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years from the date of the original agreement. <br />(g) An Agreement may be terminated by the mutual consent of the parties in the same <br />manner that the Agreement was approved and executed. <br />(h) All improvements, repairs, development a n d r e-development of the Eligible Property m u s t <br />conform to the City's Comprehensive Zoning Ordinance, Building Codes and other applicable <br />ordinances. <br />Section 5. Application and Review Procedures. <br />(a) Application for Tax Abatement <br />(1) The procedures as hereinafter delineated shall be utilized in the implementation of the tax <br />abatement program for the City of Paris. <br />(2) Tax abatement applicants shall complete and submit an application for economic incentives <br />as prescribed by the Executive Director for the Paris Economic Development Corporation <br />(PEDC). While the specific contents of application may vary, it is expected that the <br />information requested wil] reveal the precise location of the property, provide a survey and <br />legal description of the project site, provide projected job growth, and provide estimations <br />for tlie projected capital investment. <br />(3) Applicants shall coinplete all information detailed in this document or other inaterial as <br />may be required by the PEDC or City and submit the application and supporting documents <br />to the Executive Directar of the Paris Economic Development Corporation, 1625 Bonham <br />Street, Paris, Texas 75460. <br />(b) Application Review Steps• <br />All information in the application package detailed above will be reviewed far completeness and <br />accuracy. Additional information inay be requested as needed. <br />2. The application will be distributed to the Board of Directors of the Paris Economic <br />Development Corporation and to the Paris City Manager for internal review and comments. <br />Additional information may be requested as needed. <br />3. Applicant will meet with Paris Economic Development Corporation (PEDC) and the Paris City <br />Manager or his designee to discuss details of the application. Additional meetings and <br />proposal presentations may be scheduled as necessary. <br />4. The PEDC Board along with the Paris City Manager will consider the application at a regular <br />ar called meeting(s). <br />5. The findings of the PEDC Board will be forwarded, with all relevant materials, to the chief <br />administrative officer of each local taxing entity. <br />4 <br />I I r) *7 <br />