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` Ka6 ProDertles, LLP a <br />rd MANAGEMENT, Inc. _ <br />'INE LAMAR COLONY M Assisted living Community <br />1 . 2485 Kesslxr <br />. . Paris, Tem 73460 <br />USA <br />Phone 903•763-3149 <br />December 03-2001 <br />RE: ITEM # 21 OF THE APPLICATION FOR REINVESTMENT ZONE DESIGNATION : <br />TfiE TYPE AND VALUE OF ECONOMIC DEVELOPMENT INCENTIVES REQUESTED <br />1.) 100% Tax Abatement on improvements to site and building for seven (7) years @ <br />$ 2,744,000.00and <br />2.) 100% Refund of Local Sales and Use Taxes @$] 00,000.00and <br />3.) Direct Low-Interest Loans/Packages: <br />land @ $36,000.00(refinancing) <br />building construction @ $ 0.00 <br />machinery & equipment @ S 0,00 <br />~ <br />fumiture & fixtures @ $ 0.00 <br />working capital @ $274,400.00 <br />4.) X Amend Zoning Ordinances in order to promote economic development in the zone; and <br />5.) X Give prompt consideration to building pernut requests; and <br />6.) X Uti(ization of the Waterworks and Sewer System Reveriue 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 />7.) X Increase Police and Fire Protection for this wlnerable segment of our community; and <br />8.) X Reduced Utility Rates on Water and Waste Water by ten (10)%, as well as, the five (5)% <br />rate reduction rider offered by TXiJ Electric and Gas, both for seven (7) years: <br />* water and waste water $4.0.0 @ 10°/a rate reduction =$0.00 ner month. <br />* electric and gas via TXU $4.Q4 tr 5% rate reduction =$0.00 ner month; <br />and <br />9.) X Provide funding for improving of existing roads to the site as needed; and <br />[ ATTACHMENT ] <br />