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Q $ e <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 <br />WHEREAS. the City Council of the City of Paris, Texas hereby reaffirms its intent to be <br />eligible to participate in property tax abatements in accordance with Chapter 312 of the Texas Tax <br />Code and to adopt the Guidelines and Criteria for Tax Abatement attached hereto and incorporated <br />herein as ; 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; <br />EMU AQW"AAL= <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 amended Guidelines and Criteria for Tax Abatement <br />attached hereto and incorporated herein as EMMILA. <br />Section 3. This resolution shall become effective from and after the date of passage. <br />PASSED AND APPROVED this 8th day of January, 2018. <br />Steven �R ford, M. ayor <br />Ellis, City Clerk <br />S hnie H. Harris, City Attorney <br />