2022-055 - Amending the Guidelines and Criteria of the 5 in 5 Infill Development Program to allow properties immediately adjacent to the program area to be eligible to participate in the program and to revise application form

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RESOLUTION NO. 2n22 _ n55 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS AMENDING THE GUIDELINES AND CRITERIA OF THE 5 IN 5 HOUSING INFILL DEVELOPMENT PROGRAM TO ALLOW PROPERTIES IMMEDIATELY ADJACENT TO THE PROGRAM AREA TO BE ELIGIBLE TO PARTICIPATE IN THE PROGRAM AND TO REVISE APPLICATION FORM; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, on February 10, 2 02 0, the City Council of the City of Paris, Texas 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 January 10, 2022, the City Council passed Resolution No. 2022-003 stating its intent to establish the 5 In 5 Housing Infill Development Program (hereinafter "the Program") including a low cost land sale and residential tax abatements and adopting guidelines and criteria for the Program; and WHEREAS, Resolution 2022-003, City Council designated an area within Reinvestment Zone 2020-1 (the "Program Area") as being eligible for the Program; and WHEREAS, on April 12, 2021, the City Council approved resolution 2021-012 re- authorizing the City to become eligible to participate in residential tax abatements and approving guidelines and criteria for the residential tax abatement program; and WHEREAS, the Program has additional criteria and guidelines for participation in said Program, including criteria and guidelines for eligibility for residential tax abatements; and WHEREAS, the Program guidelines require that for a property to be eligible to participate in the Program, the property must be within the defined Program Area, with an exception for property transferred via a tax foreclosure process; and WHEREAS, the City Council wishes to amend the Program guidelines to allow properties immediately adjacent to the Program Area to be eligible to participate in the Program; and WHEREAS, staff has identified changes to the Program's application form that will make the form more user-friendly;