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<br />e <br /> <br />e <br /> <br />(2) must be expected to prevent the loss of employment, <br />retain or create employment for at least 30 people on <br />a permanent basis in Harris County; <br />(3) must not be expected to solely or primarily have the <br />effect of transferring employment from one part of <br />Harris County to another; and, <br />(4) must be necessary because capacity cannot be provided <br />efficiently utilizing existing improved property when <br />reasonable allowance is made for necessary <br />improvements. <br /> <br />(i) Taxability. From the execution of the abatement to the end <br />of the agreement period taxes shall be payable as follows: <br />(1) The value of ineligible property as provided in <br />Section 2(e) shall be fully taxable; <br />(2) the base year value of existing eligible property as <br />determined each year shall be fully taxable; and, <br />(3) the additional value of new eligible property shall <br />be taxable in the manner described in Section 2(g). <br /> <br />APPLICATION Section 3. <br /> <br />(a) Any present or potential owner of taxable property in <br />Harris County may request the creation of a reinvestment <br />zone or tax abatement by filing a written request with the <br />County Judge. <br /> <br />(b) The application shall consist of a completed application <br />form accompanied by: a general description of the new <br />improvements to be undertaken; a descriptive list of the <br />improvements for which an abatement is requested; a list of <br />the kind, number and location of all proposed improvements <br />of the property; a map and property description; a time <br />schedule for undertaking and completing the proposed <br />improvements. In the case of modernization a statement of <br />the assessed value of the facility, separately stated for <br />real and personal property, shall be given for the tax year <br />immediately proceeding the application. The application <br />form may require such financial and other information as <br />the County deems appropriate for evaluating the financial <br />capacity and other factors of the applicant. <br /> <br />(c) Upon receipt of a completed application, the County Judge <br />shall notify in writing and provide a copy of the <br />application to the presiding officer of the governing body <br />of each eligible jurisdiction. <br /> <br />(d) After receipt of an application for creation of a <br />reinvestment zone and application for abatement, the County <br />shall prepare a feasibility study setting out the impact of <br />the proposed reinvestment zone and tax abatement. The <br />feasibility study shall include, but not be limited to, an <br /> <br />- 5 - <br />