21 - Resolution Terminating Paris Regional Medical Center Tax Abatement

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createde) If a newly businesso .I wY. f, Mll locate within an Enuq)dse Zone, additional 10 to 20% abatement may be available as individually negotiated, with toml abatement not'i1 exceed 11 The City recopizes the valueof .Y* Employers `• the well-beingof the community 1 1 desires1emoDurageEmplwym to remain the and 1 improve 1 theft respwft businesses and industries, as well as thtirprofitability. Accordinglyj ifan existing 1 • 1'•..i(asopposed toa newly craged business or industry into 1 owns{..:.kases1 f I 1Facilityandhasplans toimproveu t Propiertyby 1' 11 1 1 ng 1 ! 1 r l ''. f 1 1♦ 1 1 11 i l 1 Facility which qualify for tax Iq:! r 1 under these Oitcria and Guidelines,1 Employ.. may be cligibic %1, abatement with mspeaX:such11: 1 ! r! t'rl 1 : to its propety or its Newly Created Minimum Annual Payroll aro cremed. to these cases Involving existing Employw, the criteria fbr tax abateirient for Improvements to Real Property at Authorized Facilities are Identical to tW set forth in Article V above (except that no new Jobs or Newly CreatedMUmurnAnnual!ll are required);and the criterfe•1tax abatement for new Payrollpersonal Property added to AuthorizW Facilities am Idenficial to that set forth in Article VI Above (except that no new Jobs or Newly Cmted Minimum Annud Payroll are required). in this rel;W, however. the City encourago misting Employers to Wain as many Jobs and as much axisting Annual as is WAMomicallyfor theexistingEmployerto doand remain /industry. Eligibility. prescril or potential owner 1 taicable property :,. copy 1the sidd application t1•' Itirwarded by the applicant to the Executive i I s 1 of the Pads Emomic Deytiopmew 1:'. If Id". 1 Form. le application consistWi Ia complaWappliration form :.. r 1 1 1. ,.. td by the i1 { descripdon9 improveirm to be 1 e' , d 1 a 1 rlwith the 2) A detailed descriptive list of the improvements for which abatement is rq+....: 3) A list of1he kind, number, and location of all proposed Improvements ofths Property;