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r <br />III. TVDes of Incentives <br />It is the intent of the City of Paris to customize the <br />offering of tax abatement incentives on a case -by -case basis. <br />This individualized design is intended to allow maximum <br />flexibility in addressing the unique concerns of each <br />applicant while enabling the City to better respond to the <br />changing needs of the community. <br />The criteria outlined in Section II above will be used <br />to determine whether it is in the best interest of the City <br />of Paris to provide any tax abatement incentives to a <br />particular applicant. The degree to which the specified <br />project furthers the goals and objectives of the City of <br />Paris and the relative impact of the specified project will <br />be used to determine the total value of the tax abatement <br />incentives provided. As a general rule, no tax abatement <br />will be provided to any applicant in an amount exceeding the <br />value of the following: <br />No tax abatement incentive shall be provided which <br />abates more than 100% of the estimated total tax <br />increase to be levied on the proposed property <br />improvements and such abatement shall not exceed a <br />term of 7 years. <br />IV. Application Procedures <br />Any person, organization or corporation desiring that <br />the City of Paris provide tax abatement incentives to <br />encourage their location or expansion of operations within <br />the city limits or the extraterritorial jurisdiction of Paris <br />shall be required to comply with the following application. <br />procedures. However, nothing within these guidelines shall <br />imply or suggest that the City is under any obligation to <br />provide any incentive to any applicant. <br />Any applicant desiring tax abatement incentives shall <br />file an application request which shall include at least the <br />following information: <br />1) A plat showing the precise location of the <br />property, all roadways within 200 feet of the site, and <br />all existing zoning and land uses within 200 feet of the <br />site. <br />2) If the property is described by metes and <br />bounds, a complete legal description should be provided. <br />GUIDELINES & CRITERIA - Page 2 <br />