1992-078-RES WHEREAS, the City Council of the City of Paris, desires to promote economic development within the
RESOLUTION NO. 92- 078
WHEREAS, the City Council of the City of Paris, desires
to promote economic development within the corporate limits
of the City of Paris or within the extraterritorial
jurisdiction of said city; and
WHEREAS, the provision of certain economic development
incentives may encourage prospective businesses and companies
to locate within such corporate limits or extraterritorial
jurisdiction or existing businesses and companies located
therein to expand; and,
WHEREAS, the establishment of specific guidelines,
criteria, and procedures are necessary to insure that tax
abatement incentives are given and administered effectively;
and,
WHEREAS, the adoption of guidelines and criteria are
required by state law before an area may be established as a
reinvestment zone; NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS,
PARIS, TEXAS:
1. That the City of Paris hereby establishes certain
guidelines and criteria governing tax abatement incentives
within that portion of its extraterritorial jurisdiction
described in Reinvestment Zone Number Two-A attached hereto
as Exhibit A, and such guidelines and criteria shall
expressly govern all subsequent tax abatement agreements in
said Zone.
2. That such guidelines and criteria shall be
effective for two (2) years from the date of adoption and may
only be amended or repealed by a vote of three-fourths vote
of the City council.
Passed and adopted this 14th day of September, 1992.
~;p{r~t~
ATTEST:
Mattie Cunningham, City
CITY OF PARIS, PARIS, TEXAS
GUIDELINES AND CRITERIA FOR
REINVESTMENT ZONE NUMBER TWO-A
I. Purpose and Objective
The City of Paris is committed to the promotion of
quality development in all parts of the city and to an
ongoing improvement in the quality of life for its citizens.
Insofar as these objectives are generally served by the
enhancement and expansion of the local economy, the City of
Paris will, on a case-by-case basis, give consideration to
providing tax abatement incentives as a stimulation for
economic development in Paris. It is the policy of the City
of Paris that said consideration will be provided in
accordance with the procedures and criteria outlined in this
document. However, nothing herein shall imply or suggest
that the City of Paris is under obligation to provide any
incentive to any applicant. All applicants shall be
considered on a case-by-case basis.
II. Criteria for Tax Abatement Incentives
The
determine
granted:
following
whether
threshold criteria
any tax abatement
shall be
incentives
used
shall
to
be
1) The proposed development or redevelopment must
create at least 50 or more jobs and to promote among
equally qualified job applicants the hiring of employees
from the enterprise zone, City of Paris, and Lamar
County, Texas, subject to the laws and regulations of
the United States of America and the State of Texas and
subject to any labor contracts currently in effect and
any successive contracts or past practices.
2) An investment of at least $1,000,000.00 in
property improvements is required.
3) The
requirements.
project
meets
all
relevant
zoning
4) What types and cost of public improvements and
serv ices (water and sewer ma in ex tens ions, streets and
alleys, etc.) will be required of the City? What types
and values of public improvements, if any, will be made
by the applicant?
EXHIBIT A
III. Types of Incentives
It is the intent of the City of Paris to customize the
offering of tax abatement incentives on a case-by-cdse basis.
This individualized design is intended to allow maximum
flexibility in addressing the unique concerns of each
applicant while enabling the City to better respond to the
changing needs of the community.
The criteria outlined in Section II above will be used
to determine whether it is in the best interest of the City
of Paris to provide any tax abatement incentives to a
particular applicant. The degree to which the specified
project furthers the goals and objectives of the City of
Paris and the relative impact of the specified project will
be used to determine the total value of the tax abatement
incentives provided. As a general rule, no tax abatement
will be provided to any applicant in an amount exceeding the
value of the following:
No tax abatement
abates more than
increase to be
improvements and
term of 7 years.
IV. Application Procedures
incentive shall be provided which
1001'0 of the estimated total tax
levied on the proposed property
such abatement shall not exceed a
Any person, organization or corporation desiring that
the City of Paris provide tax abatement incentives to
encourage their location or expansion of operations within
the city limits or the extraterritorial jurisdiction of Paris
shall be required to comply with the following application
procedures. However, nothing within these guidelines shall
imply or suggest that the City is under any obligation to
provide any incentive to any applicant.
Any applicant desiring tax abatement incentives shall
file an application request which shall include at least the
following information:
1) A plat showing the precise location of the
property, all roadways within 200 feet of the site, and
all existing zoning and land uses within 200 feet of the
site.
2) If the property is described by metes and
bounds, a complete legal description should be provided.
3) A brief description of the proposed
improvements or expansion and its projected costs; the
type of business operation proposed; the number and type
of jobs created, including information pertaining to
anticipated job transfers, the projected date of
operation; and the type and value of any economic
development incentives requested.
4) Any other information about
project as may be required by the City
desirable.
the proposed
or as deemed
Once the application has been received, the information
submitted will be reviewed by the City Manager for
completeness and accuracy. The City Manager will then
distribute the application to the appropriate department
heads for internal review and comments. Following staff
review, copies of the complete application package and staff
comments will be provided to the City Council and to other
taxing entitled that may be willing to participate in
offering tax abatement incentives. Generally, the City
Council, staff and other taxing entities will discuss the
proposed application at a work session prior to its formal
consideration by the Council. Following the work session,
the City Manager may be requested to obtain other information
prior to further consideration of the application.
At a subsequent regular City Council meeting, the
application for any tax abatement incentive may be
considered. The City will comply with certain public notice
and hearings are required as mandated by state law under the
Property Redevelopment and Tax Abatement Act prior to the
designation of a reinvestment zone and execution of a tax
abatement agreement. Prior to final approval, all legal
documents to effect such reinvestment zone(s) and tax
abatement agreements shall be drafted and approved by the
City Attorney.
Should the City Council determine that it is in the best
interest of the City of Paris to provide tax abatement
incentives to a particular applicant, a resolution shall be
adopted declaring that under the guidelines and criteria
established herein, the applicant is eligible for tax
abatement and that the Mayor is authorized to execute a
contract with the applicant, enumerating the type of
incentives and governing any conditions applicable to it.
Any agreement so adopted must include at least the following
specific items:
1) Description of the type of tax abatement to be
provided and its duration.
L) Legal description of the property to be
designated as a reinvestment zone.
3) Detai led informa t ion regard ing the type,
number, location, and costs of planned improvements.
4) A statement granting the access to and
inspection of the property and proposed improvements by
City inspectors and officials to ensure that the
improvements or repairs are made according to
specifications and conditions of the agreements.
5) A statement limiting the uses of the property
consistent with the general purpose of encouraging
development or redevelopment of the zone during the
period that property tax exemptions are in effect; and,
6) A statement providing for the recapturing of
property tax revenue lost as a result of the agreement
if the owner of the property fails to make the
improvements or repairs as provided by the agreement.
V. Amendments to these Guidelines and Criteria
The guidelines and criteria adopted herein shall not be
amended or repealed except by three-fourths (3/4ths) vote of
the City Council.
VI. Effective Date
These guidelines and criteria adopted herein shall be
effective from the date of passage and remain effective for
two (2) years from such date of adoption, unless otherwise
repealed by a three-fourths (3/4ths) vote of the City
Council.
Passed and adopted this 14th day of September, 1992.
ATTEST:
George Fisher, Mayor
Mattie Cunningham, City Clerk
APPROVED AS TO FORM:
T. K. Haynes, City Attorney