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

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4j A list of the number and type of Jobs created, including inforrriation pertaining to anticipated job transfers; 5) A metes and bounds description and plat of the proposed Reinvestment Zone that shows alJ roadways within 200 feet of the Reinvestment Zone and ali existing zoning and land uses within 200 feet of the Reinvestment Zone; 6) A time schedule for undertaking and completing the proposed imprvvements; �) The type and value of any economic development incentives requested; and 8} Any other information about the proposed project as may be required by the City or as deemed desirable by the City. c) Review. Once the application has been received, the information submitted will be reviewed by the Tax Abatement Committee for completeness and accuracy. The Cammittee will then distribute the application to the appropriate department heads and taxing entities for review and comment. In addition, no tax abatement application shall be considered for further processing by the governmental entities unless f rst approved by tlie governing board of the Paris Economic Deve�opment Corporation. d} Pubiic Hearing. The City wi11 comply with certain public notices and hearings required as mandated by state law under the Property Redevelopment and Tax Abatement Act prior to the designation of a Reinvestment Zone and execution of a tax abatement agreement. The City may adopt an ordinance designating a tax abatement Reinvestment Zone oniy af�er notice of a pubtic hearing has been published at least se�en (7} days before the date of the hearing, and all other procedural requirements of Chapter 312 ot'the Texas Tax Code have been satisfied. e} Ffndings. In order to enter into an agreement, the City must find that the terms of the proposed agreetnent comply with these Guidetines and Criteria, that there will be na substantial adverse affeci on the provision of City services or tax base, and that the planned use of the Property will not constitute a hazard to public safety, health or morals. Incident to approva] of any ordinance designating a Reinvestment Zone, tEie City shaIt find that the improvements sougM are feasible arid practical and would be a benefit to the land to be included in the Reinvestment Zane and io the City afier the expiration of the agreerr�ent. � Variar�ces. Req�esis for variance from the provisions ofthese Guide]ines may be made in writing to tiie City; provided, however, that in no event shall the term of any abatement exceed the period authorized by applicable state law. Such reguest shai( include a complete description of Ehe circumstances requiring a variance. Approval of a request for variance shail require the affirmative vote of three-fourths (3/4) of the members of the City Council.