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Annual Report <br />Fiscal Year 2024/2025 <br />City of Paris, Texas <br />Tax Increment Reinvestment Zone Number One <br />Pursuant to Texas Tax Code Sec. 311.016, the City Council of the City of Paris, <br />Texas makes this annual report for Tax Increment Reinvestment Zone No. 1 (TIRZ No. <br />1) for the fiscal year 2024/2025 ending September 30, 2025: <br />1. The amount and source of revenue in the tax increment fund established for <br />the zone (Sec. 312.016 (a)(1)): <br />The amount of revenue in the Fund as of September 30, 2025 was $255,795.31.The <br />source of revenue is fifty percent (50%) of ad valorem taxes owed to the City of Paris, <br />Texas on the incremental taxable value over and above the base value as established on <br />January 1, 2019. <br />2. The amount and purpose of expenditures from the fund (Sec. 312.016 (a)(2)): <br />There was a single expenditure of $20,000.00 in the fiscal year. The purpose of the <br />expenditure was the hiring of a consultant to assist the TIRZ Board of Directors with <br />revenue projections and related matters. <br />3. The amount of principal in interest due on outstanding bond indebtedness <br />(Sec. 312.016(a)(3)): <br />The Fund has issued no bonds and has no indebtedness. <br />4. The tax increment base and current captured appraised value retained by the <br />zone (Sec. 312.016(a)(4)): <br />The tax increment base retained by the Zone as of September 30, 2025 was <br />$49,649,542.00. The current appraised value retained by the Zone as of September 30, <br />2025 was $87,115,822.00. <br />5. The captured appraised value shared by the municipality and other taxing <br />units, the total amount of tax increments received, and any additional <br />information necessary to demonstrate compliance with the tax increment <br />financing plan adopted by the governing body of the municipality. <br />As of September 30, 2025, the captured appraised value shared by the municipality and <br />other taxing units was $87,115,822.00. The total amount of all tax increments received <br />since January 1, 2019 is $241,946.63. No other taxing entity participates in the TIRZ. <br />