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Section 2. That the terms of the Economic Development Agreement and Tax <br />Abatement Agreement between the city and Nuthouse Construction, LLC and the <br />property the subject thereof meet the City's Guidelines and Criteria for Tax <br />Abatement adopted by the City of Paris by Resolution No. 2025-010 and will lead to <br />the economic development of the Program Area described in said Resolution No. <br />2025-025. <br />Section 3. That the terms and conditions of the proposed Agreement attached <br />hereto as Exhibit A and incorporated herein by reference, having been reviewed by <br />the City Council of the City of Paris and found to be acceptable and in the best interests <br />of the City of Paris and its citizens, be, and the same are hereby, in all things approved. <br />Section 4. 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 8th day of December, 2025. <br />CITY®F,o`: <br />ATTEST: <br />��'rrrrirru`N% <br />ice Ellis, City Clerk <br />A 07VED AS TO FORM: <br />Step a ie H. Harris, City Attorney <br />Mihir Pankaj, Mayor <br />