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<br /> 7(;/3 <br /> Page 3 <br /> Agreement, the requirement for each "full-time job equivalent" is met by: <br /> 1. one full-time salaried or hourly position filled for at least nine months of the <br /> calendar year; or <br /> 2. one or more part-time positions combining for a total of 2,000 hours worked <br /> --~~ during the calendar year. <br /> 3. <br /> TERM, ABATEMENT PERIOD AND RATE OF ABATEMENT <br /> A. The existing and any real estate or ad valorem property taxes hereafter <br /> imposed by the City on 100% of the taxable value of the Improvements shall be abated for <br /> four years (the "Tax Abatement"), provided that Thrifty Call satisfies all of its obligations <br /> under this Agreement. The four years of Tax Abatement (the "Abatement Period") shall be <br /> . <br /> the tax years 1996, 1997, 1998, and 1999. <br /> B. The Tax Abatement shall not include any equipment, inventory, materials, or <br /> other personal property, nor shall it include any increase in the value of the land upon which <br /> the Improvements are situated. <br /> 4. <br /> RECORDS AND AUDITS <br /> A. On or before February 1 of each year of the Abatement Period, Thrifty Call <br /> shall furnish to the City records certified by an authorized officer of Thrifty Call supporting <br /> Thrifty Call's tax abatement for the current tax year. These records shall pertaIn to Thrifty <br /> Call's compliance with this Agreement for the calendar year preceding the date of the <br /> report. The City shall evaluate the information furnished, and shall have the right to request <br /> and receive from Thrifty Call additional relevant information needed to help the City <br />