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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 />no new Jobs or Newly Created Minimum Annual Payroll are created. In these cases involving <br />existing Employers, the criteria for tax abatement for improvements to Real Property at <br />Authorized Facilities are identical to that set forth in Article V above (except that no new Jobs or <br />Newly Created Minimum Annual Payroll are required); and the criteria for tax abatement for <br />new Personal Property added to Authorized Facilities are identical to that set forth in Article VI <br />above (except that no new Jobs or Newly Created Minimum Annual Payroll are required). In <br />this regard, however, the City encourages existing Employers to retain as many Jobs and as <br />much existing Annual Payroll as is economically feasible for the existing Employer to do and <br />remain competitive in its industry. <br /> <br />VIII. Application. <br /> <br />a) Eligibility. Any present or potential owner of taxable property in the City may <br />request tax abatement by filing a written request with the City Manager or County Judge, with <br />a copy of the said application to be forwarded by the applicant to the Executive Director of the <br />Paris Economic Development Corporation. <br /> <br />b) Form. The application shall consist of a completed application form accompanied by <br />the following items: <br /> <br />1) A general description of the improvements to be undertaken together with the <br />projected new value to the Property and the type of business operation <br />proposed; <br /> <br />2) A detailed descriptive list of the improvements for which abatement is <br />requested; <br /> <br />3) A list of the kind, number, and location of all proposed improvements of the <br />Property; <br /> <br />4) A list of the number and type of Jobs created, including information <br />pertaining to anticipated job transfers; <br /> <br />5) A metes and bounds description and plat of the proposed Reinvestment Zone <br />that shows all roadways within 200 feet of the Reinvestment Zone and all <br />existing zoning and land uses within 200 feet of the Reinvestment Zone; <br /> <br />6) A time schedule for undertaking and completing the proposed <br />improvements; <br /> <br />7) The type and value of any economic development incentives requested; and <br /> <br />8) Any other information about the proposed project as may be required by the <br />City or as deemed desirable by the City. <br /> <br />c) Review. Once the application has been received, the information submitted will be <br />reviewed by the Tax Abatement Committee for completeness and accuracy. The Committee <br /> <br />9 <br />
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