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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />TEXAS APPROVING AUTHORIZING <br />DEVELOPMENT AGREEMENT AND J ABATEMENT <br />WITH TOWER GUARD CONSTRUCTION & DEVELOPMENT, LLC <br />PURSUANT TO THE 5 IN 5 HOUSING INFILL DEVELOPMENT <br />PROGRAM; MAKING OTHER FINDINGS AND PROVISIONS RELATED <br />TO THE SUBJECT;' ■ DECLARING AN EFFECTIVE DATE. <br />WHEREAS, on February passed Ordinance <br />2020-005 creating <br /># #.## # designating certain # ## inside lrl. <br />statingcity limits to be eligible for the Residential Tax Abatement Program; and <br />WHEREAS, after a public hearing on January 10, 2022, the City Council of the <br />City of Paris, Texas passed Resolution No. 2022-003 its intent to establish a 5 <br />In 5 Housing In -Fill Development Program (hereinafter "the Program") including low <br />It I <br />cost land sales and residential tax abatements and adopting guicte , unes and criteria <br />o "" Program; re <br />WHEREAS, by Resolution 2022-003, City Council designated an # <br />rea within <br />Reinvestment Zone 2020-1 as being eligible for - Program; # • <br />WHEREAS, on April 10, 2023, the City Council approved <br />�re-authorizing the City to become eligible to participate in residential tax abatements <br />and a for the residential tax abatementprogram; <br />participationWHEREAS, the Program has additional criteria and guidelines - for <br />-rein, including criteria and guidelineseligibility <br />## <br />tements; and <br />WHEREAS, on August 26, 2024, City Council, by Resolution �Ao. 2024-038, <br />revised guidelines ,. <br />Owner an application + <br />Development project to construct six (6) single family homes on the properties <br />described herein below in Paris, Texas (hereinafter "Improvements"); and <br />WHEREAS, city staff has reviewed the application and the location <br />above described residential Improvements and has determined that the properties <br />are located within the boundaries of the defined geographic area and Reinvestment <br />Zone 2020-1 d meetrequirements . <br />and criteria for the Program as set forth in City Resolution No. 2024-038. <br />NOW., THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS, TEXAS, THAT: <br />Section 1. The findings set out in the preamble o this resolution are hereby <br />in all things approved -d herein for all + <br />