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RESOLUTION NO...ZQ 1,.6=03 . . ....... ... .............. <br />R3 <br />110 3e 31, VX 9 MA A 1 OM I 0, <br />WITMAS, Section 312.002 of the Texas Tax Code requires local taxing units to state their <br />intent to participate in tax abatement agreements and to adopt guidelines and criteria for granting tax <br />abatements every two years; and <br />WHEREAS, these updated policies, guidelines and criteria for tax abatement agreements were <br />reviewed and approved by the Paris Economic Development Corporation Board at their meeting on <br />November 17, 2015, a copy of which is attached as Exhibit "A", and incorporated herein by reference, <br />hereinafter referred to as "Agreement"; and <br />WHEREAS, the City Council of the City of PI Texas hereby affirms its intent to be eligible to <br />participate in tax abatement in accordance with Chapter 312 of the Texas Tax Code and to adopt the <br />Guidelines and Criteria for Tax Abatement attached hereto and incorporated herein as Exhibit "A;" and <br />WHEREAS, a three-quarters majority vote of the City Council of the City of Paris, Texas is <br />required to amend the Guidelines and Criteria for Tax Abatement. <br />Section 1. The findings set out in the preamble to this resolution are hereby in all things <br />approved. <br />Section 2. The City hereby elects to be elble to participate in a tax abatement program and <br />2pproves and adopts the amended Guidelines and CMeria for Tax Abatement attached hereto and <br />incorporated herein as Exhibit <br />TTEST- <br />,c <br />!;F <br />"I <br />ice Ellis, City Clerk <br />