98-017 ORD PASSING OF ORD NO 96-060 AND ADOPTED ON OCT 14, 1996

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ORDINANCE NO. 98-017 AN ORDINANCE OF THE CITY OF PARIS, PARIS, TEXAS, PROVIDING THAT ORDINANCE NO. 96-060, PASSED AND ADOPTED ON THE 14TH DAY OCTOBER, 1996, WHICH WAS AMENDED ON THE 11TH DAY OF AUGUST, 1997, BY ORDINANCE NO. 97-039, BE AMENDED BY REVISING SECTION 3 OF SAID ORDINANCE TO REMOVE THE REFERENCE THEREIN TO THE POINT SYSTEM DESCRIBED IN EXHIBIT B; PROVIDING THAT EXHIBIT B OF SAID ORDINANCE BE REMOVED; PROVIDING THAT EXHIBIT C OF SAID ORDINANCE BE REMOVED; REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING FOR AN EFFECTIVE DATE OF APRIL 13, 1998. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS: Section L That Section 3 of Ordinance No. 96-060 of the City of Paris, Paris, Texas, be, and the same is hereby, amended so that such shall read as follows: "Section 3. That the City Council will provide certain tax incentives applicable to business enterprises in the zone which are not applicable through the City as follows: "The City shall refund to any qualified business located in such enterprise zone the amount of tax paid under the Municipal Sales and Use Tax (Texas Tax Code, Chapter 321) by the business and remitted to the Comptroller of Public Accounts up to the maximum extent authorized by Sections 2303.505 and 2303.506 of the Act, and for a period determined by the City, but which shall not exceed five (5) years. "The City may abate taxes on the increase in value of real property improvements and tangible personal properry that locate in a designated enterprise zone up to 100 % of the estimated total tax increase to be levied on the proposed property improvements, and such abatement shall not exceed a term of seven (7) years. "Other incentives that may be negotiated in the proposed enterprise zone on a case by case basis are as follows (the first 3 being offered only in the proposed enterprise zone); "Waiver of development fees to enterprise zone businesses meeting minimum standards. "Accelerated zoning and permit procedures. Enterprise zone businesses will be processed upon receipt, before non-enterprise zone businesses already in hand. "Transfer of city-owned surplus land at below market prices for the public purpose of economic development. "Capital improvements in water and sewer facilities and road repair. "The City will apply for training grants for new permanent jobs as available and appropriate to the industry. "One-stop permitting. "Improved fire and police protection. "Low interest loans for housing rehabilitation or improvement."