Laserfiche WebLink
n) "Rai PropeW means the land within am Enkrow Zone or a RrAvestment Zone, <br />jagetbor vdth all improveyncra and fixUm constructed or otherwise situated thmm. <br />q) '!Regional Distribution Facility" means bungs and strucftuix� including &M <br />mwbinvy and equipment, used or to be used primarily to receive, Store, service, or distribute <br />7-3) 1 =F] 57*T5 <br />p) "Regional Tourist Entertainment Facility"mems buildinp and structures, including <br />fixed machinvy and equipment, used or to be used in providing armismmtkntertainment <br />through Ow admission of the general public where the majority of ums reside at lead ] 00 miles <br />ftm the, LIty and whem the majceity of us= we ftely to stay In the City for more than out day <br />and will therefore likely utilize local restmrants; and hottYmoft] accomodeflow. <br />q) "Reinvestment Zone" is an area what the City or County has decided to influeuce <br />uea through ft use of tax abatement fbr speced improvements. <br />r) I%esearch Facility" means buildings and structures, including fted Inwhinery and <br />equipment, used or lo be used primm* fbr research or aWimentation to improve or develop <br />new tangible goods or mataials or to improve oT develop the productionc 4thorew <br />pro c & = <br />s) "Tax Abatement Committee memo the committee of persons desiJI. ted from time <br />to time by the Pari's Emomic: Development CorpondiIII to sUdy, review and recommwd twc <br />abatement to the applicable toring enes in the community, 7he Twt Abatement Comynktoc <br />will be composed of cm pe;= from eta ofibc City (the City M=W or designeeX the <br />County of Law (the Courtly Judge or desipce� Paris Junior College (ft Presidew or <br />designee), the Chief Appraiser of the lAnm County Appraisal MvWct, anid the Executive <br />Dhaor of the Paris Economic Development Corporation. <br />m, Dcsipation of a Reinvesbant Zen& <br />The City or County may designate an arva as a Reinvestment Zone, in acCordance with <br />the criteria and procedurW requirements set Ant in the Property RzdcycloWeat & Tax <br />Abatement Act, as amended (Tun Tax Code Soo. 312.401 (b)). <br />For my am whMn thejurisdiction of the City to be eflipble Ir "A tax aMement it mug <br />meet the critzie for dw4nation as a tax abstment Reinvestment Zone as set forth In the <br />Property Redevelopment and Tax Abatement Act, Tom Tax Code Chapter 312. <br />