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<br />DRAFT <br /> <br />f:attorney\reswork\current\ Tax Abatement Agreement Res - Paris Warehouse 107, Inc. <br />March 16,2006 <br /> <br />RESOLUTION NO. <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />PARIS, TEXAS, APPROVING AND AUTHORIZING A TAX ABATEMENT <br />AGREEMENT WITH PARIS WAREHOUSE 107, INC.; MAKING OTHER <br />FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND <br />PROVIDING AN EFFECTIVE DATE. <br /> <br />WHEREAS, the City Council of the City of Paris, Paris, Texas, desires to promote the <br />development or redevelopment of a certain contiguous geographic area within its jurisdiction as <br />authorized by the Property Redevelopment and Tax Abatement Act, as amended; and, <br /> <br />WHEREAS, the City Council has been presented a proposed agreement by and between the <br />City of Paris, Paris, Texas, and Paris Warehouse 107, Inc., providing for a commercial and industrial <br />tax abatement for certain improvements, a copy of which is attached hereto and incorporated herein <br />by reference hereinafter called "AGREEMENT"; and, <br /> <br />WHEREAS, on the 27th day of March, 2006, a public hearing was held, and the City, at such <br />public hearing, invited any interested person to appear and speak for or against the requested tax <br />abatement for Paris Warehouse 107, Inc., identified as Tax Abatement No. 13; and, <br /> <br />WHEREAS, upon full review and consideration of the AGREEMENT, and all matters <br />attendant and related thereto, the City Council is ofthe opinion that the terms and conditions thereof <br />should be approved, and that the Mayor should be authorized to execute it on behalf of the City of <br />Paris; NOW THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS <br />TEXAS: <br /> <br />Section 1. That the findings set out in the preamble to this resolution are hereby in all things <br />approved. <br /> <br />Section 2. That the terms and conditions ofthe proposed AGREEMENT between the City <br />of Paris and Paris Warehouse 107, Inc. (Tax Abatement No. 13), having been reviewed by the City <br />Council of the City of Paris and found to be acceptable and in the best interests of the City of Paris <br />and its citizens, be, and the same are hereby, in all things, approved. <br /> <br />Section 3. That the Mayor is hereby authorized to execute the AGREEMENT and all other <br />documents in connection therewith on behalf of the City of Paris substantially according to the terms <br />and conditions set forth in the AGREEMENT. <br /> <br /> <br />...- 'i <br />