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2001-019-RES ESTABLISHING GUIDELINES AND CRITERIA GOVERNING TAX ABATEMENT INCENTIVES WITHIN COP
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2001-019-RES ESTABLISHING GUIDELINES AND CRITERIA GOVERNING TAX ABATEMENT INCENTIVES WITHIN COP
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Last modified
8/18/2006 4:29:28 PM
Creation date
8/7/2001 2:32:49 PM
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CITY CLERK
Doc Name
2001
Doc Type
Resolution
CITY CLERK - Date
3/12/2001
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<br />3) the possible effect the proposed project will have on attracting other taxable <br />improvements into the City; <br /> <br />4) the nature of the proposed project and its overall effect on the community; <br /> <br />5) the proposed project's effect on the safety, health, and morals of the City's <br />residents; <br /> <br />6) whether the proposed project will have any substantial long-term adverse <br />effect on the provision of the City's services or its tax base; <br /> <br />7) whether the project meets all relevant zoning requirements; <br /> <br />8) whether the project is consistent with the comprehensive plan of the City of <br />Paris or County of Lamar; and <br /> <br />9) the types and cost of public improvements and services (water and sewer <br />main extensions, streets and alleys, etc.) required of the City and the types <br />and values of public improvements to be furnished by the applicant. <br /> <br />g) Economic Qualification. In order to be eligible to receive tax Abatement, the <br />planned improvements: <br /> <br />1) must be reasonably expected to increase the appraised value of the property; <br />AND <br /> <br />2) must be expected to prevent the loss of employment, retain, or create <br />employment on a permanent, full-time basis in the City during the term of the <br />Agreement; AND <br /> <br />3) should not be expected to solely or primarily have the effect of merely <br />transferring existing employment from one part of the City to another without <br />demonstration of increased future investment (Dollars or jobs) or unusual <br />circumstances whereby without such a move employment is likely to be <br />reduced; AND <br /> <br />4) must be necessary because capacity cannot be provided efficiently utilizing <br />existing improved property, even when reasonable allowance is made for <br />necessary improvements or relevant governmental actions. <br /> <br />-4- <br />
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