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. . . . . . . . . . 1:'. . . . . . . <br />FMPIoycr, lot eA:J.LL "'Ij UMI <br />the mw wiffi such inibrmalion a my I to &*Miw the MUM9 Of any <br />abMeine <br />once such value has bwn egablislied, it Chief APPWWZ $hall nOdfY the affecW <br />soclions whieb levy taxes on surh Property and the, Pods Econ=ic Developmem <br />Corporation. <br />The Employer. owner or lessee oftfigible Property requesting tax abatumt witbin a <br />Rckvgftcnt Une shall, prior to the; coriimencerrient of eligible property impmements, agree <br />erw7 obs, <br />to expend a 64griated sum ofmOM7 and to create OF ietain a c m number of) of annual <br />payroll as forther defined below. <br />V. Tax Abstewtat for Real Property; Creation of Jobr. <br />Tox abgtonem may be made available to Employan creating Jobs with respect to an <br />AutbMized. yuflky located anywhere wn the CRY Or its extra kmiWl] jurisdiction based <br />on the followinr- <br />a) To be eligible for any ux abatement, 0= must be a roininum caphal Inveftelit In Ole <br />Audxffbctd Facility of $250,000 and at lead tan (10) new Jobs added to the EmployeA labor <br />form b) I When an abatment percentage has ben agreed upon it sMIT be granted for yams <br />one (1) tbmugh thi= (3); dMader, d9ft will be a 20% reduction in the original amount aboad <br />bc&mipg with year fbUr (4) and a simMer reduaicin of20% in each of the nt7A OM yeBrs until <br />100% of the Real PropertY valuation is added to the tax rolls' <br />