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2022-015 - Approving an Economic Development Agreement with Alpha Lake LTD
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2022-015 - Approving an Economic Development Agreement with Alpha Lake LTD
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3/16/2022 3:09:30 PM
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3/3/2022 9:14:35 AM
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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 <br />things approved. <br />Section 2. That the terms of the Economic Development Agreement meet the <br />City's Chapter 380 Economic Development Program adopted by the City of Paris by <br />Resolution No. 2022-_ and will lead to economic development, increased property and <br />sales taxes, and an expansion of retail options for the citizens of the City. <br />Section 3. That the terms and conditions of the proposed Economic Development <br />Agreement attached hereto as Exhibit 1, having been reviewed by the City Council of the <br />City of Paris and found to be acceptable and in the best interests of the City of Paris and its <br />citizens, be, and the same are hereby, in all things approved. <br />Section 4. That the Mayor is hereby authorized to execute an Economic <br />Development Agreement in substantial conformance with the attached Exhibit 1. <br />PASSED AND APPROVED this 28th of February, 2022. <br />APPROVED AS TO FORM: <br />*�SS'tepanieH. Harris, City Attorney <br />Paula Portugal, May <br />
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