15-MOTION TO REAPPROVE EXISTING TAX ABATEMENT POLICYCITY COUNGIL AGENDA ITEM BRIEFING SHEET
Submittal Date:
Originating Department:
Presented By:
Agenda Ixem No.:
6-I-12
Councii Date:
Legal
John Godwin, City Manager
15.
6-25-12
RECOMMENDEI? MOTION:
Motion to reapprove the existing Tax Abatement Policy cansistent with Chapter 312 of the Texas Tax Code
POLICY ISSUE(S):
Economic Development
Paris Economic Development Corporation has indicated that several industries will be approaching the
City of Paris and the other local taxing entities this year for tax abatements. Prior to moving forward
with review of these tax abatement requests, the City Council must approve Amended Guidelines and
Criteria for the Tax Abatecnent Program.
The Amended Guidelines and Criteria for Tax Abatement are streamlined and allow the City Council
znore flexibzlity in negotiating tax abatement agreements on a case by case basis. The Guidelines also
eliminate the need for an extra tax abatement review committee which is no longer necessary as all tax
abatement applications are subject to review by the Board of Directors of the Paris Economic
Development Corporation, City Manager and staff and final review and approval by the Paris City
Council.
The Amended Guidelines and Criteria will also allow the City Council to pursue a Residential Taac
Abatement Program for designated areas of the community needing eeonomic reinvestment.
At the City Council meeting of June 11, 2012, City Council decided to postpone this item until PEDC
had a chance to discuss the amendments at their meeting of June 12, 2012. At their meeting, PEDC
temporarily re-approved the existing policy and the Council now needs to do likewise. We will bring
this item back on July 23 for final resolution.
BOARD/COMMISSIQN RECOMMENDATION:
None
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City of Paris
Revised 2/04/08
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