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WE, the undersigned COMMITTEE O proponents of an INITIATIVE to ADO City of P 's: . CO F TITIONERS : ERIC S. CLIFFORD 3065.Oak�reek Drive, Paris, Texas 75462 LOUISE MOSELEY 3915 Shannon Drive, Paris, Texas 462 WANDA COMPTON 33y6�0 E. Hous on, Texas 75460 CHARLES COMP ON 3360 E. Houston, Paris, Texas 75460 n , F THE PETITIONERS, are electors and PT the ordinance hereinafter set forth to the 961 West Sherman, Paris, Texas 75460 PAULA TURPIN 901 NE 14'' Street, Paris, Texas 75460 --I e 4 1-41 RONNIE TURPIN 901 NE 14'b Street, Paris, Texas 75460 ORDINANCE NO. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS, ADOPTING ANEW SECTION TO THE EXISTING CODE OF ORDINANCES OF THE CITY OF PARIS, PARIS, TEXAS RELATING TO ESTABLISHMENT OF A LII IIT ON TAXES FOR QUALIFYING INDIVIDUALS PURSUANT TO ARTICLE 8, SECTION 1 -h(h) OF THE TEXAS CONSTITUTION AND TEXAS TAX CODE SECTION 11.261; PROVIDING FOR A SEVERABILITY CLAUSE; REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES, MINUTE ORDERS OR RESOLUTIONS IN CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, effective January 1, 2004, a new amendment to the Texas Constitution allows a city to limit properly taxes for homeowners who are either disabled or age 65 or older (see Texas Constitution Article 8, Section 1- b(h)); and WHEREAS, new Section 11.261 of the Texas Tax Code implements the Constitutional amendment to provide for the property "tax limit" or "tax ceiling" for homeowners who are disabled or age 65 or older; and WHEREAS, the citizens of Paris filed a petition with the City Council ofthe City of Paris requesting the adoption of this ordinance; asserting that this ordinance would be in the best interest of the citizens of Paris; and requiring a vote of the citizens of Paris, Texas for the EXHIBIT "A"