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2004-164-RES ELECTING TO BECOME ELIGIBLE TO PARTICIPATE IN TAX ABATEMENT AGREEMENTS AS AUTHORIZED UNDER THE PROPERTY REDEVELOPMENT AND TAX ABATEMENT ACT AS AMENDED
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2004-164-RES ELECTING TO BECOME ELIGIBLE TO PARTICIPATE IN TAX ABATEMENT AGREEMENTS AS AUTHORIZED UNDER THE PROPERTY REDEVELOPMENT AND TAX ABATEMENT ACT AS AMENDED
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Last modified
8/18/2006 4:27:44 PM
Creation date
9/29/2004 2:04:22 PM
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CITY CLERK
Doc Name
2004
Doc Type
Resolution
CITY CLERK - Date
9/22/2004
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<br />9. <br /> <br />CURRENT PAYROLL (in City of Paris): <br /> <br />$_50,000 weekly <br /> <br />10. <br /> <br />NUMBER OF NEW JOBS PROPOSED: <br /> <br />_30 <br /> <br />11. LIST THE TYPE AND NUMBER OF NEW JOBS TO BE CREATED AND THE PROJECTED <br />SALARY FOR EACH JOB: <br /> <br />_20 Packagers, 5 Forklift Operators, 4 Clerical, I Supervision <br /> <br />12. PLEASE PROVIDE INFORMATION PERTAINlNG TO THE TRANSFER OF JOBS RELATED <br />TO THE IMPROVEMENTS OR EXPANSION: <br /> <br />_This is based on moving current production in Sulphur Springs at one of our facilities to Paris and <br />the projected increase in business based on our customer feedback. <br /> <br />13. <br /> <br />TOTAL IMPACT ON PAYROLL FROM NEW JOBS: <br /> <br />$470,000 armuaJJy <br /> <br />14. PRE-PROJECT MARKET VALVES, AS DETERMINED FOR LOCAL PROPERTY TAXATION, <br />OF THE EXISTING FACILITY, SITE, TANGillLE PERSONAL PROPERTY, AND <br />INVENTORY: <br /> <br />A. REAL PROPERTY: 5 acres @ $1,500 per acre <br /> <br />$_7,500 <br /> <br />B. <br /> <br />TANGillLE PERSONAL PROPERTY <br /> <br />$_0 <br /> <br />15. GNE A DETAILED DESCRIPTION OF THE PROPOSED IMPROVEMENTS OR EXPANSION <br />(ATTACH ADDITIONAL SHEETS, IF NECESSARY): <br /> <br />_We are planning to add approximately 172,000 square feet to oW' cuneot facility located at 2300 <br />13 th S. W., Paris, Texas with the construction of a new building joined to oW' current building. In addition to <br />expanded warehousing to service our customers, we are going to expand our packaging area to accommodate <br />our growing business. <br /> <br />16. THE ESTIMATED DATE OF COMPLETION OF THE IMPROVEMENTS: <br /> <br />April 01, 2005 <br />17. THE ESTIMATED DATE OF OPERATION OF THE IMPROVEMENTS OR EXPANSION: <br />
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