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RESOLUTION NO. 2018-004 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS <br />AUTHORIZING THE CITY TO BE ELIGIBLE TO PARTICIPATE IN PROPERTY <br />TAX ABATEMENTS AND APPROVING GUIDELINES AND CRITERIA FOR <br />GRANTING TAX ABATEMENTS IN THE CITY OF PARIS, TEXAS; MAKING <br />OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND <br />DECLARING AN EFFECTIVE DATE. <br />WHEREAS, Section 312.002 of the Texas Tax Code requires local taxing units to state every <br />two years their intent to participate in property tax abatement agreements and to adopt guidelines <br />and criteria for granting tax abatements; and <br />WHEREAS, the City Council of the City of Paris, Texas hereby reaffirms its intent to be <br />eligible to participate in property tax abatements in accordance with Chapter 312 of the Texas Tax <br />Code and to adopt the Guidelines and Criteria for Tax Abatement attached hereto and incorporated <br />herein as EXh ii 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 />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, <br />TEXAS, THAT: <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 eligible to participate in a property tax abatement <br />program and approves and adopts the amended Guidelines and Criteria for Tax Abatement <br />attached hereto and incorporated herein as Exh. <br />Section 3. This resolution shall become effective from and after the date of passage. <br />PASSED AND APPROVED this 22nd day of January, 2018. <br />d <br />®`��`• '0 '' Steven afford, d.,a or <br />TTEST: <br />ice Ellis, City Clerk <br />APPROVED AT TO FORM: <br />Steph nie H. Harris, City Attorney <br />