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07-B Tax Abatement Eligibility
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07-B Tax Abatement Eligibility
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Last modified
8/29/2012 4:22:33 PM
Creation date
9/17/2004 4:34:14 PM
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Template:
AGENDA
Item Number
07-B Tax Abatement E
AGENDA - Type
RESOLUTION
Description
Tax Abatement Elibibility Resolution
AGENDA - Date
9/22/2004
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9. CURRENT PAYROLL (in City of Paris): $ 50,000 weekly <br />10. NUMBER OF NEW JOBS PROPOSED: 30 <br />11. LIST TFE TYPE AND NUMBER OF NEW JOBS TO BE CREATED AND THE PROJECTED <br />SALARY FOR EACH JOB: <br />_20 Packagers, 5 Forklift Operators, 4 Clerical, 1 Supervision <br />12• PLEASE PROVIDE INFORMATION PERTAINING TO T'HE TRANSFER OF JOBS RELATED <br />TO TI-E IlVtpROVEMENTS OR EXPANSION: <br />This is based on moving current production in Sulphur Springs at one of our facilities to Paris and <br />the projected increase in business based on our customer feedback. <br />13. TOTAL IlVIl'ACT ON PAYROLL FROM NEW JOBS: <br />$470,000 annually <br />14. PRE-PROJECT MARKET VALUES, AS DETERMIINED FOR LOCAL PROPERTY TAXATION, <br />OF THE EXISTING FACILITY, SIT'E, TANGIBLE PERSONAL PROPERTY, AND <br />INVENTORY: <br />A. REAL PROPERTY: 5 acres @$1,500 per acre <br />$ 7,500 <br />B. TANGIBLE PERSONAL PROPERTY $ 0 <br />15. GNE A DETAILED DESCRIPTION OF THE PROPOSED IMPROVEMENTS OR EXPANSION <br />(ATTACH ADDITTONAL SHEETS, IF NECESSARY): <br />We are planning to add approxunately 172,000 square feet to our cwrent facility located at 2300 <br />13" S. W., Paris, Texas with the conshuction of a new building joined to our cuirent building. In addition to <br />expanded warehousing to service our customers, we are going to expand our packaging azea to accommodate <br />our growing business. <br />16. <br />THE ESTIlMATED DATE OF COMPLETION OF THE IMPROVEMENTS: <br />Apri101, 2005 <br />17. THE ESTIMATED DATE OF OPERATION OF THE IlVIPROVEMENTS OR EXPANSION: <br />
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