2026-011 - Amending the tax abatement agreement, as previously amended, with We’re Going to Paris, LLC on the property located at 6354 Northwest 7th Street, Martin St., Addition Block A, Lots

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RESOLUTION NO. 2021-,012 ARESOLUTIONOFTHE CITY COUNCIL OF THE CITY OF PARIS, Tires RE -AUTHORIZING THE CITYTO BECOME ELIGIBLE TO PARTICIPATE IN RESIDENTIAL TAIL ABATEMENTS AND APPROVING GUIDELINES AND CRITERIA FOR THE RESIDENTIAL TAX ABATEMENT PROGRAM; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATA. WHEREAS, Sec. 312.002 ofthe Texas Tax Code requires local tasingentities 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, on February 9, 2015, the City Council -passed Ordinance No. 2015-002 amending Reinvestment Zone 2013.1 for Residential Tax Abatements to expand it to include all Council Districts in the City and designated the new reinvestment zone as Reinvestment Zone No. 2015-1; and WHEREAS, on January 9, 2017, the City Council approved Resoulution 2017-001 re- authorizing the City to become eligible to participate in residential tax abatements and approving guidelines and criterial for the residential tax abatement program; and WHEREAS, on April 22, 2019, the City Council approved Resoulution 2019-013 re- authorizingthe City to become eligible to participate in residential tax abatements: and approving guidelines and criterial for the residential tax abatement program; and WHEREAS, in 2021, City Council re -authorized Reinvestment zone 2 015-0 1 and renamed it Reinvestment Zone No. 2020-1; and WHEREAS, pursuant to Texas Tax Code Sec. 312.002(c), guidelines and criterla for tax abatements are effective for two years from the date adopted; and WHEREAS, the City Council continues to desire to participate in a residential tax abatement program in the City of Paris and has been presented Guidelines and Criteria for a Residential Tax Abatement Program; 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