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KG Prepertles, LLP <br />SI MANAGEMENT, Inc. <br />TIlE ~ CGLGNY lin Assisted Living eenmmnity <br /> <br />Phon~ 903-783-$149 <br /> <br /> 2485 Kessler <br />Paris, Texas 75460 <br /> USA <br /> <br />September 04, 2001 <br /> <br />ITEM # 21 OF THE APPLICATION FOR REINVESTMENT ZONE DESIGNATION: <br />THE TYPE AND VALUE OF ECONOMIC DEVELOPMENT INCENTIVES REQUESTED <br /> <br />1.) <br /> <br />2.) <br /> <br />4.) <br /> <br />5.) <br /> <br />6.) <br /> <br />7.) <br /> <br />9.) <br /> <br />100% Tax Abatement on improvements to site and building for seven (7) years <br />$_2:744:000.00_; and <br /> <br />100% Refund of Local Sales and Use Taxes ~ $100.000.00_; and <br /> <br />Direct Low-Interest Loans/Packages: <br /> land ~ $36,000.00(refinance) & land ~ $55,000.00(purchase for expansion), <br /> building construction @ $1,987,200.00 , <br /> machinery & equipment @ $ 70:400.00 , <br /> furniture & fixtures ~ $ 57:600.00 <br /> working capital ~ $100:000.00 ; and <br /> <br />Amend Zoning Ordinances in order to promote economic development in the zone; and <br /> <br />Give prompt consideration to building permit requests; and <br /> <br />Utilization of the Waterworks and Sewer System Revenue Bonds for the purpose of <br />improvements and the payment of professional services related to the construction and <br />financing of such projects; and <br /> <br />Increase Police and Fire Protection for this vulnerable segment of our community; and <br /> <br />Reduced Utility Rates on Water and Waste Water by ten (10)%, as well as, the five (5)% <br />rate reduction rider offered by TXU Electric and Gas, both for seven (7) years: <br /> water and waste water $500.00 ~ 10% rate reduction = $50.00 per momh: <br /> electric and gas via TXU $~Z,232.~)_ ~ 5% rate reduction = $111.60 per month; <br /> and <br /> <br />Provide funding for improving of existing roads to the site as needed; and <br /> <br />[ ATTACHMENT ] <br /> <br /> <br />