11 - Resolution Approving Agreement to Terminate Tax Abatement Agreement with Campbell Soup

Home Browse Search

RESOLMON NO. 2JU-9Q3 Kill 01MOC" MAO oil) D144 14 CRTAMM WHEREAS, Section 312.002 of the Texas Tax Code requires local taxing units to mate their intent to participate in tax abatement agreements and to adopt guidelines and criteria for granting tax abatements every two years; and WHEREAS, these updated policies, guidelines and criteria for tax abatement agreements wen reviewed and approved by the Paris Economic Development Corporation Board at their meeting on November 17, 2015, a copy of which is attached as Exhibit and incorporated herein by reference, hereinaftex referred to as "Agreement"; and WHEREAS, the City Council of the City of Paris, Texas hereby affirms its intent to be eligible to participate in tax abatement in accordance with Chapter 312 of the Texas Tax Code and to adopt the Guidelines and Criteria for Tax Abatement attached hereto and incorporated herein as Exhibit "A;" and WHEREAS, a dwee-quarters majority vote of the City Council of the City of Paris, Texas is required to amend the Guidelines and Criteria for Tax Abatement. Section 1. The findings set out in the preamble to this resolution are hereby in all things ?pproved. Section 2. The City hereby elects to be eble to participate in a tax abatement program and approves and adopts the amended Guidelines and Criteria for Tax Abatement attached hereto and incorporated herein as Exhibit "'A". . .. ........ 111111 111''1111 FR!ice Ellis, CLity Clerk 111 11111111111111111111 111 illillilillilifilli FPIJI 11111111111111111 11�1;1�pii�111111 1111111111 MUM 9,711M