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Item No. 16 <br />TO: Mayor & City Council <br />FROM: John Godwin, City Manager <br />SUBJECT: PARIS REGIONAL MEDICAL CENTER TAX ABATEMENT <br />DATE: August 15, 2018 <br />BACKGROUND: The City of Paris entered into a tax abatement agreement with Paris Regional <br />Medical Center a number of years ago to help offset a significant investment made by PRMC, <br />mostly at their north campus. One of the requirements of the agreement was that the south <br />campus would remain open in some fashion in order to prevent a large vacant building in the <br />center of Paris. Since the abatement was approved however, PRMC has taken prudent measures <br />to consolidate its operations, and has chosen not to invest in significant capital maintenance and <br />replacement at the south campus's very old facility. No patients are served there. <br />STATUS OF ISSUE: Representatives from the hospital will attend the August 27 council <br />meeting to report to the council about the hospital's status, and request that the existing <br />agreement be amended to delete further references to and requirements for the south campus. <br />All investments were met and exceeded at both locations, and job retention requirements were <br />exceeded. <br />BUDGET: NA. <br />RECOMMENDATION: Instruct the city attorney to prepare required amendment documents. <br />