2017-033 - Kimberly-Clark Tax Abatement

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0411,1111111 KIMBERLY-CLARK CORPORATION- MAKING OTHER FINDINGS AND PROVISIONS RELATED TO TH� SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Paris, Texas has been presented a proposed agreement by and between the City and Kimberly-Clark Corporation providing for a commercial and industrial tax abatement for certain improvements, a copy of which is attached hereto as Exhibit 1 and incorporated herein by reference, hereinafter called the "Agreement",and, WHEREAS, the City Council did heretofore, on the 1111, day of January, 2016, in Resolution No. 2016-003, reaffirm its election to be eligible to participate in tax abatement agreements authorized by the Property Redevelopment and Tax abatement Act, Texas Government Code Chapter 312, et seq. (the Act"), in order to maintain and enhance the commercial and industrial economic and employment base of the Paris area for the long term interest and benefit of the City and its citizens; and, WHEREAS, the City Council did heretofore, on the 14d, day of November 2016, pass Ordinance No. 2016-034 (hereinafter referred to as the `°Ordinance") authorizing the City of Paris to participate in the Texas Enterprise Zone Program Linder the Texas Enterprise Zone, Act, Chapter 2303 of the Texas Government Code (the "Act"); providing tax incentives; nominating Kimberly-Clark Corporation to the Office of the Governor Economic Development and Tourism through the Economic Development Bank for Designation as a qualified business and 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; and WHEREAS, an Enterprise Zone Project Designation was granted for the, "project" described in the Ordinance and in the Agreement attached hereto (hereinafter called the "Project") by letter addressed to the City of Paris, Texas, and to the Company, dated February 27, 2017, by the Office of the Governor of the State of Texas (Economic Development & Tourism)!, in which a project designation number of EP1056-1201116-P was assigned to this Project; and WHEREAS, under the Texas Enterprise Zone Act (Government Code Chapter 2303), the designation of an area as an Enterprise Zone also constitutes designation of the area as a reinvestment zone (the "Reinvestment Zone"); and the City of Paris, Texas, ordained in section 5 of the Ordinance that the Enterprise Zone areas within the City are Reinvestment Zones under the provisions of the Texas Tax Code, Chapter 312; and WHEREAS, the property defined in the Agreement and the Project and improvements to be made under the Agreement are Situated within the Reinvestment Zone