04-28-2025 - Notice of Consideration of Tax Abatement Agreement - Capital Group, LLC

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NOTICE OF CONSIDERATION OF TAX ABATEMENT AGREEMENT Notice is hereby given that the City Council of the City of Paris will meet in regular session at 5:30 p.m. on Monday, April 28, 2025 to consider a potential residential tax abatement agreement as set forth below. The meeting will be held at the City Council Chamber, 107 E. Kaufman Street, in Paris, Texas. The matters to be discussed and acted upon are as follows: 1. Owner of Property: City of Paris as Trustee Applicant: EXL Capital Group, LLC 2. The Name and Location of the Reinvestment Zone: Investment Zone 2025-1, encompassing the entirety of the corporate limits of the City of Paris, Texas. Properties to be included in the abatement are: • LCAD- 13833, 128 NE 10th St., City of Paris Block 32-13, Lot 10 • LCAD- 13802, 203 NE 13th St., City of Paris Block 32, Lot 7 • LCAD- 13867, 1405 E. Houston, City of Paris Block 33-A, Lot 7 • LCAD- 10706, 1758 W. Shiloh, Colonial Addition Block 5, Lot 10 • LCAD- 10707, W. Shiloh, Colonial Addition Block 5, Lot 11 3. A General Description of the Nature of the Improvements or Repairs: Construction of 5 single-family homes under the City's 5 in 5 Residential Infill Development Program 4. The Estimated Cost of the Improvements or Repairs: $130,000.00--$150,000.00 per unit. Certification I certify that the above notice of meeting was posted on the bulletin board in the City Hall Annex, 150 1 st SE,lParis, Ye'xas and on the City's website at www.paristexas.gov, no later than 5:30 p.m. on March 26, City 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 or jellis@paristexas.gov for assistance.