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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will the review process Paris Ec distribute the application to the appropriate departrnent heads and taxing entities for Ld comment. In addition, no tax abatement application shallbe consi(lered for further c, by the goverzunental entities unless first approved by the governing boaTd of the nomic Development Corporation. ) Public Hearing. The City will comply wlth certain public notices and hearings under the Property Redevelopment and Tax Abatement Act required as mandated by state Iaw prior to e desib ation of a Reinvestment Zone and execution of a tax abatement agreement. The Ci may adopt an ordiitance desib ating a tax abatement Reinvestment Zone only after notice o a public hearinc, has been published at least seven (7) days before the date of the hearing, and aII other procedural requu ements of Chapter 312 of the Texas Tax Code have been ) Findings. In order to enter into an agreement, the City must find that the terms of the propos d agreement comply with these Guidelines and Criteria, that there will be no substan 'al adverse affect on the provision of City services or tax base, and that the planned use of the P operty will not constitute a hazard to public safety, health or morals. Incident to the approv of any ordinance designating a IZeinves a~ b a shtall e land t be improv ments sought are feasible and practical an include in the Reinvestrnent Zone arid to the City after the .expiration of the agreement. of any y be Variances. Requests for variance from the p~ o e nt shall the Guidelines made ' writing to the Ci-ty; provided, however, tha abate ent exceed the period authoxized Uy applicable state law. Such xequest shall include a uest ~ compl e description of the circurnstances requiring u7~sanc ~ o p~e members of the C ty variane shall reqwse the affiimative vote of three fo _ IX. inclu After approval, the City shall formally pass an order or resolution and authorize the Ion of an agreement with the owner and/ or lessee of the Authorized Facility which shall but not be limited to the following terms: a) The Base Year Value; b) Percent of increased value to be abated each year; c) The commencement date and the termination date of abaternent; d) Amount of investrnent and average number of jobs involved during the term of the ab eement; e) The proposed use of the Authorized Faciliry, nature of construction, tirne schedule, plat, property description, and improvement list, as provided in the application; f) A listing of the kind, number, location, and costs of aIl proposed improvements of the 10