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RESOLUTION NO. 2012-072 <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 GUIDELINES <br />AND CRITERIA FOR GRANTING TAX ABATEMENTS IN THE CITY <br />OF PARIS, TEXAS; MAKING OTHER FINDINGS AND PROVISIONS <br />RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE <br />DATE. <br />WHEREAS, Section 312.002 of the Texas Tax Code requires local taxing units to state their <br />intent to participate in tax abatement agreements and to adopt guidelines and criteria for granting tax <br />abatements every two years; and <br />WHEREAS, on June 25, 2012 and July 23, 2012, City Council deliberated on whether to <br />adopt a new set of Guidelines and Criteria for Tax Abatement or to approve the existing Guidelines <br />and Criteria and the City Council voted unanimously to approve the existing Guidelines and Criteria <br />for Tax Abatements; and, <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS, 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 />ratifies and approves the current Guidelines and Criteria for Tax Abatements attached hereto and <br />incorporated herein as Exhibit "A". The Guidelines and Criteria is the policy that the Ciry of Paris, <br />Texas will follow in considering and approving Tax Abatement Agreements with property owners <br />within the City Limits. <br />Section 3. This resolution shall become effective from and aftekthA date of passage. <br />PASSED AND APPROVED this 13th day of August, :N012 <br />A.J. HaslrD*, <br />TE <br />ST: ice Ellis, City Clerk <br />APPROVED A FORM: ~ <br />W. Kent McIlyar, ity Attorney <br />