2024-016 - Approving a Partial Waiver of the Paris Housing Authgority of the City of Paris 2023 payment in lieu of Taxes (Pilot)

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oil HOUSING AUTHORITY OF H CITY OF PARIS 650 7th SW-Wice, Paris, Texas 75460 P.O. Box 688, Paris, Texas 75461 Phone (903) .784-6651 Ext. 26 Fax (903) 784-6678 January 16, 2024 RECEIVED City of Paris Mr. Grayson Path, City Manager City Manager 135 SE I st Street Paris, TX 75.460 % ' ° r 202 .I „rne: RE: Waiver of PILOT Dear Mr. Path, The Board of Commissioners of the Housing Authority of the City of Paris requests that a portion of the annual PILOT (Payment in Lieu of Taxes) be waived for the FYE 06/30/2023 to offset the cost of signage required by the 2021 address change of properties. This request is being made to counter the costs incurred of the additional signage due to the address changes that the City of Paris mandated for the properties of George Wright Homes and Booker T Washington Homes. The calculated PILOT is $9460.44(please see attached). The actual signage costs are $5177.75 (invoices attached). In addition, the administrative costs incurred to procure and place signage. The total costs of the signage required by the City, is an expense that was not budgeted. It would be beneficial if the costs could be restored by the waiver of our annual PILOT. We respectfully request the waiver of the PILOT for the FYE 06/30/2023. On behalf of the 234 families residing in these properties, I would like to express my sincere appreciation for this consideration. Your commitment to supporting affordable housing for our community's lowest income families is commendable. Thank you for your assistance and support as we have worked to comply with the requirements of this address change. Sincerely, Elizabeth Brooks Executive Director Attachments: Computation of PILOT for FYE 06/30/2023 & Invoices for signage