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14-H Sesaco Assn Sesame Sol
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14-H Sesaco Assn Sesame Sol
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Last modified
9/11/2012 3:52:35 PM
Creation date
2/4/2004 2:10:42 PM
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Template:
AGENDA
Item Number
14-H
AGENDA - Type
RESOLUTION
Description
Assignment of Tax Abatement Agreement from Sesaco to Sesame Solutions
AGENDA - Date
2/9/2004
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3) the possible effect the proposed project will have on attracting other taxable <br />improvements into the City; , <br />4) the nature of the proposed project and its overall effect on the community; <br />5) the proposed project's effect on the safety, health, and morals of the City's <br />residents; <br />6) whether the proposed project will have any substantial long-term adverse <br />effect on the provision of the City's services or its tax base; <br />7) whether the project meets all relevant zonin~ requirements; <br />8) whether the project is consistent with the comprehensive plan of the City of <br />Paris or County of Lamar; and <br />9) the types and cost of public improvements and services (water and sewer <br />main extensions, streets and alleys, etc.) required of the City and the types <br />and values of public improvements to be furnished by the applicant. <br />g) Economic Qualification. In order to be eligible to receive tax Abatement, the <br />planned improvements: <br />1) must be reasonably expected to increase the appraised value of the property; <br />AND <br />2) must be expected to prevent the loss of employment, retain, or create <br />employment on a permanent, full-time basis in the City during the term of the <br />Agreement; AND <br />3) should not be expected to solely or primarily have the effect of inerely <br />transferring existing employment from one part of the City to another without <br />demonstration of increased future investment (Dollars or jobs) or unusual <br />circumstances whereby without such a move employment is likely to be <br />reduced; AND <br />4) must be necessary because capacity cannot be provided efficiently utilizing <br />existing improved property, even when reasonable allowance is made for <br />necessary improvements or relevant governmental actions. <br />-4- <br />
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