2008-104-RES-Adopting and extending the policy statement criteria and guidelines for tax abatements for an additional two years, and approving and authorizing tax abatement agreement with campbell soup for a new juice line at the paris plant.

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)"Employer" means the owner or lessee of Property who provides Jobs within the Reinve ent Zone or wit,h.in the Enterprise Zone, applying for tax abatement. "Enterprise Zone" means an area of land desio-nated as such under Chapter 2303 of the Tex s Government Code. )"Jobs" or "a JoU" as used herein means a position of full-time employment for an individ al to work 32 hours or more per week for an Employer, in which position the individ al is provided the benefits normally offered by the Employer, such as health insurance, vacatio time and some form of retirement benefit. A Job is not a position filled for the Emplo er as a worker or employee of an employment agency or service. "Jobs" as used herein include "Full-time Equivalent Jobs", as defined below. )"Full-time Equivalent Jobs° means a number of part-time jobs where the hours worke in each such job is less than 32 hours per week, made available by one Employer and added ogether. For example, si-xteen (16) part-tzme jobs made availaUle by one Employer where such part-time jobs added together require a total of 352 hours of work per week (but no suc part-time job requires 32 hours of work or more per week), will equal eleven (11) Full- time E uivalent Jobs (352 hours cLivided by 32 hours per week equal 11). Full-time Equivalent Jobs d not require the employee to receive benefits from the Employer. . i) "Manufacturing Facility„ means buildings and structures, including fixed machinery and eq 'pment, the purpose of which is or will be the manufacture of tanb ble goods or r materials or the processing of such goods or materials by physical or chemical change. Facilities ~ prim ' y engaged in assembling component parts of manufactured products are also consid red manufacturing facilities. j) "Modernizatiori" means the replacement and upgrading of existing facties which increa es the productive input or output, updates the technology, or substantially lowers the un;t c st of operation. Modernization may result from the construction, alteration or install tion of builclings, structures, fixed machinery or equipment, but shall not be for the purpo e of reconditioning, reiurbishing, repairing, or deferred maintenance. k) "Other Basic Industry" means buildings and structures, including fixed machinery and e uipment, not elsewhere described, used, or to be used for the production of products or servic s which result in the creation of new Jobs and bring new wealth into the City. I) "Personal Property" means machinery, equipment, tools, shelving or materials eligible under applicable law for tax abatement, which can be removed from an authorized facility desc ' ed in Section N(a) below. m) "Property" means Real Property or Personal Property defined herein, as is applicable accor ' g to the context where used herein, that is eligible for tax abatement. n) "Real Property" means the land within an Enterprise Zone or a Reinvestrment Zone, to~e JeTwiffi aIl improvements and f'v:tures constructed or otherwise situated thereon.