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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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1/8/2009 2:21:34 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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Tax Abafiement for Real PropertY; Creation of Jobs <br />For FGris Warehouse 107, Inc• (WePack) <br />$ : 3,15f1,Qf>4.G0 <br />_ 0 <br />1 100% 80.0 % $ 3,150,000.00 <br />0 <br />$ <br />$ <br />2,520,000.00 <br />000.00 <br />520 <br />2 <br />2 100% 80.0% $ 3,150,000.0 <br />000.00 <br />150 <br />$ 3 <br />$ <br />, <br />, <br />2,520,000.00 <br />, <br />, <br />3 100°/n 80-0% <br />4 80% 64.C)% $ 3,150,000.00 <br />$ <br />2,016,OO0.00 <br />5 60% 48.0% $ 3,150,Q00.0~ <br />0 <br />$ <br />$ <br />1,512,JOO,OQ <br /> <br />000.00 <br />008 <br />6 40% 32.0°a $ 3,150,Q00.0 <br />000.00 <br />150 <br />$ 3 <br />$ <br />, <br />, <br />~p4,000.00 <br />, <br />, <br />7 20% 16.0% : <br />0.0 % $ 3,150,000.00 <br />$ <br />" <br />' Starting the Sfh year the company wiil PaY 1o0% of their taxes. <br />This schedule shows how the original abatement % is affected <br />the company wiil <br />for a <br />receive <br />specific year. (Example: During the first 3 years <br />inal ahatement percentage. In year 4the company wiil <br />100% of the ori <br />g <br />receive 80% of the original abaternent percentage.) <br />Ekhibit ,4 <br />
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