02-10-2025 - Notice of Consideration of Tax Abatement Agrement

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NOTICE OF CONSIDERATION OF TAX ABATEMENT AGREEMENT Notice is hereby given that the City Council of the City of Paris shall meet in regular session at 5:30 p.m. on Monday, February 10, 2025 to consider a potential residential tax abatement agreement as part of the 5 in 5 Housing Infill Redevelopment Programas set forthbelow. The meeting will be held at the City Council Chamber, 107 E. Kaufman Street, in Paris, Texas. A video feed will be available for live viewing at V Lmumi st V w .The mattes to be discussed and acted upon are as follows: 1. Owner of Pro ert. City of Paris as Trustee; Lamar County as Trustee Applicant: Invest Lamar, LLC 2. The Name and Location of the Reinvestment Zone: Reinvestment Zone 2020-1, (to be redesignated as Reinvestment Zone 2025-1 on January 27, 2025) encompassing the entirety of the corporate limits of the City of Paris, Texas. Properties to be included in the abatement are: • LCAD# 10186, NE 10th St., East Park Addition, Block B, Lots 3 and 4 • LCAD# 18397, 1400 Block of NE Johnson, City of Paris Block 270, Lot 3 • LCAD# 12820, 1300 Block of NE 141 St., Lane Place Addition Block 1, Lot 13 • LCAD# 10964, 18 21 NE 10th St., East Park Addition Block A, Lot 10 • LCAD# 101212, 1400 NW 12th St., East Park Addition Block N, Lot 8 • LCAD# 11672, 1224 SE 17th St., Gibbons -Braden Addition Block 14, Lot 9 • LCAD# 13758, 600 Block of E. Price St., City of Paris Bock 29, Lot 4 3. A General Descri .. tion of the Nature of the Im rovements or Re pairs: 8 single-family homes 4. The Estimated Cost of the Im orovements or Repairs: $1,800,000.00 Cer 'f ation I certify that the above notice of meeting was posted on the bulletin board in the City Hall Annex, 150 First At. SE, Paris, Texas and on the City's website at www.paristexas.gov, no later than 5:30 p.m. on -10 2025. � ice Ellis, City Clerk J Special Accommodations This facility is wheelchair accessible and accessible parking spaces are available. Requests for special accommodations or interpretive services must be made forty-eight (48) hours prior to this meeting. Please contact Janice Ellis at (903) 784-9248 orjeUis@paristexas.gov for assistance.