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Annual Report Fiscal Year 2023/2024 City of Paris, Texas Tax Increment Reinvestment Zone Number One Pursuant to Texas Tax Code Sec. 311.016, the City Council of the City of Paris, Texas makes this annual report for Tax Increment Reinvestment Zone No. 1 (TIRZ No. 1) for the fiscal year 2023/2024 ending September 30, 2024: 1. The amount and source of revenue in the tax increment fund established for the zone (Sec. 312.016 (a)(1)): The amount of revenue in the Fund as of September 30, 2024 was $173,972.89.The source of revenue is fifty percent (50%) of ad valorem taxes owed to the City of Paris, Texas on the incremental taxable value over and above the base value as established on January 1, 2019. 2. The amount and purpose of expenditures from the fund (Sec. 312.016 (a)(2)): There were no expenditures made from the fund in FY 2023/2024. 3. The amount of principal in interest due on outstanding bond indebtedness (Sec. 312.016(a)(3)): The Fund has issued no bonds and has no indebtedness. 4. The tax increment base and current captured appraised value retained by the zone (Sec. 312.016(a)(4)): The tax increment base retained by the Zone as of September 30, 2024 was $49,649,542.00. The current appraised value retained by the Zone as of September 30, 2024 was $77,500,830.00. 5. The captured appraised value shared by the municipality and other taxing units, the total amount of tax increments received, and any additional information necessary to demonstrate compliance with the tax increment financing plan adopted by the governing body of the municipality. As of September 30, 2024, the captured appraised value shared by the municipality and other taxing units was $77,500,830.00. The total amount of all tax increments received since January 1, 2019 is $173,972.89. No other taxing entity participates in the TIRZ. No expenditures have been made from the Fund while tax increments accumulate..