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(Readopted 01-13-2020) <br />POLICY STATEMENT <br />CRITERIA AND GUIDELINES FOR TAX ABATETV.-FEVII <br />C <br />11 <br />;to C -11M a I.Aie It <br />11 <br />Modificatio <br />Kid- 1''.! <br />of Agreement <br />11-6--u=rlo '1"'+!l e'l11'1 or 1 c term ofRe abatement granted <br />tIl` icin beyond the time pqp#qq4 1State law. <br />mav be <br />0 <br />1 ,►al -121, rc;Icn;' L 11101k1ATJPkj' Orr - <br />Contract <br />tax abatement agreements authorized by them Taxing Jurisdictions under these Policies, <br />Review, <br />Criteria and Guidelines. These responsibilities shall: f annually verifying participants in <br />Monitoring and <br />tax abatementagreements are in fiffl compliance with the terms of the agreement, including <br />Reporting <br />completion and submission of all required documents in a timely man=. <br />The Paris City Attorney shall expeditiously advise the Taxing Jurisdictions in writing of any <br />12. <br />MSU=es of contract non-compliance by tax abatement participants. In addition, the Paris city <br />Attorney shall, on an ammal basis, conduct a performarm review of the activities of each tax <br />abatement participant and report the findings of such review to the leadership andgoverning <br />bodies of each taxing entity. <br />I The Taxing Jurisdictions' governing bodies •, 1: retain the right to independently review and <br />audit the activities of tax abatement participants, and shall be responsible for '1 T' of <br />the term of any tax abatement agreement authorized hereunder. <br />4. Annually the Paris City Attorney shall report to each of the governing bodies on its <br />monitoring and compliance activities and the status of aH existing abatement agreements. <br />11 <br />