22 - Disannextion Request - 660 adn 680 CR 32900 LCAD Parcels 50055 and 50056

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BUDGET: The requested disannexation would deprive the City of the property tax revenue for the disannexed property. The petitioners plan on improving the property with a home and possibly other structures which will raise the taxable value of the property. OPTIONS: 1. Discuss and act on a resolution stating the intent of city council to institute disannexation procedings on a 31.774 acre tract of land located at 660 and 680 CR 32900. 2. Discuss and act on a resolution making findings of fact and denying the petition of Brandon and Kara Bond to disannex a 31.774 acre tract located within the city limits of the City of Paris and located at 660 and 680 R 32900. RECOMMENDATION: Staff recommends that Council choose and act on the resolution described in Option No. 2.