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(Updated 01-10-2022) POLICY STATEMENT CRITERIA AND GUIDELINES FOR TAX ABATEMENT week made available by one employer and added together to total 40 hours per week weFor example, fourteen (14) pare -time jobs made available by one employer when all such pan - time jobs added together require a total of 380 hours of work per wcek (but no such part- time arttime job requires 40 hours of work or more per week), will equal nine and one-half (9.5) FTE Jobs (380 hours divided by 40 hours per week equals 9.5). 3. FTE nobs do not require the e�lo�ee to receive benefits from the employer. , b Modernization The replacement and upgrading of existing facilities, which increases the productive input or output, updates thetecbnology, or substantially lowers the unit cost of operation. Modernization may result from the construction, alteration or installation of buildings, structures, fisted machinery or equipment, but shall not be for the purpose of reconditioning, refurbishing, relsai ", or deferred maintenance. Perso_nal Property 1 Machinery, equipment, tools, shelving or materials eligible under applicable law :For tax ^� abateme_nt, which can be removed from an authorized facility. I Property` Reai Property or Personal Property defined herein that is el�ble for tax abatement. _ ]Real Property _ The land within an Enterprise Zone or a Reinvestment Zone, together with all improvements and fixtures constructed or otherwise situated thereon. Tax Abatement The Tax Abatement Advisory Committee will be convened from time to time by the Paris Advisory Committee Economic Development Corporation to study, review and recommend tax abatements to the applicable Taxing Jurisdictions in the City of Paris and Lamar County, Texas. The Tax Abatement Advisory Committee will be composed of one person from each of the Taxing Jurisdictions: the City of Paris (the City Manager or designee), the County of Lamar (the County Judge or designee), Paris Junior College (the President or designee), the Chief Appraiser of the Lamar County Appraisal District, and the Executive Director of the Paris Economic Development Corporation. Recommendations from the Tax Abatement Advisory Committee shall be decided by majority vote of the representatives from the three taxing entities referenced above.µ