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<br />Guidelines and Criteria Governing Tax <br />Abatement Agreements <br /> <br />Council has an insert in their package <br />which is an alternate page 7 <br /> <br />This alternate would allow abatement <br />for projects that increase assessed <br />value by $1.0 million but create a <br />minimum of 10 jobs <br /> <br />In. th.is ca. se.. - the abatement is <br />. -.. -". ..-... -. -. _.. <br /> <br />reduced by 1/2 <br /> <br />Guidelines and Criteria Governing Tax <br />Abatement Agreements <br /> <br />For research and development <br />projects, the increase in assessed <br />value is $500,000 and the jobs <br />requirement is five and the <br />abatement period is 5 years <br /> <br />4 <br />