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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)"Regional Distribution Facility" means builclings and structures, including fixed machin ry and equipment, used or to be used primarily to receive, store, service, or distribute goods o materials where a majority of the goods or services are distributed to points at least 100 indl s from its location in the City. )"Regional Tourist Entertainment Facility" mearis buildinas and structures, including fv:ed m chuzery and equipment, used or to be used in providing anluseznent/entertaiimzent throug the acluiission of the general public where the majority of users reside at least 100 miles from th City and where the majority of users are lilcely to stay in the City for more than one day an will therefore likely utilize local restaurants and hotel/motel accommodations. zs an area where the City or County has decided to unfluence „Reinvestment Zone" • develo ment patterns and attract major investments that will contribute to the development of the are through the use of tax abaternent for specified improvements. )"Research Facility" means buildings and structures, including fixed machinery and equip ent, used or to be used prunarily for research or eXperimentation to irnprove or develop new t b ble goods or materials or to improve or develop the production processes thereto. )"Tax Abatement Coinn-Littee" means the comnuttee of persons desib ated from time to time by the Paris Economic Developrnent Corporation to study, review and recammend tax abate nt to the applicable taxing entities in the community. The Tax Abatement Comuvttee r will be omposed of one person from each of the City (the City Manager or designee), the Coun of Lamar (the County Judge or desib ee), Paris Juivor Col:lege (the President or . desib e), the Chief Appraiser of fhe Lamar County Appraisal District, and the Executive Direct r of the Paris Economic Development Corporation._ _ III. D+gnation of a Reinvestment Zone. The City or County may designate an area as a Reinvesiment Zone in accordance wifih the cri eria and procedural requirements set forth in the Property Pedevelopment & Tax Abat ent Act, as amended (Texas Tax Code Sec. 312.401 (b)). For any area within the jurisdiction of the City to be eligible for tax abatement it must meet e criteria for desib ation as a tax abatement Reinvestrnent Zone as set forth in the Prope ty Redevelopment and Tax Abatement Act, Texas Tax Code Chapter 312. IV. Tabc Abatement Authorized. proje( Real I abate agree impn The City, through its Council, may ab ee in writing with the owner and/ or Iessee of Real Property that is located in a Reuzvestment Zone, but that is not in an improvement financed by tax increment bonds, to exempt from taxation a portion of the value of the operty, or of Personal Property located on the Real Property, or both. The period of the ent granted under the ab eement shall not exceed the term authorized by law. Such tent will be based on the condition that the owner or lessee of the Property makes specific ,ements or repairs to the Property. An ab eement may provide for the exemption of the