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Regular Council Meeting June 12, 2023 Page 3 Mr. Mack explained this was the procedure whereby the property would transfer after the agreement was approved in item 7. A Motion to approve this item was made by Council Member Pankaj and seconded by Council Member Kessel. Motion carried, 5 ayes — 0 nays. A Motion to return Council Member Savage to the meeting was made by Council Member Norment and seconded by Council Member Pilgrim. Motion carried, 5 ayes — 0 nays. 8. Discuss and act on RESOLUTION NO. 2023-027: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, APPROVING AND AUTHORIZING AN ECONOMIC DEVELOPMENT AGREEMENT AND TAX ABATEMENT AGREEMENT WITH P -TOWN PROPERTY HOLDINGS PURSUANT TO THE 5 IN 5 HOUSING 5 IN 5 HOUSING INFILL DEVELOPMENT PROGRAM; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. Mr. Mack said the developer planned to build three new Tri-Plex and two new Duplex homes. He said Mr. Risinger was in the process of applying for plats and variances and Planning and Zoning recommended approval, as did staff. He introduced developer Tim Risinger. Mr. Risinger said they were in the middle of getting plans finished, that the dwellings would be real nice and would be brick dwellings with landscaping. He also said that the majority would have rear parking. Council Member Savage said the memo reflected this property was located on 29"' Street but that the agenda said 20th Street. City Clerk Janice Ellis clarified that the property was located on 20'b Street and that the agenda contained a typo. Council Member Savage inquired if this property was outside the 5 In 5 area. Mr. Mack said it was inside the 5 In 5 area, and City Attorney Stephanie Harris said the 5 In 5 area was amended in July. A Motion to approve this item was made by Council Member Pankaj and seconded by Council Member Kessel. Motion carried, 6 ayes — 0 nays. 10 Discuss and act on RESOLUTION NO. 2023-029: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, TO WAIVE INTEREST ON A DANGEROUS STRUCTURE ABATEMENT LIEN ON PROPERTY DESCRIBED AS CITY OF PARIS BLOCK 39, LOT PT 2, LOCATED AT 245 AND 253 N.E. 2ND STREET; MAKING OTHER FINDINGS AND PROVISIONS; AND DECLARING AN EFFECTIVE DATE. City Manager Grayson Path explained that the City demolished a dangerous structure located at 245 N.E. 2nd Street and applied a lien in the principle amount of $3,070.15. He said with interest that had accrued since 2016, the combined total was $14,926.64, which was more than the value of the lot. Mr. Path explained that Ben Faber inherited this lot and would like to sell it and had asked that the City Council consider allowing him to pay the original principle