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1992-079-RES WHEREAS, the City Council of the City of Paris, Paris, Texas, desires to promote the development or RESOLUTION NO. 92-079 WHEREAS, the City Council of the City of Paris, Paris, Texas, desires to promote the development or redevelopment of a certain contiguous area within its jurisdiction by designating it a reinvestment zone to be known as Reinvestment Zone Number Two-A; and, WHEREAS, the City has preliminar ily determined that the area described by the metes and bounds description attached hereto as Exhibit A and depicted on the plat attached as Exhibit B meets the criteria for a reinvestment zone under the Property Redevelopment and Tax Abatement Act, as amended; and, WHEREAS, the Act further requires that prior to the adoption of the ordinance providing for the establishment of a reinvestment zone to promote development or redevelopment within such zone through the use of tax abatement, the Ci ty Counc i I mus t hold a public hearing on the adoption of the proposed Reinvestment Zone Number Two-A and find that the improvements sought are feasible and practical and would be of benefit to the land to be included in the zone and to the communi ty and prov id ing interes ted persons the opportunity to speak and present evidence for or against the designation; and, WHEREAS, the City desires by the calling and holding of such public hearing to provide a reasonable opportunity for any owner of property located within the proposed zone, any other taxing districts, and any other interested persons to speak for or against the creation of the proposed reinvestment zone or the inclusion of any property therein; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS: 1. That a public hearing shall be held at 6 :00 p.m. on October 15, 1992 in the Council Chambers of the City Hall located at 135 First Street S.E., Paris, Lamar County, Texas, at which time any interested person may appear and speak for or against the creation of the proposed Reinvestment Zone No. Two-A, whether all or part of the territory described in the metes and bounds description attached hereto as Exhibit A and depicted on the plat attached hereto as Exhibit B should be included in such proposed reinvestment zone, and the concept of offering tax abatement or other economic incentives, if any. 2. That notice of such public hearing shall be published in the official newspaper of the City of Paris not later than seven (7) days prior to the date of such hearing, and that written notice of such hearing along with a copy of this resolution shall be delivered to the presiding officer of the governing body of each taxing unit that includes in its boundaries real property that is to be included in the proposed reinvestment zone. A notice shall be presumed delivered when placed in the mail postage paid and properly addressed to the appropriate presiding officer. Any notice properly addressed and sent by registered or certified mail for which a return receipt is received by the sender is considered to have been delivered. Passed and adopted this the 14th day of September, 1992. DESCRIPTION OF KIMBERLY-CLARK PROPERTY Situated about 2! miles South 55 degrees West of the City of Paris, County of Lamar, and State of Texas, a part of the Lemuel Ewer Survey a part of a 157.52 acre tract of land conveyed Nell ie Bankhead 0 I Nei 11 by deed recorded in Volume 186, Page 250, of the Deed Records of said County and State. BEGINNING at a stake for corner in the South Boundary Line of the Texas and Pacific Railroad at the Northwest corner of said tract of land. THENCE North 76 degrees 30 minutes East along the South Boundary Line of said Railroad a distance of 3856 feet to a stake for corner; THENCE along the Southwesterly Boundary Line of Loop Highway 286 as follows: South 43 degrees 30 minutes East a distance of 276 feet; South 49 degrees 30 minutes East a distance of 702 feet; South 40 degrees East a distance of 651 feet; South 3 degrees East a distance of 214 feet to a concrete marker for corner; THENCE South 32 degrees West along the West Boundary Line of FM 137 a distance of 309 feet to a stake for corner; THENCE North 89 degrees 20 minutes West a distance of 4716 feet to a stake for corner; THENCE North a distance of 708 feet to the place of beginning and containing 128.38 acres of land. EXHIBIT A " KEY ~ -1992-1993 EXPANSION A - NEW CONVERTING B - NEW MECHANICAL AKEA C - CAFETERIA D - NEW OFFICE'S ~ u o o z ~ ~ AS/RS OFFICES-BLU OFFICES-REO CONvERTING CONVERTING SOUTH NORTH " EXHIBIT B