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<br />4) the nature of the proposed project and its overall effect on the community; <br /> <br />5) the proposed project's effect on the safety, health, and morals of the City's <br />residents; <br /> <br />6) whether the proposed project will have any substantial long-term adverse <br />effect on the provision of the City's services or its tax base; <br /> <br />7) whether the project meets all relevant zoning requirements; <br /> <br />8) whether the project is consistent with the comprehensive plan of the City <br />of Paris; and <br /> <br />9) the types and cost of public improvements and services (water and sewer <br />main extensions, streets and alleys, etc.) required of the City and the types <br />and values of public improvements to be furnished by the applicant. <br /> <br />g) Economic Qualification. In order to be eligible to receive tax Abatement, the <br />planned improvements: <br /> <br />1) must be reasonably expected to increase the appraised value of the <br />property; AND <br /> <br />2) must be expected to prevent the loss of employment, retain, or create <br />employment on a permanent, full-time basis in the City during the term of <br />the Agreement; AND <br /> <br />3) should not be expected to solely or primarily have the effect of merely <br />transferring existing employment from one part of the City to another <br />without demonstration of increased future investment (Dollars or jobs) or <br />unusual circumstances whereby without such a move employment is likely <br />to be reduced; AND <br /> <br />4) must be necessary because capacity cannot be provided efficiently utilizing <br />existing improved property when reasonable allowance is made necessary <br />improvements or relevant governmental actions. <br /> <br />h) Taxability. During the term of the Agreement, taxes shall be payable as follows: <br /> <br />1) the Base Year Value of eligible property as determined each year shall be <br />fully taxable; and <br /> <br />-4- <br />