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Regular Council Meeting <br />January 8, 2024 <br />Page 2 <br />6. Receive reports and/or minutes from the following boards and commissions: <br />a. Paris Economic Development Corporation (10-17-2023) <br />b. Love Civic Center Board (9-14-2023) <br />7. Receive November drainage report. <br />8. Approve the Professional Services Agreement with Hayter Engineering for services <br />related to storm water pollution prevention at Cox Field Airport. <br />9. Receive the November 2023 Financial Report. <br />10. Re -approve the City Investment Policy. <br />Re r�1��-A.Aer�c1� <br />11. Discuss and act on RESOLUTION NO. 2024-01: A RESOLUTION OF THE CITY <br />COUNCIL OF THE CITY OF PARIS, TEXAS, AUTHORIZING THE CITY TO BE <br />ELIGIBLE TO PARTICIPATE IN PROPERTY TAX ABATEMENTS AND <br />APPROVING GUIDELINES AND CRITERIA FOR GRANTING TAX <br />ABATEMENTS IN THE CITY OF PARIS, TEXAS; MAKING OTHER FINDINGS <br />AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN <br />EFFECTIVE DATE. <br />City Attorney Stephanie Harris said the current policy was expiring this month and in <br />order to continue to participate in a tax abatement program, the policy and guidelines would need <br />to be re -adopted. <br />Mayor Hughes opened the public hearing and asked that anyone who wished to speak <br />about this item, to please come forward. With no one speaking, Mayor Hughes closed the public <br />hearing. <br />A Motion to approve this item was made by Mayor Pro -Tem Pankaj and seconded by <br />Council Member Pilgrim. Motion carried, 7 ayes — 0 nays. <br />12. Discuss and act on RESOLUTION NO. 2024-002: A RESOLUTION OF THE CITY <br />COUNCIL OF THE CITY OF PARIS, TEXAS REAUTHORIZING THE CITY TO <br />BECOME ELIGIBLE TO PARTICIPATE IN RESIDENTIAL TAX ABATEMENTS <br />RELATED TO THE 5 IN 5 HOUSING INFILL REDEVELOPMENT PROGRAM AND <br />READOPTING THE GUIDELINES AND CRITERIA RELATED TO SAME; <br />MAKING OTHER FINDINGS AND PROVISIONS RELATE TO THE SUBJECT; <br />AND DECLARING AN EFFECTIVE DATE. <br />Ms. Harris explained that last January Council approved the creation of the 5 in 5 <br />Housing Infill Redevelopment Program and one of the incentives in the program was a <br />residential tax abatement. She said the current policy was expiring this month and in order to <br />