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3. The designation of Huhtamaki, Inc. as an Enterprise Project will contribute significantly to <br />the achievement of the plans of the City for development and revitalization of the area; and <br />WHEREAS, the City finds that Huhtamaki, Inc. meets the criteria for tax relief and other <br />Vr <br />grounds that it will be located at the qualified business site, will create a higher level of <br />employment, economic activity and stability; and <br />WHEREAS, the City finds that it is in the best interest of the City to nominate Huhtamaki, <br />Inc. as an Enterprise Project pursuant to the Act; <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, <br />TEXAS, THAT: <br />Section 1. The recitals herein above are hereby approved and are incorporated herein <br />for all purposes. <br />Section 2. The City Council finds that Huhtamaki, Inc. is a "qualified business" as defined <br />in Section 2303.402 of the Act, and meets the criteria for designation as an enterprise project, as <br />set forth in Section 2303, Subchapter F of the Act. <br />Section 3. That the findings of the City and its actions approving this resolution taken at <br />the City Council meeting are hereby approved and adopted. <br />Section 4. That the Enterprise Project shall take effect on the date of the designation of <br />the enterprise project by OOGEDT and terminate five years from the date of designation. <br />Section 5. The City Engineer, or his authorized designee, is hereby authorized to execute <br />Section 6. This Resolution shall become effective immediately upon its passage. <br />Reginald B. Hughes, Mayor <br />