Laserfiche WebLink
The City shall distribute the Payments in Lieu <br />of Taxes to the following Taxing Bodies, to-wit: <br />The City of Paris, Paris, Texas, the Paris <br />Independent School District, the Paris Junior College <br />District and the County of Lamar, and .in the pro- <br />portion to which the real property taxes which would <br />have been paid to each Taxing Body for such year if <br />the Project were not exempt from taxation bears <br />to the total real property taxes which would have <br />been paid to the above Tax.ing Bodies for such year <br />if the Project were not exempt from taxation; <br />prov.ided, however, that no payment for any year <br />shall be made to any Taxing Body (includ.ing the <br />City) in excess of the amount of the real property <br />taxes which would have been paid to such Taxing <br />Body for such year if the Project were not exempt <br />from taxation.' } <br />CITY OF PARIS <br />By: <br />Michael E. Malone, Mayor <br />ATTEST: <br />H. C. Greene, City Clerk <br />