2013-036 Designating a certain area within the City of Paris, Texas, as Reinvestment Zone 2013-1 for Residential Tax Abatement

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(c) Not include property that is owned or leased by a member of the City Council of the City of Paris or by a member of the Planning and Zoning Commission; (d) Conform to the requirements of the City's Zoning Ordinance and all other applicable laws and regulations; (e) Have and maintain all land and improvements located within the designated reinvestment zone, appraised at market value for tax purposes. SECTION 6. Tax Abatement Agreement Requirements. All agreements for abatement of taxes within Reinvestment Zone No. 2013 -1 shall comply with Section 312.205 (a) of the Act and must: (a) List the kind, number and location of all proposed residential improvements to the property; (b) Provide for access to the property and authorize inspection of the property by municipal employees to insure that the improvements are made according to the terms, conditions and specifications of the Agreement; (c) Limit the uses of the property consistent with the general purpose of encouraging the development and redevelopment of the Reinvestment Zone during the period that property tax exemptions are in effect; and (d) Provide for recapturing property tax revenue lost as a result of the Agreement if the owner of the property fails to make the improvements or maintain the improvements as provided in the Agreement. (e) Require the owner of the property to certify annually to the governing body that the owner is in compliance with each applicable term of the Agreement; (f) Provide that the governing body of the municipality may cancel or modify the Agreement if the property owner fails to comply with the Agreement. SECTION 7. Severability. That it is the intention of the City Council of the City of Paris that this ordinance and every provision hereof, shall be considered severable, and the invalidity or partial invalidity of any section, clause, or provisions of this ordinance shall not affect the validity of any other portion of this ordinance. SECTION 8. Effective Date. This Ordinance shall become effective from and after its passage and publication as required by law.