2005-055-ORD AUTHORIZING COP TO PARTICIPATE IN TEXAS ENTERPRISE ZONE PROGRAM UNDER TEXAS ENTERPRISE ZONE ACT CHAPTER 2303

Home Browse Search

ORDINANCE NO. 2005-055 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS AUTHORIZING THE CITY OF PARIS TO P ARTICIP ATE IN THE TEXAS ENTERPRISE ZONE PROGRAM UNDER THE TEXAS ENTERPRISE ZONE ACT, CHAPTER 2303, TEXAS GOVERNMENT CODE; PROVIDING TAX INCENTIVES; NOMINATING KIMBERL Y_CLARKCORPORATION TO THE OFFICE OF THE GOVERNOR ECONOMIC DEVELOPMENT AND TOURISM THROUGH THE ECONOMIC DEVELOPMENT BANK FOR DESIGNATION AS A QUALIFIED BUSINESS AND DOUBLE JUMBO ENTERPRISE PROJECT UNDER THE ACT; DESIGNATING A LIAISON FOR OVERSEEING ENTERPRISE PROJECTS AND COMMUNICATING WITH INTERESTED PARTIES; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the City of Paris, Texas ("the City") desires to create the proper economic and social environment to induce the investment of private resources in productive business enterprises located in severely distressed areas of the City and to provide employment to residents of those areas; and, WHEREAS, Kimberly-Clark was previously designated an Enterprise Project on December 22,1999, with an expiration date of December 22,2004, by the Texas Department of Economic Development and successfully completed all elements of its designation; and, WHEREAS, Kimberly-Clark continues to be a major employer for the City of Paris; and, WHEREAS, the Texas Enterprise Zone Act, Chapter 2303, Texas Government Code, as amended, (the "Act") authorizes the designation of enterprise projects within an enterprise zone (or, if the requirements of Section 2303.402 (a) (2) of the Act are met, within an area that does not qualify as an enterprise zone); and, WHEREAS, under the 2003 amendments to the Act, the Act is now administered by the Office of the Governor Economic Development and Tourism ("OOGEDT") through the Texas Economic Development Bank ("Bank"); and, WHEREAS, with proper notice to the public, a public hearing to consider this ordinance was held on Monday, October 10,2005, during a regular meeting of the City Council, Love Civic Center, 2025 S. Collegiate Drive, in Paris, during which all interested persons were allowed to appear and be heard; and, WHEREAS, the City Council has determined that passage of this Ordinance would best serve the public health, necessity, and convenience and the general welfare of the City and its citizens; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS: