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Draft <br />RESOLUTION NO. <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />TEXAS AUTHORIZING THE CITY TO BECOME ELIGIBLE TO <br />PARTICIPATE IN TAX ABATEMENT AND APPROVING AMENDED <br />GUIDELINES AND CRITERIA FOR GRANTING TAX ABATEMENTS <br />IN THE CITY OF PARIS, TEXAS; MAKING OTHER FINDINGS AND <br />PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN <br />EFFECTIVE DATE. <br />WHEREAS, the City Council of the City of Paris, Texas has previously adopted a <br />resolution expressing its intent to consider Tax Abatements and adopting Tax Abatement <br />Guidelines as required by the Texas Tax Code. Chapter 312; and <br />WHEREAS, Section 312.002 of the Texas Tax Code requires the city to update its guidelines <br />and criteria for granting tax abatements every two years; and <br />WHEREAS, the Paris City Council desires to amend the Tax Abatement Guidelines that <br />will govern the implementation of the City's Tax Abatement Program as allowed by the Texas <br />Tax Code, Chapter 312; <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, <br />TEXAS, THAT: <br />Section 1. The findings set out in the preamble to this resolution are hereby in all things <br />approved. <br />Section 2. The City hereby elects to be eligible to participate in a tax abatement program and <br />adopts the Amended Guidelines and Criteria for Tax Abatements attached hereto and incorporated <br />herein as Exhibit "A". The Guidelines are the policies that the City of Paris, Texas will follow in <br />considering and approving Tax Abatement Agreements with property owners within the City Limits. <br />Section 3. This resolution shall become effective from and after the date of passage. <br />PASSED AND APPROVED this 23th day of July, 2012 <br />A.J. Hashmi, M.D., Mayor <br />ATTEST: <br />Janice Ellis, City Clerk <br />APPROVED AS TO FORM: <br />W. Kent McIlyar, City Attorney <br />- ~ 60 <br />