2004-052-ORD PROVIDING CODE OF ORDINANCES BE REVISED BY AMENDING CHAPTER 30 OF SAID CODE

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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 ofthe City Council ofthe City of Paris nor by a member ofthe 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 thepropertyowner(s) located within the zone shall include, but not be limited to, the following terms: a) the Base Year Value; b) percent of increased value to be abated each year; c) the commencement date and the termination date of Abatement; d) amount of investment and average number of jobs involved during the term of the Agreement; e) the proposed use of the facility, nature of construction, time schedule, plat, property description, and improvement list, as provided in the Application; f) a listing ofthe kind, number, location, and costs of all proposed improvements ofthe property; g) 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; h) 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; i) 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; j) each term agreed to by the owner of the property; k) a requirement that the owner ofthe property shall certify annually to the City Council that the owner is in compliance with each applicable term of the agreement;