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<br />hearing, and all other procedural requirements of Chapter 312 of the Texas Tax Code have been <br />satisfied. <br /> <br />e) Findings. In order to enter into an agreement, the City must find that the terms of the <br />proposed agreement comply with these Guidelines and Criteria, that there will be no <br />substantial adverse affect on the provision of City services or tax base, and that the planned use <br />of the Property will not constitute a hazard to public safety, health or morals. Incident to <br />approval of any ordinance designating a Reinvestment Zone, the City shall find that the <br />improvements sought are feasible and practical and would be a benefit to the land to be <br />included in the Reinvestment Zone and to the City after the expiration of the agreement. <br /> <br />fj Variances. Requests for variance from the provisions of these Guidelines may be <br />made in writing to the City; provided, however, that in no event shall the term of any <br />abatement exceed the period authorized by applicable state law. Such request shall include a <br />complete description of the circumstances requiring a variance. Approval of a request for <br />variance shall require the affirmative vote of three-fourths (3/4) of the members of the City <br />Council. <br /> <br />IX. Agreement. <br /> <br />After approval, the City shall formally pass an order or resolution and authorize the <br />execution of an agreement with the owner and/ or lessee of the Authorized Facility which shall <br />include, but not be limited to the following terms: <br /> <br />a) The Base Year Value; <br /> <br />b) Percent of increased value to be abated each year; <br /> <br />c) The commencement date and the termination date of abatement; <br /> <br />d) Amount of investment and average number of jobs involved during the term of the <br />agreement; <br /> <br />e) The proposed use of the Authorized Facility, nature of construction, time schedule, <br />plat, property description, and improvement list, as provided in the application; <br /> <br />fj A listing of the kind, number, location, and costs of all proposed improvements of the <br />Property; <br /> <br />g) A statement limiting the uses of the property consistent with the general purpose of <br />encouraging development or redevelopment of the Reinvestment Zone during the <br />period that property tax abatement is in effect; <br /> <br />h) That access to the project is provided to allow for the inspection by City inspectors <br />and officials in order to ensure that the improvements or repairs are made according to <br />the specifications and conditions of the agreement; <br /> <br />i) That property tax revenue lost as a result of the tax abatement agreement will be <br /> <br />10 <br />