1989-11-13 Regular Meeting - Laserfiche WebLink

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e e ~. DEFINITIONS Section 1. (a) "Abatement" means the full or valorem taxes of certain real zone designated by (affected development purposes. partial exemption from ad property in a reinvestment jurisdiction) for economic (b) "Affected jurisdiction" means Harris County and any municipality or school district, the majority of which is located in Harris County, that levies ad valorem taxes upon and provides services to property located within the proposed or existing reinvestment zone designated by Harris County. ( c) "Agreement II means a contractual property owner and/or lessee and for the purposes of tax abatement. agreement between a (affected jurisdiction) ') (0) "Base year valuell means the assessed value of property January 1 preceding the execution of the plus the agreed upon value of eligible improvements made after January 1 but before the of the agreement.' : eligible agreement property execution (e) "Deferred maintenance" means improvements necessary for continued operations which do not improve productivity or alter the process technology. (f)' "Distribution Center Facility" means buildings and structures, including machinery and equipment, used or to be used primarily to receive, store, service or distribute goods or materials owned by the facility operator where a majority of the goods or services are..distributed to points at least 100 miles from any part of Harris County. ( g) "Expansion" means the addition machinery' or equipment for production capacity. of buildings, purposes of structures, increasing (h) "Facili ty" means property improvements completed or in the process of construction which together comprise an integral whole. (i) "M~nuf~cturing Facility" means buildings and structures, including machinery and equipment, the primary purpose of which is or will be the manufacture of tangible goods or materials or the processing of such goods or materials by physical or chemical change.