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DEC 31 2003 P~,.,.RIS, TEXAS A P.O. BOX 26 · Paris, Texas 75460 i~l~II 903.7;{9.9947 · fax 903.739.2104 · parisliving@sbcglobal.net ~j,:;'<y. December 29, 2003 Mr. Mike Malone, City Manager City of Paris P.O. Box 9037 Paris, Texas 75461-9037 Dear Mike: First of all, I want to thank you, Larry Schenk, Mayor Curtis Fendley and City Councilman Jim Bell for attending our board of directors meeting on December 10th. As you know, Paris Living - A Community Development Corporation is a 501(c) (3) non- profit organization. Cooperation from the City of Paris is essential to the efforts of our organization to revitalize the downtown neighborhoods and we are most appreciative of the willingness of those in attendance to do so. As you know, our current target area is on the SW side of the downtown area. Our first home, 237 SW 4th' is completed and sold. Construction has begun on the home to be built at 247 SW 4th, just adjacent to our first home and we have a contract on it as well. We have also acquired three additional properties in that area - two will require tear- downs one of which is currently underway thanks to funding provided us by Keep Paris Beautiful. We have a committed buyer for a home to build on one of these lots. We are currently pursuing three additional lots in this area and we have confidence that we will be able to find buyers for all the homes to be built. :in addition, we have been working cooperatively with Habitat for Humanity and have obtained funding that will also allow them to build two homes within this target area. ! hope you will agree that nine new homes built in this area will positively impact the neighborhood. In accordance with our discussion at the December 10th board meeting, it is our understanding that two lots on the SE side of the downtown area - 845 and 855 Polk Street - are owned by the City of Paris. We would like to ask that ownership of these properties be transferred to our organization for future development. Our plan for these properties would be to build affordable single-famiLy homes (approximately 1200 sq. ft) on the two lots. Upon completion, each home would be sold and put back on the taxes rolls.