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14 - Economic Development Agreement and Tax Abatement AGreement with Essential Housing Corporation
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01 - JANUARY
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14 - Economic Development Agreement and Tax Abatement AGreement with Essential Housing Corporation
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1/6/2022 4:10:31 PM
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41 1 t, 1, lib M 1; ANT TELLAA-IMY AN, LIPYLL-14 TE <br />1. .. <br />proposedWHEREAS, the City Council of the City of Paris, Texas has been presented a <br />,?greement by and Essentialo <br />9-n Economic DevelopmentAgreement". <br />under Development AgreementProgram") adopted by the City <br />FebruaryCouncil on !anuaj;kL- 10, 20Z2, as <br />,jW of which A-4,reement is attached hereto as Exhibit A and <br />incorporated herein by reference; and, <br />WHEREAS, on ", passed <br />Ordinance No. 2020-005 <br />Creatin <br />ror the Residential Abatementand <br />WHEREAS, <br />A property dwfi, ;rd in the Agreement <br />underAgreement is situated within2020-1 and within the <br />Program <br />Program;Area described in the <br />contemplatedWHEREAS, the use of the property, "+F <br />installed thereon in the amountsAgreement and the other terms therein are <br />consistent with .g -g <br />purposes for which it was created and are in compliance with the City's policy of taN <br />abatement incentives adopted by the City adopted on January 10, 2022 and all applicable <br />WHEREAS, the City Council also r":# 1 <br />incentives set forth in the Agreement pursuant to Chapter 380 of the Texas Local <br />Government Code, and <br />WHEREAS, upon review and consideration of the Agreement, and all matters <br />attendant and related thereto- the City Council is of theapinion that the terms and conditions <br />therein meet the GuidelinesAbatement set forth in the Program and <br />of the City of Paris, Texas. <br />
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