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15 - Agreement to terminate a tax abatement with T& K Machine, Inc. (Aequs Aero Machine, Inc)
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15 - Agreement to terminate a tax abatement with T& K Machine, Inc. (Aequs Aero Machine, Inc)
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Paris, Texas Economic Deve)opment Corporation <br />POLICY STATEMENT <br />mn-t' m- a—y- !!R!1'F , " andJab!q"!!p#C4" . ...... <br />mr2q .-- —I"', - <br />be made avdilable to enVloYm who am creatingjabs. and in C M "''69'—ne—W "PI I <br />With MpeCt tD AN AAO&Cd facility lWaled anywhem within the City orits <br />ft following criteri& ex" tgrTitorilkl jurisdiction based an <br />L To be eligible for any tax abateMmt, Ojere mustbe a minimum capital invagmealn the aulorizLd facility <br />S250.000 and at kast ton (10) newjobs added to the employees jgbDr ibme. Ile dunt below provides <br />dared i <br />tqw-kbe-.- 10,440151 for tax abatm�-4ct. <br />tr A I I <br />1.1# <br />2- When an Ab2t"afn=tP0rcahta98 has been agreed UPon it shan bcgrauted busd On th6lbilowing sobedule. TVs <br />chart does not imply that 100% of the valuation will be abated, ltrofm to the ratio of the ggmr <br />abatement. d.tc <br />"!n , <br />Y 100% <br />Year 4 <br />eariA <br />ValuatiDn full, back on <br />H <br />......... <br />..... <br />. .. ... .. <br />2- When an Ab2t"afn=tP0rcahta98 has been agreed UPon it shan bcgrauted busd On th6lbilowing sobedule. TVs <br />chart does not imply that 100% of the valuation will be abated, ltrofm to the ratio of the ggmr <br />abatement. d.tc <br />"!n , <br />Y 100% <br />Year 4 <br />eariA <br />ValuatiDn full, back on <br />H <br />
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