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04&05 Tax Abatement Paris Warehouse 107
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04&05 Tax Abatement Paris Warehouse 107
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Last modified
3/23/2006 4:40:26 PM
Creation date
3/23/2006 4:40:19 PM
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Template:
AGENDA
Item Number
04&05
AGENDA - Type
RESOLUTION
Description
Tax Abatement Agreement for Paris Warehouse 107, Inc.
AGENDA - Date
3/27/2006
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<br />Exhibit 0 <br />Tax Abatement for Real Property; Creation of Jobs <br />For Paris Warehouse 107, Inc. (WePack) <br /> <br /> <br /> Annual <br />Year Abatement Abatement % _ Appraised Value Abatement Amount <br /> Schedule'" <br />1 100% 80.0% $ 3,150,000.00 $ 2,520,000.00 <br />2 100% 80.0% $ 3,150,000.00 $ 2,520,000.00 <br />3 100% 80.0% $ 3,150,000.00 $ 2,520,000.00 <br />4 80% 64.0% $ 3,150,000.00 $ 2,016,000.00 <br />5 60% 48.0% $ 3,150,000.00 $ 1,512,000.00 <br />6 40% 32.0% $ 3,150,000.00 $ 1,008,000.00 <br />7 20% 16.0% $ 3,150,000.00 $ 504,000.00 <br />8* 0% 0.0% $ 3,150,000.00 $ - <br /> <br />. Starting the 8th year the company will pay 100% of their taxes. <br /> <br />.. This schedule shows how the original abatement % is affected for a <br />specific year. (Example: During the first 3 years the company will <br />receive 100% of the original abatement percentage. In year 4 the <br />company will receive 80% of the original abatement percentage.) <br /> <br />"- HU_'_'__ "--r .. <br />
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