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ORDINANCE NO. 98-067 <br />AN ORDINANCE OF THE CITY OF PARIS, PARIS, TEXAS, PROVIDING THAT THE <br />CODE OF ORDINANCES, CITY OF PARIS, BE REVISED BY AMENDING CHAPTER <br />30 OF SAID CODE; PROVIDING FOR THE ESTABLISHMENT OF REINVESTMENT <br />ZONE NO. 6: REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN <br />CONFLICT HEREWITH; AND PROVIDING FOR AN EFFECTIVE DATE OF <br />NOVEMBER 9, 1998. <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 <br />the creation of a reinvestment zone for commercial and industrial tax abatement, as authorized by <br />the Property Redevelopment and Tax Abatement Act, as amended; and, <br />WHEREAS, on the 19th day of September, 1996, and the 7th day of August, 1997, <br />hearings before the City Council were held, and the City, at such public hearings, invited any <br />interested person to appear and speak for or against the designation of an area of the City of Paris <br />as an enterprise zone; and, <br />WHEREAS, the City Council of the City of Paris did heretofore, on the 14th day of <br />October, 1996, in Ordinance No. 96-060, which was amended on the l lth day of August, 1997, <br />by Ordinance No. 97-039, nominate an area of the City of Paris as a state-designated enterprise <br />zone; and, <br />WHEREAS, the City Council of the City of Paris did heretofore, on the 4th day of <br />December, 1997, in Resolution No. 97-146, authorize the execution of the Agreement for <br />Designation of an Enterprise Zone which designated an area of the City as an enterprise zone <br />known as the City of Paris Enterprise Zone; and, <br />WHEREA5, V.T.C.A., Tax Code, Section 312.2011, states that designation of an area <br />as an enterprise zone constitutes designation of the area as a reinvestment zone without the <br />necessity of further hearing or other procedural requirements; NOW THEREFORE, <br />BE IT RESOLVED 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 />Section 2. That the City has made the following findings and determinations: <br />a) That the boundaries of the reinvestment zone are described by metes and bounds <br />and depicted on the plat attached hereto as Exhibit A, hereinafter referred to as <br />Reinvestment Zone No. 6; and, <br />