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21 - Resolution Terminating Paris Regional Medical Center Tax Abatement
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21 - Resolution Terminating Paris Regional Medical Center Tax Abatement
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5) ne PmPAi" prcjeds effect on flw snfivly, health, And morals ofte Chys <br />residents; <br />6) Whether the proposed projea will have any substantial long-term adverse effect <br />on the provision of City services or its tax bast; <br />7) WheMerik project meets all relavantuaflng requirements; <br />8) Whether the projed is consistent with tk comprehenisive plan ofte City or <br />Caurity of Lamar, and <br />9) The types and cost Of Public improvanents and services (water and sewer main <br />extensions, streets and roads, etc.) required of the City nd the types and values of <br />public improvements to be furnished by the applicant. <br />h) Economic Qualification. In ordcrto beebit to =4vt tax abatement, the <br />planned improvements., <br />1) Must be reasonably expected to inomr, the appraised value of the property; <br />2) Must be expected to pmvent the loss ofemployment or the reterWon or <br />ereation of Jobs in the City during the term of the agreement; <br />3) Should not be cxp=W to solely oy primarily have the cffect ofmcrely <br />transfMing existing emplopmen;t Ban one part of the Citylo anodw <br />without demonstration of kaustd f6ture Investawd (DoUars or Jobs) or <br />munuil circmistences whereby without mh a move employment. is likely to <br />be reduced; <br />4) Mum be neoessmy bemuse capacky cannot be provided efficiently uhlbing <br />existing improved Property when reasonable allowance is ma& necessary <br />improvements or mlevant govanumtel actions. <br />Tr'-2am—m WAS <br />1) Ile Bast Yew of eligible pr%wV as determined each yea by the Lamar <br />County Appraisal District sWI be fidly taxable, and <br />2) IIe additional value of e4ble property above the Bue Year Value ghall be <br />taxable in t1e manner (lescribed I agreement. <br />
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