1996-129-RES WHEREAS, THE 4A AND 4B SALES TAX CORPORATIONS HAVE PROVIDED HUNDREDS OF TEXAS CITIES A POWERFUL TOOL

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INTERLOCAL AGREEMENT WHEREAS, the City of Paris desires to enter into an interlocal contract (the Agreement) to perform governmental functions in which the contracting parties are mutually interested; and, WHEREAS, Chapter 791 of the Texas Government Code, as amended, authorizes such Agreement; and, WHEREAS, each of such cities has heretofore authorized, by an election, the collection of additional sales taxes for funding of economic development corporations under the provisions of Article 5190.6, either Sections 4A or 4B, or both Sections 4A and 4B, of the Development Corporation Act of 1979, as amended; and, WHEREAS, proposals have been made in recent months relative to legislation to be introduced to the 75th Legislature of the State of Texas in January, 1997, which involves restrictions on sales tax corporations and tax abatements, among other things; and, WHEREAS, the contracting parties believe that some of such legislative proposals could be damaging to the economic development of small and medium size cities and desire to form a coalition to study such proposals; employ a legislative consultant to develop the positions of such cities with regard to such proposals; and, if necessary, to furnish information and testimony relative to such legislative proposals; and, WHEREAS, the contracting cities also desire to create an administrative agency and provide for the organization, operation, funding, and other responsibilities of such coalition in order to further the common purposes outlined herein for the benefit of each of the contracting parties; EXHIBIT A