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Book: 4410 Page: 861. <br /> Abatement for a specific project will cease after the third year or upon <br /> expiration, termination or decertification of the Decatur Macon County <br /> Enterprise Zone, whichever is sooner. <br /> G. The above property tax abatements shall be applicable for eligible retail, <br /> restaurant, hotel/motel and commercial projects involving real property upon <br /> which construction, improvements, renovation or rehabilitation,for which a <br /> building permit is required, which results in an increase in the equalized assessed <br /> valuation of at least$25,000 has been completed after January 1, 2016 and prior <br /> to the expiration,termination or decertification of the Decatur Macon County <br /> Enterprise Zone. <br /> Questions as to the eligibility of a project will be decided by the Enterprise Zone <br /> Administrator,with advice and consent of the Enterprise Zone Advisory Board. <br /> H. Entities meeting qualification criteria outlined above must enter into a <br /> Memorandum of Understanding with the Decatur Macon County Enterprise <br /> Zone through its Enterprise Zone Administrator, outlining projected job creation <br /> and/or job retention, and capital investment for the eligible Office/Knowledge- <br /> based, Warehouse/Distribution/Logistic(s) and Industrial/Manufacturing-based <br /> projects or documentation that minimum increases in equalized assessed <br /> valuation have been met for eligible retail, restaurant, hotel/motel and <br /> commercial projects,and said Administrator is hereby authorized to enter such <br /> agreements on behalf of the Decatur Macon County Enterprise Zone. <br /> 1) Entities receiving property tax abatement for eligible Office/Knowledge- <br /> based, Warehouse/Distribution/Logistic(s) and Industrial/Manufacturing- <br /> based projects must agree to maintain a minimum of 90%of the <br /> employment levels at that location as described in the Memorandum of <br /> Understanding for the term of abatement. At the discretion of the <br /> Enterprise Zone Administrator, with the advice and consent of the <br /> Enterprise Zone Advisory Board,failure to maintain a minimum of 90%of <br /> the employment levels during the agreement period may result in the <br /> immediate termination of remaining abatement and/or the pro- <br /> rata repayment of previously abated real property taxes to the applicable <br /> taxing districts. <br /> Page 5of11 <br />