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(II RI.eadopted 01-13-2020) <br />POLIC11Y STATEMENT <br />CRITEIZIA AND GUIDELINES FOR TA-'K ABATEMENT <br />designation of a reinvestment zone and execution of a tax abaternent agreement. <br />2. The lead"I"axing Jurisdiction (typiadly the City of Paris) may adopt an ordinance designating a <br />tax abar=ent reffivestmentzone only after notice of a public hwiring has been published at <br />least ,-wven, (7) days before the date of the hearing <br />and aH (.Aher procedural requirt-anents of <br />q,�2 oftheTexas Tax Code, have been satisfied. <br />........... . . ....... <br />Findings En circ vir to enterinto an agreement, the Taxing Jurisdictions mwst find that: <br />t. Tlae ternis of the proposed agreement comply with these Policies, Criteria, and <br />Guidelines,, <br />I There will The no substandal adverse effect on time pravrisioin of Taxing,jurisdictions' services <br />or tax. base,. <br />I 11at the planned usse of the property will not consfitute a bazard to public safiety, healdi or <br />morals. <br />4a Incident to approval of any ordinmice desig <br />.,nating a reinvestment zone, the '77axing <br />Jurisdictions sly: fid that the im1wovernents sought me feasible anti pTactical and would be a <br />benefdt to the ilan.d to be included in. the reffivestment one anct to time "t"axing Jurisdictions <br />after the expir,ation of the reernrnt. <br />.. ................. . . . ..... . .. . ..... . <br />umri <br />ances Re� -variance fi-om the provisions of these Policies, Criteria and Guidelines may be n.11ade <br />in vaiting to the 'Taxing Jurisdictions; provided, however, that iin no event shall the (ei m. of any <br />abatement exceed, the pffiod authoirl.,zed by app lic6le state law., Such. request -,hall inchade a <br />complete description. of the circumstances rexlybing a variance. Approval of a request for variance <br />shafi require the affih-mative vate of thme-46wihs (,3/4) of the niernbers of each of the Taxing <br />kwisdic,tio i4qypn <br />Ills_ jit:t��_�odv. <br />. .. . .............. . . . . ........ . . . ........ .... . . ........... <br />Prcqused The adoption of these Policies, Crited'a and Guideu h-es by theTaxing hrisdictiow, does not hmit <br />Agreements the discretion of de Taxing Jurisdictions' gciverning barn di.es to decide Whether 'to enter into a <br />Decided on bWxific tax abatement agreement. Nor does it limit ffieir discretion, to delegate to their employees <br />IndividiiW the authorill-ly to detertnine 'whether or not the Taxing Jurk-Aiction. s1bould consider a particular <br />Basis application or request for tax, abatement, or craatc any propedy, contract, or other legal right, fia any <br />person or entity to have the Ta.prom ghirisAbirtion, consider or gapmt a sipecified application or request <br />oTt�abate=ent. <br />- --l-11- -- . . . ...... ... . . . . ............ . ................ . . . <br />VITI—A-bmint emest Agreememit Terms and Conditions. <br />Appendix B provides many of the terms and oonditions to be included in, any fonnal tax <br />abatement legal agreement. <br />LX'. Amendments to Policies, Criteria and Guldefines <br />These Policies, Criteria and Guidelines are ef%ctive f a two (2) year period ftonn the date of <br />thlti,r adoptior4 unless amended earlier by the affir-Imative vote of three fiburt.1-is (3/4) of" brine <br />members of each governing body (Cify, Coimty). <br />For a to abatement application or additional hiformatinom contact: <br />Pans Economic Develolpmetat Corporation. <br />11.25 Botffiatn Street <br />Paril.&,, "I"exas 75460 <br />Ph(mcr 903 784 -6964 - <br />Fax: 903-784-2503 <br />Website: www.iiaristexas-Lisa.com <br />...... ... . ... ... ........ .. <br />