21 - Residential Tax Abatement with Habitat for Humanity - Gibbons Park Addition Block 2 Lot 22 and East 24 ft of Lot 23 - 743 East Polk

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RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS APPROVING A RESIDENTIAL TAX ABATEMENT AGREEMENT BETWEEN THE CITY OF PARIS, TEXAS, ("CITY") AND PARIS/LAMAR COUNTY HABITAT FOR HUMANITY, ("OWNER"); MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT AND DECLARING AN EFFECTIVE DATE. WHEREAS, on February 10, 2020, the City Council passed Ordinance No. 2020-005 creating Reinvestment Zone 2020-1, designating certain areas inside the city limits to be eligible for the Residential Tax Abatement Program; and WHEREAS, after a public hearing on April 12, 2021, the City Council of the City of Paris, Texas passed Resolution No. 2021-012 reauthorizing the city to become eligible to participate in residential tax abatements and approving guidelines and criteria for the program; and WHEREAS, Owner has submitted an application for a residential tax abatement agreement related to its purchase and rehabilitation (the "Improvements") of the property located at 743 E. Polk St., Paris, Texas 75460 (the "Property") for the purpose of constructing a new single-family dwelling (the "Improvements:); and WHEREAS, city staff has reviewed the application and the location of the above described improvements (hereinafter "Improvements") and has determined that the property is located within the boundaries of Reinvestment Zone 2020-1 and meets the requirements for Improvements set forth in the guidelines and criteria set forth in Resolution No. 2021-012; and WHEREAS, Owner has a demonstrated track record of constructing quality homes for lower income people in the city, and WHEREAS, the location of the home to be constructed is within the zone set forth in the city's 5 in 5 Housing Infill Development Program dedicated to incentivizing investments in housing in the city's core; and WHEREAS, as such, the City Council finds justification for an upward deviation from the guidelines set forth in said Resolution No. 2021-012; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, THAT: Section 1. The findings set out in the preamble to this resolution are hereby in all things approved. Section 2. That the terms of the Residential Tax Abatement Agreement and the property the subject thereof meet the City's Guidelines and Criteria for Residential Tax Abatement adopted by the City of Paris by Resolution No. 2021-12 save and