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ORDINANCE NO. 2015 -016 <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />TEXAS CREATING A REINVESTMENT ZONE ENCOMPASSING THE <br />TURNER INDUSTRIES PLANT PROPERTY IN PARIS, LAMAR <br />COUNTY, TEXAS, MORE PARTICULARLY DESCRIBED AND <br />DEPICTED IN EXHIBIT "A" ATTACHED HERETO IN ACCORDANCE <br />WITH CHAPTER 312 OF THE TEXAS TAX CODE; MAKING OTHER <br />FINDINGS RELATED THERETO AND PROVIDING AN EFFECTIVE <br />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 May 11, 2015, a public hearing was held by the City Council to <br />consider the creation of a Reinvestment Zone encompassing the Turner Industries Plant property <br />in Paris, Texas further described and depicted in Exhibit "A" attached hereto; and, <br />WHEREAS, notice of the May 11, 2015 public hearing was published in The Paris News <br />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 />SECTION 2. The Paris City Council, after conducting a public hearing, receiving <br />evidence and testimony from all persons wishing to be heard, hereby makes the following <br />findings and determinations: <br />(a) That a public hearing on the creation of the Reinvestment Zone described herein has been <br />properly called, held and conducted and that the required notice of such hearing has been <br />given to the public and to all taxing units overlapping the territory inside the proposed <br />reinvestment zone; <br />Page 1 of 3 <br />'�� 11 <br />EXHIBIT <br />