08-05-2024 - Laserfiche WebLink

Home Browse Search

KEAND WS ......._..W�_ E VALUATION •TAX•50LUTION5 May 13th, 2024 City of Paris 135 SE First Street Paris, TX 75460 RE: Exhibit A - Application for Disannexation (Nexus Renewable Power, LLC c/o Mr. Robert Moore) Reasons for Disannexation Dear City Council: MRG Goody Solar Project (the "Project") requests Disannexation for the following reasons: Maintaining Uniformity of Development for City Protection. Over 90% of the acreage and costs for the Project are located outside of the City of Paris city limits. Disannexation allows us to utilize a uniform and consistent design style, components, and construction approach, which would minimize potential delays, reduce investment risk, reduce fire hazards, and generally reduce potential mishaps due to disparate requirements. Minimizing City of Paris Obligations. Disannexation would remove the burden from the City to offer local services; a particular concern for a remote edge of the City of Paris' property. Accelerating Substantial Economic Benefits to Chisum ISD. The Project is participating in a Chapter 313 Agreement' (the "Agreement") with Chisum Independent School District ("Chisum ISD„) The Agreement will provide more than 23 million dollars to Chisum ISD, over the next 35 years, and nearly $11 million in the first 10 years. Initially, it was planned for the Project to complete construction in 2027, meaning Chisum ISD wouldn't receive any significant revenues until 2028. The Project approached Chisum ISD to amend the Agreement in 2024, hoping to accelerate the Project timeline by completing construction in 2025, allowing Chisum ISD to begin receiving significant revenues in 2026 —two years earlier than originally planned. The aforementioned delays created by the SUP jeopardize the Project's ability to begin construction in 2024 and may further jeopardize the Project's development. Accelerating Economic Benefits to Lamar Coun Paris Junior College and the Ci of Paris. The Project is anticipated to accelerate its timeline by nearly two years with the aim of starting construction before the end of 2024. This would result in substantial tax payments beginning in 2025. Disannexation helps ensure this accelerated timeline can be maintained by conforming permitting requirements across the entire Project and providing more timing, regulatory, and revenue certainty to the Project and each of Lamar County, Paris Junior College, and the City of Paris. 2 These Chapter 313 Agreements no longer exist so this Project presents one of the final opportunities for Chisum ISD to recognize this material benefit to the school district. 2424 Ridge Road469.298.1594 13 Rockwall, TX 7SO87 11