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Regular Council Meeting <br />June 24, 2013 <br />Page 10 <br />guidelines for industrial tax abatements. Mayor Hashmi said he would make a Motion to <br />approve the agreement, but requested that Mr. Gilbert to put something together with regard to <br />amendments and bring something back to a future Council meeting. <br />Mayor Hashmi opened the public hearing and asked for anyone wishing to speak in <br />support or opposition of this item, to please come forward. With no one speaking, Mayor <br />Hashmi closed the public hearing. <br />A Motion to approve a ten year tax abatement at 100% was made by Mayor Hashmi and <br />seconded by Council Member Wright. Motion carried, 6 ayes — 0 nays. <br />19. Discuss and possibly act on policies and plans for annexation/disannexation requests. <br />A Motion to remove this item from the table was made by Council Member Lancaster <br />and seconded by Council Member Wright. Motion carried, 6 ayes — 0 nays. <br />Planning Director Alan Efrussy said to help ensure the City's property values and <br />boundaries were adequately protected, an overall policy could help make sure decisions <br />consistent from one case to the next. <br />A Motion to approve the policies and plans was made by Council member Drake and <br />seconded by Council Member Lancaster. Motion carried, 6 ayes — 0 nays. <br />20. Discuss and possibly act on A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF PARIS, TEXAS AUTHORIZING THE CITY TO BECOME ELIGIBLE TO <br />PARTICIPATE IN RESIDENTIAL TAX ABATEMENT AND APPROVING <br />GUIDELINES AND CRITERIA FOR THE RESIDENTIAL TAX ABATEMENT <br />PROGRAM; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE <br />SUBJECT; AND DECLARING AN EFFECTIVE DATE. <br />A Motion to remove this item from the table was made by Council Member Drake and <br />seconded by Council Member Lancaster. Motion carried, 6 ayes — 0 nays. <br />City Attorney Kent McIlyar explained this program would be similar to tax incentives <br />that the City offers to persons that rehabilitate or remodel historic home located inside the <br />designated Historic districts, but would not require the property to be historically designated in <br />order to be eligible for tax abatement. Mr. McIlyar said policies to be established by the City <br />Council were the reinvestment zone, amount of minimum investment, term of tax abatement, <br />percentage of abatement, and whether or not they wanted to make subdivision improvements <br />eligible for tax abatement. Mr. McIlyar also said if City Council decides to move forward with a <br />residential tax abatement, that a Reinvestment Zone would need to be created. City Council <br />