14 - Action on Disannexation Petition - located on CR 22500

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ORDINANCE NO. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS DISANNEXING PORTIONS OF FOUR PARCELS OF PROPERTY EQUALING APPROXIMATELY 170 TOTAL ACRES AND LOCATED ON OR AROUND COUNTY ROAD 22500 (LCAD#s 71112, 71113, 70422, AND 70423) WITHIN OF THE CITY LIMITS OF THE CITY OF PARIS CONTINGENT UPON EXECUTION OF A DISANNEXATION AGREEMENT WITH THE PETITIONER, APROVING SAID DISANNEXATION AGREEMENT AND AUTHORIZING THE MAYOR TO EXECUTE SAME; ADJUSTING CITY BOUNDARIES TO REFLECT NEW CITYLIMITS; MAKING OTHER FINDINGSAND PROVISIONS RELATED TO THE SUBJECT; PROVIDING A REPEALER CLAUSE, A SEVERABILITY CLAUSE AND A SAVINGS CLAUSE; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the city staff has presented to the City Council a petition brought by Nexus Renewable Power, LLC ("Nexus") on behalf of Robert Moore, the property owner, for disannexation of property (the "Property") he owns which is currently located within the City Limits of the City of Paris, said property being portions of three parcels (LCAD#s 71112, 71113, and 70422) and the entirety of a fourth parcel (LCAD# 70423) on or around County Road 22500, being approximately 170 acres in total as more particularly described in Exhibits A and B attached hereto and incorporated herein by reference; and, WHEREAS, Nexus is the leaseholder of the Property, and the intended use of the Property is for the development of a solar farm project, most of which will be located outside of the City limits; and WHEREAS, on June 24, 2024, the City Council directed staff to begin disannexation proceedings regarding the aforementioned property; and WHEREAS, the city notified other taxing entities of the proposed disannexation on July 9, 2024 as required by law; and WHEREAS, the city published notice of two public hearings in the Paris News on July 15, 2024 as required by law; and WHEREAS, the City Council conducted the first public hearing on the petition at a special meeting on August 5, 2024, at which no one spoke either in favor or in opposition to the petition; and WHEREAS, the City Council conducted the second public hearing on the petition at its regular meeting on August 12, 2024, at which a representative of the petitioner spoke in favor of the petition and no one spoke in opposition thereto; and WHEREAS, the City and Nexus have agreed to the terms of a Disannexation Agreement, a copy of which is attached hereto as Exhibit C and is incorporated herein by reference, wherein Nexus has agreed to pay to the City the sum of $400,000.00, to be paid in