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Regular Council Meeting June 8, 2026 Page 3 Finance Director Steve Marriott explained the City of Paris currently had treated water contracts with four local industries, and it was required for the City to have an independent rate consultant conduct a cost -of -service study each year. Mr. Marriott introduced Chris Ekrut with NewGen who presented the results of the study, summarizing that they recommended that water rates be increased 2.5% across the board. He said they did not recommend an increase in wastewater rates. 10. Discuss and act on RESOLUTION NO. 2026-020: a Resolution requesting financial participation from the Texas Water Development Board; authorizing the filing of an application for financial participating; and making certain findings in connection therewith. Engineering Manager Steve Hodges explained that House Bill 500 passed during the 89t" Legislative Session and appropriated $1.038 billion in funds for water supply and infrastructure projects to the Texas Water Development Board. He emphasized this was a one-time opportunity for a limited number of Texas communities to receive grant funding and the deadline to submit an application was July 30, 2026. A Motion to approve this item was made by Council Member Norment and seconded by Council Member Putnam. Motion carried, 5 ayes — 0 nays. 11. Discuss and act on RESOLUTION NO. 2026-021: A Resolution approving a residential tax abatement and economic development agreement with M & R Texas Holding, LLC as a part of the 5 in 5 Housing Infill Redevelopment Program for property located at 117 N.W. 9t" St., 940 Conner St., 609 E. Garrett St., 951 N.E. 7"' St., Block 74-D-Lot3-3rd St., 358 N.W. 4"' St., Maxey Addition Block 6 Lot 1 (unaddressed), 945 W. Cherry St., and 653 N.W. 4th St. Planning Director Osei Amo-Mensah said M&R Texas Holding, LLC applied for an economic development and residential tax abatement agreement under the 5 in 5 Housing Infill Development Program to build nine single-family dwelling homes. He also said staff had reviewed the application and determined that the properties were within the program area, and that the proposed improvements met the criteria for the program. City Attorney Stephanie Harris said the applicant had withdrawn the application for 609 E. Garrett so there would be eight properties instead of nine. A Motion to approve this item was made by Council Member Putnam and seconded by Council Member Attebury. Motion carried, 5 ayes — 0 nays. 12. Receive nominations for the vacant seat of City Council District Two, discuss and schedule a meeting for interviews. Mayor Pankaj said Mayor Pro -Tem Savage had one or two nominees he wanted to submit, and Council Member Ladell had mentioned about opening the vacancy to receive