Agenda Packet - Laserfiche WebLink

Home Browse Search

(Updated 01-00-18) POLICY STATEMENT CRITERIA AND GUIDELINESOr TAX ABATEMENT waived, provided state law is filly complied with existingne local jurisWctions mcourage existing employers to retain as many jobs and as much : li.. taxingual payroll as is econornically feasible for the existing +<41 y 1 :n 1 : ',.. competitive 1 1...,. Greenfield projects in order o encourage 'kU-2.TfflaW-4" sfor immvements to real property and for new personal • rot: :1 authorized ►f A+.wsetforth • ..above shall be e1 for projects zxclusively involving greenfield properties, provided state law is fidly complied with. ° PrWM ...._ro,. :..;::,... iliry Any present or pa of taxable property in the TaxisgJurisdictions may t tax abatement by filing a written request with the City Manager or County Judgewitb a copy of the arcs al�cat'Executive. _Paris-EDC.— ��i _arofthe.P ,._._..,��.�� _...._.m�.�...M. -....... _ . Form The litxrston.j�MM a l oonsW of a comp application acco ied by the Wowing: 1. A 1 description of the ' eats o be toga with projected new value to the property and the type of business operation proposed, 2. A Iled, dmriptiw list of tle . tn4=vcmenft for which abatement is requested 3. A list of the kind, nurabar, ad location of all proposed inaprovements of the pr 4. A list of the number and type of jobs created, inrJuding information pertaining to anticipated S. job ftans&rs (if any), A nwtes wid bounds deamption mid plat of the proposed reinvestrnmt zone that abom all roadways; within 200 feet of the rainvestnNW ZOW and all existing zoning and land um within 200 fed of die reinvestrment zone. 6, A tim schedule for undertakins and compileting the 7. The type and value of any additional comornic development in=tives requested. g.Any other ed project as may be by the Taxing ' tit the jurisdictions or as deemed desirable y the Ta naJwJn ,m_ ... ..... W Review -._. 1 All applications ua%% ba initially revi by the PEDC executive director. PrWAW 2. An initial project brieFiNg meeting will be cceducted between thecompany's representatives, the PEDC executive director, the city manager, and the countYJ 3. The PEDC exmuive director will evaluate the regued for tax abatement in WcOrdance with these criteria &W guidelines and will nmko hisAw recommendation to the Paris City Council and L=W CourAy conummionm Court for their review and possible approval. 4. Aflerthe paris City Council bdefbd on the proposed tax aba=mt offer and they have directed the PEDC executive director to move forward, the Paris City Attorney will the initial tax abatement agreement for review by the PEDC Board and rePrewatatives of S. each Taxing J 'coon. Electronic versions of the City's abatement agrement will be provided to the County so all agreements have consistent language, terms and cvnditiow- 6. Followt4 review of tits draft agreenwrit, it will be sent to the applicant's legal counsel for review and commenL Any changes requested by the t= abatenmt applicant will be reviewed by the pEDC executive director and City Attorney - once the Agrgment is it will be placed on the PEDC Agenda for review and action 8. by the PEDC Board. Cance the Tax Ab ent t formally approved by the PEDC Board, the Agreement shaft be Wwarded to the payis City Council and Lamar County Commissionces Public H I Court for fin81 costs tion and action,.,,,blrc notices and hrings_ The Taxing Jurisdictions will wrA pa y eta as arod b mute law.u� P we R ..... _..Tax Abatement to