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<br />CITY OF PARIS, PARIS, TEXAS <br /> <br />GUIDELINES AND CRITERIA FOR <br />REINVESTMENT ZONE NUMBER Four <br /> <br />I. Purpose and Objective <br /> <br />The City of Paris is committed to the promotion of <br />quality development in all parts of the city and to an <br />ongoing improvement in the quality of life for its citizens. <br />Insofar as these objectives are generally served by the <br />enhancement and expans ion of the local economy, the City of <br />Paris will, on a case-by-case basis, give consideration to <br />providing tax abatement incentives as a stimulation for <br />economic development in Paris. It is the policy of the City <br />of Paris that said consideration will be provided in <br />accordance with the procedures and criteria outlined in this <br />document. However, nothing herein shall imply or suggest <br />that the City of Paris is under obligation to provide any <br />incentive to any applicant. All applicants shall be <br />considered on a case-by-case basis. <br /> <br />II. Criteria for Tax Abatement Incentives <br /> <br />The <br />determine <br />granted: <br /> <br />following <br />whether <br /> <br />threshold criteria shall be <br />any tax abatement incentives <br /> <br />used <br />shall <br /> <br />to <br />be <br /> <br />1) The proposed development, redevelopment or <br />modernization must prevent the loss of a significant <br />number of jobs which initially could be as much as 100 <br />or as little as 20 and the institution of a hiring <br />policy to promote among equally qualified job applicants <br />the hiring of employees first from within the Enterprise <br />Zone, second from within the corporate limits of the <br />City of Paris, and third from within the County of <br />Lamar, State of Texas, subject to the laws and <br />regulations of the United States of America and the <br />State of Texas and subject to any labor contracts <br />currently in effect and any successive contracts or past <br />practices. <br /> <br />2) An investment of at least $19,032,000 in <br />property improvements is required. <br /> <br />3) Th e <br />requirements. <br /> <br />project <br /> <br />meets <br /> <br />all <br /> <br />relevant <br /> <br />zoning <br /> <br />4) What types and cost of public improvements and <br />services (water and sewer main extensions, streets and <br />alleys, etc.) will be required of the City? What types <br />and values of public improvements, if any, will be made <br />by the applicant? <br /> <br />EXHIBIT A <br />