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<br />RESOLUTION NO. <br /> <br />93-031 <br /> <br />WHEREAS, the City Council of the City of Paris, Paris, Texas, <br />desires to promote the development or redevelopment of a certain <br />contiguous area within its jurisdiction by designating it a <br />reinvestment zone to be known as Reinvestment Zone Number Four; <br />and, <br /> <br />WHEREAS, the City has <br />described by the metes and <br />plat attached hereto as <br />reinvestment zone under <br />Abatement Act, as amended; <br /> <br />preliminarily determined that the area <br />bounds description, and depicted on the <br />Exhibit A meets the criteria for a <br />the Property Redevelopment and Tax <br />and, <br /> <br />WHEREAS, the Act further requires that prior to the adoption <br />of the ordinance providing for the establishment of a reinvestment <br />zone to promote development or redevelopment within such zone <br />through the use of tax abatement, the City Council must hold a <br />public hearing on the adoption of the proposed Reinvestment Zone <br />Number Four and find that the improvements sought are feasible and <br />practical and would be of benefit to the land to be included in the <br />zone and to the community and providing interested persons the <br />opportunity to speak and present evidence for or against the <br />designation; and, <br /> <br />WHEREAS, the City desires by the calling and holding of such <br />public hearing to provide a reasonable opportunity for any owner of <br />property located within the proposed zone, any other taxing <br />districts, and any other interested persons to speak for or against <br />the creation of the proposed reinvestment zone or the inclusion of <br />any property therein; NOW THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, <br />PARIS, TEXAS: <br /> <br />1. That a public hearing shall be held at 6 :00 p.m. on <br />April 8, 1993, in the Council Chambers of the City Hall located at <br />135 First Street S.E., Paris, Lamar County, Texas, at which time <br />any interested person may appear and speak for or against the <br />creation of the proposed Reinvestment Zone No. Four, whether all or <br />part of the territory described in the metes and bounds <br />description, and depicted on the plat attached hereto as Exhibit A <br />should be included in such proposed reinvestment zone, and the <br />concept of offering tax abatement or other economic incentives, if <br />any. <br /> <br />2. That notice of such public hearing shall be published in <br />the official newspaper of the City of Paris not later than seven <br />(7) days prior to the date of such hearing, and that written notice <br />of such hearing along with a copy of this resolution shall be <br />delivered to the presiding officer of the governing body of each <br />taxing unit that includes in its boundaries real property that is <br />to be included in the proposed reinvestment zone. A notice shall <br />be presumed delivered when placed in the mail postage paid and <br />properly addressed to the appropriate presiding officer. Any <br />notice properly addressed and sent by registered or certified mail <br />for which a return receipt is received by the sender is considered <br />to have been delivered. <br />