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~ <br />City and Neighborhood Description <br />The subject is located in western Paris the county seat and the principal metropolitan area of Lamar <br />County, Texas. The city is the retail, mployment, cultural and medical center for a trade area that <br />exceeds 150,000 people and includes ome or all of the surrounding five counties in Texas and the <br />[hree counties in southeastern Oklaho a. The city had a population of 25,998 persons according to <br />the 2000 census which was a 4.8% g in in population from 1990 to 2000. The county as a whole <br />grew 10.4% to 48,499 persons over th same period. The primary growth direction of the city is east <br />and the most popular area of the co nry for residential rural growth is north and east. The city <br />annexed some 10,000 acres mosdy to he north and east, between 1997 and 1999 and its population <br />growth was primarily due to that anne ation. Paris and Lamar County have a stable economic future <br />based on the diversity of jobs in the edical, industrial, retail, and agricultural fields coupled with <br />a strong local financial base and a wid trade area. These factors insure a steady economy and a very <br />siow but positive growth much like t ey have experienced in the past. <br />The immediate neighborhood is defin d as a two block wide corridor from17'h street on the east to <br />19" street intersection on the west. his a mixed use with commercial, retail, multi family and <br />ecclesiastical uses mixed with older ingle family dwellings. Zoning is mixed with Commercial, <br />General Retail, Multi Family, Two F mily and Single Family in these twelve blocks. The subject <br />has a]arge, old, single family dwelling just east on the Bonham street frontage and in both directions <br />on Maple Avenue; there is a large auto obile repair and service center and a churchjust south across <br />Bonham s[reet the church parking lotjust west on Bonham street with older residential uses to its <br />north across Maple. The Hick Tire a d Muffler Center and the campus of the Immanuel Baptist <br />Church are the largest land users in th immediate strip but several other churches are within three <br />blocks. The traffic count in front of t e subject according to the last published survey (1999) was <br />about 7,400 cars per day. <br />The Iatest new construction include an ATM pad for Liberty National Bank on the corner of <br />Bonham and 19'h street and a 32 unit s If storage facility in the 1800 Block of Bonham street in 1999 <br />and a complete renovation of a five ay carwash at 19'h and Bonham in 2000. Just beyond the <br />immediate strip, a twelve unit apartm nt complex comprising the first phase of a 36 unit complex <br />of privately subsidized apartments wa, completed in late 1999 at the corner of Bonham and 25°i NW <br />and seven units at Bonham and 23"' S were completed in 2000. An 18 unit complex is currendy <br />planned just three blocks east at 13`h W and Bonham if financing can be arranged, and a two bay <br />fast lube is soon to be bui]t 90' east o the subject at 17'" NW and Bonham. Overall, development <br />along the strip usually Iags well behin the other major highways into Paris except for SH 19, and <br />unlike the others, it is usually of mix d use. That trend should continue on the future. <br />PAT MUIRPHY & ASSOCIATES 7 <br />