2013-011 RES APPROVING AND AUTHORIZING TAX ABATEMENT AGREEMENT WITH CAMPELL SOUP

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4) The nature of the propased project and its overall effect on the City; 5) 17�e proposed project's effect on the safety, healtli, and morals of the City's residents; 6) Whether the proposed project will have any substantial long-term adverse effect on the provision �f City services or its tax base; 7) Whether the project meets atl relevant zoning requirements; 8) Wheiher the praject is consistent with the comprehensive plan of the City or County of Lamar; and 9) The types and cost of public improvements and services (water and sewer main extensions, streets and roads, etc.) required of the City and the rypes and vaIues of public improvements to be furnished by the applicant. h) Economic Qualif cation. In order ta be eligible to receive tax abatement, the planned impravements: 1} Must be reasonably expected to increase the appraised vaiue of the Property; 2) Mast be expected to prevent the loss of empioyment, or the retention or creation of Jobs in the City during the term of the agreement; 3) Should not be expected to solety or primarily have the effect of inerely transferring existing employment from one part of the City to another without demonstration of increased future investment (Dottars or Jobs) or unusua] circumstances whereby wittsoUt such a move employment is liicely to be raduced; 4) Must be necessary because capacity cannot be provided efficiently uiilizing eaisting improved Property wben reasonable a)lowance is made necessary improvements or relevant governmental actions. i) Taxability. During the term of the agreement, taxes shalI be payable as fo[lows: I) The Base Year of eligible property as determined each year by the Lamar County Appraisai District shall be fully taxahle; and 2) The additional value of eligible property above the Base Yeat Value shall be taxable in the manner described in the agreement.