2006-020-ORD-TAX ABATEMENT KIMBERLY CLARK

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d) Not be expected to solely or primarily have the effect of merely transferring existing employment from one part of the City to another without demonstration of increased future investment (Dollars or jobs) or unusual circumstances whereby without such a move employment is likely to be reduced; and, e) Promote among equally qualified job applicants the hiring of employees first from within the corporate limits of the City of Paris, and second from within the County of Lamar, State of Texas, subject to the laws and regulations of the United States of America and the State of Texas and subject to any labor contracts currently in effect and any successive contracts or past practices; and, f) Not include property that is owned or leased by a member of the City Council of the City of Paris nor by a member of the Planning and Zoning Commission; and, g) Conform to all the requirements of the City's zoning ordinance; and, h) Be consistent with the comprehensive plan of the City of Paris. Section 6. That written agreements with the property owner(s) located within the zone shall include, but not be limited to, the following terms: a) percent of increased value to be abated each year; b) the commencement date and the termination date of Abatement; C) amount of investment involved during the term of the Agreement; d) the proposed use of the facility, nature of construction, time schedule, plat, property description, and improvement list, as provided in the Application; e) a listing of the kind, number, location, and costs of all proposed improvements of the property; f) a statement limiting the uses of the property consistent with the general purpose of encouraging development or redevelopment of the zone during the period that property tax exemptions are in effect; g) that access to the project be provided to allow for the inspection by City inspectors and officials in order to ensure that the improvements or repairs are made according to the specifications and conditions of the agreement; h) that property tax revenue lost as a result of the tax abatement agreement will be recaptured by the City if the owner of the property fails to make the improvements or repairs as provided by the agreement;