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<br />In addition to the threshold criteria, the following shall be considered: <br /> <br />1) The project is consistent with the comprehensive plan of the City of Paris. <br /> <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. <br /> <br />The City may abate taxes on the increase in value of real property improvements and <br />eligible personal property that locate in a designated enterprise zone. The level of abatement shall <br />be based upon the extent to which the business receiving the abatement creates jobs for qualified <br />employees, with qualified employee being defined by the Act, in accordance with the method for <br />awarding points described in Section II (3) hereof. <br /> <br />Abatement percentages will be awarded depending upon points collected in <br />the following categories for new and expanding-existing industries: <br /> <br /> Points <br />Year 250 to 600 601 to 1.000 1.001 or more <br />1 100% 100% 100% <br />2 75% 100% 100% <br />3 50% 100% 100% <br />4 25% 75% 100% <br />5 10% 50% 75% <br />6 0% 25% 50% <br />7 0% 10% 25% <br /> <br />Rehabilitation will be given preference over new construction. No tax abatement incentive <br />shall exceed a term of seven (7) years. <br /> <br />GUIDELINES & CRITERIA . Page 2 <br />