1998-077-RES WHEREAS, COMMISSIONERS COURT OF LAMAR COUNTY
RESOLUTION NO. 98-077
WHEREAS, the Commissioners Court of Lamar County, Texas did heretofore, on the 8th
day of June, 1998, create Reinvestment Zone Number 1998-1, which said Zone is located within
the extraterritorial jurisdiction of the City of Paris; and,
WHEREAS, the City Council of the City of Paris, Paris, Texas, desires to promote
economic development within the corporate limits of the City of Paris and within its
extraterritorial jurisdiction by the creation of a reinvestment zone for commercial and industrial
tax abatement, as authorized by the Property Redevelopment and Tax Abatement Act, as amended;
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, it is deemed appropriate that the City of Paris approve the creation by the
County of Lamar of Reinvestment Zone Number 1998-1; NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that the
creation by the County of Lamar of Reinvestment Zone Number 1998-1 be, and the same is
hereby, approved; and,
BE IT FURTHER RESOLVED, that the City of Paris does hereby elect to become
eligible to participate in tax abatement agreements in said Reinvestment Zone Number 1998-1 as
authorized under the Property Redevelopment and Tax Abatement Act, as amended.
PASSED AND ADOPTED this 8th day of June, 1998.
tiJA
Charles H. Neeley, Mayor
ATTEST:
Mattie Cunningham, City Clerk
APPROVED AS TO FORM:
Scott P. Foster, City Attorney