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) The Paris Econonuc Developn-ient Corporation sha11 expeditiously advise the City in <br />writing f any instances of contract non-compliance by tax abatement participants. In addition, <br />the Par' Economic Development Corporation shall, on an annual basis, conduct a performance <br />review f the acti-vrities of each tax abatement participant and report the findino's of such review <br />to the atv Council. <br />) The City shall retain the right to independently review and audit the activities of tax <br />abatem nt participants. <br />) The City shall be responsible for enforcement of the terms of any tax abatement <br />agree nt authorized hereunder. <br />XVII. endments. These Guidelines are effective for a two (2) year period u~l 3e 4ae <br />of th <br />their a option, unless amended or repealed Uy the affirmative vote of three fo <br />memb rs of the City Council. <br />For a <br />abatement application or additional information contact: <br />Paris Economic Development Corporation <br />1125 Bonham Street <br />Paris, Texas 75460 <br />903-784-2501 <br />800-727-4789 <br />Fax 903-784-2503 ` <br />Email pedc@paristexas.com <br />13 <br />