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such a designation. Judging criteria for such a designation is based on the amount of <br />capital investment and job creation. <br />6. Ls our type of industry eligible for the incentives in the Enterprise Zone? <br />Answer: See answer to previous question 4. In addition, I refer you again to the material <br />in the December 10, 2001, letter from the Paris Economic Development Corporation. <br />7. Is the main purpose For establishing an Enterprise Zone to restore that segment of <br />our community to economic soundness? <br />Answer: Again referring to the Texas Enterprise Program Handbook, the stated purpose <br />of the program as administered by the Texas Department of Economic Development is for <br />the program to "encourage job creation and capital investment in areas of economic <br />distress within Texas." Presumably, the implementation of that program, the definition <br />of what constitutes economic distress, and other similar issues would be subject to <br />considerable interpretation. <br />8. Will you grant us a decision at this time on the Enterprise Zone incentives for our <br />business? <br />Answer: As stated in the previous letter from the PEDC and prior questions above, the <br />only incentive which the City of Paris directly grants at this time is tax abatement. The <br />issue as to whether or not to grant your project tax abatement is strictly up to the City <br />Council, with the advice of the PEDC. Anecdotedley, one of the additional incentives <br />referenced in the Texas Enterprise Zone Application for the City of Paris to be granted by <br />the City of Paris is flexible zoning. It is my understanding that the zoning has already <br />been changed for this proposed project by the City of Paris. Other incentives available and <br />referenced in the City's Enterprise Zone Application include infrastructure improvements, <br />which are constantly ongoing; Gvc abatement (already discussed); support for the Economic <br />Development Corporation through the sales tax; and others. Traditionally, economic <br />development incentives are not granted if the project will go forwazd even if the incentive <br />is not granted; i.e., such incentives aze traditionally granted only if the industry cannot <br />go forward without such incentives. It is my understanding this project will go forward <br />with or without such assistance. , <br />Yours very trul <br />Lar W. S enk <br />C' y Attorney <br />LWS/ap <br />Attachment <br />-3- <br />