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Author' ed Facility; provided, however, that inventory or supplies shall not be eligible for <br />abatem t. Eligible property for -~vluch abatement may be ~ anted includes nonresidential real <br />proper and/or tangible personal property not located on the real property at any time before <br />the abat ment agreement becornes effective. <br />Leased Aiithorized Faciiities. If a leased Authorized Facility is b anted abatement, <br />t he ab e men t may be ex e c ut ed with the lessor and/ or lessee, depending upon the pasticular <br />circums ances of the proposed project. If the agreement is with the lessor, lessor shall <br />demons ate binding coniracts with the lessee to guarantee conzpIiance with the terms of the <br />agreem nt. <br />to an <br />aba <br />value <br />the C. <br />If a Jr <br />Facili <br />the rE <br />abate <br />r <br />~ Va1ue and Term of Abatement. The City will decide whether to grant tax abatement <br />fficant, and the amouzlt, if any, of such abatement, on a case-by-case basis and 'uz <br />~ce with these Criteria and Guidelines. The term of abatement gx'anted under any <br />nt may not exceed that pem-itted by applicable state law. The amount of the <br />nt shall be based upon a percentage (0 to 100%) of all or a portion of the eligible <br />within the Authorized Facility. Abatement may only be b anted for the additional <br />eligible property 'vnprovements made pursuant to and listed in the agreement between <br />and property owner and/ or lessee subject to such Iimitations as the City may require. <br />ernization project includes the xeplacement of improvements within an Authorized <br />the value eligible for abatement shall be the value of the new unit(s), less the value of <br />iced unit(s). The criteria that wiLl be used in evaluating a particular application for <br />nt will include, but not be limited to: <br />1) The doltar amount of the increase in the tax roll for the proposed project; <br />2) The number of Jobs created or retained by the F-nployer irivolved; <br />3) The possible effect the proposed project will have on attracting other taxable <br />improvements into the City; <br />4) The natu.re of the proposed project and its overall effect on the City; <br />5) The proposed project's effect. on the safety, health, and morals of the City's <br />residents; <br />6) Whether the proposed project will have any substantial lonb term adverse <br />effect on the provision of City services or its tax base; <br />7) Whether the project meets all relevant zoning requirements; <br />8) Whether the project is consistent with the comprehensive plan of the City or <br />County of Lamar; and <br />9) The types and cost of public improvements and services (water and sewer <br />main extensions, streets and roads, etc.) required of the City and the types <br />and values of public improvements to be furnished by the applicasit. <br />