10&11 We-Pack Enterprise Proj - Laserfiche WebLink

Home Browse Search

7)Improved fire and police protection; 8)Low interest loans for housing rehabilitation or improvement; 9)Enhanced municipal services; 10)The City may apply for infrastructure grants and/or loans as available and appropriate to the industry; 11)The City may amend the zoning ordinances of the City, as appropriate, to promote economic development; 12)Tax exempt revenue bonds; 13)Freeport exemption. Section 4. That the enterprise zone areas within the City are reinvestment zones in accordance with the Texas Tax Code, Chapter 312. Section 5. That the City of Paris City Council directs and designates its City Project Director as City’s liaison to communicate and negotiate with the EDT through the Bank and enterprise project(s) and to oversee zone activities and communications with qualified businesses and other entities in an enterprise zone or affected by an enterprise project. Section 6. That the City Council finds that We Pack Logistics, L.P. meets the criteria for designation as an enterprise project under Chapter 2303, Subchapter F of the Act on the following grounds: (a)We Pack Logistics, L.P. is a “qualified business” under Section 2303.402 of the Act since it will be engaged in the active conduct of a trade or business at a qualified business site located in an enterprise zone in the governing body’s jurisdiction and at least twenty-five percent (25%) of the business’ new employees will be residents of an Enterprise Zone or economically disadvantaged individuals; and (b)There has been and will continue to be a high level of cooperation between public, private, and neighborhood entities in the area; and (c)The designation of We Pack Logistics, L.P. as an enterprise project will contribute significantly to the achievement of the plans of the City for development and revitalization of the area. Section 7. That the enterprise project shall take effect on the date of designation of the enterprise project by EDT and terminate five years from the date of designation.