96-060 ORD NOMINATING AREA AS ENTERPRISE ZONE PURSUANT TO TX ENTERPRISE ZONE ACT

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Transfer of city-owned surplus land at below market prices for the public purpose of economic development. The ability to purchase city-owned land shall be based upon the extent to which t11e business receiving the property creates jobs for qualified employees, in accordance with the attached Exhibit C. Capital improvements in water and sewer facilities and road repair. The City will apply for training grants for new permanent jobs as available and appropriate to the industry. One-stop permitting. Improved fire and police protection. Low interest loans for housing rehabilitation or improvement. Section 4. That the area described in Nhis ordinance is designated as an enterprise zone and a reinvestment zone, subject to the approval of the Texas Department of Commerce. Section 5. That the City Council directs and designates its City Manager as the City's authorized representative to act in all matters pertaiuing to the nomination and designation of the area described herein as an enterprise zone and a reinvestment zone. Section 6. That the City Council further directs and designates its City Project Director as liaison for communication with the Department to oversee zone activities and communications with qualified businesses. Section 7. That a public hearing to consider this ordinance was held by the City Council on September 19, 1996. Section 8. That this ordinance shall take effect from and after its passage as the law and charter in such case provides. PASSED AND ADOPTED by t11e City Council of the City of Paris, Paris, Texas, on the 14th day of October, 1996. ~ ~ Eric S. CATTEST: , Mattie Cunningham, City Cle k APPROVED S TO FORM: . . a ne ity Attorney 2