15 - Second Public Hearing on disannexation request - CR 22500

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*The thin yellow line is the city finfits line; the t1iick green lines outline the parcels,, Nexus has leased the parcels frorn. Mr. Moore as part ofthe MIZG Gc)ody Solar Project (the "Pro " ject"). '.rhe Project will occupy additional pareels owned by the cornpany to the west and out in the county. As a part of the develol,mieritt process, Nexus discovered that, all of parcel. 70423 and portions of the remaining parcels lie within the city limib.,..; of Paris. As a part of the application for disannexation and in. rneetings between the developer arid city staff, Nexus has presented the fbIlowing factors as impetus for seeking disartnexation- * Maintaining Jiniforrrihy ii:A Development for, City Protection, Over 90% of the acreage and costs for the Project are docated outside of the City of Pairis city lir alts, Disannexafloin ailows us to utilize a uir4orrn and coinsMent design style, coirnporients, and construction a1ppiroach, whl ch woWd minirnize potenda4 delays, reduce investment risk, reduce fire hazards, and genemHy reduce l:)otenttical mishalps due to disparate requiverneints. * Minimizing City of Paris Obfigations., l:) fsarnrnaoratfoun wotfld remove the burden frorn the City to offer locall services, a particii.ilar concern for a rerncae edge of dw City of Paris' property. * Acceleiratiing Substantial Economic Benefits to C11-0surn W. The Pr-r,::)jecL is participating in a Chapter 313 Agreement' (the "Agreemeirit") witl,-n Chisii.jm Independent School IDislAct (1(."hisurn ISD")., ...Fhe Agreement iIII pirovHe it -nor e than, million, dollars thIsum ISID over the next 35 years, and nearly $11 million fin the first 10 years., Iirniitiiallly, it was phinned for the I' to�ect to cc)rripiete construction in 2027, imeaning Chisum ISE) wouldn"t re-ceive any sigrilificarit revenues uuntfll 2028. Fhe Project approached CNSUrn ASID to arc-ridthe Agireernent in 2024, hoping to accelerate the Project firrieline by carnpdetiirig constrLICtion fin 2.025, allowing CNsuirn ISID to begin receivingsignificant revenues 412026 — twoyraars earfier than origlinally planned. The aforernentioned delays created by the SUP jeopardize the Fliroject's abHity to begin constn.,iction in 202-4and rnay further je)parr ize the ProjecIt's development. * Au..Aerating Ecoiriornic Beim fits to Larnar, Colunt.Y,. Par is Junior College and the Gtv of Paris. The Project is anticpate dl to accelerate its tirrieline by nearly two years with the aim of starfirig construction before the end c)f 2.024. 11 -tis woulld result in sijbstantW tax paygneints begininirig fin '.2025. Disannexation helps ensure this accelerated tirnehne can be rnafintah'led by conforming permitting requirerneirits, across the entive Project and providng moire . tirning, regulatory, arid revenue certainty to the ProJect and each of 11 arnar-County,I)ans ,R,iinior CoHege, and the City of Paris.