2000-007-ORD PROVIDING CODE OF ORDINANCES BE REVISED BY AMENDING CHAPTER 30 OF SAID CODE

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ORDINANCE NO. 2000-007 AN ORDINANCE OF THE CITY OF PARIS, PARIS, TEXAS, PROVIDING THAT THE CODE OF ORDINANCES, CITY OF PARIS, BE REVISED BY AMENDING CHAPTER 30 OF SAID CODE; PROVIDING FOR THE ESTABLISHMENT OF REINVESTMENT ZONE NO.8; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING FOR AN EFFECTIVE DATE OF FEBRUARY 14, 2000. WHEREAS, the City Council of the City of Paris, Paris, Texas, desires to promote the development or redevelopment of a certain contiguous geographic area within its jurisdiction by the creation of a reinvestment zone for commercial and industrial tax abatement, as authorized by the Property Redevelopment and Tax Abatement Act, as amended; and, WHEREAS, on the 19th day of September, 1996, and the 7th day of August, 1997, hearings before the City Council were held, and the City, at such public hearings, invited any interested person to appear and speak for or against the designation of an area of the City of Paris as an enterprise zone; and, WHEREAS, the City Council of the City of Paris did heretofore, on the 14th day of October, 1996, in Ordinance No. 96-060, which was amended on the 11th day of August, 1997, by Ordinance No. 97-039, nominate an area of the City of Paris as a state-designated enterprise zone; and, WHEREAS, the City Council of the City of Paris did heretofore, on the 4th day of December, 1997, in Resolution No. 97-146, authorize the execution of the Agreement for Designation of an Enterprise Zone which designated an area of the City as an enterprise zone known as the City of Paris Enterprise Zone; and, WHEREAS, V.T.C.A., Tax Code, Section 312.2011, states that designation of an area as an enterprise zone constitutes designation of the area as a reinvestment zone without the necessity of further hearing or other procedural requirements; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS: Section 1. That the facts and recitations contained in the preamble of this Ordinance are hereby found and declared to be true and correct. Section 2. That the City has made the following findings and determinations: