Laserfiche WebLink
be outside of this partnership and thereby open for retail / commercial development (thus property <br />taxes to the city). Both Celebration Paris and the Paris Housing Authority assured City <br />Management that this would be the case. Celebration Paris does not have immediate plans for <br />developing this in to retail as they are focused on getting the 2022 tax credit residential project <br />started and moving, but that is indeed the long term plan. <br />Representatives of Celebration Paris are planning to be present tonight and will have a short <br />presentation for the City Council. <br />BUDGET: <br />There is no known direct cost to the City of Paris. There however would be an impact to our <br />revenue stream. The original project would not have been tax exempt, thereby paying the City <br />property taxes (of an unknown amount). Should it be owned by the Paris Housing Authority, it <br />would be tax exempt. This however is a reality should the PHA ever expand and build. There is <br />an added benefit to the city as it benefits some of our lowest income residents, which has indirect <br />benefits to the city as a community and municipal operation. <br />OPTIONS <br />1. Approve a resolution supporting the project and partnership between the Celebration Paris <br />and Paris Housing Authority. <br />2. Do not approve the resolution and/or request additional information. <br />RECOMMENDATION: <br />1. Approve a resolution supporting the project and partnership between the Celebration Paris <br />and Paris Housing Authority, <br />