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The City, <br />through Council,may 1viliftwith theowner 1 1: *ter,. '.1 <br />tanble Real Property/ M,:' 1 1 IA Zone, 1 not 1 11 •11 1 e.': e1': <br />f nM ,h -/ Ytax Increment 11 1 / to p f f I taxation in. portion of the value1 `: 1 <br />Pjal Property, <br />I...t.I 1' ofPersonalPro"located an the Real Property,or both. <br />abatement granted aunder'Ir'agreementl exceedthe termauthorized by I <br />r <br />agreementwill be based on 11 R if { the owneror 1': Property <br />specific /r repairs Tthe Property. A 'J .rm.I ►m provide for theti a f! 1 1 <br />ofthe Real ! <br />pmty in each year covered by the aSrmuW only to the extent its value for that <br />year exceedsAnaucement may provide 1..:. exemption4 personal <br />PrVerty : • n 1 1on the Rol Property inend yearcovered bythe agreement Cr than ♦ 11 <br />Property <br />'1 1 that waslocated eI 1 1RealProperty at anythebefore the period co"Wed <br />by the <br />agreement, Inventory or supplies canot be abated as PenmW Property. <br />Tax abatement may only be granted for additional value of eligible Property <br />improvements 1and specified A an •.1;K 1.1ragreement betw= the City AtA <br />the /11 n ownerorlessee subject tosuchI f, f.las the <br />City may require. 71m <br />additional <br />value must exceed 1reduction 1he fair market vAlueof other pro"of theowneralready <br />1'. tax roleith ^1 HI 1 the City.ChangeY:appraised value does , r 7r:' <br />abatement wl in an instance whenMey-iouslN vacantAuthorized Facil <br />er <br />added to the tax rolls,'; come 1 r Rcapital.! 7m:;! <br />The negotiation of tax abatement contracts will be conducted by the Paris Economic <br />Development Corporation, in 00nJunction with the City MwuW or designee to the TaX <br />Abatment Committee. In determining wbac and how tax abatement, will be utilized, the Tax <br />Abatement. /vl l ill - potential remm,on thepublics{ nl i Return 1; 1;`; <br />public investment will be measured I 1w IR:= 1 Jobs Mto Jobs rt a 1' Y. <br />ses of <br />existingEmployers 1 1".the City,and broadening LI ll ! : the taxbase, and expansionof the <br />economic !• <br />property owner and/or shall Ialigiblo fortax abatementonly ,!:1 the <br />following terms and conditions: <br />b) If the Property Involved is a Historic Property. in the City Historic Districts them an <br />1 «♦ NLR-Ur r r --76 <br />r I 7LX -z-ow. <br />1 11 fI' <br />distdcts am allowedatFI`, forKIyears with a minimumI w 11.r of 0 for <br />and 10.000 2-r commerci <br />.. 1 �: 1 � ♦ I I IIF+ ♦ 1 v 1: l y -�: 1 1{. rs.., F F `::: .+ .I r 7 1 <br />r `r <br />