Laserfiche WebLink
Draft <br />ORDINANCE NO. <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />TEXAS, EXTENDING, AMENDING AND RE- DESIGNATING THE <br />REINVESTMENT ZONE ENCOMPASSING THE KIMBERLY -CLARK <br />PLANT PROPERTY IN PARIS, LAMAR COUNTY, TEXAS, MORE <br />PARTICULARLY DESCRIBED IN EXHIBIT "A" ATTACHED HERETO <br />IN ACCORDANCE WITH CHAPTER 312 OF THE TEXAS TAX CODE; <br />MAKING OTHER FINDINGS RELATED THERETO AND PROVIDING <br />AN EFFECTIVE DATE. <br />WHEREAS, the City Council of the City of Paris, Texas, ( "City "), desires to promote <br />the development or redevelopment of a certain contiguous geographic area within its jurisdiction <br />through the extension and re- designation of a reinvestment zone for tax abatement, as authorized <br />by V.T.C.A. Tax Code Chapter 312 (referred to as the "Property Redevelopment and Tax <br />Abatement Act" or the "Act "); and, <br />WHEREAS, On April 13, 2015, a public hearing was held by the City Council to <br />consider the extension and re- designation of a Reinvestment Zone encompassing the Kimberly - <br />Clark Plant property in Paris, Texas further described and depicted in Exhibit "A" attached <br />hereto; and, <br />WHEREAS, the Kimberly -Clark Plant located at the intersection of Loop 286 and Farm <br />Road 137, Paris, Lamar County, Texas will continue to contribute to the retention or expansion <br />of primary employment in the reinvestment zone and will continue to make major capital <br />investment in the reinvestment zone that will benefit the property and contribute to the economic <br />development of the City of Paris; and, <br />WHEREAS, notice of the April 13, 2015 public hearing was published in The Paris <br />News no less than seven (7) days prior to the public hearing; and, <br />WHEREAS, notice of the public hearing was delivered to all taxing units overlapping <br />the territory inside the proposed reinvestment zone; and <br />WHEREAS, at the public hearing, the City invited all interested persons to appear for or <br />against the creation of the reinvestment zone, the boundaries of the proposed reinvestment zone, <br />and the concept of tax abatement in the proposed reinvestment zone. <br />NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS, TEXAS: <br />SECTION 1. That the findings set out in the preamble to this ordinance are hereby in all <br />things approved. <br />Pagel of 3 <br />