1990-047-RES WHEREAS, the City Council of the City of Paris to promote economic development within the corporate of

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IV. ~plication Procedures Any person, organization or corporation desiring that the City of Paris provide tax abatement incentives to encour age the i r location or expans ion of oper a t ions wi th in the city limits or the extraterritorial jurisdiction of Paris shall be required to comply with the following application procedures. However, nothing within these guidelines shall imply or s ugges t that the City is under any obI iga t ion to provide any incentive to any applicant. Any applicant desiring tax abatement incentives shall file an application request which shall include at least the following information: 1) A plat showing the precise location of the property, all roadways within 200 feet of the site, and all existing zoning and land uses within 200 feet of the site. 2) If the property is described by metes and bounds, a complete legal description should be provided. 3) A brief description of the proposed improvements or expans ion and its pro j ec ted cos ts; the type of business operation proposed; the number and type of jobs created, including information pertaining to anticipated job transfers, the projected date of operation; and the type and value of any economic development incentives requested. 4) Any other information about the proposed project as may be required by the City or as deemed desirable. Once the application has been received, the information submitted will be reviewed by the City Manager for completeness and accuracy. The City Manager will then distribute the application to the appropriate department heads for internal review and comments. Following staff review, copies of the complete application package and staff comments will be provided to the City Council and to other taxing entitled that may be willing to participate in offering tax abatement incentives. Generally, the City Council, staff and other taxing entities will discuss the proposed application at a work session prior to its formal cons ider at ion by the Counc il. Following the wor k sess ion, the City Manager may be requested to obtain other information prior to further consideration of the application. At a subsequent regular City Council meeting, the application for any tax abatement incentive may be considered. The City will comply with certain public notice and hearings are required as mandated by state law under the Property Redevelopment and Tax Abatement Act pr ior to the designation of a reinvestment zone and execution of a tax abatement agreement. Prior to final approval, all legal documents to effect such reinvestment zone(s) and tax abatement agreements shall be drafted and approved by the City Attorney.