|
Nexus has leased the parcels from Mr. Moore as part of the MRG Goody Solar Project (the
<br />"Project"). The Project will occupy additional parcels owned by the company to the west and out
<br />in the county. As a part of the development process, Nexus discovered that all of parcel 70423 and
<br />portions of the remaining parcels lie within the city limits of Paris. As a part of the application for
<br />disannexation and in meetings between the developer and city staff, Nexus has presented the
<br />following factors as impetus for seeking disannexation:
<br />• Maintaining Uniformity of Development for City Protection. Over 90% ir,.-.)f the acreage and
<br />costs for the Project are located o.itsiidp of the City of Paris city fink.s. Dsannexation aHows
<br />ius to udfizir," a uniform and f:,onsisteint design style, cornponents, and construction appimach,
<br />which vvouW mirirryflze potenfial dielays, reduce investryient risk, redt.�ce fire hazards, and
<br />generally reduce potential rnishaps duo to disparat,(.p, mqtAreirneints.
<br />• IWnirnizing City ir,.)f IlRaris ObEigatioris. IDisannexation vvok.fld feimove the burden fronn the City
<br />to offer local seTvicn,:as; a partk-.Jar coricern for a rerrote edge of the City c)f Paris' property.
<br />• A(:::cnr eirating Substantial Ecioiriomc Benefits to Chisijirn ISD,. Fhe Project is participating in a
<br />Chapter 313 Agreement' (the "Agreement"' w'ith Independent SchocdDisu,-ict-
<br />("ChiSLUM MY)..Fhe Agreement Vdirill pria,wride rnore tf-,tan $23 million doflarrS Lo elm'
<br />'IS
<br />over the next T51 ard nearly $11 rnflhon in the first. 1.0 years. Iniflafly, it was Ilfaianrnod
<br />for the Project to cornpWete corWruction in 2027, meaning Chist.jrn ISD WOUldn't receive ariy
<br />signfficant revenues Unfil 2028. The Prc.:) ' �ect approaOed Chisurrii 6D to arnenid the
<br />Agreement Ion 2024, 1--ioping to accellerate thip Pmject dmehne by cornpleting construction in
<br />2025, aHowing C"hisurn ISD to begin reciedv�ng significant revenues liin 2026....... two,yeear.
<br />earlier than odginafly pU,ined. The aforementioned deays created Iby the SUP'Jeoparfflze
<br />the Proiiact's abiRy to, bir.agin construction in,2024. and may furthir,r jeopardize ii::[ -Ie Project's
<br />development.
<br />• Accelerating Econinryflic Benefifts to Larnair Cq1gnjL±gris Junior Collo e pan the City of IParis.
<br />Fhe Pr*ct is anticIpated to accelerate its tirnefine by nearly two years with the aim of
<br />stardrig CrC)fJStrJJc-t'ion before the end of 2024. This woWd iesouk in substantial tax paymc.--mts
<br />beginning in 2025 Di annexation Wps ensk.,iire this acce[erated timefline can h: e R,maintained
<br />�by cionlomding perrnitting requirements aa::xoss the erntire Project and Iproidirng T-Inore
<br />toning, regi.flatiory, and revenue certainty to the Project and each of Lamar County, Paris
<br />Junior CoHege, and the City of Paris.
<br />• "rhe Spedific Use Permit Prat renally Negates all Investment WitKin City of Paris 1-imits. "I"he
<br />Noject has engaged in high� y responsiWie deve�oprnent by corrunitflng to a fifty-f(,.)o-t buffer,
<br />which is Kigher than in(:RtStlry standards and sign if i1ca ritly llargeir than otheii, comparablle solar
<br />proJects in ILarrnar County. The four,hundred f(.:)ot buffer reqUired by On:finance
<br />202...000 , 8 29J(..)0,wouW efiminate five (5) of the seven (7) sobr anays, panned for these
<br />parce, s, creating Irnuddjpu e Ylears (,.,)f deved oprnera delays, and rieducng the Project investinent
<br />in the city hrnits by over 509,16. As a resuk, a majority of the potpndap tax revenlue to the City
<br />of Paris from the Pro'uect is already jeopardized by. b,JP even 'pn the alasence of as
<br />&sannexadoin As a result, disannexation foliowed by investment is as net 11.)osffive for fl,w City,
<br />of Paris.
<br />0 1 igUre 1.._ Project Maps (Entire lPr..oject)
<br />o Figuire2 Projec::T Maps(Selectf..-A Area in City of Paris Boundary)
<br />o Hgure 3 -- Selected Area in City of Paris Prop erty"Fax Revent,ie
<br />* Current 50'Setback/Buffeir
<br />* SIU P 400"' Se tback/Buffi.-iir
<br />
|