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2025-028 - Authorizing an Economic Development Agreement and Tax Abatement Agreement with R4U Ventures (Michael White) 5 in 5 Housing Infill Development Program
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2025-028 - Authorizing an Economic Development Agreement and Tax Abatement Agreement with R4U Ventures (Michael White) 5 in 5 Housing Infill Development Program
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6/11/2025 3:08:53 PM
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6/11/2025 3:07:06 PM
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CITY CLERK
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Resolution
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Section 3. That the terms and conditions of the proposed Agreement attached <br />hereto as Ex_hibit A and incorporated herein by reference, having been reviewed by <br />Section4. That the Mayor is hereby authorized to execute the Agreement and <br />all other documents in connection therewith on behalf of the City of Paris <br />substantially according to the terms and conditions set forth in the Agreement <br />attached hereto as Exhibit A,, <br />Section 5. That the planned use of the property the subject of the tax <br />abatement will not constitute a hazard to public safety, health, or morals. <br />Section 6. That this approval and execution of the agreement on behalf of the <br />City is not conditioned upon approval and execution of any other tax abatement <br />agreement by any other taxing entity. <br />PASSED AND APPROVED by the City Council of the City of Paris, Texas at its <br />regular meeting on the 9th day of June, 2025. <br />APOROVED AS TO FORM: <br />S i me H. Harris, City Attorney <br />. ......... <br />Mihir Pankaj, Mayor <br />
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