Laserfiche WebLink
ORDINANCE NO. 2006 -020 <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />PARIS, TEXAS, PROVIDING FOR THE ESTABLISHMENT OF <br />REINVESTMENT ZONE NO. 15 IN SUPPORT OF A TAX ABATEMENT <br />AGREEMENT WITH KIMBERLY -CLARK CORPORATION; MAKING <br />OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; <br />REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN <br />CONFLICT HEREWITH; AND PROVIDING FOR AN EFFECTIVE DATE. <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 by the <br />creation of a reinvestment zone for commercial and industrial tax abatement, as authorized by the <br />Property Redevelopment and Tax Abatement Act, as amended; and, <br />WHEREAS, on the 8th day of May, 2006, a public hearing before the City Council was held <br />regarding the creation of a Reinvestment Zone No. 15 in support of a Tax Abatement Agreement <br />with Kimberly -Clark Corporation, and the City, at said public hearing, invited any interested person <br />to appear and speak for or against the designation of said Reinvestment Zone; and, <br />WHEREAS, in conformance with Section 312.201(d)2 of the Tax Abatement Act, the City <br />provided in excess of seven (7) days written notice of the aforesaid public hearing to the presiding <br />officer of each taxing unit with jurisdiction over the real property within the proposed Reinvestment <br />Zone; and, <br />WHEREAS, the City also complied with the requirements of the Tax Abatement Act by <br />publishing notice of said hearing in the Paris News at least seven (7) days before the hearing; and, <br />WHEREAS, the City also complied with all posting requirements of State Law with regard <br />to providing proper notice of the hearing as part of the City's agenda for its regular meeting at which <br />the public hearing was conducted; and, <br />WHEREAS, having heard the comments received at the aforesaid public hearing, and <br />considered the proposals ofthe Kimberly -Clark Corporation for said tax abatement, the City Council <br />has determined that designating the property described herein as Reinvestment Zone No. 15 in <br />support of a Tax Abatement Agreement with Kimberly -Clark Corporation is in the best interest of <br />the City and the health, safety, and welfare of its citizens; NOW THEREFORE, <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, <br />TEXAS: <br />Section 1. That the facts and recitations contained in the preamble of this Ordinance are <br />hereby found and declared to be true and correct. <br />