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Paris, Texas Economic Development Corporation <br />POLICY STATEMENT <br />CRITERIA AND GUIDELINES FOR TAX ABATFMENT <br />3. The amount of the abatement sho be bjtWA up . . ..... -"- .. ....... .. <br />on a percentage (0 to 71t%) of all or IN <br />portion Otthe eligible property within t6 authicrized facility, <br />4. Abatements may only be granted fbr the additional value of eligible Mal MA personal <br />POPWY iluVrvvernellts made P=uant to and listed in tJw agreement between the city and <br />PrOWLY 0wftW and/or leace, subject to such jIIF Wons as the Ctty mo require. <br />5. Real propeAy tax abaternerit may be Winded only to the wont that its vWw ft each ym of <br />the sgree1o`4 exceeds Its value fbr the year in which the osmwent is execaw. <br />6- lfa modern'zat'00 Proled includes the T01311100fumt Of improvements within an authodzed <br />lkzilky. the value eligible ft abdernent shall be the value ofthe new unit(,X Im the value of <br />therepkcedunft(c. <br />L <br />.crwa u:5ed to <br />Abatement j1DYo <br />Evaluation Limited to., evit Udc R PrOPOSel PrOJOCI aPPlication for abatment incia-des0bu-t-j"s-, <br />I. The dollar amoLmt Of the incjugie in ;f roll, <br />numW Ofjcb$ crexted or retained by ft employer involved. <br />3. 7le poodble affect cm afteting other taxable impriovemeM fift the City. <br />4. The nabre of, and overal I effect on the City. <br />5. 7be effect an the W*, health, and moral$ Ofthe CiVs residents. <br />6. Any substmtW long-kTm adveme Off"t On the PrOvisitln Of City Services or its tax b <br />7. Meeting all relevant zoning reqWments. 890 <br />8- C`owimft with " cOmPrehmin plan of1he City or Comity ofL4MJtr. <br />9. The ty" and cost of public iMPTUVarieft and services (water and sewer main extensions. <br />street$ and roads, etc.) iquired of the C'kty. <br />---------- <br />