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<br />2) Types and cost of public improvements and services (water and sewer main <br />extensions, streets and alleys, etc.) required of the City. Types and values of <br />public improvements to be furnished by the applicant. <br /> <br />III. Types of Incentives <br /> <br />It is the intent of the City of Paris to customize the offering of tax abatement incentives on <br />a case-by-case basis. This individualized design is intended to allow maximum flexibility in <br />addressing the unique concerns of each applicant while enabling the City to better respond to the <br />changing needs of the community. <br /> <br />The criteria outlined in Section II above will be used to determine whether it is in the best <br />interest of the City of Paris to provide any tax abatement incentives to a particular applicant. The <br />degree to which the specified project furthers the goals and objectives of the City of Paris and the <br />relative impact of the specified project will be used to determine the total value of the tax <br />abatement incentives provided. As a general rule, no tax abatement will be provided to any <br />applicant in an amount exceeding the value of the following: <br /> <br />No tax abatement incentive shall be provided which abates more than 100% of the <br />estimated total tax increase to be levied on the proposed property improvements <br />and such abatement shall not exceed a term of seven (7) years. <br /> <br />IV. Application Procedures <br /> <br />Any person, organization, or corporation desiring that the City of Paris provide tax <br />abatement incentives to encourage their location or expansion of operations within the city limits <br />or the extraterritorial jurisdiction of Paris shall be required to comply with the following <br />application procedures. However, nothing within these guidelines shall imply or suggest that the <br />City is under any obligation to provide any incentive to any applicant. <br /> <br />Any applicant desiring tax abatement incentives shall file an application request which shall <br />include at least the following information: <br /> <br />1) A plat showing the precise location of the property, all roadways within 200 feet <br />of the site, and all existing zoning and land uses within 200 feet of the site. <br /> <br />2) If the property is described by metes and bounds, a complete legal description <br />should be provided. <br /> <br />3) A brief description of the proposed improvements or expansion and its projected <br />costs; the type of business operation proposed; the number and type of jobs <br />created, including information pertaining to anticipated job transfers; the projected <br /> <br />GUIDELINES & CRITERIA - Page - 2 <br />