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Memorandum Item No. 15 TO: Mayor & City Council Rose Beverly, City Manager FROM: Osei Amo-Mensah, Director, Planning & Community Development SUBJECT: Economic Development and Residential Tax Abatement Agreement with Volanda R. Hill. DATE: January 12, 2026 BACKGROUND: The applicant Volanda R. Hill has applied for an Economic Development and Residential Tax Abatement Agreement under the 5 in 5 Housing Infill Development Program (the Program) to build a Single -Family Dwelling. The Name and Location of the Reinvestment Zone: 2025-1 encompassing the entirety of the corporate limits of the City of Paris, Texas. Properties to be included in the abatement is: • LCAD# 12989, Maxey Addition Block 4, Lot PT 2,1560 W. Campbell STATUS OF ISSUE: Staff has reviewed the application and determined that the properties are within the Program Area, and that the proposed improvements meet the criteria for the Program. The proposed agreement, attached hereto, provides incentives under Chapter 380 of the Texas Local Government Code relating to labor fees on water/sewer taps, building plan review, and permitting as well as a residential tax abatement under the authority of Texas Tax Code Chapter 312. There is transfer of City of Paris trustee property. All incentives are provided in the Program guidelines and criteria. Notice of the Council's consideration of the tax abatement was duly posted at least 30 days prior to this meeting as required by law. BUDGET: The estimated cost of the Nature of the Improvement or Repairs: $80,000.00. Discounts on the fees are mentioned in the program guidelines as described above. The tax abatement will have negligible budgetary impact as the abatement will apply only to the incremental value to taxable value attributable to the required improvements on otherwise undeveloped property. RECOMMENDATION: Adopt a resolution approving the attached 5 -in -5 agreement with Volanda R. Hill.