2025-030 - Repealing Resolution No. 2025-010 and Discontinuing the City’s Residential Tax Abatement Program

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RESOLUTION NO. 2025-030 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS REPEALING RESOLUTION NO. 2025-010 AND DISCONTINUING THE CITY'S RESIDENTIAL TAX ABATEMENT PROGRAM; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, Sec. 312.002 of the Texas Tax Code requires local taxing entities to state their intent to participate in abatement agreements and to adopt guidelines and criteria for granting tax abatements; and WHEREAS, on October 14, 2013 in Ordinance No. 2013-036, the City Council designated Reinvestment Zone No. 2013-1 for residential tax abatements; and WHEREAS, concurrent with Ordinance No. 2013-036, the City Council also approved Resolution No. 2013-036 electing to be eligible to participate in a residential tax abatement program and approving Guidelines and Criteria for Residential Tax Abatement Program as required by statute; and WHEREAS, the city has maintained the residential tax abatement program, reauthorizing in every two years as required bylaw, most recently on February 24, 2025 in Resolution No. 2025- 010 on February 27, 2025; and WHEREAS, over the years, .the city has reauthorized the residential tax abatement reinvestment zone, most recently redesignating it as Reinvestment Zone No. 2025-1 on January 27, 2025 by Ordinance No. in 2020-003; and WHEREAS, the residential tax abatement program has been utilized very little since its inception in 2013; and WHEREAS, the City Council finds it to be in the best interest of the city and its residents to discontinue the program at this time; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, THAT: Section 1. The findings set out in the preamble to this resolution are hereby in all things approved and are incorporated herein for all purposes.