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<br />umeasonably interfere with the construction and/ or operation of the Authorized Facility. All <br />inspections will be made with one or more representatives of the company or individual and in <br />accordance with its safety standards. <br /> <br />Upon completion of construction, the City shall annually evaluate each Authorized Facility <br />receiving abatement to ensure compliance with the agreement and report possible violations of <br />the agreement to the City Council. <br /> <br />XIV. Modifications of Agreement. At any time before the expiration of an agreement made <br />under these Guidelines, the agreement may be modified by the parties to the agreement to <br />include other provisions that could have been included in original agreement or to delete <br />provisions that were contained in the original agreement. The modification must be made by <br />the same procedure by which the original agreement was approved and executed. The original <br />agreement, however, may not be modified to extend the term of the agreement or the term of <br />the abatement granted therein beyond the time permitted by state law. <br /> <br />XV. Assignment. An agreement may be assigned to a new owner or lessee of the Authorized <br />Facility only with the prior written consent of the City. Any assignment shall provide that the <br />assignee shall irrevocably and unconditionally assume all the duties and obligations of the <br />assignor upon the same terms and conditions as set out in the agreement, and the City's <br />approval shall be subject to the determination of the financial capability of such assignee. Any <br />assignment of an agreement shall be to an entity that contemplates the same improvements or <br />repairs to the Property, except to the extent such improvements or repairs have been <br />completed. No assignment shall be approved if the assignor or the assignee is indebted to the <br />City for ad valorem taxes or other obligations, or if any event of default under the agreement <br />remains uncured. <br /> <br />XVI. Administration, Contract Review and Monitoring, and Reporting. <br /> <br />a) The Paris Economic Development Corporation shall be primarily responsible for the <br />administration, review, and monitoring of tax abatement agreements authorized by the City <br />under these Guidelines. These responsibilities shall include verifying that participants in tax <br />abatement agreements are in full compliance with the terms of the agreement. <br /> <br />b) The Paris Economic Development Corporation shall expeditiously advise the City in <br />writing of any instances of contract non-compliance by tax abatement participants. In addition, <br />the Paris Economic Development Corporation shall, on an annual basis, conduct a performance <br />review of the activities of each tax abatement participant and report the findings of such review <br />to the City Council. <br /> <br />c) The City shall retain the right to independently review and audit the activities of tax <br />abatement participants. <br /> <br />d) The City shall be responsible for enforcement of the terms of any tax abatement <br />agreement authorized hereunder. <br /> <br />12 <br />