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forth in, the Guidelines and Cn*,ten*a for the 5 In 5 Housing In.fill Development Program as set <br />forth in City Resolution No. 2025-025. <br />NOW, THUREFORE, in. consideration of the terms and conditions referenced herein, <br />and <br />of good, and, valuable consideration, the receipt and sufficiency of which is hereby <br />acluiowledged, the. City-, and Owner, (collectively referred to as Parties) hereby mutually agree as <br />followsr. <br />1.1 The Recitals set forth hereinabove are incorporated into this Agreement for all <br />wffff� <br />11. <br />Component Parts <br />2.1 This Agreement comprises two component parts, including an economic <br />development agreement pursuant to Texas Government Code Chapter 380 and a residential tax <br />abatement agreement pursuant to Texas Tax Code Section 312, <br />111. <br />Terms Applicable to both the Economic Development Agreement and the Residential Tax <br />Abatement Agreement: <br />A. The Prop erti es—Areas to be Improved <br />3.1 The Improvements defined in section III B below and made the subject of this <br />Agreement shall be located on the Properties located in Paris, Lamar County, Texas more fully <br />descn*bed in Exhibit I attached hereto and incorporated herein by reference, which Properties <br />*thin Reinvestment Zone No. 2025-1 and within the area set forth in the Program: <br />are wi <br />* LCAD# 15463, City of Paris Block 97, Lot 5,3r' St. NW <br />& LCAD# 16167, City of Paris Block 133, Lot 10, 542 <br />0 LCAD# 113 64, Few Addition Block I . Lot 12, 1209 17" St. NW <br />0 LCAD# 22029, Park Addition Block 1. Lot 5, 7hSt. NW <br />LCAD# 15228, City aBlock 87, Lot 16., 725 7" St. NW <br />3.2 The Properties listed are Tax Foreclosure City Trustee (City Trustee) status <br />properties with the exception of LCAD# 15228, which is a Lamar County Timstee status <br />property. <br />B. Cons lidera d" on—Improvements <br />3.3 The Improvements to be completed consist of five (5) single family home <br />structures (the Structure or Structures) on the above described Properties as more fully described <br />in the application for the Program attached hereto and incorporated herein as Exhibit 1. <br />2 <br />