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ORDINANCE NO. 2016 -034 <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS <br />AUTHORIZING THE CITY OF PARIS TO PARTICIPATE IN THE TEXAS <br />ENTERPRISE ZONE PROGRAM UNDER THE TEXAS ENTERPRISE ZONE <br />ACT, CHAPTER 2303, TEXAS GOVERNMENT CODE; PROVIDING TAX <br />INCENTIVES; NOMINATING KIMBERLY -CLARK CORPORATION TO THE <br />OFFICE OF THE GOVERNOR ECONOMIC DEVELOPMENT AND TOURISM <br />THROUGH THE ECONOMIC DEVELOPMENT BANK FOR DESIGNATION AS <br />A QUALIFIED BUSINESS AND ENTERPRISE PROJECT UNDER THE ACT; <br />DESIGNATING A LIAISON FOR OVERSEEING ENTERPRISE PROJECTS AND <br />COMMUNICATING WITH INTERESTED PARTIES; MAKING OTHER <br />FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND <br />DECLARING AN EFFECTIVE DATE. <br />WHEREAS, the City of Paris, Texas ( "the City") desires to create the proper <br />economic and social environment to induce the investment of private resources in <br />productive business enterprises located in severely distressed areas of the City and to <br />provide employment to residents of those areas; and, <br />WHEREAS, Kimberly -Clark Corporation ( " Kimberly- Clark ")was previously <br />designated an Enterprise Project on December 22, 1999, with an expiration date of <br />December 22, 2004, by the Texas Department of Economic Development and successfully <br />completed all elements of its designation; and, <br />WHEREAS, Kimberly -Clark was previously designated an Enterprise Project on <br />December 1, 2005, with an expiration date of December 1, 2010, by the Texas Department <br />of Economic Development and successfully completed all elements of its designation; and, <br />WHEREAS, Kimberly -Clark was previously designated an Enterprise Project on <br />September 1, 2011, with an expiration date of September 1, 2016, by the Texas Department <br />of Economic Development and successfully completed all elements of its designation; <br />WHEREAS, the project or activity nominated herein is not located in an area <br />designated as an enterprise zone; <br />WHEREAS, pursuant to the Texas Enterprise Zone Act, Chapter 2303, Subchapter F <br />Texas Government Code (the "Act "), Kimberly -Clark has applied to the City for designation <br />as an enterprise project; <br />WHEREAS, the Act authorizes the designation of enterprise projects within an <br />enterprise zone (or, if the requirements of Section 2303.402(a)(2) of the Act are met, <br />within an area that does not qualify as an enterprise zone); and, <br />