02 City Council Min 10-10-05 - Laserfiche WebLink

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Regular City Council Meeting October 10, 2005 Page 4 GOVERNMENT CODE; PROVIDING TAX INCENTIVES; NOMINATING KIMBERLY-CLARK CORPORATION TO THE OFFICE OF-. THE GOVERNOR ECONOMIC DEVELOPMœNTAND TOURISM THROUGH THE ECONOMIC DEVELOPMœNT BANK FOR DESIGNATION AS A QUALIFIED BUSINESS AND DOUBLE JUMBO ENTERPRISE PROJECT UNDER THE ACT; DESIGNATING A LIAISON FOR OVERSEEING ENTERPRISE PROJECTS AND COMMUNICATING WITH INTERESTED PARTIES; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. A Motion to approve was made by Council Member Wilson and seconded by Council Member Wilkerson. Motion carried, 6 ayes - 0 nays. B. ORDINANCE NO. 2005-056: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS, PROVIDING FOR THE ESTABLISHMENT OF REINVESTMENT ZONE NO. 12 IN SUPPORT OF A TAX ABATEMENT AGREEMENT WITH KIMBERLY-CLARK CORPORATION; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING FOR AN EFFECTIVE DATE. A Motion to approve was made by Council Member Wilkerson and seconded by Council Member Wilson. Motion carried, 6 ayes - 0 nays. 7. A. Consideration of and action on the following resolutions: RESOLUTION NO. 2005-126: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS, APPROVING AND A UTH 0 RIZIN G A TAX ABATEMENT AGREEMENT WITH KIMB ERL Y- CLARK CORPORATION; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. Council Member Manning expressed concern for doing a ten year tax abatement in that it would set a precedent that they could not change. He said usually they were for seven years. He inquired as to if there were guidelines, because he wanted it to be fair for all of the industries. Gary Vest said a committee had been formed and they were working on guidelines and criteria for tax abatements. He saip they were working on guidelines that '1 " T I