97-039 ORD PROVIDING ORDINANCE NO 96-060 PASSED ON THE 14TH DAY OF OCTOBER 1996 BE AMENDED

Home Browse Search

ORDINANCE NO. 97-039 AN ORDINANCE OF THE CITY OF PARIS, PARIS, TEXAS, PROVIDING THAT ORDINANCE NO. 96-060 PASSED AND ADOPTED ON THE 14TH DAY OCTOBER, 1996, BE AMENDED; PROVIDING FOR THE AMENDMENT OF THE AREA SO NOMINATED AS A STATE DESIGNATED ENTERPRISE ZONE AND DESIGNATED AS A REINVE5TMENT ZONE SO AS TO INCLUDE THEREWITH ADDITIONAL PROPERTY; REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING FOR AN EFFECTIVE DATE OF SEPTEMBER 1, 1997. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS: Section 1. That 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: "AN ORDINANCE OF THE CITY OF PARIS, PARIS, TEXAS, NOMINATING AN AREA AS AN ENTERPRISE ZONE PURSUANT TO THE TEXAS ENTERPRISE ZONE ACT (TEXAS GOVERNMENT CODE, CHAPTER 2303); PROVIDING TAX INCENTIVES; DESIGNATING AN AUTHORIZED REPRESENTATIVE TO ACT IN ALL MATTERS PERTAINING TO THE NOMINATION AND DESIGNATION OF THE AREA DESCRIBED HEREIN AS AN ENTERPRISE ZONE AND REINVESTMENT ZONE (TEXAS TAX CODE, CHAPTER 312); AND FURTHER DESIGNATING A LIAISON TO ACT ON ALL MATTERS PERTAINING TO THE ENTERPRISE ZONE ACT ONCE DESIGNATED BY THE TEXAS DEPARTMENT OF COMMERCE. "WHEREAS, the City Council of the City of Paris, Paris, Texas, desires to create the proper economic and social environment to induce the investment of private resources in productive business enterprises located in severely distressed areas of the City and to provide employment to residents of such area; and, "WHEREAS, certain conditions exist in such area which represent a threat to the health, safety, and welfare of the people of such area; and, "WHEREAS, it is necessary and in the best interest of the City to nominate such area as an enterprise zone pursuant to the Texas Enterprise Zone Act (Texas Government Code, Chapter 2303, the "Act"); NOW, THEREFORE, `BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS: "Section 1. That the City hereby nominates the area set forth on and attached hereto as Exhibit A, same being 9.466 acres. "Section 2. That the City Council finds the zone area meets the qualifications of the Act. "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 1