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RESOLUTION NO. <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS <br />AUTHORIZING THE CITY A CHAPTER 380 RETAIL ECONOMIC <br />DEVELOPMENT PROGRAM; MAKING OTHER FINDINGS AND <br />PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN <br />EFFECTIVE DATE. <br />WHEREAS, the home rule municipalities are authorized by Article 52-a of the Texas <br />Constitution and Chapter 380 of the Texas Local Government Code to provide economic <br />development incentives to promote local economic development and to stimulate business <br />and commercial activity in the municipality; and <br />WHEREAS, the City wishes to adopt a program of such development incentives for <br />the purpose of encouraging the growth of the City's retail economy; and <br />WHEREAS, the City has determined that adopting the Chapter 380 Retail Economic <br />Development Program attached hereto as Exhibit A and incorporated herein by reference <br />will: (i) further the objectives of the City; (ii) benefit the City and the City's inhabitants; and <br />(iii) promote local economic development and stimulate business and commercial activity in <br />the city; <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS, TEXAS, THAT: <br />Section 1. The findings set out in the preamble to this resolution are hereby in all <br />things approved. <br />Section 2. The City hereby adopts the Chapter 380 Retail Economic Development <br />Program attached hereto 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 28th day of February, 2022. <br />Paula Portugal, Mayor <br />