06-09-2025 - Notice of Consideration of Tax Abatement Agreement - The Magnolia Paris, LLC

Home Browse Search

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, June 9, 2025 to consider a potential residential tax abatement agreement as part of the 5 in 5 Housing Infill Redevelopment Program as set forth below. 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 hp pis, The matters to be discussed and acted upon are as follows: 1. Owner of Property: The Magnolia Paris, LLC Applicant: The Magnolia Paris, LLC 2. The Name and Location of the Reinvestment Zone: Reinvestment Zone 2025-1 enconipassing the entirety of the corporate limits of the City of Paris, Texas. Properties to be included in the abatement are: • Magnolia Comer Addition Lot 7R, Block 115, 8111 St. SE • Magnolia Comer Addition Lot 8R, Block 115, Sth St. SE • Magnolia Comer Addition Lot 9R, Block 115, 81h St. SE 3. A General Description of the Nature of the Improvements or Repairs: 3Duplexes far a total of 6 dwelling units 4. The Estimated Cost of the Improvements or Repairs: $450,000.00 Certification I certify that the above notice of meeting was posted on the bulletin board in the City li a I] Annex, 150 First St SE Paris, Texas and on the City's website at www.pafistexas.gov, no later than 5:30 p.m. on 2025. C, Ellis,, City Cjrr�- 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 orjellis(��iparistexas.gov for assistance.