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Regular Council Meeting March 14, 2022 Page 4 City Planner Andrew Mack explained that Ronny Enns with Enns Ventures was requesting full abatement of all demolition liens against the 2.5 -acre property located at the southeast corner of 7' St. N.W. & Henderson. He said the two apartment structures were demolished on this site and the southern site in 2009 as a smaller part of the former Casa Bonita apartment complex after previous destruction of a portion of the large site from a tornado in 1982, and subsequent fires and deterioration pervaded the development site over time. Mr. Mack said Mr. Enns entered into a purchase agreement to acquire the property and planned to build 15 duplexes on the site, and planned to return to the Council in April for the execution of a proposed 5 In 5 Housing In -Fill Development Program Agreement following his closing on the property. He also said in order to proceed with the closing, an abatement request was submitted by Mr. Enns. Mr. Mack said the abatement request was for a demolition lien in the amount of $76,942.00 plus interest of $164,534.96 totaling $241,476.96. He said the mowing lien was in the amount of $360.00 plus interest of $882.82 totaling $1,242.82. Mr. Mack said in order for the City to be assured of Mr. Enns performance under the 5 In 5. Housing In -Fill Development Program Agreement for Phase t of the development would be completed, that Mt. Enns had agreed to enter into an escrow agreement with $30000.00 ' in security. Mr. Mack reported ,if Mr. Enns completed his work, that the $30,000.00 would be returned to Mr. Enns and if he does not, the City would retain the security. Mr. Mack said a public purpose was present in this request as!this agreement will contribute towards the future maintenance and care of the existing property and construction of residential units adds value to the neighborhood and City. With regard to the escrow agreement, Mr. Mack said staff was recommending option 1, which was to approve a resolution to waive the demolition and nuisance abatement liens in the total amount of $242,719.78, subject to the, execution of an escrow agreement andreceipt of security in the ,amount of $30,000.00. He f said option 2 was the same option as 1,. but could include the full amount of principal or some other figure ',:as determined by the City Council and option 3 wa's to reject the resolution and require Mr. Enn`s to pay the entire balance of principal and_interest of the liens. Mr. Mack answered questions from City Council and introduced Mr. Ronny Enns. A Motion to approve an escrow agreement between the City and Enns Ventures, LLC relating to development associated with the City's Five in Five Housing Infill Development Program was made by Mayor Pro -Tem Hughes and seconded by Council Member Knox. Motion carried, 7 ayes — 0 nays. 13. Discuss and act on RESOLUTION NO. 2022-020: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARS, TEXAS, TO WAIVE PRINCIPAL AND INTEREST ON A DANGEROUS STRUCTURE AND NUISANCE ABATEMENT LIENS ON PROPERTY DESCRIBED AS CITY OF PARIS BLOCK 90, LOT 1-A TO FACILITATE DEVELOPMENT OF SAID PROPERTY UNDER THE CITY'S 5 IN 5 HOUSING INFILL DEVELOPMENT PROGRAM; MAKING OTHER FINDINGS AND PROVISIONS; AND DECLARING AN EFFECTIVE DATE.