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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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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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8/21/2012 1:08:26 PM
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CITY CLERK
Doc Name
2008-104-RES
Doc Type
Resolution
CITY CLERK - Date
11/24/2008
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no new j <br />existing <br />Authori <br />Newly <br />new Per <br />above (e <br />this reg <br />much e x <br />remain <br />)bs or Newly Created AZinimum Aiunual Payroll are created. In these cases involvinQ <br />;mployers, the criteria for tax abatement for improven-Lents to Real Property at <br />~d Facilities are identical to that set forth in Article V above (except that no new Jobs or <br />'eated Minimum Annual Payroll are required); and the criteria for tax abatement for <br />onal Property added to Authorized Facilities are identical to that set forth in Article VI <br />cept that no new Jobs or Newly Created AZuumum Annual Payroll are required). In <br />•d, however, the City encourages existi.ng Employers to retain as many Jobs and as <br />sting Annual Payroll as is economically feasible for the existing Employer to do and <br />petitive in its industry. <br />VIII. A plication. <br />) Eligibility. Any present or potential owner of taxable property in the City may <br />request ax abatement by filing a written request with the City Manager or County Judge, with <br />a copy f the said application to be forwarded by the applicant to the Executive Director of the <br />Paris Ec nomic Development Corporation. ) Form. The application shall consist of a completed application form accompanied by <br />the foIl wing items: <br />1) A general description of the improvements to be undertaken together with the <br />projected new value to the Property and the type of business operation <br />proposed; <br />2) A detailed descriptive list of the improvements for which aUatement is <br />requested; <br />3) A Iist of the l:ind, number, and location of all proposed improvements of the - <br />Property; <br />4) A list of the number and type of Jobs created, including information <br />pertainulg to anticipated job tran.sfers; <br />, 5) A metes and bounds description and plat of the proposed Reinvestment Zone <br />that shows all roadways within 200 feet of the Reinvestrnent Zone and all <br />existing zoning and land uses within 200 feet of the Reinvestment Zone; <br />6) A time schedule for undertaking and completing the proposed <br />improvements; <br />7) The type and value of any economic development incentives requested; and <br />8) Any other inforrnation about the proposed project as rnay be required by the <br />City or as deemed desisable by the City. <br />c) Peview. Once the application has been reced/esthe s an acmcuT ~ Ysu~ CO~~be <br />revie e d by t he Tax A b a t e m e n t C o m m i t t e e f o r c o rn pleen <br />
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