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GUIDELNES AND CRITER <br />OIA <br />MY F PARIS, TEXAS <br />APRIL 12,2021 <br />0"O.1V <br />21141it AIL� -VIMIUIP1 07 D'Do�s <br />URM 0 �10 0 �0219 '4'7=10_411 Mi I <br />WITIT W-70777MM-W =777t <br />investment threshold and comply with these Guidelines and Criteria. All applicants shall be <br />considered on a cm -by -case basis. <br />Act -meanslietroperty AedeveFo—pm—eff 'anif'I'aX AbatementTexu I ­axUdde Ann. 31241f) et, seq., <br />as amended from time to time. <br />A4:11i,l-n--Mili.,E-&221-121 <br />of tax abatement. <br />kpplicaut -means an owner of real property or his authorized agent locatedreinvestment zone or <br />proposed reinvestment zone who requests tax abatement in accordance with these guidelines, <br />But Year Value – means the: assessed value of eligible property on January 1, preceding the date of <br />execution. <br />Eligible Property - moms new sfteture or residential improvements located in a designated <br />Reinvestment Zone, <br />Modernization – means the replacement expansion and/or upgrading of single-family residential <br />improvements for the purpose of reconditioning, refurbishing or expanding a single-family residence. <br />placed into use by means other than or in conjunction with expansion or modernization. <br />property in a Reinvestment Zone may be eligible for tax abatement. <br />RevidentW Improvements - means the construction of now single-family residential structures and all <br />the appurtenances thereto, and includes modernization of existing structures. This term does not include <br />duplexes or multi -family structures. <br />Tatall Facility - means all improvements constructed. <br />07MUM <br />