1990-047-RES WHEREAS, the City Council of the City of Paris to promote economic development within the corporate of
RESOLUTION NO. 90-047
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 prov is ion of cer ta in economic development
incentives may encourage prospective businesses and companies
to loca te wi th in such corpor ate 1 imi t s or extra terr i tor ial
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 adopt ion of gu ide 1 ines and cr iter i a 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 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only be amended or repealed by a vote of three-fourths vote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 7th day of June, 1990.
ATTEST:
APPROVED AS TO FORM:
EXHIBIT A
CITY OF PARIS, PARIS, TEXAS
GUIDELINES AND CRITERIA FOR
REINVESTMENT ZONE NUMBER TWO
I. ~ose 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 expans ion of the local economy, the Ci ty 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 following threshold criteria shall be used to
determine whether any tax abatement incentives shall be
granted:
1) The proposed development and/or redevelopment
must create at least 20 or more jobs.
2) An investment of at least $250,000.00 In
property improvements is required.
3) The project meets all relevant zoning
requirements.
4) What types and cost of public improvements and
services (water and sewer main extensions, 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?
III. I1Pes of Incentives
It is the intent of the City of Paris to customize the
offering of tax abatement incentives on a case-by-case 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 sp~cified proj~ct will
IV. ~plication Procedures
Any person, organization or corporation desiring that
the City of Paris provide tax abatement incentives to
encour age the i r location or expans ion of oper a t ions wi th in
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 s ugges t that the City is under any obI iga t ion 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 expans ion and its pro j ec ted cos ts; 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 the proposed
project as may be required by the City or as deemed
desirable.
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
cons ider at ion by the Counc il. Following the wor k sess ion,
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 pr ior 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.
1) Description of the type of tax abatement to be
provided and its duration.
2) Legal description of the property to be
designated as a reinvestment zone.
3) Detailed information regarding 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
Counc i 1.
Passed and adopted this 7th day of June, 1990.
Eric S. Clifford, Mayor
ATTEST:
Mattie Cunningham, City crerk
APPROVED AS TO FORM: