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Bill, Aft, MI <br />-Thc City offtis, Texas (hmiu called the "CW) is committed to 0*0cing the <br />compatitiveness and the axPAwi0n Pofimfisl Of the City% manuhicturing industry; to attracting and <br />encouraging new manufacturing ind" and inveistment; to finproving dw City and its <br />infia;tructure Wbich aftrub and Supports dovftment, and, to expanding the tn b&..v <br />employment opportunities, and the overall NUWjtn of HW%%ey <br />sive consideTation. on a mwby-caa basis, to providing tax abatement aw4n1ing to ghk law to <br />the ownen of real property for projwu which stimulate economic growth and dk=jfic&jon in <br />the, Cll)� <br />Tax abatement beneft may be made aWable to industrial, minufActaft. distributicm, <br />anI service facties cwrm* in the City of locating fn the City if locateddeWpated <br />Enterprise Zone or Reinvestment Zone, New fimilities and structures as well as the &4=skm <br />and modem btation OfOxisling fROJINes and structum. will be considenA. Evaluation of a tax <br />abatemeM requW will be based on the information provided in he tax abwaent application. <br />However, the City is under no obligation to provide tax abatement to any applicarg, <br />IL Definitions <br />a) "Abatiii/ Ot" 01"1demcrit" met= -tax dat.AA ent". which is tk full orpartlal <br />exemption from ad valorem taxes of cejwn real and tangible personal pqwty in a <br />Reinvesftmt Zone designated for economic development purposes. <br />V'4 "Agreement" meang 6e written agreement for tax abatement between a property <br />owner and/or lessm and the City, <br />c) "AuthoTizcd Padlity". A faeffity may be eligible for abatement if it is a <br />Manuftoftwing. Facty, a RueardFacift <br />_C'miTr, <br />I I I I <br />4A 411 q <br />UP or 00" IMM year to Year as Pet Mnftons by the <br />LaMar C1unty Ajy,,.*wsal District. <br />