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Paris, Texas Economic Develapment Corporation <br />POLTCY STATEMENT <br />CRITERIA AND GUIDELINES FOR TAX ABATEMENT <br />moraIs. <br />4. incident to approval of any ordinance designating a reinvestment zone, the Ciry shall find that <br />the improvements sought are feasibie and practical and would be a benefit to the land to be <br />included in the reinvestment zone and to the Ci after the ex iration of the a reement. <br />Variances Requests for variance from the provisions of these Guidelines and Criteria may be made in writing <br />to the City; provided, however, that in no event shal! the term of any abatement exceed the period <br />authorized by applicable state law. Such request sha[I include a complete description of the <br />circumstances requ'ving a variance. Approvai of a request for variance shall require the <br />affirmative vote of thme-fourths 3/4} of the members of the Ci Council. <br />Proposed The adoption of these Guidelines and Criteria by the City does not limit the discretion of the City <br />Agreements Council to decide whether to enter into a specific tax abatement agreement, or limit the discretion of <br />Decided on the City Council to delegate to its employees the authority to determine whether or not the City <br />Tndividual should consider a particular appiication or request for tax abatement, or create any property, <br />Basis contract, or other legat right in any person or entity to have the City Council consider or grant a <br />s ecified a lication or re uest for tax abatement. <br />VIII. Abatement Agreement Terms and Conditions. <br />Appendix B provides many of the terms and conditions to be included in any formal abatement <br />agreement. <br />IX. Amendments to Guidelines and Criteria <br />These Guidelines and Criteria are effective for a two (2) year period from the date of their <br />adoption, unless amended or repealed by the affirmative vote of three-fourths (3/4) of the <br />members of the Ciry Council. <br />For a tax abatement application or additional information contact: <br />Paris Economic Development Corporation <br />1125 Bonham Street <br />Paris, Texas 75460 <br />903-784-b964 <br />Fax 903-784-2503 <br />t4"1i'4Y �nanste�:�susa.cam <br />EmaiI: pa�•isedc u ariste�susa.cc�m <br />