Laserfiche WebLink
Item No. 14 <br />memorandum <br />TO: City Council <br />John Godwin, City Manager <br />FROM: Kent McIlyar, City Attorney <br />SUBJECT: Turner Industries Reinvestment Zone 2015 -2 <br />DATE: 05 -11 -15 <br />BACKGROUND: Turner Industries has been a valued corporate partner in the City of Paris, <br />Texas for over 16 years. Turner Industries continues to be a primary employer in the City of <br />Paris periodically creating new jobs and retaining a current work force of approximately 750 <br />full -time employees. Turner Industries continues to invest in their pipe fabricating business and <br />other related businesses in Paris, Texas to keep it competitive in the world market. Turner has <br />some new capital investment projects planned for their facility in Paris, Texas for which they <br />have requested a tax abatement. <br />The City of Paris proposes to create a new Reinvestment Zone encompassing a large portion of <br />the Turner Industries property located generally in Block A, Lot 1, Block 334, lots 2, 3 & 4 and <br />part of lots 1, 6 & 7 located near 19th SW and Loop 286, City of Paris, Lamar County, Texas. <br />STATUS OF ISSUE: Notice of Public Hearing to create a Reinvestment Zone 2015 -2 on the <br />Turner Industries Plant Property in Paris, Texas was published in The Paris News and letters <br />were delivered to the local taxing entities with an interest in the property at least 7 days prior to <br />the City Council Meeting on May 11, 2015. <br />BUDGET: N/A <br />RECOMMENDATION: Approve Turner Industries Reinvestment Zone No. 2015 -2 <br />