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Memorandum TO: Mayor & City Council Rose Beverly, City Manager Agenda Item No. 8 FROM: Osei Amo-Mensah, Director, Planning & Community Development SUBJECT: Economic Development and Residential Tax Abatement Agreement with Ricardo Alonso — Confia Homes LLC. DATE: April 13, 2026 BACKGROUND: The applicant Ricardo Alonso of Confia Homes LLC 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 Five (5) Single -Family Dwelling Homes. 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# 11123, East Park Addition, Block L, Lot 7-9, 1165 NW 16th • LCAD# 11788, Gibbons Park, Block 3, Lot 8, 646 E. Polk • LCAD# 17072, City of Paris, Block 190, Lot 1, 1367 W. Houston • LCAD# 17573, City of Paris, Block 227, Lots 10-A, 1736 E. Cherry • LCAD# 18363, City of Paris, Block 268, Lot E 139.5' of 13, 1230 Johnson St. 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 are transfers of City of Paris trustee properties. 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 total estimated value of the Improvement to be constructed on the above - referenced parcels is at least: Eight Hundred Thousand and No/100 Dollars ($800,000.00). 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