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RESOLUTION NO. 2022-002 <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 to conduct a public hearing prior to said authorization <br />and adoption; and <br />WHEREAS, the City Council last adopted Criteria and Guidelines for Tax Abatement on <br />January 13, 2020; and <br />WHEREAS, on January 10, 2022, the City Council conducted a public hearing as required by <br />law; and <br />WHEREAS, after considering public comment, if any, at said public hearing, the City Council <br />of the City of Paris, Texas hereby reaffirms its intent to be eligible to participate in property tax <br />abatements in accordance with Chapter 312 of the Texas Tax Code and to adopt the Guidelines and <br />Criteria for Tax Abatement attached hereto and incorporated herein as Exhi it_ ; 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; and <br />WHEREAS, the City Council elects to readopt the Guidelines and Criteria for Tax Abatement <br />adopted on January 13, 2013 without amendment; <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 Guidelines and Criteria for Tax Abatement attached hereto <br />and incorporated herein as Exhibit A. <br />Section 3. This resolution shall become effective from and after the date of passage. <br />PASSED AND APPROVED this 10th day of January, 2022. <br />7adt <br />Paula Portugal, Mayor ( <br />