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Proposed <br />Agreements <br />Decided on <br />Individual <br />Basis <br />(Updated 01-10-2022) <br />POLICY STATEMENT <br />CRITERIA AND GUIDELINES FOR TAX ABATEMENT <br />9 <br />the designation of a reinvestment zone and execution of a tax abatement agreement. <br />The lead Taxing Jurisdiction (typically the City of Paris) may adopt an ordinance designating <br />a tax abatement reinvestment zone only after notice of a public hearing has been published at <br />least seven (7) days before the date of the hearing, and all other procedural requirements of <br />Chaliter 312 of the Texas Tax Code have been satisfied. <br />In order to enter into an agreement, the Taxing Jurisdictions must find that: <br />1. The terms of the proposed agreement comply with these Policies, Criteria and <br />Guidelines. <br />2. There will be no substantial adverse effect on the provision of Taxing Jurisdictions' services <br />or tax base. <br />3. That the planned use of the property will not constitute a hazard to public safety, health or <br />morals. <br />4. Incident to approval of any ordinance designating a reinvestment zone, the Taxing <br />Jurisdictions shall find that the improvements sought are feasible and practical and would be <br />a benefit to the land to be included in the reinvestment zone and to the Taxing Jurisdictions <br />after the expiration of the a Bement. <br />Requests for variance from the provisions of these Policies, Criteria and Guidelines may be made <br />in writing to the Taxing Jurisdictions; provided, however, that in no event shall the term of any <br />abatement exceed the period authorized by applicable state law. Such request shall include a <br />complete description of the circumstances requiring a variance. Approval of a request for <br />variance shall require the affirmative vote of three-fourths (3/4) of the members of each of the <br />Taxin�i Jurisdictions' �ryoverninv body. <br />...... .............................. --- wm <br />The adoption of these Policies, Criteria and Guidelines by the Taxing Jurisdictions does not limit <br />the discretion of the Taxing Jurisdictions' governing bodies to decide whether to enter into a <br />specific tax abatement agreement. Nor does it limit their discretion to delegate to their employees <br />the authority to determine whether or not the Taxing Jurisdiction should consider a particular <br />application or request for tax abatement, or create any property, contract, or other legal right in any <br />person or entity to have the Taxing Jurisdiction consider or grant a specified application or request <br />for tax abatement. <br />VIII. Abatement Agreement Terms and Conditions. <br />Appendix B provides many of the terms and conditions to be included in any formal tax abatement <br />legal agreement. <br />DL Amendments to Policies, Criteria and Guidelines <br />These Policies, Criteria and Guidelines are effective for a two (2) year period from the date of their <br />adoption, unless amended earlier by the affirmative vote of three-fourths (3/4) of the members of <br />each governing body (City, County). <br />For a tax abatement application or additional information contact: <br />Paris Economic Development Corporation <br />1125 Bonham Street <br />Paris, Texas 75460 <br />Phone: 903-784-6964 <br />Fax: 903-784-2503 <br />Website: wvaw_,_ L)qj ste asusc.,coin <br />Email: [ sedc(&paristexasusa.co <br />