valoreeh, of ceitlin is and WrjMe peiN»nal <br />VA <br />