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1996-093-RES WHEREAS, COP ENTERED INTO AGREEMENT FOR DESIGNATION OF AN ENTERPRISE ZONE RESOLUTION NO. 96-093 WHEREAS, the City of Paris entered into an Agreement for Designation of an Enterprise Zone with the Texas Department of Commerce beginning June 1, 1989 and ending September 1, 1996; and, WHEREAS, the City Council of the City of Paris, desires to create the proper economic and social environment to induce the investment of private resources in productive business enterprises located in a severely distressed area of the City and to provide employment to residents of such area; and, WHEREAS, certain conditions exist in such area which represent a threat to the health, safety, and welfare of the people of such area; and, WHEREAS, it is necessary and in the best interest of the City of Paris to nominate such area as an enterprise zone pursuant to the Texas Enterprise Zone Act (Local Government Code Chapter 2303); and, WHEREAS, in order to nominate such area as an enterprize zone a public hearing must be held to receive input concerning the adopting of an ordinance to nominate an area of the City of Paris as a state designated enterprise zone and to designate a reinvestment zone; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OJ<' PARIS, that a public hearing be held on Thursday the 19th day of September, 1996, at 6:00 p.m. in the Council Room, City Hall, Paris, Texas, to receive input concerning the adopting of an ordinance to nominate an area of the City of Paris as a state designated enterprise zone and to designate a reinvestment zone; and, BE IT FURTHER RESOLVED, that Mattie Cunningham, City Clerk of the City of Paris, be and she is hereby directed to deliver to the Paris News, legal notice of said public hearing to be published Sunday, September 8th, 1996; to post notice of said public hearing at the City Hall Annex; and to provide a copy of said notice to the Texas Department of Commerce, all of which will occur at least seven days prior to the public hearing. PASSED AND ADOPTED this 5th day of September, 1996. ATTEST: ~~,~~~~~~ Mattie Cunningham, City Cler APPROVED S TO J;'ORM: Attorney