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2024-020 - Approving an economic development agreement and tax abatement agreement with PW Investments – 5 in 5 housing infill development program.
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2024-020 - Approving an economic development agreement and tax abatement agreement with PW Investments – 5 in 5 housing infill development program.
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3/26/2024 4:58:58 PM
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3/26/2024 4:57:47 PM
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CITY CLERK
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Resolution
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Guidelinesthe <br />City <br />in Resolution � . <br />THEREFORE, RESOLVED BY THE i COUNCIL OF THE i OF <br />PARIS, <br />THAT: <br />Section . The findings set out inthe preamble <br />hereby <br />in all things apprre incorporated herein for all <br />-termsSection 2. That the i <br />Abatement Agreement between the city and PW Investments, LLC and -the property <br />-thereofthe subject i Guidelines ri <br />by the City ill lead to the economic <br />development of the ProgramArea described in said Resolution. 2024-002. <br />Section ® That -the terms and conditionsproposed <br />here -to as Exhflnt A and incorporated herein yhaving beenreviewed <br />-the City Council of -the City of Paris in the bestinterests <br />of -the City of Paris citizens, be, and the same are hereby, in alli r <br />authorizedSection 4. That the Mayor is hereby reement and <br />all other documents i -therewith <br />accordingsubstantially r i in the Agreement <br />propertyattached hereto as EXbibjiJ.A.,. <br />Section 5. That 'the planned use of the <br />constituteabatement will not az rpublic y or morals. <br />Secti"on approval and execution of the agreement <br />approvalCity 'is not conditioned upon and execution <br />agreementr taxing entity. <br />Mihir /ankaji, Mayor Pro -Tem <br />
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