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Agenda Packet
CITY COUNCIL AGENDA Notice is hereby given that the City Council of the City of Paris shall meet in regular session at 5:30 p.m. on Monday, January 12, 2026. The meeting will be held at the City Council Chamber, 107 E. Kaufman Street, in Paris, Texas. One or all Council Members may be attending remotely, but the feed will be available for live viewing at http ://laristexas µov/public. The matters to be discussed and acted upon are as follows: Opening Agenda 1. Call meeting to order, 2. Invocation. 3. United States Pledge of Allegiance & Texas Pledge of Allegiance. 4. Citizens' forum. (Persons desiring to address the Council must limit their presentation to no more than two minutes, and remarks must be limited to matters of city business. Speakers will not be allowed to cede speaking time to others. Unless an item is posted on the Agenda, the Texas Open Meetings Act prohibits the Council from responding to any comments other than to refer the matter to a future agenda, to an existing policy, or to a staff person with specific factual information. Claims against the City, Council Members, or employees, including but not limited to claims in pending litigation, as well as individual personal appeals are not appropriate.for citizens' forum.) If necessary, the City Council may convene into Executive Session under Chapter 551 of the Texas Government Code regarding any item on this agenda. Consent Agenda Items on the Consent Agenda are approved by a single action of the Council, with such approval applicable to all items appearing on the Consent Agenda. A Council Member may request any item to be removed from the Consent Agenda and considered as a separate item. 5. Approve minutes from the meetings of December 8, 2025, and December 17, 2025. 6. Receive reports and/or minutes from the following boards and commissions: a. Paris -Lamar County Board of Health (8-18-2025) b. Love Civic Center Board (9-11-2025) c. Historic Preservation Commission (9-22-2025) d. Planning & Zoning Commission (11-3-2025) e. Paris Visitors & Convention Council (11-17-2025) f. Paris Economic Development Corporation (11-18-2025) 7. Receive the November 2025 monthly financial report. 8. Receive the November & December 2025 monthly drainage reports. 9. Ratify the agreement with Polco to assist with data collection. 10. Approve an annual contract with New Gen Strategies & Solutions, LLC for a 2026 Water and Wastewater Cost of Service Study, in the amount of $36,500.00. 11. Approve the City Investment Policy for 2026. 12. Approve an Amendment to the Grand Theatre Management Lease Agreement with Paris Grand Theatre Project, Inc. Regular Agenda 13. Conduct a public hearing, discuss and act on a Resolution declaring the City's intent to participate in a residential tax abatement program related to the 5 in 5 Housing Infill Redevelopment Program and readopting guidelines and criteria related thereto. 14. Conduct a public hearing, discuss and act on a Resolution declaring the City's intent to participate in an industrial abatement program and readopting guidelines and criteria related thereto. 15. Discuss and act on a Resolution approving an economic development and residential tax abatement agreement under the 5 in 5 Housing Infill Development Program with Volanda R. Hill. 16. Consider and approve future events for City Council and/or City Staff pursuant to Resolution No. 2004-081. 17. Adjournment. Certification 1 certify that the above notice of meeting was posted on the bulletin board in the City Hall Annex, 150 First St. SE, Paris, Texas and on the City's website at www.paristexas.gov, no later than 5:00 p.m. on January 6, 2026. Janice Ellis, City Clerk Special Accommodations, This facility is wheelchair accessible and accessible parking spaces are available. Requests for special accommodations or interpretive services must be made forty-eight (48) hours prior to this meeting. Please contact Janice Ellis at (903) 784-9248 or jeIli s s@paristexas.gov for assistance. Item No. 5 MINUTES OF THE REGULAR CITY COUNCIL MEETING OF THE CITY OF PARIS, TEXAS December 8, 2025 The City Council of the City of Paris met for a regular session at 5:30 p.m. on Monday, December 8, 2025, at the City Council Chamber, 107 E. Kaufman, Paris, Texas. Present: Mayor: Mihir Pankaj Council Members: Mickey Ellis, Shatara Moore, Alix Putnam, and Tracy Attebury City Staff. Rose Beverly, City Manager; Stephanie Harris, City Attorney; Janice Ellis, City Clerk; Rich Salter, Police Chief; Steve Marriott, Finance Director; Osei Amo-Mensah, City Planner; M.A. Smith, Director of Public Works; Danny Rowell, Director of Utilities; Thomas McMonigle, Fire Chief-, and Clyde Crews, Fire Marshal Absent: Mayor Pro -Tem: Gary Savage Council Member: Rebecca Norment Openine Agenda 1. Call meeting to order. Mayor Pankaj called the meeting to order at 5:30 p.m. 2. Invocation. Council Member Ellis gave the invocation. 3. United States Pledge of Allegiance &Texas Pledge of Allegiance. City Council led the United States Pledge of Allegiance and the Texas Pledge of Allegiance. 4. Citizens' forum. Alvin Atwood, 2419 Bonham St. — he said he opposed battery stations and big commerce. He expressed concern about possible fires from battery stations. Harley Draven, Hubbard St. — she said she had been volunteering for the City since 2024 and had become TAS certified. She expressed her appreciation to the City for allowing her to volunteer and be involved. Regular Council Meeting December 8, 2025 Page 2 Consent A gnda Mayor Pankaj said item number 15 needed to be moved to a meeting in January. He inquired of Council Members if they wished to pull any items from the consent agenda for discussion. There being none, a Motion to approve the consent agenda was made by Council Member Putnam and seconded by Council Member Attebury. Motion carried, 5 ayes — 0 nays. 5. Approve minutes from the meetings of November 4, November 10, and November 13, 2025, 6. Receive reports and/or minutes from the following boards and commissions: a. Planning & Zoning Commission (10-6-2025) b. Board of Adjustment (10-7-2025) c. Main Street Advisory Board (10-14-2025) d. Paris Visitors & Convention Council (10-20-2025) e. Paris Economic Development Corporation (10-21-2025) 7. Receive October monthly drainage report. 8. Receive October drainage report. 9. Confirm the appointment of Jim Noble to the Civil Service Commission. 10. Receive the Annual Comprehensive Financial Report (ACFR) Fiscal Year ending September 30, 2024. 11. Approve the Final Plat of the Micah's Corner CB69B Addition, Lots 1-4, Block A, LCAD 14653, located in the 400 Block of NE I Oth Street. 12. Approve the Final Plat of the Back Nine Addition, Block A, Lots 1 & 2, previously City Block 316, Lots 9, 9A and 91), LCAD 124052, located int eh 3300 Block of NE Loop 286. 13. Approve the Final Plat of R4U Ventures Addition, Block A, Lots 1 & 2, previously City Block 190, Lots 2 & 3, LCAD 17073 and 17074, located in the 1300 Block of W. Houston Street. 14. Approve the Final Plat of the 6th Street Ventures Addition, Block A, Lot 1, previously City Block 93-B, Lot 5, LCAD 15383, located in the 1000 Block of NE 6th Street. 15. Approve an Amendment to the Grand Theatre Management Lease Agreement (approved by City Council on August 27, 2018) with the Paris Grand Theatre Project, Inc. Regular Council Meeting December 8, 2025 Page 3 16. Approve a Letter Agreement with MHS Planning & Design, LLC for a Parks & Open Space Master Plan in the amount of $67,925.00 (funded by a $50,000.00 donation from the RAM Foundation and the remaining cost of $17,925.00 will be paid for by the City); and authorize the City Manager to authorize all necessary documents. 17. Approve an Agreement with Chris Lambka and Associates, LLC in the amount of $48,520.00 for a Downtown Paris Master Plan, Vision Guide. 18. Discuss, conduct a public hearing and act on ORDINANCE NO. 2025-027: AN ORDINANCE OF THE CITY OF PARIS, TEXAS AMENDING ORDINANCE NO. 2019-045 AND ORDINANCE NO. 2023-014 TO REMOVE SUBZONE 4 FROM THE BOUNDARY OF TAX INCREMENT REINVESTMENT ZONE NUMBER ONE; MAKING CERTAIN FINDINGS; AND OTHER RELATED THERETO. City Attorney Stephanie Harris explained this was referred from the TIRZ Board who requested the Subzone 4 be removed which included the Gene Stalling Industrial Park. Ms. Harris said the Stalling Industrial Park was largely undeveloped and that TIRZ No. I primarily benefited the downtown area. Mayor Pankaj opened the public hearing and asked for anyone wishing to speak about this item, to please come forward. With no one speaking, Mayor Pankaj closed the public hearing. A Motion to approve this item was made by Council Member Putnam and seconded by Council Member Attebury. Motion carried, 5 ayes — 0 nays. 19. Discuss, conduct a public hearing and act on ORDINANCE NO. 2025-028: AN ORDINANCE DESIGNATING A CERTAIN AREA AS CITY OF PARIS TAX INCREMENT FINANCING REINVESTMENT ZONE NUMBER TWO, ESTABLISHING A BOARD OF DIRECTORS FOR. SUCH REINVESTMENT ZONE; MAKING CERTAIN FINDINGS, AND OTHER MATTERS RELATED THERETO. Ms. Harris explained that Lone Star Planned Developments was developing the Forestbrook Estates housing subdivision and the City's master thoroughfare plan included a maior arterial street through the property. She said the developer had approached the City requesting the creation of a TIRZ to fund the construction of the roadway which would run from Southeast Loop 286 through the subdivision beyond to hook up with South Collegiate Drive, south of the veteran's memorial. Ms. Harris also said the viability of the TIRZ would depend on the City's reaching a development and reimbursement agreement with the developer and developer's ability to obtain financing. She reported that the TIRZ could be dissolved by Ordinance should no agreement be reached or the developer was unable to secure financing. Council Member Ellis asked Ms. Harris if it was her recommendation that Council do this. Ms. Harris said it would buy the City some time to get it done but they could dissolve it should that be needed. Council Member Putnam inquired if all TIRZ were bound by 30 years. Regular Council Meeting December 8, 2025 Page Ms. Harris said 30 years was the max but it could be in 5 so long as the debt on the project was paid in full. Mayor Pankaj opened the public hearing and asked for anyone wishing to speak about this item, to please come forward. With no one speaking, Mayor Pankaj closed the public hearing. A Motion to approve this item was made by Council Member Ellis and seconded by Council Member Putnam. Motion carried, 5 ayes — 0 nays. 20. Discuss and act on RESOLUTION NO. 2025-055: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS APPROVING AND AUTHORIZING AN ECONOMIC DEVELOPMENT AGREEMENT AND TAX ABATEMENT AGREEMENT WITH NUTHOUSE CONSTRUCTION, LLC PURSUANT TO THE 5 IN 5 HOUSING INFILL DEVELOPMENT PROGRAM; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. City Planner Osei Amo-Mensah said the applicants planned to build up to a total of five single-family dwellings. He said Staff had reviewed the application and determined the properties were within the Program Area and the proposed improvement met the criteria for the Program. A Motion to approve this item was made by Council Member Putnam and seconded by Council Member Ellis. Motion carried, 5 ayes — 0 nays. 21. Convene into executive session pursuant to Section 551.087 of the Texas Government Code, (1) to discuss or deliberate regarding commercial or financial information the governmental body has received from a business prospect the governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect prescribed by Subdivision (1), as follows: Westgate Apartments. Mayor Pankaj convened City Council into executive session at 5:50 p.m. 22. Convene into open session and possibly take action on those matters discussed in executive session. Mayor Pankaj reconvened City Council into open session at 6:05 p.m. and said there was no action to be taken. 23. Consider and approve future events for City Council and/or City Staff pursuant to Resolution No. 2004-081. There was no reference of future events. Regular Council Meeting December 8, 2025 Page 5 24. Adjournment. There being no further business, a Motion to adjourn was made by Council Member Ellis and seconded by Council Member Putnam. Motion carried, 5 ayes - 0 nays. Mayor Pankaj adjourned the meeting at 6:06 p.m. MIHIR PANKAJ, MAYOR JANICE ELLIS, CITY CLERK MINUTES OF THE CITY COUNCIL WORKSHOP MEETING OF THE CITY OF PARIS, TEXAS December 17, 2025 The City Council of the City of Paris met for a special meeting at 12:00 p.m. on. Wednesday, December 17, 2025, at the City Council. Chamber, 107 Kaufman Street, Paris, Texas. Present: Mayor: Mihir Pankaj (via facetime) Mayor Pro -Tem: Gary Savage Council Members: Rebecca Norment, and Tracy Attebury City Staff: Rose Beverly, City Manager; Janice Ellis, City Clerk; Stephanie Harris, City Attorney; Steve Marriott, Finance Director; Michel Sorrell, Interim Finance Director Absent: Council Members: Shatara Moore, Mickey Ellis and Alix Putnam Opening Agenda Call meeting to order. Mayor Pankaj called the meeting to order at 12:04 p.m. 2. Discuss the old hospital building (formerly known as St. Joseph Hospital). City Manager Rose Beverly reported that she and Mayor Pankaj recently talked to Sylvester Drain of Saving Souls about tearing down the old St. Joseph Hospital building. She said prior to taking the building down, an assessment needed to be done and that it could be paid for by a grant. However, Ms. Beverly explained that the Savings Souls board would have to sign off on it because the City did not own the building, but Saving Souls saw that as a negative and did not want to sign off on it. Ms. Rose said the City could get an assessment done if the City paid for it and asked Council their thoughts. She also said if the property was eligible, and that the assessment would determine if the property was eligible, there were grants available to assist with demolition of the building. City Attorney Stephanie Harris expressed concerns about the City's risk and said she was not saying that was a reason not to ask Saving Souls. Ms. Harris said they could get an administrative search warrant that allowed the City to go on the property and get the assessment done. She also said the City could get a demolition order from BSC if Council agreed that is the course of action that needed to be taken. Council favored Staff first getting in touch with Saving Souls to explain this to them and if needed, the City would take further legal action. Ms. Beverly added there was up to a million dollars of grant money available to demolish the building. Discuss lighting on Bonham Street. Special Meeting December 17, 2025 Page 2 Ms. Beverly said they previously discussed lighting on Bonham Street to make it safer and for aesthetics. She said they did not know the exact cost but estimated between $400,000.00 and $900,000.00. Council Member Attebury confirmed with Ms. Beverly that Council previously voted to express their interest in doing this. Ms. Beverly said TxDOT needed an answer as they were moving forward with the project on Bonham Street to include sidewalks. City Council favored doing the lighting. Council Member Norment inquired of the tirrieframe of putting in the lighting. Engineering Tech Steve Hodges said he would get an update. Ms. Beverly said she would find out the costs. 4. Discuss an addendum to the Agreement with Chris Lambka & Associates, LLC for the Downtown Paris Master Plan, Visions Guide. Ms. Beverly said this was covered under item 3 5. Discuss an agreement with Polco to assist with data collection. Ms. Beverly provided City Council with a copy of the Polco Proposal and reviewed the proposal with the City Council. In summary, Poleo would conduct a National Community Survey which would result in what the residents value most, where frustration or misunderstanding may exist, what level of trust people have in city government, how service performance compares to similar comm ' unities, and whether residents believe the City is managing resources wisely. Ms. Beverly touched on the engage module which stresses getting year-round information through social media, a centra feed where residents could respond to surveys, read updates, and participate in ongoing conversations. Ms. Beverly answered questions from City Council. Council Member Attebury said this would be a very important tool with what they had facing them. Ms. Beverly said if Council wanted to engage Polco's services, they needed to get going on it as quickly as possible and that she needed to be able to sign the agreement prior to the next Council meeting. City Council favored Ms. Beverly signing the agreement now and placing an item on the next agenda ratifying the action. There being no further business, Mayor Pankaj adjourned the meeting at 12:50 p.m. MIHIR PANKAJ, MAYOR JANICE ELLIS, CITY CLERK Item No. 6 Paris—Lamar County Health District 400 West Sherman Street, Paris, Texas 75460-5646 Health District: (903) 785-4561 and Pax: (903) 737-0978 Women, Infant and Children (WIC); (903) 784-1411 and Fax: (903) 784-1442 wwurislar�arealth.com Paris -Lamar County Board of Health Re alar Meeting The Paris -Lamar County Board of Health held a regular session on Monday, August 181h 2025. Board Member's Name - _ In Attendance Not in Attendance **** vacant _.wwwww....__...._. _ . ..� .... . .. ...._ .._ _ww . ......._..._. X .......www ....w�w.....��.�... ...._...w. Mrs. Kristen Praterx ..... www_...._..._ .,Dr. Bart Hays... ...... x ��..�.....wwww_��...�W_....._w._..��._.... .__......�_..� _�..__..www..w_..._.._.......w. ..__..._.M...w� Dr. Amy Hughes X ..-,.Dr. Myers Hurt III.....w_............_.._ .........ww....._...._.. x Ms. Mitzie Pirtle....�...�w._...._...ww_w�._w_ �.....�.__..��X �.�.. ._-...��.....-..� .��.. _wry _ ._.. ,.�..w_...._.......... .......- .. ......... ...w .... _........ ..�...�_........... ...------- Dr. Russell Putnam x Others in Attendance were - Mrs. Gina Pr..��._�....._._�._-.�.�ww_.._.._ ._._..��....�, .. estridge, Executive Director x Miss Cheryl King, Administrative Assistant x Dr. Amanda Green, MedicalDirector x Mrs. Angela "Kristen" Prater was sworn in under oath and signed the Statement of Elected / Appointed Officer and Oath of Office before Miss Cheryl King, Notary Public. Mrs. Prater was advised of the required training, and certificates that are due within the next 90 days. Dr. Walker Putnam made a motion and was seconded by Dr. Bart Hays to convene into open session at 5:29 p.m. Motion carried. 5 yays, 0 nays. Dr. Myers Hurt lit made a motion and was seconded by Dr. Bart Hays to approve prior meeting minutes. Motion carried. 5 yays, 0 nays. Mrs. Gina Prestridge presented the board members with a public information request from Joseph Cotton with Cotton Engineering requesting information about Norstar located at 5500 FM 38 in Brookston, Texas. Dr. Walker Putnam and Paris - Lamar court IBoard of Health Members Chairman -Dr. Walker Putnam Vice -Chairman -Dr. Myers Hurt Ill Secretary- Susan Bellene 12039.2022,.023-- 392s.no9 Mitzie Pirtle (3939-30z03012.2026 P1W) Susan Davis )2922-2935aa25a.92V-Vt..2) Dr. Amy Hughes (=2aus, z92s.zm-F,_i) Dr. Bart Hays (2923.20242026.2039-R-1) Mrs. Gina Prestridge signed the request and Mrs. Caressha Milton emailed the survey drafts by Bob Ricks for that address. Dr. Putnam presented the board members with an application from Kristi Graham to fill the vacant spot of Susan Davis. Dr. Hurt made the motion to accept the application and was seconded by Dr. Hays. Motion carried. 5 yays, 0 nays. Mrs. Mitzie Pirtle and Dr. Bart Hays reviewed and approved the First Federal bank statement(s) ending in: • June 2025 Mrs. Prestridge advised the board members that the Certificate of Deposit will be maturing on August 26, 2025. Dr. Putnam made the motion to deposit the interest into current checking account and open another Certificate of Deposit in the amount of $200,000.00. with Dr. Hurt seconding the motion. Dr. Putnam advised to research the best interest rate for the Certificate of Deposit. Motion carried. 5 yays, 0 nays. Mrs. Prestridge advised the board members that she will be hiring a PA or FNP to work 3-4 days contract labor per week and the current FNP will be able to work 2 days a week as contract labor. Mrs. Prestridge advised the board members that the Paris -Lamar County Health District has the first option to purchase the north portion of our current building if the Horizon House moves out or leaves their current address. Board members will consider if it becomes available. Ms. Prestridge advised that the Paris -Lamar County Health District total liabilities and equity is approximately $2,979,000. Next QUARTERLY meeting will be either Monday, October 201h, 2025 Monday, November 17th, 2025, or December 15th, 2025, @ 5:30 p.m. Paris - Lamar Coup Board of Health Members Chairman - Dr. Walker Putnam (zc3a.:oz3.2o23-zaz"r ,) Vice -Chairman -Dr. Myers Hurt Ill (:oz:.:azs,zaz:-aoza. nw) Secretary- Susan Bellene n.,Z02z,20:2. Ins -n-1) Mitzie Pirtle (aoza-:033,:0:8-:oz6-rwp Susan Davis Dr. Amy Hughes (3az24nz5.=629 zM-rwp Dr. Bart Hays (ZOM2 u,zazs-xaza.n .1) New business to be discussed at the next meeting include electing new Chairman, Vice -Chairman, Secretary, and 2 members to review bank statements. Dr. Hurt made the motion and was seconded by Dr. Hays for the meeting to be adjourned at 5:40 p.m. Motion carried. 5 yays, 0 nays. Respectfully submitted by: GW* W1# r----------------- I 1 12-22-2025 1 At the December 15'h 2025 Board of Health Meeting, Dr. Hurt made the motion and Dr. Hays seconded the motion for the PLCHD board approved A4qp.mt lir_2W5 minutes to be submitted to the City Clerk in the City Hall Annex, located at 150 SE I" Street, Paris. Texas, for filing. Motion carried 5 yaps and 0 nays. Paris - Lamar County Board of Health Members Chairman - Dr. Walker Putnam (20ZO-20Z3,20Z 34 02friml) Vice -Chairman -Dr. Myers Hurt III Secretary- Susan Bellene(ZO19-2023,2022- 2025-FI-1) Mitzie Pirtle (:020.2023.2023486 0iwn Susan Davisf7O22-2Q30.202S.UZV-.F1-1) Dr. Amy HughesCZ=-20i,5,7025-2WM-F1mi) Dr. Bart Hays (2O234026, 2026-2O29-Flull MINUTES OF THE LOVE CIVIC CENTER BOARD MEETING OF THE CITY OF PARIS, TEXAS September 11, 2025 The Love Civic Center Board of the City of Paris met for a regular session at 12:15 p.m. on Thursday, September 11, 2025, at the Love Civic Center, 2025 S. Collegiate. Present: Board. Members: Gary Flynn, Robert Staples, Patty Nix, Denise Moffitt, Brittany Chaidemenos, Ashley Green, Chase Coleman, Trey Kraft; Montgomery Moore, Zach Saffle, Lauren Wilson and Levi Graham. City Representatives: Alix Putnam. Absent: Board Members: Brittany Johnson, Bart Chadwick, Hunter Jones, Peggy McClaren, and Brad Ramsey Call meeting to order. Robert Staples, Chairman, called the meeting to order at 12:15 p.m. 2. Citizens' Forum. No one present. 3. A motion to add two new board members, Montgomery Moore and Zach Saffle, was made by Chase Coleman, seconded by Denise Moffitt, motion carried, 12 ayes, 0 nays. 4. Approve minutes from the meeting of July 2025, a motion to approve this item was made by Brittany Chaidemenos , seconded by Lauren Wilson, motion carried, 12 ayes, 0 nays. Receiving the financial report from Denise Moffitt, a motion to approve this item was made by Levi Graham, seconded by Robert Staples. Motion carried, 12 ayes, 0 nays. Randy Nation stated that we still have a minor roof leak in the conference room. He stated that Girls Night Out, Cushman and TX Pac are all coming to the civic center. Paul Allen stated that April Newman will be speaking on September 17 at the civic center. He also gave an update on the trolley; we are actively looking for a new one because ours is in very bad shape. We are also looking at quotes for RV lines out front to stop leaks and RV concrete pads in the back of the civic center. Adjournment. There being no further business, A Motion to adjourn was made by Board Member Robert Staples, seconded by Board Member Brittany Chaidemenos Motion carried, 12 ayes — 0_ nays. Robert Staples adjourned the meeting at 12:32p.m. Robert Staples, Chair MINUTES of the SPECIAL MEETING OF THE HISTORIC PRESERVATION COMMISSION 107 E KAUFMAN ST PARIS TEXAS 75460 Se tember 224025 4:00 P.M. Present Board Members: Kelsey Turk, Glee Emmite, Millicent Kee, Boyd Hale, Linda Knox. Lalonna West City Representative: Duke McGee was absent; Cheri Bedford sat in his place City Council Liaison: Alix Putnam was present 1. Call meeting to order -Chairman - Kelsey Turk at 4:10 pm 2. Citizen's forum - no one spoke 3. Review and approve the September 10, 2025, regular meeting minutes -Chair A motion to approve this item was made by Board Member Millicent Kee and seconded by Board Member Linda Knox. Motion carried. Ayes - 6; Nays 0 4. Discussion and Possible action on the following applications for property located in the HD - 2 Church Street Historic District — 524 S Church ST, Gretchen Carter A. Replace Roof, Restore Siding, Restore and replace front and side porch, Paint exterior B. CoA (25-000046) A motion to approve this item was made by Board Member Glee Emmite and seconded by Board Member Milliaenvi�ee. Motion carried. Ayes - 6; Nays 0 5. Review and act on the Facade Grant for property located in HD -2 Church Street Historic District, 524 S Church ST — Agenda Item 4 Above A. Fagade Grant Application # 25-000000 B. Certificate of Appropriateness (25-000046) A motion to approve this item was made by Board Member Glee Emmite and seconded by Board Member Kelsey Turk Motion carried. Ayes - 6; Nays 0 **Kelsey Turk had to recuse himself before Item #6 was discussed. A motion to approve his recuse was made by Board Member Glee Emmite and seconded by Board Member Linda Knox. Motion carried. Ayes - 5; Nays 0 6. Discussion and possible action on the following Certificate of Appropriateness for property located in the HD-1 Downtown Historic District -270 SW 1 st Street. — Marvin Gorley. A. Create pickle ball courts with rental units. B. CoA (25-000048) C. Commercial Permit Application # 25-000844 A motion to approve this item was made by Board Member Glee Emmite and seconded by Board Member Linda Knox. Motion carried. Ayes - 5; Nays 0 **Kelsey Turk had to be readmitted after Item #6 was discussed. A motion to approve his readmittance was made by Board Member Linda Knox and seconded by Board Member Glee Emmite. Motion carried. Ayes - 5; Nays 0 7. Review and act on the Facade Grant for property located in HD -19 Pine Bluff/Fitzhugh Historic District, 528 Fitzhugh Ave— Sharon Hayes -Warren A. Facade Grant Application # 25-000035 B. CoA approved at the July 21 st HPC Meeting A motion to approve this item was made by Board Member Glee Emmite and seconded by Board Member Millicent Kee. Motion carried. Ayes - 6; Nays 0 8. Discussion and possible action on the following Certificate of Appropriateness for property located in the HD-1 Downtown Historic District -114 S Main ST. — Cole Sain. A. Project involves the interior and limited exterior renovation. B. CoA (25-000052) C. Commercial Permit Application # 25-001075 *Noted that they use glass blocks to the storefront exposed as shown in the photos submitted A motion to approve this item was made by Board Member Kelsey Turk and seconded by Board Member Glee Emmitte. Motion carried. Ayes - 6; Nays 0 9. Review and act on the Facade Grant for property located in HD-1 Downtown Historic District -114 S Main ST. — Cole Sain A. Agenda Item 8 above B. Facade Grant Application # 25-000051 C. Commercial Permit Application # 25-001075 A motion to approve this item was made by Board Member Linda Know and seconded by Board Member Glee Emmite. Motion carried. Ayes - 6; Nays 0 10. Future Agenda Items - none Adjourn: at 4:39 pm Kelsey Turk,thdfirman HPC MINUTES OF THE PLANNING & ZONING COMMISSION REGULAR MEETING OF THE CITY OF PARIS, TEXAS NOVEMBER 03, 2025 The Planning & Zoning Commission of the City of Paris held a regular meeting at 5:30 p.m. in the City Hall, Council Chambers, 107 East Kaufman, Paris, Texas. Commissioners Present: Adam Bolton, Rochelle Jones, Chad Lindsey, Robert Spain, Paula Portugal City Representatives: Osei Amo-Mensah- City Planner Triniti Frazier- Planning Technician Todd Mittge- City Engineer Clyde Crews- Fire Marshal Rose Beverly- City Manager Commissioner(s) Absent: Larry Walker and Eric Guillot Adam Bolton called the meeting to order at 5:30 p.m. 2. Citizens' forum. The citizen's forum was declared open, Nick Dangerfield, realtor representing the seller at 3870 Lamar Ave. states they are looking forward to selling this property and would like to see Paris do better and to look better. Lynn English, 3805 Oleander states he lives directly behind 3870 Lamar Ave. English is seeking information on the project and how he will be affected (traffic, wooded area, homeless individuals, theft). Tonya Dangerfield also representing the seller said she just found out that the person purchasing the property and wishing to speak on items 4 and 5 is in route to Paris and should arrive in 15 minutes. Todd Mittge, City Engineer states he is willing to rearrange his agenda items ahead of Planning to allow time for the purchaser to arrive. Ken Maxfield, 3925 Oleander states he wants to see how his property will be affected. With no one else speaking the forum was declared closed. 3. Approve minutes from the meeting of October 06, 2025. A motion to approve the minutes was made by Commissioner Chad Lindsey and seconded by Commissioner Robert Spain. Motion carried, 5 ayes — 0 nays. [A motion was made by Commissioner Chad Lindsey and seconded by Paula Portugal to move items 7, 8, and 9 up on the agenda to allow Engineering to present ahead of Planning which will allow time for the applicant on item 4 to arrive.] Conduct a public hearing to consider and take action regarding the petition of Brian Evans - Brew Crew 2, LLC on behalf of Gwen Tomlin Garrison for a Comprehensive Plan Amendment from Low Density Residential (LDR) to Retail (R) on LCAD 21121. Legal Description: City of Paris, Block 313, Lot 7, 3870 Lamar Ave. Osei Amo-Mensah presented the agenda item to the Commission. Staff recommends approval. The public hearing was opened. Lynn English states he has concerns because his property is downhill from the site and currently has drainage issues. English asked what type of businesses are allowed if the zoning is changed. Drainage concerns discussed offline with City Engineer, Clint Harrington, from Rockwall, Tx — represents 7 -Brew and advised all concerns will be mitigated. He is here to answer any questions. No questions were asked. The public hearing was closed. A motion to approve the minor Comprehensive Plan Amendment was made by Commissioner Chad Lindsey and seconded by Commissioner Robert Spain. Motion carried, 5 ayes — 0 nays. Conduct a public hearing to consider and take action regarding the petition of Brian Evans - Brew Crew 2, LLC on behalf of Gwen Tomlin Garrison for a Zoning Change from Agricultural (A) to Commercial (C) on LCAD 21121. Legal Description: City of Paris, Block 313, Lot 7, 3870 Lamar Ave. Osei Amo-Mensah presented the agenda item to the Commission. Staff recommends approval. The public hearing was opened. Ken Maxfield asked for clarification on zoning for the back of property, future taxation change, and future business use — clarification was given on land use and zoning. Lynn English states he supports the zoning change for this location but has questions that are better to be addressed by the business that is coming. The public hearing was closed. A motion to approve the zoning change was made by Commissioner Rochelle Jones and seconded by Commissioner Paula Portugal. Motion carried, 5 ayes — 0 nays 6. Conduct a public hearing to consider and take action regarding the petition of Trava Drake on behalf of Kil Cha Choe Shirley for a Zoning Change from Planned Development (PD) to General Retail (GR) on LCAD 19800. Legal Description: Springlake Addition, Block 8, LOT PT 1, 267 NE 28th St. Osei Amo-Mensah presented the agenda item to the Commission. Staff recommends approval. There were no public comments. A motion to approve the zoning change was made by Commissioner Adam Bolton and seconded by Commissioner Chad Lindsey. Motion carried, 5 ayes — 0 nays 7. Conduct a public hearing to consider and take action regarding the petition of the City of Paris for a text amendment to Ordinance No. 1315, Subdivision Ordinance, Article X, "Design Improvements," Sections D., "Street Pavement," E., "Drainage," and G., "Waste Distribution System." Todd Mittge presented the agenda item to the Commission. Mittge proposed to increase requirements for drainage, water lines, and PSI for future infrastructure development and move away from the current outdated requirements. Commissioners asked follow up questions regarding specifics on drainage. Mittge provided additional information. Staff recommends approval. A motion to approve the Subdivision text amendment was made by Commissioner Chad Lindsey and seconded by Commissioner Paula Portugal. Motion carried, 5 ayes — 0 nays 8. Consideration of and action on the Preliminary Plat of the Stone Haven Addition CB 319, Lot 1, Block A, LCAD 403187, located in the 1800 Block of NE 34th Street. Todd Mittge presented the agenda item to the Commission. The preliminary plat is for the construction of a mother-in-law suite at the listed location. Staff recommends approval. A motion to approve the Preliminary Plat was made by Commissioner Chad Lindsey and seconded by Commissioner Adam Bolton. Motion carried, 5 ayes — 0 nays 9. Consideration of and action on the Final Plat of the Stone Haven Addition CB 319, Lot 1, Block A, LCAD 403187, located in the 1800 Block of NE 34th Street. Todd Mittge presented the agenda item to the Commission. This is the final plat for the construction of a mother-in-law suite. Staff recommends approval. A motion to approve the Final Plat was made by Commissioner Chad Lindsey and seconded by Commissioner Robert Spain. Motion carried, 5 ayes — 0 nays 10. Request items for future agendas. No items were requested at this time. 11. Adjournment. There being no further business, the meeting was adjourned at 6:22 p.m. lu APPROVED f1"l�f i D,f" OF CI 1ER 2025. r Chairperson MINUTES OF THE PARIS VISITORS AND CONVENTION COUNCIL MEETING OF THE CITY OF PARIS, TEXAS November 17, 2025 The Paris Visitors and Convention Council of the City of Paris met for a regular session at 4:00 p.m. on November 17, 2025, at the Lamar County Chamber of Commerce board room, 8 West Plaza, Paris, TX. Present: Board Members: Thomas McMonagle, Bradley Hilliard, Josh Williams, Monica Clement, Anwar Scott, Alicia Moore, Lindsey Thoms, and Brandon Kellum. City Representatives: None. Absent: Board Members: Lindsey Bounds, Brittany I1tis, Krista Hearne, Cody Head, Chadlee Johnston. 1. Call meeting to order. Paul Allen called the meeting to order at 4:00 p.m. 2. Citizens' Forum. Alix Putnam stated that if anyone would like to talk with her about her perspective on moving the Eiffel Tower she was open to conversations. 3. Approve minutes from the meeting of October 2025. A motion to approve was made by Thomas McMonagle, seconded by Brandon Kellum. Motion carried. 8 ayes, 0 nays. 4. Receive financial report of October 2025, by Paul Allen. A motion to approve was made by Brad Hilliard, seconded by Brandon Kellum. Motion carried. 8 ayes. 0 nays. 5. Discuss and act on funding request for 81h Annual Tower City Comedy Festival, January 22-24, 2026. Based on the scoring criteria, a motion to approve $2250 was made by Monica Clement, seconded by Alicia Moore. Motion carried. 8 ayes. 0 nays. 6. Karen Dougherty stated that the Railyard had 12 teams, 9 teams for PJC basketball tournament and BBQ is coming up Dec. 6-7, 2025 7. Paul Allen stated that we moved $39k to a money market for trolley, the worth of our trolley is 15-20k. He also stated that we visited Paris, Arkansas and had a great time. We are adding a kayak fishing event and WXG7 Jet Ski Race in April 2026. 13. Adjourn. There being no further business, A Motion to adjourn was made by Board Member Brad Hilliard, seconded by Board Member Josh Williams. Motion carried, _ 8 ayes — 0 nays. Paul Allen, President, adjourned the meeting at 4:24 p.m. !11SSSS9�9�coho,MgC V;�,. E aid, A,��`�;?,. PARIS ECONOMIC DEVELOPMENT CORPORATION MONTHLY MEETING Paris City Council Chambers 107 East Kaufman St. Paris, Texas 75460 Tuesday, November 18, 2025 5:30 P.M. MINUTES Board Members Present: Josh Bray, Chairman Curtis Fendley, Vice Chairman Chase Coleman, Secretary/Treasurer Dr A.J. Hashmi Staff Present: Maureen Hammond, Executive Director Adam Cawthon, Executive Assistant Sarah Moore, Project Coordinator Erik Roddy Ex -Officio Members Present: Marshall Dougherty Alix Putnam, City Council Liaison Rose Beverly, City Manager Guest(s) Present: Osei Amo-Mensah, Director of Planning & Community Development Callao Order Chairman Josh Bray called the monthly board meeting of the Paris Economic Development Corporation to order at 5:30 p.m. on Thursday, November 18, 2025. Invocation Mr. Roddy gave the invocation. Welcome and O enin Remarks Chairman Bray opened by expressing appreciation to everyone in attendance. Citizens' Input Chairman Bray invited those present to speak during the Citizens' Input. No one came forward, and Chairman Bray closed citizens' input. Page 1 of 4 R 11�1rm(RIST rE S 14QP,441114 CO91N9AA7'1000 Discuss „and Consider Approval ofthe-October 21202�n..g. Minutes Chairman Bray presented the October 21, 2025, meeting minutes for review and discussion. Mr. Fendley made a motion to approve the minutes as presented. Mr. Coleman seconded the motion. Vote: 6 -ayes to 0 -nays Discussand Considerj4September and October 2025 Financial Statements, Treasurer Coleman reported that the September and October financial statements have not yet been produced by the City of Paris. He cited recent turnover within the City's finance office as the cause and indicated that the statements are expected to be completed in time for the December board meeting. Discuss and ConsiderwA roval of a„land-clearin change order for the EDA Grant Proiect"- NW Industrial Park Ms. Hammond reported that the PEDC had received a bid from AL Paving to clear and mulch the 23 - acre site within the NW Industrial Park. She noted that the bid totaled approximately $87,000 and that this total would fall within the EDA Grant's remaining contingency fund. She reported that a change order had been submitted to the EDA as of today and that approval could be expected as early as the following day. Chairman Bray opened the floor to questions regarding the land -clearing change order for the EDA Grant Project. There were no questions. Re ort and U dates from Executive Director Tax Increment Reinvestment Zone (TIRZ) No. 1: Ms. Hammond reminded the Board that an ordinance to modify the existing boundary of TIRZ No. 1 was expected to appear on the November 10th City Council agenda. Hammond stated that, according to the TIRZ Board Chair, an administrative oversight at the City caused the ordinance to be omitted from the previously referenced agenda. It is now expected to appear on the December 8th City Council agenda. East Texas A&M College of Science and Engineering Industry Connect Day: Ms. Hammond reported that the Industry Connect Day event took place on November 7, 2025, and that approximately 60 students and faculty of East Texas A&M College were in attendance. She provided a brief recap of the event, which included presentations by TxDOT, Harrison, Walker, & Harper, Huhtamaki, Campbell's, and Drake Construction, a tour of the City of Paris, and individual tours of local facilities based on the interests of the students. She expressed appreciation to Mr. Dougherty for presenting on behalf of Harrison, Walker, & Harper and to Mr. Coleman for his attendance during the event. She noted that East Texas A&M had provided positive feedback regarding the event, and that the PEDC and university were in discussions to hold events next year that would include the College of Science and College of Business. Page 2 of 4 II I ���������������1����������tlfl�lli IIii61I�IiiViIVIIVIlallilill ��I�ia��j�l������1�11�1��1�t,�11$IO�IUIU�I �i11N'Ifilj l�)f �IIIIII�I���llilll�liB'i�l ���11����� ili V�qi �IVIVIINI I�'III�Vf IN Wi(IIIIIIII I�III III�III�VIVIV�I@IIi�����llll�l�lllllllll�l�l I i 1 v 14NN4� wo^ "q o C c,gvsElnx PYmCvtu Cckn,uKa nATII N, Project Activity, Ms. Hammond reported that project flow had increased in the last several weeks, and that the PEDC has two considerable projects in early development. She expressed appreciation to the Land Committee for their assistance with these projects and noted that additional updates would be provided once these projects progress. Mr. Bray opened the floor to questions regarding Ms. Hammond's updates. There were no questions. Convene into Executive Session: Pursuant to Section 551.087 of the Texas Government Code to 1) discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have to locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or 2) to deliberate the offer of a financial or another incentive to a business prospect described by Subdivision (1), to wit: a) Project Red Maple 2 b) Project Fancy Dirt c) Project Star Anchor Pursuant to Section 551.072 of the Texas Government Code to discuss and deliberate the purchase, exchange, lease, or value of real property. III. Pursuant to Section 551.074 of the Texas Government Code: 1) to deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public officer or employee: or 2) to hear a complaint to charge against an officer or employee personnel. Chairman Bray convened the Board into Executive Session at 5:36 p.m. Reconvene into O gn Session and Consider Action on Item 's .Discussed in the Executive Session Chairman Bray reconvened the Board into an Open Session at 6:00 p.m. Mr. Coleman made a motion to authorize the acceptance of Atmos Energy's offer of an aboveground facilities easement as discussed in Executive Session, to approve the aboveground facilities easement document, and to approve Board Chairperson Josh Bray to execute all related documents on behalf of the PEDC. Dr. Hashmi seconded the motion. Vote: 6 -ayes to 0 -nays Page 3 of 4 R(F(;A4,R', I S T E X S Discuss Fu re nda Items Chairman Bray opened the floor to discuss future agenda hems. No items were brought forward for discussion. �Iqsin Remarks None Adjour Chairman Bray declared the meeting adjourned. The meeting was adjourned at 6:01 p.m. Respectfully submitted, Adam Cawthon Executive Assistant Paris Economic Development Corporation Page «of 4 Item No. 7 Memorandum TO: Mayor, Mayor Pro -Tem, and City Council Rose Beverly, City Manager FROM: Myra Rogers, Assistant Finance Director SUBJECT: NOVEMBER 2025 FINANCIAL REPORT DATE: January 12, 2026 BACKGROUND: Section 69 (3) of the Paris City Charter requires the Finance Director to submit to the City Council through the City Manager a monthly statement of receipts and disbursements. STATUS OF ISSUE: This report updates the City Council on the City's financial activities through the month stated in the subject line. BUDGET: Not affected by this report. RECOMMENDATION: Motion to receive the monthly financial report. Whei,e Toxansact"? Higher° NOVEMBER 2025 MONTHLY FINANCIAL REPORT City of Paris Monthly Financial Report — November 2025 Background: Section 69 (3) of the Paris City Charter requires the Financial Director to submit to the City Council through the City Manager a monthly statement of receipts and distributions. The report updates the City Council on the City's financial activity throughout the month and year to date. The financial package includes the following: 1. The revenue and expenditure totals for the General Fund, Water Fund and the Airport Fund include the approved budget, current month, year-to-date results with comparison of the previous year to date. Over 99% of all the City's operations activities take place in these three funds. If the circumstance merits, the financial report would highlight any other fund in the monthly report. 2. A staffing report showing by department, by fund, the approved staffing for the month. Included are the current level and open positions. 3. A detailed revenue and expenditure report for the General Fund is included, with highlights for the month. 4. Revenue graphs are included for Municipal Sales Tax revenue and EMS revenue for the current year along with the previous two years. 5. A detailed revenue and expenditure report for the Water and Sewer Fund, with highlights for the month. 6. Water Sales and Sewer fee revenue graphs are included for the current year and two previous years. 7. Detailed revenue and expenditures for Cox Field Airport are included, with highlights for the month. 8. Monthly Investment Report 9. Update on the Capital projects by Fund Is ",?0ARTIEKAS Where Texans Reach H�qher TOP LEVEL ..:.. . ... .... ..... City of Paris Revenue & Expenditures Summary November 30, 2025 (16.671 of the year) Notes: 1. over 99% of all the City operation activity takes place in these three funds. 2. The other funds are special purpose funds with limited activity and commonly have legal restrictions on what the money can be spent on. 3. Additional breakdowns discussing revenue and expenditures for the above funds are included in this report. 2025-2026 2025 Nov -26 % Nov -25 General Fund Budget November YTD Actuals YTD Actuals Revenue $ (35,467,110) $ (2,434,660) $ (4,770,223) 13% $ (4,944,354) Expenditures 37,616,125 3,575,500 5,831,293 16% 5,531,461 Net $ 2,149,015 $ 1,140,840 $ 1,061,070 $ 587,107 2025-2026 2025 Nov -26 % Nov -25 Water Budget November YTD Actuals YTD Actuals, Revenue $ (22,365,768) $ (903,703) $ (2,380,399) 11% $ 356,846 Expenditures 22,014,746 1,198,918 2,017,573 9% 2,114,623 Net $ (351,022) $ 295,215 $ (362,826) $ 2,471,469 2025-2026 2025 Nov -26 % Nov -25 Airport Budget November YTD Actuals YTD Actuals Revenue $ (1,146,100) $ (63,609) $ (114,860) 10% $ (178,234) Expenditures 1,146,100 74,939 142,428 12% 180,534 Net $ - $ 11,330 $ 27,568 $ 2,300 Notes: 1. over 99% of all the City operation activity takes place in these three funds. 2. The other funds are special purpose funds with limited activity and commonly have legal restrictions on what the money can be spent on. 3. Additional breakdowns discussing revenue and expenditures for the above funds are included in this report. to Staffing Budget, Current Level, and Open Positions Full Time Employees GeneralFundBudget November Actual Opening Part Time Police 81.00 70.00 11.00 9.00 Fire 53.00 52.00 1.00 EMS 30.00 25.00 5.00 29.00 IT 3.00 3.00 0.00 Community Development 17.00 15.00 2.00 1.00 Streets & Highways 8.00 7.00 1.00 Parks and Recreation 8.00 8.00 0.00 5.00 Library 10.00 10.00 0.00 City Manager 6.00 5.00 1.00 Engineering 4.00 3.00 1.00 Accounting & Auditing 6.00 6.00 0.00 Traffic & Lighting 2.00 2.00 0.00 Garage 6.00 5.00 1.00 1.00 City Attorney 2.00 2.00 0.00 Municipal Court 4.00 4.00 0.00 Public Works 3.00 3.00 0.00 City Clerk 3.00 3.00 0.00 1.00 Sanitation 3.00 3.00 0.00 249.00 226.00 23.00 46.00 Water Fund Warehouse 2.00 2.00 0.00 W&S Billing and Collections 10.00 8.00 1.00 Water Production 18.00 17.50 0.50 Water Distribution 11.50 7.50 4.00 Sewer Maintenance 9.50 7.50 4.00 Waste Water Treatment 21.00 15.50 5.50 3.00 Lift Station 3.00 3.00 0.00 75.00 61.00 15.00 3.00 Other Activities Airport 3.00 3.00 0.00 5.00 Auto Theft Grant 1.00 1.00 0.00 Court Bailiff 0.00 0.00 0.00 1.00 4.00 4.00 0.00 6.00 City of Paris Total 328.00 291.00 38.00 55.00 Is �kRrEXAS ,„ , GENERAL FUND REVENUE & EXPENDITURE YEAR TO DATE 2026 VS 2025 HIGHLIGHTS INCLUDING REVENUE TREND GRAPHS General Fund Highlights for the Month of November 1. Overall Revenue was $4,770,223 or 13% of the annual Budget. 2. Property Tax Revenue is $426,200 or 66.25% less than previous year. Majority of Property Tax Revenue is received during December and January each year. 3. Sales Tax revenue is more than last year by $362,341 or 19.65% with two months of data. Optimistically cautious as sales tax can be volatile and a decrease was anticipated for the 2026 budget. 4n Hotel Occupancy tax revenue has decreased by $99,259 or 27.69% from 2025 fiscal year. Fluctuation in the carrying balance is due to the allocation to the Chamber of Commerce, a hotelier rebate, and a portion that covers the debt issued to pay for the Civic Center. 5. EMS Fees are down $230,935 or 21.18% compared to last year. EMS collections are down due to the fourth ambulance for transfers not in service due to staff shortages. 6. Interest revenue is up by $88,242 or 249.49% from last year due to a timing issue of system entries. The Fed Fund rates decreased 25 basis points at the end of October with an additional 25 basis points reduction in December. One to two more rates cuts are anticipated in 2026 to bring the fed funds rate closer to a "neutral rate" of 3.00% that neither stimulates nor restricts economic growth. As a result, interest revenue is expected to be less in fiscal year 2026 than 2025. 7. The year-to-date expenditures in the General fund are $5,831,293 or 16% of budget for the 2026 fiscal year. In comparison to last year, the overall 2026 fiscal year expenditures have increased by $299,832. Majority of the increase is attributable to the following: ➢ Fiscal year 2026 includes a 2% cost of living adjustment for all full-time positions. ➢ One-time technology infrastructure renewals recorded in November 2025. ➢ One-time sick leave sell back recorded in November 2025. City of Paris Revenue & Expenditures Summary November 30, 2025 (16.67% of the year) General Fund 2025-2026 Nov -26 Nov -25 Description Budget YTD Actuals Percents a YTDActuals Property Tax Revenue $ (9,325,000) $ (247,641) 3% $ (673,841) Sales Tax Revenue (10,825,000) (2,206,075) 20% (1,843,734) EMS Revenue (5,021,510) (859,351) 17% (1,090,285) Sanitation Fees (1,710,000) (237,152) 14% Use Fee Revenue (2,750,000) (160,711) 6% (239,276) Hotel -Motel Occupancy Tax (1,100,000) (259,143) 24% (358,402) Interest Earned (800,000) (123,611) 15% (35,369) Intra -fund Charges W&S (2,297,500) (358,333) 16% (350,000) Permits/Leases Revenue (541,300) (57,538) 11% (75,105) Court Revenue (225,400) (40,018) 18% (30,675) Other Revenue (871,400) (220,651) 25% (247,667) Total Revenue $� 35 467110 $ 4 770 223 13% $ 4,944,354 Nov -26 Nov -25 Ex enditures Budget YTD Actuals Percentage YTD Actuals Police $ 10,422,233 $ 1,530,082 15% $ 1,277,184 Fire 6,448,100 1,074,194 17% 996,913 EMS 5,276,230 822,395 16% 833,821 Promotional Activity -UCC 1,000,000 261,046 26% 275,534 Other General expenses 1,113,148 325,526 29% 183,700 IT 724,989 115,698 16% 102,269 Sanitation 1,817,309 279,336 15% 223,345 Community Development 1,056,342 144,718 14% 161,070 Code Enforcement 805,654 100,315 12% 186,237 Streets & Highways 1,450,880 162,184 11% 302,846 Parks and Recreation 1,568,891 196,802 13% 192,947 Library 909,586 135,214 15% 176,607 City Clerk 243,936 39,619 16% 39,122 Accounting & Auditing 756,254 107,622 14% 84,226 Engineering 734,301 85,109 12% 53,262 Traffic & Lighting 544,100 59,831 11% 110,795 City Manager 938,785 107,556 11% 87,923 Garage 457,807 78,273 17% 59,305 City Attorney 414,432 56,906 14% 51,891 Municipal Court 315,050 50,131 16% 47,047 Public Works 284,548 60,159 21% 42,463 City Council 260,500 38,577 15% 42,899 Contingency 50,000 - 0% - Paris Band 23,050 0% 54 Debt Service - 0% - Cox Field Airport - - 0% - - Total Expenditures $ 37,616,125 $ 5 831,293 i6% $ 5,531461 Net Proceeds (gain) or loss 2,149,015 $ 1,061,070 $ 587,107 City of Paris General Fund - Revenue by Activity 2025-2026 Nov -26 Nov -25 AccountNumberDescription Budget YTD Actuals Percenta @ YTD Actuals 01-37010-00-000 Current Taxes $ (9,030,000) $ (129,472) 1% $ (621,512) 01-37020-00-000 Delinquent Taxes (120,000) (47,843) 40% (23,800) 01-37030-00-000 Penalty & Interest (130,000) (42,281) 33% (18,321) 01-37031-00-000 Attorney Fees (45,000) (28,044) 62% (10,209) Property Tax Revenue $ (9,325,000) (247,641) " $ (673,841) 01-37110-00-000 Municipal Sales Tax $ (8,660,000) $ (1,764,860) 20% $ (1,474,987) 01-37112-00-000 Sales Tax -Reduce Property Tax (2,165,000) (441,215) 20% (368,747) Sales Tax Revenue $ (10,825,000) $ (2,206,075) 2051. $ (1,843,734) O1-37184-00-000 EMS Deployment Refunds $ (50,000) $ (104,589) 209% $ (39,095) 01-38153-00-000 Lamar Co -Emergency Medical Ser (471,510) (78,585) 17% (77,890) 01-38154-00-000 Emergency Medical Service Fees (4,500,000) (676,176) 15% (973,300) EMS Revenue $ (5,021,510) $ (859,351) 17% $ (1,090,285) 01-38046-00-000 Sanitation Fees $ (1,710,000) $ (237,152) 14% 01-37395-00-000 Municipal ROW Use Fee $ (80,000) $ (15,183) 19% $ (18,887) 01-37396-00-000 Solid Waste Street Use Fee (600,000) (21,602) 4% (107,612) 01-37320-00-000 Atmos Gas (500,000) (86,837) 17% (71,978) 01-37330-00-000 Oncor (1,400,000) 0% - 01-37340-00-000 Taxicabs 0% 01-37350-00-000 Suddenlink Cable (170,000) (37,090) 22% (40,800) Use Fee Revenue $ (2,750,000) $ (160,711) 6% $ (239,276) 01-37220-00-000 Hotel -Motel Occupancy Tax $ (1,100,000) $ (259,143) 24% $ (358,402) 01-37650-00-000 Interest Earned $ (800,000) $ (123,611) 15% $ (35,369) 01-37193-00-000 Hot Tax Salary Contribution (97,500) 0% - 01-38499-00-000 Water & Sewer Adm. Fee (1,400,000) (225,000) 16% (216,667) 01-37360-00-000 Water Sewer Utility (800,000) (133,333) 17% (133,333) Intra -fund Charges $ (2,297,500) $ (358,333) 16% $ (350,000) 2025-2026 Nov-26 Nov-25 Account Number Descri,ution Budget YTD Actuals Percentage YTD Actuals 01-37208-00-000 Building Department Permits $ $ (1,843) 0% $ 01-37210-00-000 Engineering Department Permits (120) 0% 01-37401-00-000 Forestbrook Prof Svc Agreement - 0% 01-37410-00-000 House Moving 0% - 01-37411-00-000 Concrete Permits 0% - 01-37412-00-000 Building Permits - 0% (75) 01-37413-00-000 Sign Permits (10,000) (1,575) 16% (1,450) 01-37414-00-000 Electrical Permits (1,000) - 0% 01-37415-00-000 Burning Permits (50) 0% 01-37418-00-000 Plumbing Inspections - 0% - 01-37420-00-000 Electrical Licenses 0% (35) 01-37423-00-000 Burn Permit Fee 0% - 01-37424-00-000 Alcohol Permit Application Fee (6,000) (1,435) 24% (375) 01-37426-00-000 Building Permit-Fence (300) 0% - 01-37427-00-000 Building Permit-Roof - 0% 01-37428-00-000 Bldg Permit-Remodel Residence (45,000) (8,647) 19% (10,350) 01-37429-00-000 Bldg Permit-New Residential (30,000) (16,236) 54% (1,594) 01-37430-00-000 Bldg Permit-Remodel Commercial (5,000) (450) 9% (600) 01-37431-00-000 Building Permit-New Commercial (350,000) (25,186) 7% (45,098) O1-37432-00-000 Bldg Permit-Cert of Occupancy (10,000) (1,800) 18% (2,975) 01-37433-00-000 Fire Plan Review Fees (1,000) 0% - 01-37434-00-000 Fire Construction Permit Fees (9,000) (1,050) 12% (965) 01-37400-00-000 Licenses & Permits (570) 0% (670) 01-37653-00-000 T-Mobile Tower Lease (50,000) 3,568 -7% (8,836) O1-37654-00-000 AT&T Tower Lease (24,000) (2,144) 9% (2,082) Permits/Leases Revenue $ (541,300) $ (57,538) 119,. $ (75,105) 2025-2026 Nov-26 Nov-25 Account Number Descrition Budget YTD Actuals Perce,nta8e YTD Actuals 01-37502-00-000 Court Overpayments $ - $ (55) 0% $ - 01-37510-00-000 Court Fines & Costs (175,000) (31,754) 18% (25,253) O1-37511-00-000 Defensive Driving Course (1,000) (220) 22% (150) 01-37512-00-000 Warrant Service Fees {City) (30,000) (4,597) 15% (2,738) 01-37513-00-000 City Traffic Fees (400) (6) 1% (8) O1-37514-00-000 Arrest Fees (7,000) (1,279) 18% (1,019) 01-37516-00-000 Time Payment Fees Retained (7,000) (1,126) 16% (775) 01-37517-00-000 State Judicial Fund due City - (7) 0% (8) 01-37520-00-000 Pound Fees (5,000) (975) 20% (725) Court Revenue $ (225,400) $ (40,018) 18% $ (30,675) 2025-2026 Nov-26 Nov-25 Accou,nt,Number Description Budget YTD Actual Pe_r_centsga.. YTP.Actuals 01-37013-00-000 Texas Historical Commission $ - $ 0% $ 01-37029-00-000 Business Persn Property (Fine) (7,000) (955) 14% (138) 01-37148-00-000 Misc Library Sales (488) 0% (274) 01-37152-00-000 Police Dept Donations - 0% - 01-37154-00-000 Summer Camps- Oak Park 0% 01-37156-00-000 Opioid Settlement - 0% 01-37157-00-000 Fire Deployment Reimbursements (40,000) (43,092) 108% (58,898) 01-37195-00-000 PRMC Settlement 0% 01-37206-00-000 Community Development Donations (1,300) 0% 01-37307-00-000 Forestbrook Prof Svc Agreement 0% (35,000) 01-37390-00-000 Bingo (28,000) (7,170) 26% (7,231) 01-37640-00-000 Leases & Rentals (1,000) (100) 10% (50) 01-37906-00-000 Rent Revenue - 0% - 01-37713-00-000 Zoning & Subdivision Fees (6,000) (900) 15% (700) 01-37715-00-000 Sale of Maps Copies Etc (4,000) (747) 19% (573) 01-37822-00-000 Poly Envelopes Sold-City Clerk (500) (64) 13% (86) 01-38165-00-000 Farmers Market Fees (10,000) (2,825) 28% (3,500) 01-38260-00-000 Mixed Beverage Tax (68,000) (11,153) 16% (9,018) 01-38300-00-000 Miscellaneous Revenue - - 0% (300) 01-38308-00-000 Birth Certificate Fee for TWC - 37 0% 24 01-38309-00-000 Birth Certificate Fees (25,000) (3,594) 14% (4,393) 01-37204-00-000 Master Park Plan Donations 0% 01-37205-00-000 Youth Diversion Fee 0% 01-38519-00-000 Unrealized Gain/Loss - 0% 01-38310-00-000 Death Certificate Fees (10,000) (784) 8% (1,837) 01-38311-00-000 Library Copies (6,000) (1,166) 19% (1,084) 01-38312-00-000 Library Fines & Other (3,000) (484) 16% (481) 01-38313-00-000 Donations - - 0% - 01-38316-00-000 Library Public Faxes (1,300) (27) 2% (177) 01-38325-00-000 Sale of City Property - - 0% - 01-38330-00-000 Materials & Labor Sold - (6,488) 0% 01-38331-00-000 Lot Clean Up (15,000) (4,511) 30% (1,338) 01-38332-00-000 Billed Electric (5,000) (2,902) 58% (5,467) 01-38345-00-000 Housing Authority Pilot (4,000) 0% 01-38350-00-000 Miscellaneous Revenue (250,000) (100,559) 40% (80,124) 01-38353-00-000 Insurance Recoveries (50,000) (345) 1% - 01-38354-00-000 Service Charges (10,000) (2,217) 22% (86) 01-38366-00-000 Credit Card Convenience Fee (1,000) (189) 19% (129) 01-38368-00-000 Library Card Fees (800) (325) 41% (150) 01-38498-00-000 Transfer In/Out - (3,248) 0% - 01-38500-00-000 Pool Vending (2,500) 0% 01-38501-00-000 Pool Programs (4,000) 0% 01-38502-00-000 Pool Daily Fees (16,000) 0% - 01-38503-00-000 Sports Complex (5,000) - 0% (368) 01-38504-00-000 Softball (22,000) (683) 3% (525) 01-38505-00-000 Reservations (4,000) 289 -7% (728) 01-38506-00-000 Sponsorships - 0% - 01-38507-00-000 Special Events (5,000) (3,258) 65% (5,126) 01-38509-00-000 Event Center Fees (9,000) 0% (1,600) 01-38510-00-000 Interlibrary Loan Grant (2,000) 0% (3,301) 01-38520-00-000 PEDC Note Payments-Principal (131,300) (21,406) 16% (25,010) 01-38521-00-000 Nexus Payments (125,000) 0% Other Revenue $ (871,400) $ (220,651) 25% $ (247,667) TOTAL REVENUE $ (35,467,110) $ (4,770,223) $ (4,944,354) City of Paris Department Expenditures November 30, 2025 (16.67% of the year) General Fund NOTES: 1. Fiscal Year 2026 budget includes a 2% cost of living adjustment for all full-time positions. Police and Fire are 45% of the entire budget, therefore, will be impacted the most. 2. Other General expenses includes one-time technology infrastructure renewals recorded in November 2025. 3. Across all departments the one-time per year sick leave sell back was recorded in November 20205. TABLE LEGEND: NO INCREASE OR DECREASE DEPT'S THAT CONTRIBUTE MORE THAN 10% OF THE YR DECREASE FROM YR OVER YR > 10% OVER YR 2025-2026 Nov -26 Nov -25 DEPT SHARE OF Exendmitures Budget YTD Actuals„ % YTD Actuals DEPT 202,6V,S2025 IN DECR Police $ 10,422,233 $ 1,530,082 15°% $ 1,277,184 31 $ 252,898 84% Fire 6,448,100 1,074,194 17°% 996,913 32 77,282 26% EMS 5,276,230 822,395 16% 833,821 54 (11,426) -4% Promotional Activity-VCC 1,000,000 261,046 26% 275,534 89 (14,488) -5% Other General expenses 1,113,148 325,526 29% 183,700 89 141,826 47% IT 724,989 115,698 16% 102,269 89-5 13,429 4% Sanitation 1,817,309 279,336 15% 223,345 44 55,991 19% Community Development 1,056,342 144,718 14% 161,070 40 (16,352) -5% Code Enforcement 805,654 100,315 12% 186,237 40-2 (85,922) -29% Streets & Highways 1,450,880 162,184 11% 302,846 46 (140,662) -47% Parks and Recreation 1,568,891 196,802 13% 192,947 43 3,856 1% Library 909,586 135,214 15% 176,607 64 (41,393) -14% City Manager 938,785 107,556 11% 87,923 12 19,633 7% Engineering 734,301 85,109 12% 53,262 41 31,846 11% Accounting & Auditing 756,254 107,622 14% 84,226 21 23,395 8% Traffic & Lighting 544,100 59,831 11% 110,795 48 (50,964) -17% Garage 457,807 78,273 17% 59,305 49 18,968 6% City Attorney 414,432 56,906 14% 51,891 13 5,016 2% Municipal Court 315,050 50,131 16% 47,047 14 3,084 1% Public Works 284,548 60,159 21% 42,463 42 17,696 6% City Clerk 243,936 39,619 16% 39,122 15 497 WX City Council 260,500 38,577 15% 42,899 10 (4,322) -1% Contingency 50,000 - 0% - 91 - 0% Paris Band 23,050 0% 54 62 (54) 0% Cox Field Airport - 0% - 61 - 0% Debt Service - 0% - 90 0% Total Expenditures $ 37,616,125 $ 5,831,293 16% $ 5,531,461 $ 299,832 NOTES: 1. Fiscal Year 2026 budget includes a 2% cost of living adjustment for all full-time positions. Police and Fire are 45% of the entire budget, therefore, will be impacted the most. 2. Other General expenses includes one-time technology infrastructure renewals recorded in November 2025. 3. Across all departments the one-time per year sick leave sell back was recorded in November 20205. 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WATER&, WASTEWATER REVENUE & EXPENDITURE YEAR TO DATE 2026 VS 2025 HIGHLIGHTS INCLUDING REVENUE TREND GRAPHS Water and Sewer Fund Revenue and Expenditures Summary as of November 30, 2025 (16.67% of Fiscal Year) Water & Waste Water Hi hli hts for November 2025 1. Revenue for Water and Waste Water for the month of November was $2,380,399 with year-to-date (YTD) revenue 14% of budget for the year when the transfers for debt service are excluded. November experienced mild temperatures with little rain. 2. Expenditures for Water and Waste Water for the month and YTD are $2,017,573. The YTD Expenditures are 13% of budget, when debt service is excluded. Compared to last year expenditures, the overall cost decreased $107,751. 3. Fiscal Year 2026 budget includes a 2% cost of living adjustment for all full-time positions. 4. One-time per year sick leave sell back was recorded in November 2025. 2025-2026 Nov -26 Nov -25 Account Number Descri ion Budget YTD Actuals Percent YTD Actuals Revenue 10-37011-00-000 Industrial Surcharges $ (20,000) $ (4,168) 21% $ (4,166) 10-37087-00-000 Sewer Charges (12,024,591) (1,601,237) 13% (1,649,794) 10-37093-00-000 Sewer Taps (15,000) (1,563) 10% - 10-37130-00-000 Water Sales (9,474,177) (1,403,330) 15% (1,480,025) 10-37140-00-000 Water Taps (35,000) (4,398) 13% (8,908) 10-37155-00-000 Bulk Pickup Fees (3,000) 20 -1% (25) 10-37650-00-000 Interest Earned (110,000) (39,745) 36% (30,342) 10-38348-00-000 Contributions to Rate Study (25,000) - 0% - 10-38350-00-000 Miscellaneous (125,000) (27,676) 22% (28,404) 10-38352-00-000 Sanitation Billing Fee (90,000) (12,503) 14% (249,263) 10-38354-00-000 Service Charges (200,000) (21,440) 11% (28,815) 10-38355-00-000 Brush Pickup Fees (3,000) (610) 20% (330) 10-38356-00-000 Bulk Water Sales (2,000) (180) 9% (405) 10-38357-00-000 Sewer Dumping Fees (75,000) (9,773) 13% (13,297) 10-38358-00-000 W&S Charge Offs 54,333 0% 15,850 10-38359-00-000 W&S Returned Check Fees (3,000) (840) 28% (480) 10-38366-00-000 Credit Card Convenience Fee (160,000) (29,449) 18% (27,677) 10-38369-00-000 Meter Tampering Fees (1,000) - 0% - 10-38399-00-000 Utility Billing Offsets - - 0% - 10-38499-00-000 Transfer In/Out - 722,160 0% 3,862,926 10-38499-00-001 Transfer In/Out - - 0% - 10-38519-00-000 Unrealized Gain/Loss - - 0% - Total Revenue $ (22,365,768) $ (2,380,399) 11% $ 356,846 Ex enditures 2025-2026 Nov -26 Nov -25 Dept # Description Budget YTD Actuals Percent YTD Actuals, 80 Warehouse $ 140,188 $ 27,662 20% $ 23,570 81 W&S Billing and Collections 3,309,037 531,592 16% 501,837 82 Water Production 4,833,641 595,769 12% 571,791 83 Water Distribution 1,968,567 232,790 12% 351,037 85 Sewer Maintenance 1,018,925 157,791 15% 90,059 86 Waste Water Treatment 3,002,366 399,221 13% 508,460 87 Lift Station 612,353 62,047 10% 67,869 90 Debt Service 6,951,076 - 0% - 91 Contingency 178,593 10,700 6% - Total Expenditures $ _ 22 014,746 $ 2,017,573 9% $ 2,114,623 Net Proceeds (gain) or loss $ (351,022) $ (362,826) $ 2,471,469 Water & Waste Water Hi hli hts for November 2025 1. Revenue for Water and Waste Water for the month of November was $2,380,399 with year-to-date (YTD) revenue 14% of budget for the year when the transfers for debt service are excluded. November experienced mild temperatures with little rain. 2. Expenditures for Water and Waste Water for the month and YTD are $2,017,573. The YTD Expenditures are 13% of budget, when debt service is excluded. Compared to last year expenditures, the overall cost decreased $107,751. 3. Fiscal Year 2026 budget includes a 2% cost of living adjustment for all full-time positions. 4. 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N ci h � Lo Ln N ID LD OY '-I 00 O V GO �) w LD n O O h co m N N O M N N �11 GZ m h r{ til TLDD M �( �fllffffUllGWplp�N�(p�11`�, LL� n ai lO 1�11,I1kN � QllyUl j1��ry� @p�II'pI� WNVN�l9Y2�L'I'1GWIV�N�����\������������VYIN7RH�,N� v {fT t!R i/f �i 4n Vt V} Ip�IIp��pp�p��p��p�l II�IIIIIIIIII�IIII�IItlII@�ppVIIM1�'iIiVPIV;NI111VY(6 VVIIIV VIUI�V�VVVVVVVVVVV OM N N oo O m m O N C' co M hv�n j m V N ID //(flfrr, o3 m i/' vT N ���p��, �j�l,���lll{lu-° vT to vt• IIIuIII�%iV�illllh'MIIIIVIftl1WNPtlnIIIUriMlll�i!WMMVUUV'I�IUPJ�WIWUIlW1illIIII1IIICI -`° 1/1 N � d O O O O O O d O O b O O O O ijy p O d O O O LL M C V1 O O O O O O O 14 llj 14O O O O O O O O O L O O O ' N N N O O O O O ct N O ti N N N O,�/> W N +✓} 3 -4 '4 �1 i�Jx VY N � ' 4Il t/1 th 3 �^ Is "Bl'kRIT EX Where Texans Reach H�gher, COX FIELD AIRPORT REVENUE & EXPENDITURE YEAR TO DATE 2026 VS 2025 HIGHLIGHTS Cox Field Airport Revenue and Expenditures Summary as of November 30, 2025 (16.67% of Fiscal Year) Cox Field Air ort hi hli hts for November 2025 1. The YTD Revenue is on budget with Hanger rentals and Ground Lease revenue. Fuels sales are down from last year due to reduced fuel prices, reduced activity, and timing of charged fuels. 2. The YTD Expenditures is at 12% of budget. The Insurance & Bonds inlcudes the annual payment to TML for General Liability and Worker's Compensation insurance. The Ins- Workers Compensation includes one-time per year sick leave sell back recorded in November 2025 along with a data input error that will be corrected in future reports. 3. Fiscal Year 2026 budget includes a 2% cost of living adjustment for all full-time positions. 2025-2026 Nov -26 Nov -25 Account Number D9 scrition Budget YTDActualsPercent YTD Actuals Revenue 03-37180-00-000 ARPA Airport Support $ $ 0% $ 03-37194-00-000 General Fund Support (93,700) 0% 03-37605-00-000 Ramp Grant Revenue (50,000) 0% - 03-37609-00-000 Agrpro, Inc. Property Lease (8,000) 0% 03-37610-00-000 Cox Field Leases -Land (3,600) 0% - 03-37630-00-000 Cox Field Rent Hangar Storage (2,000) (60) 3% (490) 03-37631-00-000 Cox Field Rental Hangars (65,000) (14,145) 22% (18,665) 03-37632-00-000 Charged Fuel Sales (299,000) (32,700) 11% (59,821) 03-37633-00-000 Sales -Aviation Fuel (587,400) (64,537) 11% (80,502) 03-37636-00-000 Ground Leases (25,000) (3,000) 12% (18,300) 03-37640-00-000 Pasture Lease-Eatherly (10,483) - 0% - 03-37650-00-000 Interest (17) 0% (159) 03-38350-00-000 Misc Revenue (1,900) (419) 22% (297) 03-38498-00-000 Transfer in - 0% - 03-37188-00-000 Gain/Loss on Termination - 0% - 03-37901-00-000 Interest Income - 0% 03-37903-00-000 Lease Revenue- 0% Total Revenue $ 1,146,100 $ 114 860 10% $ 178 234 2025-2026 Nov -26 Nov -25 Exend,ituresget Bud Actuals YTD Act_...........�.�. Percent YTD Actuals .............w... -w_.......... 03-42031-61-000 Aviation Fuel Expense $ 625,000 $ 48,666 8% $ 63,750 03-40101-61-000 Salaries & Wages 155,018 21,476 14% 18,149 03-42130-61-000 RAMP Expense 100,000 - 0% 22,278 03-40308-61-000 Utilities - Electric 25,000 1,900 8% 3,411 03-40312-61-000 Utilities - Water & Gas 3,500 698 20% 222 03-40104-61-000 Ins- Employee Hospitalization 34,139 2,164 6% 1,825 03-40102-61-000 Social Security 12,461 1,851 15% 1,352 03-40103-61-000 TMRS & Pension 19,225 2,794 15% 1,061 03-40105-61-000 Ins- Workers Compensation 1,421 2,522 177% 175 03-40303-61-000 Insurance & Bonds 58,000 54,491 94% 48,647 03-42009-61-099 Ground Power Unit - - 0% 12,753 03-42069-61-098 Runway Project 60,000 - 0% - 03-40401-61-000 Building & Grounds 9,000 150 2% 2,039 03-40508-61-000 Lease & Rental Equipment 7,000 650 9% 600 All other expenses 36,336 5,066 14% 4,272 Total Expenditures $ 1,146 100 $ 142,428 12% $ 180 534 Net Proceeds (gain) or loss $ $ 27,568 $ 2,300 Cox Field Air ort hi hli hts for November 2025 1. The YTD Revenue is on budget with Hanger rentals and Ground Lease revenue. Fuels sales are down from last year due to reduced fuel prices, reduced activity, and timing of charged fuels. 2. The YTD Expenditures is at 12% of budget. The Insurance & Bonds inlcudes the annual payment to TML for General Liability and Worker's Compensation insurance. The Ins- Workers Compensation includes one-time per year sick leave sell back recorded in November 2025 along with a data input error that will be corrected in future reports. 3. Fiscal Year 2026 budget includes a 2% cost of living adjustment for all full-time positions. Is Where Texans Reuch fi�glter CASH AND INVESTMENT REPORT 1 NOVEMBER 2025 Q N 11 O d N �p O X _ INVESTMENT REPORT AS OF NOVEMBER 30, 2025 N O INVESTMENT REPORT AS OF NOVEMBER 30, 2025 R Is 11'E X A S Where 7LxarL5 Reach 1-figher Ilk 0 In 17''ilil SIIWhere Texans Read"i Kyher WORK -IN -PROGRESS PROJECTS: First Street SE Revitalization Project — Richard Drake Engineering & Construction ($906,412) • Council approved a Lamar County Water Main Transfer Agreement to the City of Paris for a 12" water main near David House Jewelry at 42nd Street to 46th N.E. — completed in November 2025 • 2025 Mill & Overlay Project ($2,015,222) • Th Street SW Reconstruction project ($347,838) — completed in November 2025 Item No. 8 i �,, *� • �r .. .. wr • ., , ., • . , .. *; •# w .r w .... • f � � .r � ^M w � r • •• •• � � 1 p * ~ i;. • • • IPI Ln 0 '. 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N N N N N N N N N N N N N N N W 0, Z N W a I- H H H H I- H I- I- H 1- H W V I- I- 1- H H ' Q (j W W W W W W W W W W w W w W w V W W w W Lu W w WWWWaWwww uw w w w CL WW iL, W d. = w cc w cr� w w oc w w� w w cc w W w w� O pCz H C W J m w I w w O a ¢ a a a l z w z z z s I-- W W W W W Y Y Y Y a'Q zZ_ Z_ Z Z 0 Y Y Y_ Y a V w uUuL) U w u w v 'w W J m w I w w O a ¢ a a a l z w z z z s I-- W 4.0 LU N H N W _> U � L a e� 0 N � W W n m u Z WCC V Q w w w w V a W LL, w'w w LLJ LU CC D a F- � � F- Item No. 9 Memorandum TO: Mayor, Mayor Pro Tem, Council Members FROM: City Manager, Rose Beverly SUBJECT: Approval of Polco Order Form Agreement DATE: January 12, 2026 BACKGROUND: Polco provides an online public engagement platform designed to help local governments gather resident feedback through polls, surveys, simulations, and virtual engagement tools. As part of this agreement, the City will also receive a turnkey National Community Survey that allows residents to share feedback while providing nationally benchmarked data for comparison with similar communities. STATUS OF ISSUE: The proposed agreement is for a 12 -month term at a total cost of $7,500. The Engage platform is included at no cost, and the City is paying only for the National Community Survey. This tool will support the City's strategic planning efforts, budget discussions, grant applications, and overall data -driven decision-making. RECOMMENDATION: Staff recommends for Council to ratify the City Manager's signing of the Polco Order Form Agreement to provide the City with professional public engagement tools and reliable community data to support informed policy and planning decisions. o POICO Polco Order Form This Order Form (the "Order Form") is entered into and made effective as of December 22nd, 2026 ("Effective Date") by and between Policy Confluence, Inc., a Delaware corporation ("Polco" or "Company"), and City of Paris, TX, ("Customer" "you" or "your", and collectively with Polco the "Parties") and shall remain in effect for the duration of the Initial Term as defined below and any Renewal Term (the "Term") unless agreed otherwise explicitly and in writing between the Parties. This is a binding agreement by Customer to purchase Polco's subscription Services as set forth in the tables below and further defined in this agreement. Each of the Services are governed by and incorporates the general terms and conditions set forth in this Order Form, the Enterprise Terms and Conditions (the "Enterprise Terms" found at and the Website Terms of Use (the "Website Terms" found at Y.i,w..,i„i..;,;r.p;,.i���,iu,4,�,,u,i!/i i.r.,.... U'i,,,� i,,,,) (each a "Supplement;" and collectively with this Order Form, the "Agreement`). In the event of any conflict or inconsistency between the provisions of (a) this Order Form, and (b) any other supplements, documents or policies referenced in this Order Form or the Supplements, the governing order of precedence shall be: (i) this Order Form (ii) the Enterprise Terms; (iii) the Website Terms; and (iv) any other document incorporated herein by reference. Customer Information Entity Name: City of Paris, TX Address: 135 SE 1st Street Paris, TX 75460 Contact: Rose Beverly Phone: 903-785-7511 Phone: ly@paristexas.govaristexas.gov Polco Entity Name: Policy Confluence, Inc. Address: 1241 John Q. Hammons Dr, Suite 203 Madison, WI 53717 Contact: Garrett Hernandez Rimer Phone: 303-229-5064 Email: garrett@polco.us Page 1 of 3 "�. msnmr�...„„,. / ii,",mn;Nm".�,.. mmm.".:� � / / / /"// � . mmm+. ; �/ �➢"/i' y.. �/ i �' i ,!/ � i' j Initial Term: 12 months starting on the effective date Fees: The Fees are exclusive of any applicable taxes (including sales tax) and withholdings, which will be added to the Fees and paid by Customer, to the extent applicable. Payment Terms: $7,500 of The Fees shall be payable within 30 days of the Effective Date. Expected Invoice 12-22-2025/$7,500 Date/Amount: ..... . ... . ...... ....... . . ........... . .... .... Billing Contact: Rose Beverly rbeve rly0paristexas.gov P.O. # (if appl.): Renewal Term. The Initial Term will automatically renew for successive 12 -month periods unless Customer provides written notice of non -renewal at least 30 days before the current Term ends. You will receive a notification at least 60 days before the renewal date to confirm your consent. During the Term, you will receive standard updates to the Services that Polco makes generally available. Polco may also offer additional functionality or premium feature improvements for an additional cost. Polco reserves the right to modify and increase Fees with at least 60 calendar days' written notice before the start of any Renewal Term, with the Fees in this Order Form deemed amended accordingly. Any such increases will not exceed 7% of the gross price per Renewed Agreement Term. Training and Support. Your subscription Services includes access to the Services and Support as described above, which includes training materials, as well as access to technical support services for your Authorized Users. You understand that technical support services are for technical product support, and such services are not to be used as a substitute for proper training and education. Privacy Policy. You acknowledge that you have read and understand Polco's Privacy Policy (the "Privacy Policy" found at,11,, "!/,� !, �,J �..,�.,",,.,„['„”,i,;i"l.;aAw`",�x„'„�:;;�)• Compliance with Data Protection Laws. Each Party shall comply with all applicable data protection and privacy laws ("Data Protection Laws") governing its performance under this Agreement. Should applicable Data Protection Laws, whether existing at the start of the Term or becoming effective during the Term, mandate specific terms for the processing of Personal Data, the Parties shall execute any required amendments to this Agreement or enter into additional agreements, including but not limited to a Data Sharing Agreement, to ensure compliance. Service Level Agreement. Polco's web platform will be operational and available to the Customer at least 99.5% of the time in any calendar month (the "Polco Application SIX). Ownership of Creative Materials and Data. Polco retains all rights, title, and interest in the Creative Materials and data developed or collected in connection with this Agreement. Creative Materials, including content, text, graphics, software, and other proprietary elements, are protected by intellectual property laws and may only be used by the Customer as specified herein. Similarly, all data generated by Polco remains its exclusive property, and Polco may use it for purposes such as platform improvement, research, and product development, Including lawful disclosure to third parties as necessary. Upon termination of this Agreement, the Customer's rights to use the Creative Materials end, while Polco retains ownership of both the Creative Materials and data. Page 2 of 3 Entire Agreement. This Agreement, together with any other documents incorporated herein by reference, constitutes the sole and entire agreement of the Parties with respect to the subject matter of this Agreement and supersedes all prior and contemporaneous understandings, agreements, and representations and warranties, both written and oral, with respect to such subject matter. Counterparts. This Agreement and any amendments thereto may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same agreement. The Parties may execute this Agreement and any amendment thereto in the form of an electronic record utilizing electronic signatures, as such terms are defined in the Electronic Signatures in Global and National Commerce Act (15 U.S.C. § 7001, et. seq.). Electronic signatures, or signatures transmitted electronically via PDF or similar file delivery method is legal, valid, and binding upon execution and delivery for all purposes and each shall have the same effect as an original signature. Severability. If any provision of this Agreement is deemed invalid, illegal, or unenforceable in any jurisdiction, such determination shall not affect the validity, legality, or enforceability of any other provision of this Agreement, nor shall it render such provision invalid or unenforceable in any other jurisdiction. The Parties shall, in good faith, negotiate to amend the Agreement to reflect their original intent as closely as possible in a mutually acceptable manner, ensuring the intended transactions are effectuated to the fullest extent permissible. Full Authority. The person agreeing to the terms and conditions of this Agreement states and affirms that they have the full authority of Customer to enter into and execute this Agreement. IN WITNESS WHEREOF, CUSTOMER and POLICY CONFLUENCE, INC. have executed this Order Form as of the Effective Date: �..... ............. ..?MER PaLCO ao....O� _.......... ...........� ....�,.,� _._ .......... , ............ 9 Signature ' i.ate ` Signature Date ,. .... Garrett Hernandez Rimer / Sr. Director Printed Name / Title Printed Name / Title Page 3 of 3 Item No. 10 M'e'moranduin TO: Mayor, Mayor Pro Tem, Council Members FROM: City Manager, Rose Beverly SUBJECT: 2026 CONTRACT WATER & WASTEWATER COST OF SERVICE STUDY DATE: January 12, 2026 BACKGROUND: The City of Paris currently has treated water contracts with four local industries (Campbell Soup, PGEN (Paris Generation, LP), Lamar County Water Supply District, and Daisy Farms). One of the requirements of these contracts is for the City to have an independent rate consultant conduct a cost of service study each year. The study determines what the contract customer water rates should be according to the contract terms. A by-product of the study is that water and wastewater rates are also determined for all other water and wastewater customer classes (residential, commercial, and industrial customers). This study is the basis for any non -contract rate changes recommended to the City Council. The study is an important financial tool enabling the City to maintain the financial integrity of the Water & Sewer (Wastewater) Fund. This annual rate study and the City's rate maintenance policy are looked upon favorably by Moody's and other credit rating agencies when the City is attempting to issue bonded indebtedness. Adjusting the rates in accordance with our 2010 Policy is also critical in attempting to fulfill the basic care and maintenance to our Water and Wastewater system needed for the citizens and businesses of Paris. STATUS OF ISSUE: The City signs a yearly contract with New Gen to perform the city's contractually required water and wastewater cost of service study, and it is time to sign again so New Gen can perform the required work. BUDGET: Cost of the 2026 Study is $36,500.00 RECOMMENDATION: Staff recommends approval of the contract with New Gen for a 2026 Water and Wastewater Cost of Service Study. Doousign Envelope ID: 7309D26F-3B1B-4E87-A9F4-529116D4FO65 October 23, 2025 via email. rbeverly@paristexas.gov Ms. Rose Beverly City Manager City of Paris 135 SE 11t Street Paris, Texas 75460 Subject: 2026 Water and Wastewater Cost of Service Study Dear Ms. Beverly: 275 W iarnpbdl Rei Suite 440 Ritharcisnrt, TX 75080 Phone: (972) 6 0.. 000 NewGen Strategies and Solutions, LLC (NewGen) is pleased to once again have this opportunity to provide our services to the City of Paris (City) in performing the City's contractually required water and wastewater cost of service (COS) study. It is our understanding that the scope of services for this engagement will include the following: ■ For the City's contract customers, conduct a COS study in accordance with the contractual terms; ■ Perform a COS study for the City's retail water and wastewater customers; ■ Discuss with City staff the preliminary findings from the COS studies; ■ As may be requested, meet collectively with the City's contract customers to explain the COS development and corresponding rates; ■ Develop a final report of findings and recommendations; and ■ Present findings of the Study to the City Council. Based on our understanding of the services to be provided, NewGen estimates the price to perform the above scope of services at $36,500. NewGen invoices its clients monthly for actual hours worked at our then -applicable hourly billing rates, plus out-of-pocket expenses incurred at cost, with payment due within ten (10) days of receipt. Our standing hourly billing rates, which will remain in effect through December 31, 2025, are as follows: Economics I Strategy I Stakeholders I Sustainability www.newgenstrategies.net Docusign Envelope ID: 7309D26F-3B1B-4E87-A9F4-529116D4F065 Ms. Rose Beverly October 23, 2025 Page 2 NewGen Strategies and Solutions 2025 illln to Position Hourly Billing Rate Partner $280 —$425 Principal $265 —$425 Senior Manager $235 —$295 Manager $205 —$245 Senior Consultant $180 —$205 Consultant $165 —$180 Administrative Services $135 Note: Billing rates are subject to change based on annual reviews and salary increases. This agreement is subject to cancellation by the City with thirty (30) days prior written notice provided to NewGen. In the event of cancellation, all labor and expense charges incurred by NewGen through the date of cancellation will be considered due at the time notice of cancellation is delivered, regardless of work product and/or engagement status. By engaging NewGen, you agree that the services rendered by NewGen will be performed in accordance with instructions or specifications provided by City staff and will be provided with the degree of skill and judgment exercised by recognized professionals performing services of similar nature and consistent with the applicable industry best practices. You further agree that compensation for services rendered will be provided to NewGen regardless of the outcome of the engagement. Additionally, the City and NewGen mutually agree that during the term of this Agreement and for a period of one (1) year after any termination, the parties agree not to solicit the other entities' employees related to this Agreement. This clause does not apply where an employee seeks employment in response to an advertisement placed into the public domain for a specific position or other general recruitment activities. All payments under this agreement should be remitted to: NewGen Strategies and Solutions, LLC 275 W Campbell Road, Suite 440 Richardson, Texas 75080 If this letter is in agreement with your understanding of the scope of services to be provided, and the terms and conditions are acceptable, please execute one copy and return it to our Richardson, Texas office. If you should have any questions and/or require additional information, please feel free to contact Mr. L s, ne) ���.ir s atgi�t,�es.,irnet. Again, we appreciate the Chris Ekrut at (972) 232-2234 or via e-mail at �1---��,���q opportunity to assist the City in this matter and look forward to working with you. City of Paris, TX 2026 Water and Wastewater Cost of Service Study Docusign Envelope ID: 7309D26F-3BIB-4E87-A9F4-529116D4F065 Ms. Rose Beverly October 23, 2025 Page 3 Sincerely, NewGen Strategies and Solutions, LLC (Signed by: ((vis V. fW "— 1` Chris 1162F346�A844 o D. E rut Partner, Chief Financial Officer City of Paris, Texas ($36,500) Water and Wastewater Cost of Service Study Signed Title.. . ..... . ---111111111111 ............. City of Paris, TX 2026 Water and Wastewater Cost of Service Study Item No. 11 Memorandum TO: Mayor, Mayor Pro Tem, & City Council Rose Beverly, City Manager FROM: Steve Marriott, Finance Director SUBJECT: CITY INVESTMENT POLICY 2026 DATE: January 12, 2026 BACKGROUND: As required under the Local Government Code Section 2256.005, the City has a written investment policy. The policy serves as a guide regarding investment objectives and strategies. The policy addresses issues such as policy scope, prudence, training, conflicts of interest, suitable investments, collateralization, diversification, and reporting. STATUS OF ISSUE: The investment policy states that annually the City Council will review and re -adopt the investment policy approving any changes. There are a few changes to the policy for the year 2026 to better align with the State law. The policy complies with Chapter 2256 of the Local Government Code also known as the Public Funds Investment Act. BUDGET: Not affected by this policy. RECOMMENDATION: Motion to adopt the City investment policy as submitted. INVESTMENT POLICY January 2026 1.0 POLICY AND INVESTMENT STRATEGY It is the policy of the City of Paris to invest public funds in a manner which will provide first: safety of principal, second: liquidity, and third: return on investment consistent with the need for safety and liquidity, fourth: meet the daily cash flow demands of the entity, and fifth: conform to all state and local statues governing the investment of public funds, including but not limited to, the Public Funds Investment Act, Chapter 2256, Local Government Code. Investment strategies for operating funds have as their primary objective to assure that anticipated flows are matched with adequate investment liquidity. The secondary objective is to create a portfolio structure which will experience minimal volatility during economic cycles. This may be accomplished by purchasing high quality, short to medium securities which will complement each other in a laddered maturity structure. The dollar weighted average maturity target will be two years or less. Investment strategies for debt service funds shall have as the primary objective the assurance of investment liquidity adequate to cover the debt service obligation on the required payment date. Securities purchased shall not have a stated final maturity which exceeds the debt service payment date. Investment strategies for debt service reserve funds shall have as the primary objective the ability to generate a dependable revenue stream to the appropriate debt service fund from securities with a low degree of volatility. Securities should be of high quality and consistent with bond ordinance requirements. Short to medium maturities generally meet these requirements. Investment strategies for special projects or special purpose funds will have as their primary objective to assure that anticipated cash flows are matched with adequate investment liquidity. The stated final maturity dates of securities held should not exceed the estimated project or purpose completion date. 2.0 SCOPE This investment policy applies to the funds listed below. These funds are accounted for in the City's Comprehensive Annual Financial Report. 2.1 Consolidated Cash Funds 2.1.01 General Fund 2.1.03 Cox Field Airport Fund 2.1.04 American Rescue Plan Act Fund 2.1.05 Coronavirus Relief Fund 2.1.06 Tax & Rev CO 2021 Construction Fund 2.1.07 COP Evidence Fund 2.1.08 COP Housing Foundation Fund 2.1.09 Paris Pickleball Project 2.1.10 Water and Sewer Fund 2 INVESTMENT POLICY January 2026 2. 1.11 Capital Projects Fund 2.1.12 Main Street Events Fund 2.1.13 Equipment Replacement Fund 2.1.16 TWDB Loan Fund 2.1.17 Main Street Advisory Bd Fund 2.1.18 Main Street BIG Fund 2.1.19 Vacant Building Reg. Fund 2.1.20 Mun. Ct. Local Traffic Fee Fund 2.1.21 Child Safety Fund 2.1.22 Local Truancy & Prevention Fund 2.1.23 PEG Channel Fund 2.1.24 Lake Crook Park Restoration Fund 2.1.25 Grant Fund 2.1.26 Mun. Ct. Jury Fund 2.1.27 Water Contract Fund 2.1.28 Parks Donations 2.1.29 Passing School Bus Fund 2.1.30 Community Development Fund 2.1.31 State Consolidated Fee Fund 2.1.32 Auto Theft Program Fund 2.1.33 Municipal Court Technology Fund 2.1.34 Municipal Court Security Fund 2.1.35 Municipal Court Child Safety Fund 2.1.36 Municipal Court Time Payment Fund 2.1.37 Police Confiscated Funds -Gambling 2.1.38 Police Judicial Forfeitures Fund 2.1.39 Equitable Sharing Forfeitures 2.1.40 Special Purpose Grants -HOT Fund 2.1.41 Grand Theater Donations Fund 2.1.42 Tax Note Series 2025 Fund 2.1.46 GO Bonds 2017 Construction Fund 2.1.47 GO Bonds 2018 Construction Fund 2.1.50 W& S Revenue Bond Reserve Fund 2.1.51 TWDB I & S Fund 2.1.53 2010 Tax & Revenue I&S Fund 2.1.54 GO Pension Bonds 2022 I&S Fund 2.1.56 Tax Note Series 2025 I&S Fund 2.1.60 2012 GO Refunding Bonds I&S Fund 2.1.62 GO Bonds 2013 I&S Fund 2.1.63 GO Bonds 2016 I&S Fund 2.1.64 GO Bonds 2017 I&S Fund 2.1.65 GO Bonds 2018 I&S Fund 2.1.67 Hotel Tax I& S Fund 2.1.68 Tax Note Series 2020 I&S Fund 2.1.69 Tax & Rev CO 2021 I&S Fund 2.1.72 Library Memorial Fund 3 INVESTMENT POL' January 2026 2.1.79 Library Expendable Fund 2.1.80 Library Permanent Fund 2.1.82 W& S Rev Bonds 2022 I&S Fund 2.1.83 W& S Rev Bonds 2022 Construction Fund 2.1.85GO Bonds 2023 I&S Fund 2.1.86 TIRZ Fund 2.1.87 Tax & Rev CO 2024 Construction Fund 2.1.88 Tax & Rev CO 2024 I&S Fund 2.2 Non -Consolidated Cash Funds 2.2.00 All Other Funds 2.2.02 Economic Development Fund 2.2.03 Texas CLASS Investment Pool 2.2.04 LOGIC Investment Pool 3.0 PRUDENCE Investments shall be made with judgment and care --under circumstances then prevailing --which persons of prudence, discretion and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering the probable safety of their capital as well as the probable income to be derived. 3.1 The standard of prudence to be used by investment officials shall be the "prudent person" standard and shall be applied in the context of managing an overall portfolio. Investment officers acting in accordance with written procedures and the investment policy and exercising due diligence shall be relieved of personal responsibility for an individual security' s credit risk or market price changes, provided deviations from expectations are reported in a timely fashion and appropriate action is taken to control adverse developments. The governing body of the investing entity retains the ultimate responsibility as fiduciaries of the assets of the entity. 4.0 OBJECTIVE The primary objectives, in priority order, of the City's investment activities shall be: 4.1 SAFETY: Safety of principal is the foremost objective of the investment program. Investments of the City shall be undertaken in a manner that seeks to insure the preservation of capital in the overall portfolio. To attain this objective, diversification is required in order that potential losses on individual securities do not exceed the income generated from the remainder of the portfolio. 4.2 LIQUIDITY: The City's investment portfolio will remain sufficiently liquid to enable the City to meet all operating requirements which might be reasonably anticipated. 4.3 RETURN ON INVESTMENTS: The City's investment portfolio will be designed with the objective of attaining a rate of return throughout budgetary and economic cycles, commensurate with the City's investment risk constraints and the cash flow characteristics of the portfolio. n January 2026 ........... . ........ . . ..... .. ............ Authority to manage the City' s investment program is derived from the City' s charter and reconfirmed by adoption of this policy by the City Council. Management responsibility for the i.SAP".1P-V—Wf'-1f2Y hed-tt�-kc-4,irect*r of Finance who shall be resvonsible for all llnlraml Ira 11016111k,111" nis area ?FYVF77i7c-cTsTTP may be developed by the Finance Director as needed. Through the adoption of this policy, the positions of Finance Director and Assistant Finance Director shall be designated as investment officers who are authorized to execute investment transactions on behalf of the City. The investment officer shall attend at least one 10 -hour training session relating to the officer's responsibility under the Act within 12 months of assuming duties and complete at least 8 hours of training every two years thereafter. Such training shall be provided by any independent source outside the City including professional organizations, institutes of higher leaming or sponsors other than business organizations with whom the City may engage in investment transactions. The training, must include education in investment controls, securitly risks, market risks, diversification of portfolio and compliance with the Act. TIMN�� Officers and employees involved in the investment process shall refrain from personal business activity that could conflict with proper execution of the investment program, or which could impair their ability to make impartial investment decisions. Employees and investment officials shall disclose to the City Manager any material financial interests in financial institutions that conduct business within this Jurisdiction, and they shall further disclose any large personal financial/investment positions that could be related to the performance of the City, particularly with regard to the time of purchases and sales. The investment officer must file a disclosure statement with the Texas Ethics Commission and the governing body if the officer has a personal business relationship (as defined in 2256.005 (i) (I - 3) I -3) with a business organization offering to engage in an investment transaction with the City. A disclosure statement must also be filed by the investment officer if the investment officer is related within the second degree by affinity or consanguinity as determined under Chapter 573 of the Texas Government Code, to an individual seeking to transact investment business with the entity. 7.0 AUTHORIZED FINANCIAL DEALERS AND INSTITUTIONS The Investment Officer will maintain a list of financial institutions authorized to provide investment services. No public deposit shall be made except in a qualified public depository as established by state law. All financial institutions and broker/dealers who desire to become qualified bidders for investment transactions must supply the Investment Officer with the following: audited financial statement, proof of National Association of Security Dealers certification, trading resolution, proof of state registration, completed broker/dealer questionnaire if requested, and certification of having received and reviewed entity' s investment policy. 0 January 2026 ...................... . .. . . . ................ ........... . . ........ ... I .� An annual review of the financial condition and registrations of qualified bidders will be conducted by the Investment Officer. A current audited financial statement and certification of having received and reviewed the City's investment policy is required to be on file for each financial institution and broker/dealer in which the City of Paris invests. The City of Paris is empowered by statue to invest in the Types of securities autffor_fz_e_d_5_yUhapt 2256 of the Government Code. Even if allowed by the Public Funds Investment Act, the City Vwis will not invest in securities known as " collateralized debt obligations" which are pools debt that include sub -prime mortgages. Any investment currently held that does not meet t guidelines of this policy, but was authorized at the time of purchase, shall be exempted from t requirements of this policy and investment officers shall not be required to liquidate t investment, At maturity or liquidation, such monies shall be reinvested only as provided by th policy. All prudent measures will be taken to liquidate an investment that is downgraded to le than the required minimum rating as per Chapter 2256. 9.0 COLLATERALIZATION Consistent with the requirements of Chapter 2257 of the Texas Government Code (the "Publ Funds Collateral Act"), it is the policy of the City to require full collateralization of all Ci investments and funds on deposit with a depository bank, other than investments which obligations of the U.S. government and its agencies and instrumentalities. In order to anticip market changes and provide a level of security for all funds, the collateralization. level will be least 102% of market value of orincipal and accrued interest on the deposits or investments less] r"11-411111 nntg 1 17M 11=,�WX0416�4 X =--- - . , .0.0 1 4 - provisions ot this proposal shall be continuously secureu, in accoraunce Tial LIX ILIVT-N�401 L11C 3L' of Texas, Securities pledged as collateral shall be held by an independent third party. h d arty fil 7 rids n depos tir p In addition, the Depository Bank agrees to meet the same security pledge for all funds on depo by the Paris Economic Development Corporation (PEDC). Evidence of pledged securities to t 1 City and PEDC must be supplied to the City and retained until new evidence of pledged securniti supersedes the previous evidence of pledged securities. The right of collateral substitution granted. 171]111Ra 114 N X 9 101W.111211 -ye -M&M All security transactions, including collateral for repurchase agreements, entered into by the City of Paris, shall be conducted on a delivery -versus -payment (DVP) basis. Securities will be held 'tFy o*5* 10.1 COMPETITIVE BIDS: It is the policy of the City to obtain at least three bids for security transactions except for: (a) transactions with money market mutual funds and local government investment pools; (b) treasury and agency securities purchased at issue through an approved R January 2026 broker/dealer or financial institution; or (c) securities offered by approved broker/dealers wh--m- market conditions would make obtaining bids impractical. Anytime competitive bids are n received, comparative interest rates must be obtained, and two investment officers must appro the purchase of the security. I 1 03 UA of M*J The City of Paris will diversify its investments by security type and institution. With the exception of obligations of the United States or its agencies and authorized pools, no more than 50% of the City of Paris total investment portfolio will be invested in a single financial institution with th+ exception of its local depository. flow requirements. Unless matched to a specific cash flow, the City of Paris will not directly invest in securities maturing more than 10 years from the date of purchase. However, the City of Paris Reserve tuni I LLIV PMTT�e -�V .1 J.1 Lll� 11 1 is made to coincide as nearly as practicable with the expected use of the funds. 1 '911 Irm 04 1111WEVI WORWIN N ITO The Finance Director shall establish an annual process of independent review by an external auditor. This review will provide internal control by assuring compliance with policies and procedures. 14.0 PERFORMANCE STANDARDS The investment portfolio shall be designed with the objective of obtaining a rate of return throughout budgetary and economic cycles, commensurate with the investment risk constraints and the cash flow needs. 14.1 MARKET YIELD (BENCHMARK): The City of Paris investment strategy is active. Given this strategy, the basis used by the Investment Officer to determine whether market yields are being achieved shall be designed with the objective of regularly meeting or exceeding the average rate of return on U.S. Treasury Bills ata maturity level comparable to the City's weighted average maturity in days. 15.0 REPORTING The Investment Officer shall prepare an investment report in compliance with Section 2256.023 of the statute and provide to the City Manager and City Council not less than quarterly. An 7 INVESTMENT POLICY January 2026 independent auditor will perform a formal annual review of the investment reports with the results reported to the City Council. 16.0 MARKING TO MARKET The market value of the portfolio will be determined at least quarterly and included in the quarterly investment reports. The market price of acquired investments shall be monitored by using information from a reputable and independent source deemed reliable by the Director of Finance such as the Wall Street Journal, Bloomberg Information Services, and/ or through a securities dealer' s trading desk. 17.0 INVESTMENT POLICY ADOPTION The City of Paris investment policy shall be adopted by resolution of the City Council. The policy shall be reviewed and re -adopted annually by the City Council and any modifications made thereto must be approved by the City Council. • Liberty National Bank 305 Lamar Avenue Paris, TX 75460 Phone: (903) 785-5555 • LOGIC 717 N. Harwood, Suite 3400 Dallas, TX 75201 Phone: (800) 895-6442 • Raymond James & Associates, Inc. 5847 San Felipe St. Suite 3900 Houston, TX 77057 Phone: (800) 338-7731 • Texas CLASS 2435 N. Central Expressway, Suite 1200 Richardson, TX 75080 Phone: (800) 707-6242 M M1111 I 11L I Memorandum TO: Mayor, Mayor Pro -Tem & City Council FROM: Rose Beverly, City Manager SUBJECT: Grand Theater Lease Update DATE: December 8, 2025 BACKGROUND: The City entered into a Management Lease Agreement with the Paris Grand Theater Lease Project on August 31, 2018. The agreement is complex, and earlier this year Mr. Joseph Portugal contacted City Management to request revisions to clarify several provisions that he and his project members found challenging or impractical. City staff including myself, City Attorney Stephanie Harris, and then City Engineer Todd Mittge met in person with representatives of the Paris Grand Theater Project. Since that time, we have continued working with Mr. Portugal via email to resolve the key issues and refine the agreement language. STATUS OF ISSUE: All parties are comfortable with the amended agreement and are ready for it to be ratified by Council. RECOMMENDATION: Staff recommend approving the Superseding and Amending Lease Agreement update. GRAND THEATER MANAGEMENT LEASE AGREEMENT: Superseding and Amending Lease Agreement Dated August 31, 2018 This Grand Theater Management LEASE Agreement (hereinafter LEASE), which supersedes and amends the Grand Theater Agreement between the Parties dated August 31, 2018 (hereinafter the Original Lease) shall be between the City of Paris, Texas, a home rule municipal corporation of the State of Texas (hereinafter CITY), and the Paris Grand Theater Project, Inc., a 501(c) (3) not-for-profit corporation (hereinafter PROJECT), which in consideration of the mutual covenants, agreements, stipulations, and payments, do hereby contract and agree as follows. CITY and PROJECT sometimes are referred to herein collectively as the "Parties" or singularly as a "Party." RECITALS WHEREAS the goal of the Paris Grand Theater Project is to advocate for, assist in, and lead the refurbishment, promotion, and operation of the historic Grand Theater in Paris, Texas, bringing it back for the enjoyment and economic, educational, and cultural benefit of citizens of the community and visitors to the area; and WHEREAS, the objectives of the Paris Grand Theater are: to identify, organize, and unify diverse groups and individuals into one group focused on refurbishing and revitalizing the Grand Theater; the establishment of a multi-level and multi-year fundraising program to acquire financial donations, gifts -in-kind, endowments, grants, and other monetary resources; to design a venue that both pays homage to the rich history of the Grand Theater, and creates opportunities for new activities and events; to promote the Grand Theater to a wide variety of performers, acts, activities, organizations, and events; and to leverage the potential of the Grand Theater to better market the city of Paris, Texas; and WHEREAS, the City of Paris is the owner of the Grand Theater, and CITY is in full support of the goals and objectives of the Paris Grand Theater Project; and WHEREAS, on August 31, 2018, the Parties executed an original lease agreement which the Parties have agreed to revise and amend; and WHEREAS, this Lease shall supersede the Original Lease in its entirety as well as any other agreements between the parties; CITY hereby agrees to LEASE the Grand Theater to PROJECT, and PROJECT agrees to LEASE said Theater from CITY, on the terms and conditions set forth herein below. AGREEMENT NOW, THEREFORE, for the sum of $10 a year, due and payable on or before January 3 V of each year of the Term, and in consideration of the recitals set forth above and the mutual covenants and agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which are 1 acknowledged and confessed by each of the parties hereto, the parties hereto have agreed and, intending to be legally bound, do hereby agree as follows: ARTICLE 1. Grant, Term of LEASE, and Certain Definitions 1.1. Leasng,Clause. CITY does hereby LEASE, demise and let unto PROJECT, and PROJECT does hereby take and LEASE from CITY, the Leased Premises, to have and to hold the Leased Premises, together with all the rights, privileges, easements and appurtenances belonging to or in any way pertaining to the Leased Premises, for the Tenn and subject to the provisions hereinafter provided. 1.2. Term. The term of this LEASE shall become effective upon its execution by both parties hereto (the Effective Date). Recognizing the need of PROJECT to invest and reinvest in the leased facilities, and to consider long-term professional services agreements and programming for the promotion of the Theater, this Agreement shall remain in full force and effect for a period of fifty (50) years, unless earlier terminated in accordance with the provisions of this LEASE, or is extended as provided herein below, 1.3. Definitions,. The following terms shall have the meaning set forth. Commence mentwof Onerations. The date PROJECT commences normal business operations, including but not limited to opening an office, hosting or allowing performances, meetings, exhibits, or conducting other activities in the Theater. Fpr ce_MaJeure. Any unforeseeable causes beyond a Party's control and without such Party's fault or negligence, including, but not limited to, acts of God, acts of the public enemy, acts of the federal government, acts of the other party, fires, floods, epidemics, quarantine restrictions, strikes, lockouts, freight embargoes, and unusually severe weather or unforeseen environmental or archaeological conditions requiring investigation/mitigation by federal, state or local laws. Impositions. Taxes and assessments against the Leased Premises or PROJECT's interest therein that accrue during and are applicable to the Term. trnpj yement„s,. All buildings, structures, equipment, improvements, fixtures and related infrastructure from time to time connected, installed, or situated on the Leased Premises, including landscaping. Lease Year. Each successive twelve (12) -month period during the term from and including the Effective Date. Leased Premises. The Grand Theater, sometimes also referred to as the Theater, Improvements and Related Infrastructure, together with all other rights, privileges, easements and appurtenances benefiting, belonging to or in any way appertaining thereto, including, without limitation: (a) any and all rights, privileges, easements and appurtenances of CITY as the owner of fee simple title to the Land now or hereafter existing, (b) subsurface rights below the surface of the Land, (c) reversions which may hereafter accrue to CITY as owner of title to the land by reason of the closing of any adjacent street, sidewalk or alley or the abandonment of any rights by any governmental authority, (d) and any and all strips and gores relating to the land. Said Leased Premises are located at 21 Lamar Avenue, Paris, Texas 75460. Related Infrastructure. Any motor vehicle parking areas, road, street, water or sewer facility, plaza, Related ......... . pedestrian circulation area or other on-site or off-site improvement that relates to and enhances the use, value, or appeal of the Theater, including, without limitation, areas adjacent to the Theater and any items reasonably necessary to reconstruct, improve, renovate or expand the Theater, excluding environmental remediation. ARTICLE 2. Impositions and Utilities 2.1. Parnent of Im )ositions. Except as provided elsewhere in this Article, PROJECT shall pay all Impositions, if any, before the same become delinquent, and PROJECT, at the request of CITY, shall furnish to CITY receipts or copies thereof showing payment of such Impositions. PROJECT shall be entitled to pay any Impositions in installments as and to the extent the same may be permitted by the applicable taxing authority or claimant. CITY agrees to cooperate with PROJECT in seeking the delivery of all notices of Impositions to PROJECT directly from the applicable taxing authorities. CITY shall promptly deliver all notices of Impositions to PROJECT which are delivered to CITY. In no event shall PROJECT be in default under this LEASE for failure to pay any Impositions before the same become delinquent for which the notice of such Impositions shall have been delivered to CITY and not forwarded or delivered to PROJECT at least thirty (30) days before the date the same become delinquent. 2.2. Contest of_I1ppostions. If the levy of any Imposition shall be deemed by PROJECT to be improper, illegal, or excessive, or if PROJECT desires in good faith to contest an Imposition for any other reason, PROJECT may, at PROJECT's sole cost and expense, dispute and contest the same and file all such protests or other instruments and institute or prosecute all such proceedings for the purpose of contest as PROJECT shall deern necessary and appropriate. CITY will cooperate with PROJECT regarding such protests. Subject to the foregoing, any item of contested Imposition need not be paid until it is finally adjudged to be valid, unless otherwise required by law. PROJECT shall be entitled to any refund of any Imposition (and the penalties or interest thereon) refunded by the levying authority pursuant to any such proceeding or contest, if such Imposition shall have been either (a) paid directly by PROJECT, or (b) shall have been paid directly by CITY and CITY was reimbursed therefor by PROJECT. 2.3. Standing. If PROJECT determines it lacks standing to contest any Impositions imposed by a governmental authority other than CITY, or to obtain an extended payment period for any such non -CITY Impositions, CITY (to the maximum extent allowed by law) and at PROJECT's expense shall join in such contest or otherwise provide PROJECT with sufficient authority to obtain such standing. - 2.4. Utilities. PROJECT shall pay all bills for water and electric utilities, to the Theater beginning not later than the thirtieth (30"') day prior Commencement of Operations. In connection herewith, PROJECT shall notify CITY as soon as is practicable of its intent to assume responsibility for said utilities so that the Parties can coordinate same. Beginning on the Effective Date of this LEASE, PROJECT shall be responsible for obtaining and paying for all other utilities including but not limited to telecommunications and Internet. 3 ARTICLE 3. Improvements 3.1. Funding. PROJECT shall use best efforts to actively raise funds for the purpose of completing all repair and restoration work necessary to open and operate the Grand Theater. CITY shall support and cooperate in all such efforts to raise and otherwise secure funding for restoration, maintenance, and operations of the Theater, including assisting with and supporting the acquisition of local Hotel Occupancy Tax revenues, grant funds, and other sources where applicable and available. 3.2. Reconstruction/restoration. a.) PROJECT shall undertake all reasonable measures to perform all work required to return the Grand Theater to its historically accurate look and function. b) CITY shall have the right to review and approve all plans for design and reconstruction/restoration work by PROJECT prior to commencement of said work. c) PROJECT shall comply with all state statutes and city ordinances pertaining to the construction, maintenance, use, and operation of leased facilities, including any required interior sprinklering of the facility as required by fire or other building codes and the acquisition and compliance with all permits. CITY shall waive all permit fees associated with all aspects of reconstruction and restoration of the Theater. d) PROJECT shall fully comply with any and all statutes pertaining to asbestos or other hazardous materials or Substances as may be required by state or federal regulations. e) PROJECT shall comply fully with all city signage ordinance requirements. I) CITY shall assist where feasible with utilities construction that may be required for reconstruction and restoration of the Grand Theater. g) PROJECT shall have the right, at its option and sole expense (subject only to the express restrictions set forth in this LEASE) to develop, alter, add to, reconstruct, reconfigure, or remodel any and all portions of the Leased Premises and to enhance improvements at the Theater for any lawful purposes, as long as such development does not materially interfere with the development or use of the Theater for its intended purpose. 3.3. Qjjer4tion and maintenance. a) PROJECT shall use best efforts to operate, support, fund, staff, and otherwise maintain an active Theater industry within the City of Paris consistent with the highest practicable standards. b) PROJECT shall have sole responsibility for all costs associated with the maintenance, upkeep, operation, and repair of the Grand Theater of the Leased Premises, including all capital 4 expenditures necessary to maintain the facilities in a fully functional, safe, and aesthetically pleasing condition throughout the term of LEASE. c) PROJECT shall use best efforts to open, manage, operate, and maintain Theater facility in a manner that shall serve to broaden the appreciation of the Theater to persons both inside and outside of Paris, and also to support an appreciation of the arts in general. d) PROJECT shall endeavor to position the Theater as a vital part of downtown Paris and its future revitalization and economic development, fully integrated into its surroundings and downtown activities and events. e) PROJECT may, at its discretion, contract wit11 qualified third parties to provide high quality promotion of the Theater, its activities, downtown Paris, and local tourism. f) PROJECT may permit the use and/or sale of alcoholic beverages if all state and local permitting requirements are satisfied. g) PROJECT shall make reasonable business efforts to promote public access to and use by as wide a variety of persons as practicable, regardless of income. h) PROJECT shall make every reasonable effort and accommodation to ensure accessibility to the Theater by persons with disabilities. i) The board of directors of PROJECT shall meet with CITY staff at least annually to discuss maintenance and upkeep of the Theater and to make decisions about necessary repairs and/or improvements. 3.4. Furnishing . All furniture, movable trade fixtures and equipment installed by PROJECT, and not owned by or otherwise the property of CITY, may be removed by PROJECT at the expiration or earlier termination of this LEASE if PROJECT so elects provided that PROJECT repairs any damages caused to the Grand Theater by the removal of any such trade fixtures and equipment. PROJECT shall remove such movable trade fixtures shall be removed and repair any damages caused by said removal, if required by CITY, or if not so removed shall, at the option of CITY, become the property of CITY. ARTICLE 4. Use of Premises 4.1. Use. PROJECT shall at all times use and operate the Grand Theater during the Term for the operation of a performing arts, Theater, meeting, and exhibit center, and for other events and activities designed to attract tourists and other visitors and for the benefit of the CITY, downtown Paris, and the general public. Jlance with Laws. PROJECT agrees not to knowingly use the Leased Premises for any use or 4.2. Coin purpose in violation of any valid and applicable law, regulation or ordinance of the United States, the State of Texas, the City or other lawful governmental authority having jurisdiction over the Leased Premises. 4.3. Maintenance. (a) PROJECT shall keep all improvements that from time to time may be erected or placed on the premises in a state of good repair on a regular and ongoing basis consistent with the standards of maintenance and repair of comparable facilities, reasonable wear and tear, obsolescence, acts of God and loss by casualty (except to the extent PROJECT is required under this LEASE to repair casualty damage) excepted. Upon termination of this LEASE, PROJECT shall deliver up the Leased Premises then situated thereon in good condition, reasonable wear and tear, obsolescence, acts of God and loss by casualty (except to the extent PROJECT is required under this LEASE to repair casualty damage) excepted. (b) With regard to casualty damage to the Theater, PROJECT shall, as soon as reasonably practicable but in no event later than one hundred eighty (180) days after the date of a casualty, commence the work of repair, reconstruction, and/or replacement of the damaged improvement. Notwithstanding the foregoing sentence, if the casualty occurs after the twentieth (20t") LEASE Year and the extent of damage to the Leased Premises is greater than thirty percent (30%) of the then replacement value thereof (exclusive of the value of the land) PROJECT shall have the option, within one hundred eighty (180) days from the date of the occurrence of such casualty damage, to tenninate this LEASE by giving written notice of such termination to CITY within said 180 -day period, in which event: this LEASE shall terminate as of the termination date specified in such notice to CITY, which shall not be less than thirty (30) days after the date of such notice; PROJECT shall not be required to repair the damage; all insurance proceeds available as a result of such damage shall be paid to and be the property of CITY; and the Parties shall have no further liability or obligations one to the other except as may be expressly provided for herein. 4.4. Operational Rihts ._Revenue. (a) PROJECT shall receive all revenues generated from and associated with the Grand Theater for the duration of the LEASE. (b) Subject to the tenns and provisions of this LEASE, PROJECT shall have full and exclusive control of the management and operation of the Grand Theater, including all booking and catering rights. During the tern of this LEASE, PROJECT shall have the sole right to grant and enter into licenses, rights, subleases, management agreements, operating agreements and any and all other agreements of any nature relating to the Leased Premises or the name thereof on such terms as PROJECT deems appropriate, and PROJECT shall own all revenues of any source generated by or from the Leased Premises or the operation or management or the name thereof. Use.. of Theater. Subject to availability, CITY shall have the right to reserve up to six (6) months in advance the Theater's main performance hall and other smaller rooms. CITY shall be allowed to use the performance hall one (1) time per calendar year and small meeting rooms up to six (6) times per calendar year without paying any room rental fees; provided, however, CITY shall reimburse PROJECT for any damages, and shall make every reasonable effort to use facilities on weekdays instead of weekend days. 6 ARTICLE 5. Capital Maintenance and Reserves 5.1. Ca[jtgt_Maintenance. PROJECT shall be responsible for the capital maintenance of all improvements, including all capital equipment maintenance and replacement. 5.2. , J, t ,,,,,, jj w e Reserve. Beginning on the third (3") anniversary of the opening of the Theater to Ca .rrtal Mamtenanc , , regular use, and to the extent there are net revenues remaining from the Theater's operations and all other funding following payment of operating costs and any annual debt service for the Grand Theater, PROJECT shall establish a capital maintenance reserve account in the amount of $50,000.00. In any year in which the balance of said capital maintenance reserve account drops below $50,000.00, PROJECT shall deposit, as soon as is practicable but in no event later than six (6) months after expenditures were made from the account, sufficient funds to bring the balance back up to $50,000.00. ARTICLE 6. Insurance and Indemnity 6.1. Property and Liability Insurance—CITY-owned Propgqy. CITY will maintain property (casualty) and general liability insurance on the Leased Premises and any CITY -owned personal property during the Term. In that connection, beginning no later than thirty (30) days prior to Commencement of Operations, CITY will invoice PROJECT on an annual basis for the pro rata portion of CITY's insurance premium attributable to the Leased Premises and PROJECT will remit payment for same within thirty (30) days after receipt of the invoice. 6.2 Pro pert f„and Liabili�y„plJlsuranpe—PROJECT-owned Property. PROJECT acknowledges that CITY will not have an insurable interest in PROJECT owned personal property but does have an interest in PROJECT's ability to maintain operation of the Theater. Consequently, PROJECT shall obtain and maintain property insurance coverage on property it owns in the amount of $100,000.00 and submit to the CITY through the office of the City Clerk a certificate of insurance evidencing said coverage. 6.3. Workers' Comf�ensa.... Insurance. PROJECT agrees, at its sole expense, to obtain and maintain workers' compensation insurance, as required by applicable law, for its employees during the Tenn. The policy will be endorsed to provide a waiver of subrogation as to CITY. 6.4 Contractor Insurance,Requirements. PROJECT shall require any person or business entity with whom it contracts for the provision of construction, environmental remediation, or other such services to carry the general liability insurance coverage in the amount of $1,000,000.00, automobile liability coverage in the amount of $500,000.00, and workers compensation coverage for the contractor's and liability coverage. PROJECT shall also require contractors providing engineering and/or architectural services to carry professional liability insurance coverage in an amount not less than $1,000,000.00 in addition to its obligation to carry workers compensation coverage. PROJECT further agrees that it will not limit the liability of any contractor to an amount less than the limits of its general or professional liability coverage. 6.5. Policies. All insurance policies required by this Article shall provide for at least thirty (30) days written notice to CITY before cancellation and certificates or copies of policies of insurance shall be delivered to CITY. If any blanket general insurance policy of PROJECT complies with the terms of this Article, the naming of CITY therein as an additional insured shall be deemed compliance with the requirements for the insurance coverage provided in any such blanket policy. PROJECT shall provide copies of each of the policies required herein to the City no later than the fifteenth (15') day after said policies are issued. A„ y5tment,mo„ Losses. Any loss under any such insurance policy required under this Article shall be 6.6. wmmd'u, ,f Loss,,,,, made payable to PROJECT for the benefit of PROJECT and CITY, to the end that PROJECT shall be entitled to collect all money due under such policies payable in the event of and by reason of the loss of or damage to the Theater Premises, to be applied as described below. Any accumulation of interest on the insurance proceeds collected by PROJECT shall be added to, and become a part of, the fund being held by PROJECT for the benefit of CITY and PROJECT. The adjustment of losses with the insurer shall be made by PROJECT. 6.7. Application of_Proceeds.of PrpJ,)p!� Insurance. All proceeds payable pursuant to the provision of any policies of property insurance required to be carried under the terms of this LEASE (net of reasonable expenses of collection) shall be applied for the following purposes: (a) All such net proceeds shall first be used, subject to any other terms and conditions contained in this LEASE, as a fund for the rebuilding, restoration, and repair of the portion of the Leased Premises which become destroyed or damaged and for which such proceeds are payable; and (b) Following completion of all work under subsection (a) above, any proceeds not disbursed pursuant to subsection (a) above shall be deposited to the capital reserve account described in Section 5.2 herein above. 6.8 Indemnification. PROJECT does hereby agree to release, indemnify, and hold CITY and its officers and employees harmless from and against any and all demands, debts, liabilities, suits, claims, and causes of action of every kind and character whatsoever including but not limited to demands, debts, liabilities, suits, claims and causes of action for damage or injury (including death) to persons and/or property occurring on the Leased Premises and resulting from PROJECT'S invitees, guests, agents, servants, or employees' presence upon, use, occupancy or enjoyment of the Theater and/or from PROJECT's business dealings, of whatsoever character, with third parties. CITY shall not be liable to PROJECT invitees, guests, agents, servants, employees, or visitors due to the improvements located thereon, or hereafter constructed, or any other condition of the Theater facilities being improperly constructed, maintained, or being or becoming out of repair. PROJECT hereby waives any defects on the Theater facilities and agrees to hold and save City harmless from all claims for any such damages or injuries. This indemnification by PROJECT includes, but is not limited to, any and all expenses whatsoever reasonably incaar►•ed in izrvesduating, preparing or del€ndbig sa ainst any litigation commenced or threatened or any claim whatsoever, including;, but not limited to, sattorneys' fees. 8 ARTICLE 7. Assignment and Subletting 7.1. As sgilm„ent. During the Term, PROJECT shall continuously operate the Theater and shall not sell, convey or assign any of the leasehold estate created hereby without the express written consent of CITY; provided, however, PROJECT may, with the consent of CITY, assign or transfer this LEASE, or any interest herein to a financially qualified third party subject to the reasonable approval of City. Upon any such assignment, the assignee shall execute and deliver to CITY a Written Assumption in a form and substance reasonably satisfactory to CITY of all of the obligations of PROJECT pertaining to the Grand Theater and accruing under this LEASE after such assignment. Upon the CITY's acceptance of such assignment, the PROJECT shall be released from all terms and conditions of this LEASE. Notwithstanding the foregoing, CITY is prohibited by law from leasing real property to any group, organization, person, or business entity with ties to the governments of China, Russia, Iran, and/or North Korea and will not pen -nit an assignment or sublease to any group, organization, person, or business entity with ties to those countries. 7.2. Subletting. Subject to the limitation set forth in Section 7. 1, PROJECT shall have the right at any time, to sublease or otherwise assign the rights of use to concessions, retail areas, restaurants and other portions, but not all, of the Leased Premises incident to the full use and operation thereof as and on such terms PROJECT shall desire, provided that nothing in any such sublease shall discharge PROJECT from any of the terms and condition of this Lease Agreement. No Sub -lessee shall have any right to sublease or otherwise assign or encumber its interest in the Leased Premises. 7.3. General ,Provisions. PROJECT shall, in connection with any assignment or sublease, provide notice to CITY of the name and address of any assignee or Sub -lessee, together with a complete copy of the assignment agreement or sublease. ARTICLE S. Default of PROJECT 8.1. Default and remedies. PROJECT shall be in default if any of the following events shall occur: (a) any breach by PROJECT of any covenant of PROJECT under this Management LEASE which has not been cured within thirty (30) days from and after the date notice of such breach is given by CITY to PROJECT; provided, however, no Event of Default shall exist if PROJECT shall have commenced to remove or to cure such breach and shall be proceeding with reasonable diligence to completely remove or cure such breach (provided such breach must be cured within one hundred twenty (120) days after such notice); (b) the making of any general assignment for the benefit of creditors by PROJECT; (c) the filing of a voluntary petition in bankruptcy or a voluntary petition for an arrangement or reorganization under the United States Federal Bankruptcy Act (or similar statute or law of any foreign jurisdiction) by PROJECT; (d) the appointment of a receiver or trustee for all or substantially all of PROJECT's interest in the Theater Premises or its leasehold estate hereunder if not removed with one hundred twenty (120) days; (e) the entry of a final judgment, order or decree of a court of competent jurisdiction adjudicating PROJECT to be bankrupt, and the expiration without appeal of the period, if any, allowed by applicable law in which to appeal therefrom; or (f) the loss of forfeiture by PROJECT of its 501(c)(3) non-profit corporation status. 9 8.2. Remedies available. Upon the occurrence and during the continuance of an Event of Default, CITY shall have all remedies available at law or in equity, including, without limitation, termination, injunction and specific performance. 8.3. Waiver. All remedies of CITY under this LEASE shall be cumulative, and the failure to assert any remedy or the granting of any waiver by City of any event of default by PROJECT of the terms, covenants, conditions, or provisions of the LEASE shall not be deemed to be a waiver of any other breach of the same or other term, covenant, condition, or provision of this LEASE terminated for any of the reasons set out above and shall not bar the right of City to subsequently terminate this Management LEASE for any of the reasons set out above. 8.4. Defeasance. Should PROJECT cease to exist, the Theater facility, including all improvements made by PROJECT, shall revert back to control of CITY. ARTICLE 9. Default of CITY 9.1 De,._fault_and remedies. In the event of any breach by CITY of any covenant of CITY under this LEASE, PROJECT shall have the right to deliver to CITY a written notice specifying such breach or non-payment, and unless within thirty (30) days from and after the date of delivery of such notice CITY shall have commenced to remove or to cure such breach or occurrence and has commenced with reasonable diligence to completely remove or cure such breach or occurrence (provided such breach or occurrence must be cured within one hundred twenty (120) days after such notice), then PROJECT shall have all remedies available at law or in equity, including, without limitation, termination, injunction and specific performance. All remedies of PROJECT under this LEASE shall be cumulative, and the failure to assert any remedy or the granting of any waiver of any event of default shall not be deemed to be a waiver of such remedy or any subsequent event of default. ARTICLE 10. Condemnation 10.1. Definitions. Whenever used in this Article, the following words shall have the definitions and , meanings hereinafter set forth: "Condemnation Proceeding": Any action brought for the purpose of any taking of the Theater, or any part thereof or of any property interest therein (including, without limitation, the right to the temporary use of all or any portion of the Theater), by competent authority as a result of the exercise of the power of eminent domain, including a voluntary sale to such authority either under threat of condemnation or while such action or proceeding is pending. "Taking or Taken": The event and date of vesting of title to the Theater or any part thereof or any property interest therein (including, without limitation, the right to the temporary use of all or any portion of the Leased Premises), pursuant to a Condemnation Proceeding. 10.2. Efforts to Prevent Taking. CITY shall use its best efforts to cause all other competent authorities with „ the power of eminent domain to refrain from instituting any Condemnation Proceedings or exercising any 10 other powers of eminent domain with respect to the Leased Premises, or any part thereof or any interest therein, during the Term of this LEASE. 10.3. Entire Takina. If all or substantially all of the Leased Premises shall be Taken in Condemnation Proceedings, from and after the date of such Taking, PROJECT and CITY shall not have any other obligations under this LEASE with respect to the Leased Premises, except for those obligations which expressly survive the termination hereof. 10.4. Partial, Taking. (a) If less than all of the Theater shall be Taken in any Condemnation Proceeding, from and after the date of such partial Taking, PROJECT and CITY shall not have any other obligations under this LEASE with respect to the portion of the Theater that has been Taken, except for those obligations which expressly survive the termination hereof. (b) If, following such Taking, PROJECT determines that the remaining leased area is insufficient to operate a Theater as intended by the Parties hereto, then PROJECT, at its election, may vacate the Theater, and from and after such date PROJECT and CITY shall not have any other obligations under this LEASE with respect to the Leased Premises, except for those obligations which expressly survive the tennination hereof. Such election to vacate must be exercised no later than ninety (90) days after the date of such Taking. (c) If PROJECT does not vacate the Theater upon any partial Taking, then the Leased Premises shall be reduced by the portion thereof taken in the Condemnation Proceedings, and PROJECT shall commence and proceed to repair or reconstruct the remaining Improvements on the Theater, if any; provided, however, PROJECT's obligation to so repair or reconstruct the remaining Improvements shall be limited to the proceeds of the condemnation award actually awarded to and received by PROJECT. 10.5. Condemnation Award. Any condemnation award shall be divided between CITY and PROJECT in accordance with the relative amounts expended by each Party for capital costs pertaining to the Leased Premises. CITY shall deliver to PROJECT that portion of any condemnation award that CITY may receive to which PROJECT is entitled as provided in this Section. 10.6. S.,ett,le.,m,en,tof.Pro.c,,e,edi.nti.. CITY shall not make any settlement with the condemning authority in any Condemnation Proceedings nor convey or agree to convey the whole or any portion of the Leased Premises to such authority in lieu of condemnation without first obtaining the written consent of PROJECT. ARTICLE 11. Representations, Warranties and Special Covenants 11.1. CITY's RgIatpwntations, Warrant'es,&Special. Covenants. CITY hereby represents, warrants, and covenants as follows: (a) Existence. CITY is a home rule municipal corporation of the State of Texas duly incorporated and currently existing pursuant to the constitution and laws of the State of Texas, including the Texas Local Government Code and Texas Government Code, 11 (b) Authori . CITY has all requisite power and authority to own the Grand Theater, to execute, deliver and perform its obligations under this LEASE and to consummate the transactions herein contemplated and, by proper action in accordance with all applicable law, has duly authorized the execution and delivery of this LEASE, the performance of its obligations under this LEASE, and the consummation of the transactions herein contemplated. (c) Binding Obligation. This LEASE is a valid and binding obligation of CITY and is enforceable against CITY in accordance with its terms. (d) Consents. No permission, approval or consent by third parties or any other governmental authorities is required in order for CITY to enter into this LEASE, make the agreements herein contained or perform the obligations of CITY hereunder other than those which have been obtained. (e) Quiet,,,,,Enjoyme,nt. During the Term of this LEASE and subject to the terms of this LEASE, PROJECT shall have the quiet enjoyment and peaceable possession of the Leased Premises against hindrance or disturbance by CITY or any person or entity acting by, through or under CITY. (f) Proceedings. There are no actions, suits or proceedings pending or, to the reasonable best knowledge of CITY, threatened or asserted against CITY affecting CITY or any portion of the Leased Premises, at law or at equity or before or by any federal, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign. (g) Im,119„sitions. CITY has not received any notice of any condemnation actions, special assignments or increases in the assessed valuation of taxes or any Impositions of any nature which are pending or being contemplated with respect to the Leased Premises or any portion thereof. (h) Compliance with Laws. CITY has not received any notice of any violation of any ordinance, regulation, law or statute of any governmental agency pertaining to the Theater or any portion thereof. (i) Encumbrances. CITY has fee simple title to the Grand Theater, Improvements and Related Infrastructure which are subject to no liens or security interests, and CITY has not placed or granted any liens or security interests against the Leased Premises. There are no actions pending, to the knowledge of CITY, which would result in the creation of any lien on any portion of the Leased Premises, including, without limitation, water, sewage, street paving, electrical or power improvements which give rise to any lien, completed or in progress. CITY shall not grant any liens or security interest on all or any portion of the Theater other than encumbrances which will not affect PROJECT's use or enjoyment of the property. 12 0) Limitations. Except as otherwise expressly provided herein, this LEASE is made by CITY without representation or warranty of any kind, either express or implied, as to the condition of the Grand Theater, its merchantability, its condition or its fitness for PROJECT's intended use or for any particular purpose. 11.2. PROJECT's_Reoresentations Warranties„and Special„Covenants. (a) Existence. PROJECT is duly organized and validly existing under the laws of, and is authorized to do business in, the State of Texas. (b) PROJECT covenants and agrees it is an independent Project and not an officer, agent, servant or employee of CITY; that PROJECT shall have exclusive right and authority to control services to be performed hereunder and all persons performing same, and shall be responsible for the acts and omissions of its officers, agents, employees, contractors, subcontractors, and consultants; and that nothing contained herein shall be construed as creating a partnership or joint enterprise between PROJECT and CITY for the purpose of this Agreement and shall, in no manner, incur expense or liability on behalf of CITY. (c) Authori„l. PROJECT has all requisite power and authority to own its property, operate its business, enter into this LEASE and consummate the transactions herein contemplated, and by proper action has duly authorized the execution and delivery of this LEASE and the consummation of the transactions herein contemplated. (d) Din din&Obligation. This LEASE is a valid and binding obligation of PROJECT and is enforceable against PROJECT in accordance with its terms. (e) Consents. No permission, approval or consent by third parties or any other governmental authorities is required in order for PROJECT to enter into this LEASE, make the agreements herein contained, or perform the obligations of PROJECT hereunder other than those which have been obtained. (f) As -Is. Except as provided for above, PROJECT accepts the leasehold interest in the Theater granted by this LEASE on an "as -is” basis with all faults. (g)No Iran, . . Pursuant to Texas Senate Bill 17 (Eff. No Connections to China i or NorthKorea. Date 9/1/2025), Project warrants that neither it nor any member of its board of directors have ties to the governments of China, Russia, Iran, or North Korea, nor to any company or corporation, or to any citizens of those countries. ARTICLE 12. Miscellaneous 12.1. Inspection. PROJECT shall permit CITY and its agents, upon no less than twenty-four (24) hours' prior notice, to enter into and upon the Leased Premises during normal business hours for the purpose of inspecting the same on the condition that PROJECT's and PROJECT's tenants' and invitees' quiet 13 enjoyment of the same is not interfered with; provided, however, that all customary or required governmental function inspections shall not require consent or notice as provided in this Article. 12.2. Estoppel Certificates. PROJECT and CITY shall, at any time and from time to time upon not less than ten (10) days' prior written request by the other Party, execute, acknowledge and deliver to CITY or PROJECT, as the case may be, a statement in writing certifying (a) its ownership of the interest of CITY or PROJECT hereunder, as the case may be, (b) that this LEASE is unmodified and in full force and effect (or if there have been any modifications, that the same is in full force and effect as modified and stating the modifications), and (c) that, to the best knowledge of CITY or PROJECT, as the case may be, no default hereunder on the part of the other Party exists (except that if any such default does exist, the certifying Party shall specify such default.) 12.3. Release. If requested by CITY, PROJECT shall, upon termination of this LEASE, execute and deliver to CITY an appropriate release, in a forin proper for recording, of all PROJECT's interest in the Theater, and upon request of PROJECT, CITY will execute and deliver a written cancellation and termination of this LEASE and release of all claims (if none are then outstanding) in a proper form for recording to the extent such release is appropriate under the provisions hereof. 12.4. CITY's RighttQjRprfarm PROJECT's Covenants. If PROJECT shall fail in the performance of any of its covenants, obligations or agreements contained in this LEASE, and Such failure shall continue without PROJECT curing or commencing to cure Such failure within all applicable grace and/or notice and cure periods, CITY after ten (10) days' additional written notice to PROJECT specifying such failure (or shorter notice if imminent danger to the safety of persons or of substantial damage to property exists) may (but without any obligation to do so) perform the same for the account and at the expense of PROJECT, and the amount of any payment made or other reasonable expenses (including reasonable attorneys' fees incurred by CITY for curing such default), with interest thereon at the rate of twelve percent (12%) per annum or the highest rate then allowed by law, shall be payable by PROJECT to CITY on demand, or, if not so paid, shall be treated at CITY's option as a monetary default hereunder pursuant to and subject to all of provisions herein. 12.5. Notices. All notices, demands, payments and other communications required to be given or made hereunder shall be in writing and shall be duly given if delivered by hand, messenger, telecopy or reputable overnight courier or if mailed by certified or registered mail, first class postage prepaid, and shall be effectively received upon the date of such delivery or two (2) days after Such mailing, to the respective parties hereto at the addresses set forth below, or to such other address furnished in writing to the other party hereto. If to PROJECT: President Paris Grand Theater Project P. O. Box 1934 35 South Plaza Paris, TX 75461-1934 14 If to CITY: City Manager City of Paris P. O. Box 9037 Paris, TX 75461-9037 12.6. Successors and Assigns. Except as expressly provided herein, this LEASE may not be assigned 111-, without the prior written consent of the other Party hereto. Subject to the foregoing, this LEASE shall be binding upon and shall inure to the benefit of the parties and their permitted successors and assigns. 12.7. Amendment'.. Except as expressly provided herein, neither this LEASE nor any term hereof may be .,., amended, modified, altered, waived, discharged or terminated, except by a written instrument dated subsequent to the date of this LEASE, and duly executed by the parties to this LEASE. 12.8. Headings„and Subheadings. The headings of the articles, sections, paragraphs and subparagraphs of this LEASE are for convenience or reference only and in no way define, limit, extend or describe the scope of this LEASE or the intent of any provisions hereof. 12.9. Unavoidable Default and _Delays. After the date of execution of this LEASE, the time within which any party to this LEASE shall be required to perform any act under this LEASE shall be extended by a period of time equal to the number of days during which performance of such act is delayed by casualty, damage, strikes or lockouts, acts of God, governmental restrictions, failure or inability to secure materials or labor, reason of priority or similar regulations or order of any governmental or regulatory body, enemy action, civil disturbance, fire, unavoidable casualties or any other cause beyond the reasonable control of the party seeking the extension. The provisions of this section shall not operate to excuse either Party from prompt payment of any payments required by the terms of this LEASE. 12.10. Sev- erab,ilily. In the event one or more of the terms or provisions contained in this LEASE shall, to any extent or for any reason, be held by a court of competent jurisdiction to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of the Agreement, and this Agreement shall be construed as if the invalid, illegal, or unenforceable provision had never been included in the Agreement. 12.11. Governing Law. This LEASE shall be governed by, and construed and enforced in accordance with the laws of the United States applicable thereto and the laws of the state of Texas applicable to a LEASE executed, delivered, and performed in such state, without regard to any otherwise applicable principles of conflicts of law. 12.12. Venue for Actions. The venue for any legal action arising out of this LEASE shall lie exclusively in Lamar County, Texas. 12.13 Attorneys' Fees. Should either Party to this LEASE engage the services of attorneys or institute legal proceedings to enforce its rights or remedies under this LEASE, the prevailing Party to such dispute or proceedings shall be entitled to recover its reasonable attorneys' fees, court costs, and similar costs incurred 15 in connection with the resolution of such dispute or the institution, prosecution, or defense in such proceedings from the other Party. 12.14. Relationshijb of Parties. Nothing contained herein shall be deemed or construed by the Parties hereto or by any third party as creating the relationship of principal and agent, partnership, joint venture, or any association between the Parties hereto, it being understood and agreed that none of the provisions contained herein or any acts of the Parties in the performance of their respective obligations hereunder shall be deemed to create any relationship between the Parties hereto other than the relationship of Lessor and Lessee. It is understood and agreed that this LEASE does not create a joint enterprise, nor does it appoint either Party as an agent of the other for any purpose whatsoever. Neither Party shall in any way assume any of the liability of the other for acts of the other or obligations of the other. Each Party shall be responsible for any and all suits, demands, costs, or actions proximately resulting from its own individual acts or omissions. 12.15 Lessor's Lien Waiver. CITY hereby waives all landlord's liens that CITY might hold, statutory or otherwise, to any of PROJECT's (or any Sub -lessee's) inventory, trade fixtures, equipment or other personal property now or hereafter placed on the Leased Premises. 12.16. Non,, -Waiver. No Party shall have or be deemed to have waived any default under this LEASE by the other Party unless such waiver is embodied in a document signed by the waiving Party that describes the default that is being waived. Further, no Party shall be deemed to have waived its rights to pursue any remedies under this LEASE, unless such waiver is embodied in a document signed by such Party that describes any such remedy that is being waived. 12.17 Obligations to,Defend Validity of Agreement. If litigation is filed by a third party against PROJECT or CITY in an effort to enjoin either Party's perfonnance of this LEASE, the Parties hereto who are named as parties in such action shall use reasonable efforts to support and defend the validity and enforceability of this LEASE. Either Party may intervene in any such matter in which the other Party hereto has been named as a defendant. Each Party shall be responsible for its attorneys' fees and costs of litigation except as set forth in the indemnification contained in Article 6 hereinabove. 12.18. Survival. Covenants in this LEASE providing for performance after termination of this LEASE shall survive the termination of this LEASE. 12.19. Eutire.wA,greement. This LEASE (including the Exhibits attached hereto and incorporated herein, if any) and the other documents delivered pursuant to this LEASE or referenced herein constitute the full and entire understanding and agreement between the Parties with regard to the subject matter hereof, and supersedes any prior understandings or written or oral agreements between the parties respecting the subject matter of this Agreement. However, this Agreement may be executed in duplicate originals, and each shall be considered an original document. 12.20. Counterparts. This LEASE may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one and the same instrument. 12.21 Waiver of Conse_cluential Damages. Notwithstanding anything in this LEASE, to the contrary, CITY hereby waives any consequential damages, compensation or claims for inconvenience, loss of business, 16 rents or profits as a result of any injury or damage, whether or not caused by the willful or wrongful act of PROJECT or its representatives, agents or employees. Anything to the contrary in this LEASE notwithstanding, PROJECT hereby waives any consequential damages, compensation or claims for inconvenience, loss of business, rents or profits as a result of any injury or damage, whether or not caused by the willful or wrongful act of CITY or its representatives, agents or employees. 1.2.22 Memorandum of LEASE_ Agreement. Upon either party's request, the other party shall execute and allow such party to record in Lamar County, Texas a Memorandum of LEASE Agreement with respect to this LEASE. In the event such a memorandum is recorded, the parties agree that upon a termination of this LEASE, the parties shall execute and record a termination of such Memorandum of LEASE Agreement. 12.23 MANDATORY ANTIBOYCOTT AND _. PROVISIONS.. Project acknowledges this Agreement may be terminated and payment withheld if this certification is inaccurate. Pursuant to Section 2271.002 of the Texas Government Code, Project certifies that either (i) it meets an exemption criterion under Section 2271.002; or (ii) it does not boycott Israel and will not boycott Israel during the term of the Agreement. Project acknowledges this Agreement may be terminated and payment withheld if this certification is inaccurate. Pursuant to SB 13, 87`' Texas Legislature, Project certifies that either (i) it meets an exemption criterion under SB 13, 87'x' Texas Legislature; or (ii) it does not boycott energy companies, as defined in Section 1 of SB 13, 87r' Texas Legislature, and will not boycott energy companies during the term of the Agreement. Project acknowledges this Agreement may be terminated and payment withheld if this certification is inaccurate. Pursuant to SB 19, 87`x' Texas Legislature, Project certifies that either (i) it meets an exemption criterion under SB 19, 87`x' Texas Legislature, or (ii) it does not discriminate against a firearm entity or firearm trade association, as defined in Section I of SB 19, 87'x' Texas Legislature, and will not discriminate against a firearm entity or firearm trade association during the term of this Agreement. Project acknowledges this Agreement may be terminated and payment withheld if this certification is inaccurate. Pursuant to Subchapter F, Chapter 2252, Texas Government Code, Project certifies that Project is not engaged in business with Iran, Sudan, or a foreign terrorist organization. Project acknowledges this Agreement may be terminated and payment withheld if this certification is inaccurate. ARTICLE 13. Extensions of the Term 13.1. Extensions. PROJECT, at its option, may extend the Term for two (2) successive five (5) -year periods by delivering to CITY a written notice of extension not later than one hundred eighty (180) days prior to the end of the Term or any then effective five (5) -year extension of the Term, as the case may be. During any extension of the Term as provided above, the rights and obligations of CITY and PROJECT under this LEASE shall continue throughout such extension period except that (i) the "Tenn" as used in this LEASE shall be extended to include such applicable extension period and (ii) the Base Rent charged to PROJECT during such period shall be a total of $10 per year. To the extent permitted by state law, at the end of the primary LEASE term and all its options, PROJECT will have the option to purchase the Theater at its then fair market value. IN WITNESS WHEREOF, the parties hereto have executed and delivered this LEASE as of the date and year first set forth above written. 17 ATTEST: By: . __ ____ ... . . . . ...... .......... __.- Janice Ellis, City Secretary APPROVED AS TO FORM: By: . ...... ..... . . . ............ . - ............ -- . ...... — Stephanie H. Harris, City Attorney PARIS GRAND THEATER PROJECT, INC. By: President STATE OF TEXAS COUNTY OF LAMAR CITY OF PARIS, TEXAS By: Mihir Pankaj, Mayor This instrument was acknowledged before me on _ day of January, 2026, by My Commission Expires: 18 Texas Notary Public Item No. 13 Memorandum TO: City Council Rose Beverly, City Manager FROM: Stephanie H. Harris, City Attorney SUBJECT: Statement of intent to continue participating in residential tax abatements within the 5 in 5 Housing Infill Redevelopment Program and readopting guidelines and criteria for same DATE: January 12, 2026 BACKGROUND: On October 14, 2013, the City Council passed Ordinance No. 2013-036 creating Reinvestment Zone No. 2013-1 for residential tax abatements. This reinvestment zone included all areas inside Council districts 1-5. At the same time, Council adopted Resolution No. 2013-23, which adopted guidelines and criteria for such residential tax abatements. On February 9, 2015, Council passed Ordinance No. 2015-002 amending Reinvestment Zone 2013-1 to expand it to include all Council districts in the city and designated the new reinvestment zone as 2015-1. Council has redesignated this reinvestment zone twice since then (per the Texas Tax Code, reinvestment zones expire 5 years after creation), most recently on January 27, 2025 as Reinvestment Zone No. 2025-1. Council created the 5 in 5 Housing Infill Redevelopment Program (the Program) by Resolution No. 2022-003 on January 10, 2022. The Program designated an area (the Program Area) within Reinvestment Zone No. 2020-1 (now known as Reinvestment Zone No. 2025-1) and set forth guidelines and criteria (Guidelines) for the Program which included eligibility standards for residential tax abatements. The Guidelines have been amended several times, most recently on May 12, 2025 in Resolution No. 2025-025. STATUS OF ISSUE: To be eligible to participate in a residential tax abatement program, the city must restate its intention to participate in such a program and adopt guidelines and criteria every two years. From the creation of Reinvestment Zone No. 2013-1 until last year, the City maintained a residential tax abatement program which covered the entire zone, but Council has since repealed that program. In an abundance of caution, and to coordinate the readoption of the Program Guidelines with the readoption of guidelines and criteria for industrial tax abatements, I have drafted the attached resolution which restates Council's intent to participate in tax abatement agreements within the Program Area and readopt the the Program Guidelines. Under the Guidelines, single family homes are eligible for tax abatements of 100% for 5 years; duplexes are eligible for abatements of 100% for 3 years; and multifamily units are eligible for de-escalating abatements of 3 years at 100%/75%/50%. The Council must conduct a public hearing prior to adoption of the resolution. BUDGET: N/A OPTIONS: 1. Approve the attached resolution. 2. Direct staff to make changes to the existing guidelines and criteria and bring back to council at a future meeting. RECOMMENDATION: Conduct a public hearing and approve the resolution readopting criteria and guidelines for residential tax abatements. RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS RE- AUTHORIZING THE CITY TO BECOME ELIGIBLE TO PARTICIPATE IN RESIDENTIAL TAX ABATEMENTS WITHIN THE 5 IN 5 HOUSING INFILL REDEVELOPMENT PROGRAM AND APPROVING GUIDELINES AND CRITERIA FOR SAME; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, Sec. 312.002 of the Texas Tax Code requires local taxing entities to state their intent to participate in abatement agreements and to adopt guidelines and criteria for granting tax abatements; and WHEREAS, after a public hearing on January 10, 2022, the City Council passed Resolution No. 2022-003 stating its intent to establish the 5 in 5 Housing Infill Development Program (hereinafter "the Program"), including such incentives as low cost land sales and residential tax abatements, and adopting guidelines and criteria ("Guidelines") for the Program; and WHEREAS, in Resolution No. 2022-003, City Council designated an area within Reinvestment Zone 2020-1 (the "Program Area") as being eligible for the Program; and WHEREAS, on January 27, 2025, the City Council reauthorized existing Reinvestment Zone 2020-1 and renamed it Reinvestment Zone 2025-1; and WHEREAS, City Council has revised and readopted the Guidelines for the Program several times, the most recently on May 12, 2025 via Resolution No. 2025-025; WHEREAS, pursuant to Texas Tax Code Sec. 312.002(c), guidelines and criteria for tax abatements are effective for two years from the date adopted; and WHEREAS, the City Council conducted a public hearing at its regular meeting on January 12, 2026 as required by law wherein the public was invited to comment on renewing the the City's intent to reauthorize the residential tax abatement program within the Program and to readopt the current Guidelines; and WHEREAS, having considered testimony provided at said public hearing, the City Council continues to desire to participate in the Program Area subject to the Guidelines; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, THAT: Section 1. The findings set out in the preamble to this resolution are hereby in all things approved and are incorporated herein for all purposes. Section 2. The City hereby elects to be eligible to participate in a residential tax abatement program in the Program Area subject to the the Guidelines and Criteria for the 5 in 5 Housing Infill Redevelopment Program for Residential Tax Abatement Program attached hereto and incorporated herein as Exhibit "A" and readopted hereby. Section 3. This resolution shall become effective from and after the date of passage. PASSED AND APPROVED this 12th day of January, 2026. Mihir Pankaj, Mayor ATTEST: Janice Ellis, City Clerk APPROVED AS TO FORM: Stephanie H. Harris, City Attorney Exhibit A �%LA i osMbb PL -INFO -0007 (rev 05/12/25) 5 IN 5 HOUSING INFILL DEVELOPMENT PROGRAM GUIDELINES, CRITERIA & APPLICATION FORM CITY OF PARIS, TEXAS Revised May 12 2025 I. GENERAL PURPOSE AND OBJECTIVES The City of Paris, working with our local government partners, is seeking to provide a series of builder incentives designed to encourage new home construction for the purpose of neighborhood revitalization and the provision of work force housing. New home construction within the existing interior of the community can have a positive effect towards reinvestment in our neighborhoods by providing stability and enhanced character, as well as a means to expand our community's local labor force. Focusing on the existing interior of the City allows the builder to utilize existing infrastructure ratherthan the extension of costly streets and utilities in undeveloped lands at or beyond the urban fringe. The City further seeks to ensure that new construction within the Program Area and undertaken in connection with the Program is consistent with existing housing within the neighborhood in which it is being built so as to provide for a pleasant aesthetic for both current and new residents in the area. To achieve this purpose, the City will offer a series of incentives depending on the type of housing to be constructed (see Section IV herein): 1. The City will provide low cost residential lots in the Program Area in tax foreclosure city receivership to Applicants for the construction of single-family homes. This incentive is available only for the construction of single-family homes. If an Applicant obtains properties through other traditional means within the Program Area, other incentives within this policy may apply. 2. The City will offer three (3) to five (5) year residential tax abatements of City property taxes attributable to constructed improvements depending on housing type and as reflected in Section IV herein. 3. The City will offer reduced rates on building plan review and permit fees as reflected in Section IV herein. 4. The City will offer reduced rates on labor charges on water and sewer tap fees as reflected in Section IV herein. The city staff will work with interested builders to identify parcels from a pool of tax sale lots in trustee status to develop a list of properties that will be suitable for the construction of new dwelling units. This may consist of single-family, two-family, medium density, or high-density residences. Prior to any construction occurring from which the builder is seeking incentives, the Applicant will enter into an Agreement to be approved by the City Council for the new construction of residential dwelling units on one (1) or more parcels. Each of the dwelling units subject to the Agreement must be constructed under the terms of the agreement within five (5) years from the date of the Agreement, unless such deadline is extended by subsequent approval of the City Council or unless the City and Applicant agree to a shorter period of time, which deviation shall be reflected in the Agreement. All parcels under the Agreement must Page 1 of 7 P.(7. P3 174 9037 * PARJ , `r `x`54&1 3 --? * C 3-78 i-7 1Pi * A?S`'9,f 3-7$ - 19 * PARJ5T XAS.CaUV PL -INFO -0007 (rev 05/12/25) be built upon within five (5) years to satisfy the terms of the Agreement. Failure to achieve this goal will result in certain claw backs as provided in the Agreement. All applications shall be considered on a first come, first serve basis, and the City will not maintain a wait list. There will be no income guidelines under this program for occupants of the dwelling units, whether owner or renter occupied. In the event the applicant constructs a new dwelling unit and sells said unit, the tax abatement shall lapse and be terminated as to that parcel unless the City Council approves an assignment of the tax abatement agreement to the new owner. In order to further encourage local development, employment, and enhancement of our economy, to be eligible for incentives in this policy, building materials and fixtures used in the construction of new dwelling units, where possible, must be purchased locally within the City of Paris. II. DEFINITION OF TERMS Act - The Property Redevelopment and Tax Abatement Act, Texas Tax Code Ann. 312.001 et. seq., as amended from time to time. Agreement - A contractual agreement between an applicant and the City of Paris for the purposes of a 5 In 5 Housing Infill Development Program to include an economic development agreement pursuant to Chapter 380 of the Texas Local Government Code and a residential tax abatement agreement pursuant to the Act. An Active Agreement is an Agreement under which the Applicant has not yet completed all the improvements required therein. Applicant - An owner, proposed owner, builder or authorized agent of the owner of eligible property seeking an agreement under this policy. Base Year Value -The assessed value of eligible property on January 1, preceding the date of execution. Eligible Property - Property located in the defined Program Area and Immediately Adjacent thereto, whether foreclosed on due to taxes or not. Also, property located outside the Program Area if foreclosed on due to taxes. Immediately Adjacent Property — Property which lies immediately next to the boundary of the Program Area, including property across a street or intersection or located diagonally therefrom. New Structure - Residential improvements made to a property previously undeveloped or a vacant parcel which is placed into use by means other than by expansion or modernization without full demolition of an existing substandard or condemned structure. Neighborhood Uniformity — Consistency or similarity in the characteristics of homes, properties, and overall design within a specific neighborhood, primarily concerned with maintaining consistency and cohesion in architectural styles within a given street, block or larger area. Program Area - An area depicted in "Exhibit B" of the approved resolution for the 5 In 5 Housing Infill Development Program, which area is wholly within the boundaries of Reinvestment Zone 2020-1 for the purpose of residential tax abatements. Page 2 of 7 %,`",-Y;«?rAI��c;fia�C! Is ,"B'ART1 E X Were Texans ReachH(gher PL -INFO -0007 (rev 05/12/25) Residential Improvements - The construction of new residential structures and all the appurtenances thereto. This term includes single family, duplexes and multi -family structures. Value of Improvements - The appraised value of the Residential Improvements as determined by the Lamar County Appraisal District and as described in the Agreement. III. ELIGIBILITY AND GUIDELINES Real property is determined eligible under this policy as provided in the Definitions. If property is eligible, an Applicant may apply for an Agreement to receive incentives provided for in this policy. For tax foreclosed properties, all taxing jurisdictions shall be required to sign off on the low-cost land sale according to the provisions of State Law prior to transfer of the property to the applicant. Minimum Investment To be eligible for residential tax abatement, an Applicant must construct a new structure or structures on the property parcel(s) identified in an Agreement between the applicant and the City. Limitations: 1. Maximum of 10 dwelling units per agreement. 2. An Applicant with whom the city has entered into an Active Agreement pursuant to which the City has conveyed a low-cost residential lot or lots shall not be eligible to apply for an additional Agreement involving such a conveyance until at least 80% of all structures required under the Active Agreement have been constructed and the City has issued certificates of completion for same. This 80% completion requirement does not apply to Applicants with Active Agreements that do not provide for the City to convey land. If an Active Agreement applies to a mix of privately owned property and the conveyance of trustee parcels, the Applicant must have completed construction on at least 80% of the conveyed parcels to be eligible for a new agreement. 3. Pre -Approved building plans may be accepted. Examples of acceptable architectural styles may be found in Appendix A attached hereto. Applicants are advised to consult the photographs when completing their designs to determine whether a given style is consistent with the homes in the immediate area of any parcel upon which Applicant wishes to build. [Appendix A to be added at a later date.] The City may deny approval to any design, even if consistent with an example in Appendix A, if it is not consistent with structures in the surrounding neighborhood of the particular parcel. 4. No zoning change unless there is a substantial change in neighborhood or compatible with the future land use map. 5. Neighborhood Uniformity— Applicants will submit proposed designs for each dwelling unit sought to be built as part of the Agreement. Such designs must bear Neighborhood Uniformity in mind and must conform in basic architectural style to the existing homes in the area in which the structures are to be built. A design for one neighborhood may not be appropriate for another neighborhood in which the Applicant seeks to build, so a tailoring of designs to individual neighborhoods is required. No flat or or shed -type roof lines will be permitted. Submitted designs are subject to the approval of the City, and once approved, the Applicant/developer/builder/may not deviate from those designs without prior written approval of the City. Page 3 of 7 PL -INFO -0007 (rev 05/12/25) MT. m Where IV. Incentives -The incentives set forth above are available as follows: Incentive Table IncentivesSingle-Family _. Duplex (Multi -Family .............-.......�.�w Low -Cost .,�/ Residential Lots _.. . Tax Abatement ,,,WWWWWW. 5 -year at 100°fo........3-year at 100% 3 -Year Decreasing Year 1: 100% Year 2: 75% WWW Year 3: 50% _ ................Reduced Building rr/100%..�,.._.�ww..__ 100% for sprinkled Plan Review building .,OR - 50% non -sprinkled building Reduced Permit x/100% ....ww..._ �.. X100% for sprinkled V25% Fees building -OR- 50% non -sprinkled building Reduced rates on . .......... x/25% 25% V25% Water/Sewer tap fees Low -Cost Sale of Foreclosed Properties -As part of their agreement, an Applicant may choose to purchase eligible properties that are in a state of tax foreclosure. These properties are available on a strictly first come, first serve basis and the City makes no warranty on having available properties for this incentive, nor will it maintain any type of waiting list for available properties. The City will work with the Lamar County, Paris Independent School District, and Paris Junior College to seek a low-cost sale of the foreclosed property, but the City can only guarantee a low cost of its share. As noted herein, the City will only convey such properties for the construction of single-family homes. Tax Abatement - An Applicant who has satisfied all the criteria and guidelines for the low-cost property sale and residential tax abatement as set out herein, will be eligible for a tax abatement on each parcel on which a dwelling unit or units are constructed and completed in accordance with the foregoing table. Page 4 of 7 Is .'99�KTEXAS Where lexans Readi H�gher MRMNi## #�� The abatement will become effective on January Ist of the year following issuance of a Certificate of Completion following final construction inspection. As provided in the Act, a tax abatement may only be granted for the value of the Residential Improvements which exceed the base year value of the property and which are listed in an Agreement between the City of Paris and the applicant, subject to such limitations as the City of Paris may require. The base value will be set as of January Ist of the year in which the Agreement is executed. Upon completion of construction, the Applicant shall provide a copy of all within the City of Paris when possible. The tax abatement is available only for improvements made after the execution of the Agreement. The Agreement may not be approved by the City Council until at least thirty (30) days after notice of the consideration and possible action on the Agreement has been posted. Fats fxr ByRfing Plain Raview-a-mv--Permu - --A.��#i:eeA&Abiretycelfr?tes-ffir building plan review and permit fees as referenced in the Incentive Table. Reduced Fees for Water & Sewer Tap Labor - The Applicant will be entitled to reduced rates for wat -dtrd-'dVf Table for all new dwelling units under agreement with the City. Claw Back Provision - The Applicant who enters into an Agreement with the City of Paris shall constru,M V aa-tc Agreement, or a within a shorter time if agreed to by the parties and reflected in the Agreement, or t City shall have the right to automatically take back any undeveloped parcel under the terms of t i trwr4prof t4,p WIX all t2 i recorded with or as a nart I, Y IT MeMOMMY-71-V - - I•I the property. The Applicant may request approval of an extension for such failure to construct a ne he Citv Couni under a subsequent revised agreement. Parcels under the agreement cannot be sold or assigned another individual except by prior approval and re -assignment of the parcel(s) and approval of a ne agreement by the City Council. Failure to meet the requirements of constructing the agreed upon ne dwelling -units within the required period will result in a reversion of all parcels upon which Residentil ineligible to participate in this program in the future. As a further claw back provision, and in accordance with Texas Tax Code Sec. 312.205, the Agreement shall provide for recapturing property tax revenue lost as a result of the agreement if the owner of the many dwelling units applicant builds. Compliance with all other City Requirements - The Applicant shall be fully responsible for compliance with all zoning, subdivision platting, and building code requirements as may specifically pertain to the q4 %.?P A, J*"%1_4gt;aW w.1Wt_f o _r7ALiw_h_ikMW which may include, but not be limited to: Zoning Changes, Special Use Permits, Variances, Platting and wiurveying Costs, Plan Preparation, and Building Permit Fees. ............ ....... ... � �71§ 7$ . ..... ... ... ... '""Is 'TEXAS Where 7bmins Reach Higher e V. APPLICATION PROCEDURES PL -INFO -0007 (rev 05/12/25) Applications for an Agreement with the City shall be reviewed for completeness. Incomplete Applications shall not be processed. City Staff shall determine whether the application satisfies guidelines and criteria, and Staff may request additional information or documents from Applicant. City Staff will make final recommendations on each application to the City Council. Any Applicant desiring approval of an Agreement shall comply with the following procedural guidelines. All applications shall be evaluated on their own merits within the parameters of these Guidelines and Criteria. 1. Preliminary Application Steps A. Applicant shall work with City Staff to identify eligible City Trustee or other parcels within the defined geographic area. City Staff will provide a list and corresponding map from which City Trustee parcels may be reviewed. B. For applications seeking the conveyance of one or more low-cost Trustee parcels, the Applicant shall attach a notarized/verified pre -approval letter or other notarized verification from Applicant's financial institution stating that the Applicant will have financial capital available to complete all new dwelling unit construction under the Agreement with the City. Such verification of financial capability shall be on the letterhead of the financial institution and will be reviewed over the course of the Agreement. Applications subject to this subsection B submitted while the Applicant already has an Active Agreement in place, regardless of whether the Active Agreement involves the conveyance of low-cost Trustee properties, shall include verification that Applicant has the financial ability to complete the construction required under both the Active Agreement and the proposed new Agreement. C. A complete legal description shall be provided with a copy of the current deed of the land, unless the parcel(s) are being transferred by deed without warranty by the City of Paris. D. Applicant shall complete all forms and information detailed above and submit all forms to the City of Paris Director of Planning and Community Development. 2. All information in the application package detailed above will be reviewed for completeness and accuracy. Additional information may be requested as needed. If necessary, applicant will meet with City staff to discuss details of the application and to prepare presentation of the application to the City Council. 3. The application shall designate whether the dwelling(s) to be constructed are to be retained for ownership or sold to another owner upon completion of construction. The applicant shall also provide an estimate of the value of improvements.. 4. If an application for the 5 In 5 Housing Infill Development Agreement is to be recommended for approval by staff, then an Agreement as defined herein with the City of Paris will be prepared by the City Attorney for approval by the City Council. 5. If the Applicant's property is not found to be eligible, the application will be rejected. 6. The City Council reserves the right to amend these policies and guidelines as needed. Page 6 of 7 V1. LEGAL DOCUMENTATION PREPARATION PL -INFO -0007 (rev 05/12/25) The Director ofPlanning and Community Development and the City Attorney will he responsible for drafting the required Agreement in accordance with state law and this Policy. The legal document will include the following: 1. Estimated value #fnew structure or residential improvements to be constructed. 2. Total amount of value to be abated depending on the terms of the Agreement. 3. Effective date and the termination date ofabatement. 4. Description of the Residential Improvements, schedule of completion, property description, all required City approval requirements and a platted lot site plan orsketch ofthe parceKsJto be platted and developed. 5. Applicant agrees to make the new structure or residential improvements available for inspection 6y City ofParis, orits authorized representatives, and Lamar County Appraisal District (LCAD)du[ing construction and upon completion 0fthe project. 6. Contractual obligations in the event of default, violation of terms or conditions, delinquent taxes, recapture and administration. 7. A signed and notarized statement as an attachment to the application agreeing to construct the new five (5) dwelling units on one (1) or more parcels within five (S)years from the date ofCity Council approval of an Agreement, unless extended by the City Council, or consenting to a||ovv the City to automatically take back the parcel(s) under the initial terms of an approved agreement. Page 7 of 7 memorandum TO: City Council Rose Beverly, City Manager FROM: Stephanie H. Harris, City Attorney SUBJECT: Re -adoption of Industrial Tax Abatement Policy DATE: January 12, 2026 Item No. 14 BACKGROUND: Municipalities that offer ad valorem tax abatements are required to declare their intent to participate in ad valorem tax abatement agreements and to adopt and maintain a tax abatement policy. The guidelines and criteria in the policy may be very broad, or very specific and detailed like the one used in Paris. Pursuant to Chapter 312 of the Texas Tax Code, such policies must be readopted every two years. STATUS OF ISSUE: The current policy was approved in January 2024 for a period of two years, so Council needs to re -adopted it in order to be able to continue to participate in a tax abatement program. A change in the law since 2018 requires that council conduct a public hearing prior to re -adoption. BUDGET: NA RECOMMENDATION: Conduct a public hearing and adopt a resolution restating the city's intent to participate in property tax abatement agreements and re -adopting existing guidelines. RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS AUTHORIZING THE CITY TO BE ELIGIBLE TO PARTICIPATE IN PROPERTY TAX ABATEMENTS AND APPROVING GUIDELINES AND CRITERIA FOR GRANTING TAX ABATEMENTS IN THE CITY OF PARIS, TEXAS; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, Section 312.002 of the Texas Tax Code requires local taxing units to state every two years their intent to participate in property tax abatement agreements, and to adopt guidelines and criteria for granting tax abatements, and to conduct a public hearing prior to said authorization and adoption; and WHEREAS, the City Council last adopted Criteria and Guidelines for Tax Abatement on January 10, 2022; and WHEREAS, on January 12, 2026, the City Council conducted a public hearing as required by law; and WHEREAS, after considering public comment, if any, at said public hearing, the City Council of the City of Paris, Texas hereby reaffirms its intent to be eligible to participate in property tax abatements in accordance with Chapter 312 of the Texas Tax Code and to adopt the Guidelines and Criteria for Tax Abatement attached hereto and incorporated herein as Exhibit A: and WHEREAS, the City Council elects to readopt the Guidelines and Criteria for Tax Abatement adopted on January 8, 2024 without amendment; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, THAT: Section 1. The findings set out in the preamble to this resolution are hereby in all things approved and are incorporated herein by reference for all purposes. Section 2. The City hereby elects to be eligible to participate in a property tax abatement program and approves and adopts the Guidelines and Criteria for Tax Abatement attached hereto and incorporated herein as Exhibit A. Section 3. This resolution shall become effective from and after the date of passage. PASSED AND APPROVED this 12th day of January, 2026. Mihir Pankaj, Mayor ATTEST: Janice Ellis, City Clerk APPROVED AT TO FORM: Stephanie H. Harris, City Attorney Exhibit A (Updated 01-12-2026) POLICY STATEMENT CRITERIA AND GUIDELINES FOR TAX ABATEMENT I. General Purpose and Objectives. The City of Paris (City) and Lamar County Government (County) (collectively, herein called the "Taxing Jurisdictions") are committed to enhancing the competitiveness and expansion potential of local industry; to attracting and encouraging new manufacturing industry and investment; to improving the City of Paris, Lamar County and its infrastructure, which attracts and supports development; and, to expanding the tax base, employment opportunities, and the overall quality of life for its citizens. Therefore, the governing bodies of the Taxing Jurisdictions will give consideration, on a case-by-case basis, to providing tax abatements to the owners of real and personal property for projects that stimulate economic growth and diversification in the geographic areas served by the Taxing Jurisdictions, according to state law and consistent with these policies, criteria and guidelines. Tax abatements may be made available to industrial, manufacturing, distribution, service facilities, or any "primary jobs" creating industry as defined by the Economic Development Act of the State of Texas. The facility must be currently in, or locating in the areas served by the Taxing Jurisdictions, and located in a designated Enterprise Zone or Reinvestment Zone. New facilities and structures as well as the expansion and modernization of existing facilities and structures, will be considered. Evaluation of a tax abatement request will be based on the information provided in the tax abatement application. However, the City of Paris and Lamar County are under no obligation to provide tax abatements to any applicant. The Paris City Council acts as the lead entity for projects located in the City limits. The Lamar County Board of Commissioners acts as the lead entity for projects in Lamar County, which are located outside of the City limits. All governing bodies of the Taxing Jurisdictions have adopted like policies, criteria and guidelines and will consider tax abatement requests that qualify thereunder. II. Definitions. Definitions are provided as an Appendix A. III. Designation of a Reinvestment Zone. For any facility located within the area served by the Taxing Jurisdictions to be eligible for tax abatement it must meet the criteria for designation as a tax abatement reinvestment zone as set forth in the Property Redevelopment and Tax Abatement Act, Texas Tax Code Chapter 312. The City or County may designate an area as a reinvestment zone in accordance with the criteria and procedural requirements set forth in the Property Redevelopment &z Tax Abatement Act, as amended (Texas Tax Code Sec. 312.401 (b)). Pursuant to Texas Tax Code Sec. 312.2011, designation of an area as an enterprise zone under Chapter 2303 of the Texas Government Code constitutes designation of the area as a reinvestment zone without further hearing or procedural requirements other than those provided under said Chapter 2303. IV. Tax Abatement Authorized. The Taxing Jurisdictions, through their elected governing bodies, may agree in writing with the owner and/or lessee of taxable real and/or personal property that is located in a reinvestment zone, but that is not in an improvement project financed by tax increment bonds, to exempt from taxation 1 (Updated 01-12-2026) POLICY STATEMENT CRITERIA AND GUIDELINES FOR TAX ABATEMENT KIN $14111 it Itl) Igo] a I I Nalro-1 t I RKIJ Ito Mor -r -i a 0 IMMIR GLUM WIT'i INKIM a rly W Mig LIM INP -M VAL-9i INNI Dy law. 3tiullagiculliciii. N'Till I,c WUNCM, V11 L11C UT11 A Wl W LIA, 4.0 makes specific improvements or repairs to the property. An agreement may provide for the exemption of the real property in each year covered by the agreement only to the extent its value f*r -t1?*m 4vr4#iw;WtB.,,r v�--due. An apieement mag Xrovide, for the exem$tion of ccersonal property located on the real property in each year covered by the agreement other than personal property that was located on the real property at any time before the period covered by the agreement. Inventory or supplies cannot be abated as personal property. Tax abatements may only be granted for additional value of eligible property improvements made subsequent to and specified in an abatement agreement between the Taxing Jurisdictions and the property owner or lessee subject to such limitation as the Taxing Jurisdictions may require. The additional value must exceed any reduction in the fair market value of other property of the owner already on the tax roll within the area served by the Taxing Jurisdictions. Change in appraised value does not qualify for abatement except in an instance where a previously vacant authorized facility is utilized. Value added to the tax rolls must come from actual capital expenditures. The negotiation of tax abatement agreements will be conducted by the Paris Economic Development Corporation's ("PEDC") executive director, in close consultation with the city manager. In determining where and how tax abatements will be uted, the executive director will examine the potential return on the public's investment. Return on public investment will biv measured in terms of (i) jobs created, (ii) jobs retained in cases of existing employers within th; Taxing Rtrisdictions, -and ( iW, broadenin, of the tax base and ex9ansion of the economic capital investment, payroll, local spending, V. Eligibility Criteria for Tax Abatement for Real and Personal Property A property owner and/or lessee shall be eligible for tax abatement only upon the following criteria. ... . ...... . ...... . . Eligibilit Criteria for Tax Abatement Authorized 1. An authorized facility is used for manufacturing, research, regional distribution, regional services, regional Facility tourist entertainment, other basic industry, or any primary jobs creating industry. (See Appendix A for definitions.) 2. A new authorized facility must be created, or an existing authorized facility must be improved, modernized or expanded. 3. If a ]eased authorized facility is granted abatement, the agreement may be executed with the lessor and/or lessee, depending upon the particular circumstances of the proposed project. If the agreement is with the lessor, lessor shall demonstrate binding contracts with the lessee to guarantee compliance with the terms of the . .........a sreement.. ..... . ........ ...... Eligible L The property involved must be a newly created, or improvements to an existing, authorized facility. Property 2. Eligible property for which abatement may be granted includes nonresidential real property and/or tangible personal property not located on the real property at any time before the abatement agreement becomes effective. 3. Abatement may be extended to the value of buildings, structures, fixed machinery and equipment, site improvements, tangible personal property, and that office space and related fixed improvements necessary to the operation and administration of the authorized facility. Inventory or !1�es, be eligible for abatement, . . s - — I.I.- .... . ....... . ...... . ......... ffisiorl'c' For historic property located in the City of Paris Historic District, see Chapter 30, Article IV of the City of Paris Code of Ordinances - Tax Ex. )tion for Historically, Significant Sites. Contact the CiTy__9f Paris, C Code . . . .............. . ........... - .......................... qT!a9T!K- (Updated 01-12-2026) POLICY STATEMENT Capital Inve_....................................w.........�............ _m. ...M_.............Creation....Criteria..........................................mn...........n..........._......................_.....n......... stment Pa roll and Job CRITERIA AND GUIDELINES FOR TAX ABATEMENT .. n .. ... _.... Development De aartment for additional mforrnahon on these and otherproxams offered by the Cuty of Parisµ w l _... f..... additional Value and 1. The governing bodies of the local Taxing Jurisdictions will decide whether to grant a tax abatement to an Term of applicant, and the amount, if any, of such abatement, on a case-by-case basis and in accordance with these Abatement Policies, Criteria and Guidelines. 2. The term of abatements granted under any agreement may not exceed that permitted by applicable state law. 3. The amount of the abatement shall be based upon a percentage (0 to 100%) of all or a portion of the eligible property within the authorized facility. 4. Abatements may only be granted for the additional value of eligible real and personal property improvements made pursuant to and listed in the agreement between the Taxing Jurisdictions and property owner and/or lessee, subject to such limitations as the Taxing Jurisdictions may require. 5. Real property tax abatement may be granted only to the extent that its value for each year of the agreement exceeds its value for the year in which the agreement is executed. 6. If a modernization project includes the replacement of improvements within an authorized facility, the value eli8ible for abatement shall be the value of the new unitis , less the value of the reljlaced unrt(s� ......e _� _._...... ti....... _.ry_.. __.... Abatement to evaluate a proposed project application for abatement includes, but is not limited to: The criteria used. a Evaluation 1. The dollar amount of the increase in the tax roll. Criteria 2. The number of jobs created or retained by the employer involved. 3. The possible effect on attracting other taxable improvements into the Taxing Jurisdictions. 4. The nature of and overall effect on the Taxing Jurisdictions. 5. The effect on the safety, health, and morals of the Taxing Jurisdictions' residents. 6. Any substantial long-term adverse effect on the provision of the Taxing Jurisdictions' services or tax bases. 7. Meeting all relevant zoning requirements. 8. Consistent with the comprehensive plan of the City of Paris and County of Lamar. 9. The types and cost of public improvements and services (water and sewer main extensions, streets and roads, etc.) required of the Taxing Jurisdictions. 10. The types and values of public im . rovements to be furnished by the allthcant. Economic To be eligible to receive tax abatement, the planned improvements: Qualification 1. Must be reasonably expected to increase the appraised value of the property. 2. Must be expected to prevent the loss of employment, or assist in the retention or creation of jobs in the Taxing Jurisdictions during the tern of the agreement. 3. Should not be expected to solely or primarily have the effect of merely transferring existing employment from one part of the Taxing Jurisdictions to another without demonstration of increased future investment (dollars or jobs) or unusual circumstances whereby without such a move employment is likely to be reduced. 4. Must be necessary because capacity cannot be provided efficiently utilizing existing improved property when __.._. a reasonable allowance is made for necessary improvements or relevant governmental actions. r ..................... Taxability During the term of the agreement, taxes shall be payable as follows: 1. The base year of eligible property as determined each year by the Lamar County Appraisal District, shall be fully taxable. 2. The additional value of eligible property above the base year value shall be taxable in the manner described in the agreement. 3. The Chief Appraiser of the Lamar County Appraisal District shall annually determine an assessment of the real and personal property comprising the reinvestment zone. 4. Each year, the employer, company or individual receiving an abatement pursuant to an agreement shall furnish the assessor with such information as may be necessary to determine the amount of any abatement. 5. Once such value has been established, the Chief Appraiser shall notify the affected Taxing Jurisdictions which levy taxes on such property and also notify the Paris EDC. 6. The employer, owner or lessee of eligible property requesting tax abatement within a reinvestment zone shall, prior to the commencement of eligible property improvements, agree to expend a designated sum of _w...... __. .._..... more and to create or retain a certain number of 'obs or annual laa roll as further defined below. . _t .... J ___........ Capital Inve_....................................w.........�............ _m. ...M_.............Creation....Criteria..........................................mn...........n..........._......................_.....n......... stment Pa roll and Job (Updated 01-12-2026) POLICY STATEMENT CRITERIA AND GUIDELINES FOR TAX ABATEMENT A tax abatement may be made available to employers who are increasing new capital investment and creating jobs with respect to an authorized facility located anywhere within the area served by the Taxing Jurisdictions based on the following criteria. 1. To be eligible for any tax abatement, there must be a minimum capital investment in the authorized facility of $1,000,000 and at least ten (10) new jobs added to the new employer's labor force. 2. Any project with a capital investment of more than twenty-five million dollars ($25,000,000), AND accompanied by a newly created minimum annual payroll of two and one-half million dollars ($2,500,000), OR creating more than two hundred twenty-five (225) jobs will be individually negotiated. 3. As specified in state law, no abatement will be granted for more than 10 years and the total abatement shall not exceed 100%. 4. A newly created business must be (or will be) located within an enterprise zone or a designated reinvestment zone. 5. The taxing jurisdictions recognize a significant difference in the valuation of real property versus personal property. Because of depreciation schedules, the abatement of personal property could result in a tax exemption. For this reason, the abatement schedule for personal property versus real property may be different. Each industrial account is looked at and valued on an individual basis by the Lamar County Appraisal District (LCAD). The typical depreciation used for industrial accounts by LCAD is as follows: a. Computers — 3 year life b. Furniture & Fixtures —10 year life c. Vehicles — 7 to 10 year life (depending on type) d. Machinery & Equipment — 15 year life (maybe longer or shorter depending on the type) 6. For each abatement request the PEDC will evaluate the equipment (personal property) investment and useful life separate from the real estate (real property) investment to determine the length of the abatement for each. 7. If personal property should become obsolete and be replaced while under an abatement agreement, the replacement personal property is not eligible for abatement. 8. The charts below provide capital investment guidelines to qualify for tax abatement and the related schedule and percentage of abatement. 9. An additional 20% abatement for new job creation is available based on the following requirements: a. A project that creates a minimum of 10 new jobs. b. The new job wages are equal to or greater than the current County average wage for all private sector jobs excluding retail trade and accommodat1111-ion and food services x$41„158 annually for 2013 Source Texas Workforce Commission 4 (Updated 01-12-2026) POLICY STATEMENT CRITERIA AND GUIDELINES FOR TAX ABATEMENT via w Jnr n gym) ,� o��. (Note: This represents 547 _. _. ......... _ .._ ... m ... .... ......... .... _ ..._. ....... 7 companies, 10, 470 jobs and 56% of all pr ivate sector employment in Lamar Coun c. The taxing jurisdictions and the company must agree to include measuring, tracking and annual reporting of the net job increases (existing jobs plus new jobs) for the entire term of the abatement agreement. For Net New .Yobs (New Job Creation and Retention of Ex>stin Jobs) jobs Net New Jobs _ Year 1 Year 2 Year 3 Year 4 Year 5 Year G Year 7 2. New obo.._. minimum. *20% 20% 20% 20% 20% 20% .� .�........ ......._ �.. w........ .._...�. ,..4_... ......M � ..._.._ ' 20% J wages = or > average annual wages for private sector jobs in Lamar County. (Excluding retail, accommodations, food service. See Item 9.b. above.) 3. Agree to maintain existing base and new jobs during the entire term of agreement. 4. *Year 1 cannot exceed 100%. VI. Tax Abatement for Existing Employers Regarding Real or Personal Property. The Taxing Jurisdictions recognize the value of its existing employers to the well-being of the City and County. The Taxing Jurisdictions desire to encourage existing employers to remain in the Taxing Jurisdictions and to improve their respective businesses and industries, as well as their profitability. Accordingly, if an existing employer (as opposed to a newly created business or industry moving into the Taxing Jurisdictions), owns or leases an authorized facility and has plans to improve such property by constructing new improvements on its real property and/or adding new personal property to its authorized facility which qualify for tax abatement under these Policies, Criteria and Guidelines, such employer may be eligible for tax abatement with respect to such improvements to its real property or its new personal property under the provisions of Article V above, even if no new jobs or newly created minimum annual payroll are created. In projects involving existing employers, the criteria for tax abatements for improvements to real property and for new personal property at authorized facilities set forth in Article V above shall be (Updated 01-12-2026) POLICY STATEMENT CRITERIA AND GUIDELINES FOR TAX ABATEMENT waived, provided state law is fully complied with. The local taxing jurisdictions encourage existing employers to retain as many jobs and as much existing annual payroll as is economically feasible for the existing employer, while remaining competitive in its industry. VII. Greenfield projects In order to encourage the development of greenfield properties and also to be able to expedite certain new projects, the criteria for tax abatements for improvements to real property and for new personal property at authorized facilities set forth in Article V above shall be waived for projects exclusively involving greenfield properties, provided state law is fully complied with. VIII.A�lication Process _..._.......... ..w.m...... ...._ ..... ........... r...........�........ ..._ ._.. „ ......... _ww_a- ., .. w.w....._......._ _ .a �..._.. A� lic! ho Process Eligibility Y Pre sent or potential owner of taxable property in the Taxing Jurisdictions may request tax abatement by filing a written request with the City Manager or County Judge, with a copy of the . ...._ r aplncat�on forwardedby the ap�h� ..__,_nC ... . cnttote xecuhveDirctorofthe PaED................. Form The application shall consist of a completed application form accompanied by the following: 1. A general description of the improvements to be undertaken together with the projected new value to the property and the type of business operation proposed. 2. A detailed, descriptive list of the improvements for which abatement is requested. 3. A list of the kind, number, and location of all proposed improvements of the property. 4. A list of the number and type of jobs created, including information pertaining to anticipated job transfers (if any). 5. A metes and bounds description and plat of the proposed reinvestment zone that shows all roadways within 200 feet of the reinvestment zone and all existing zoning and land uses within 200 feet of the reinvestment zone. 6. A time schedule for undertaking and completing the proposed improvements. 7. The type and value of any additional economic development incentives requested. 8. Any other information about the proposed project as may be required by the Taxing s or as deemed desirable k the Taxing Jurisdictions. __ .. -.... ........ Jurisdiction..... Review .. _ . 1. All applications will be initially reviewed by the PEDC executive director. Process 2. An initial project briefing meeting will be conducted between the company's representatives, the PEDC executive director, the city manager, and the county judge. 3. The PEDC executive director will evaluate the request for tax abatement in accordance with these criteria and guidelines and will make his/her recommendation to the Paris City Council and Lamar County Commissioners Court for their review and possible approval. 4. After the Paris City Council has been briefed on the proposed tax abatement offer and they have directed the PEDC executive director to move forward, the Paris City Attorney will draft the initial tax abatement agreement for review by the PEDC Board and representatives of each Taxing Jurisdiction. 5. Electronic versions of the City's abatement agreement will be provided to the County so all agreements have consistent language, terms and conditions. 6. Following review of the draft agreement, it will be sent to the applicant's legal counsel for review and comment. Any changes requested by the tax abatement applicant will be reviewed by the City Attorney. 7. Once the Agreement is finalized, it will be placed on the PEDC Agenda for board recommendation. S. Once the Tax Abatement Agreement has been acted on by the PEDC Board, the Agreement shall be forwarded to the Paris City Council and Lamar County Commissioner's Court for final consideration and action. Public Hearing 1. The Taxing Jurisdictions will comply with certain public notices and hearings required as ... ....J_ _ ... 1p —.ax Abatement Act larior to mandated b + state law under the Pro Beret°y Redeveloment and Tax ... .. (Updated 01-12-2026) POLICY STATEMENT CRITERIA AND GUIDELINES FOR TAX ABATEMENT .................... the designation of a reinvestment zone and execution of a tax abatement agreement. 2. The lead Taxing Jurisdiction (typically the City of Paris) may adopt an ordinance designating a tax abatement reinvestment zone only after notice of a public hearing has been published at least seven (7) days before the date of the hearing, and all other procedural requirement�s of Ch"r 312 of the Texas Tax Code have. been . . ..... ..... .. . .... ............. .. Findings In order to enter into an agreement, the Taxing Jurisdictions must find that: 1 . The terms of the proposed agreement comply with these Policies, Criteria and Guidelines. 2. There will be no substantial adverse effect on the provision of Taxing Jurisdictions' services or tax base. 3. That the planned use of the property will not constitute a hazard to public safety, health or morals. 4. Incident to approval of any ordinance designating a reinvestment zone, t e Taxing Jurisdictions shall find that the improvements sought are feasible and practical an would be a benefit to the land to be included in the reinvestment zone and to the Taxing Jurisdictions afterthe expiration o t e ............................ . . . . . . . . . . ................ _._ .................. . . . . ... . ...... .......... ........ . . . .. pmVormtinWZ60OW-Iften&and-Guidelinesm" ade in writing to the Taxing Jurisdictions; provided, however, that in no event shall the term of any abatement exceed the period authorized by applicable state law. Such request shall include a complete description of the circumstances requiring a variance. Approval of a request for variance shall require the alfirmative vote of three-fourths (3/4) of the members of each of the Jurisdictions',goyernmg,_b9dy . .. ................. . .......... .......................... Agreements the discretion of the Taxing Jurisdictions' governing bodies to decide whether to enter into a Decided on specific tax abatement agreement. Nor does it limit their discretion to delegate to their employees Individual the authority to determine whether or not the Taxing Jurisdiction should consider a particular Basis application or request for tax abatement, or create any property, contract, or other legal right in any ��E r V-- I for tax abatement. 1111111- ...... . . . ....... . ..... .... ....... .... ...................... ... ........... . . V111. Abatement Agreement Terms and Conditions. Appendix B provides many of the terms and conditions to be included in any formal tax abatement legal agreement. adoption, unless amended earlier by the affin-native vote of three-fourths (3/4) of the members of each governing body (City, County). For a tax abatement application or additional information contact: Paris Economic Development Corporation 1125 Bonham Street Paris, Texas 75460 Phone: 903-784-6964 Fax: 903-784-2503 Website: wixW'p.�g i_w( d u con) Email: L)Arisxc(�t istexasusa.com (Updated 01-12-2026) POLICY STATEMENT CRITERIA AND GUIDELINES FOR TAX ABATEMENT APPENDIX A _Term Definition .,,,, ......... ,. _........ o ...... v��,. .oma .r-...� ......... _ Abatement or Tax _... The full or partial exemption from ad valorem taxes of certain real and tangible personal Abatement proiiert ° in aµReinv1-11-11111-1-1estment Zone designated for economic develo invent fsurl oses. _ _ Agreement or The written legal agreement for tax abatement between a property owner and/or lessee and the AAgieements City of Paris, Lamar Countv and Pans Junior College. 11--....-1 ...1 __ .. -_111.....__.w .... __ ... Authorized A facility may be eligible for abatement if it is a facility used for manufacturing, research, Commercial or regional distribution, regional services, regional tourist entertainment, other basic industry, or Industrial Facility any primary jobs creating industry (see definitions below). All authorized facility definitions include buildings and structures, including fixed machinery and equipment used in operating the Authorized The City Council of the City of Paris may also designate areas of the City where residential Residential Facility properties may be considered for abatement of City taxes only. The City of Paris will approve .......... their residential abatement iLolicies, criteri4.and i uidelines separate from these policies 7k......_..... Manufacturing The purpose of which is or will be the manufacture of tangible goods or materials or the Facility processing of such goods or materials by physical or chemical change. Facilities primarily engaged in assembling component parts of manufactured products are also considered manufacturing facilities. _ .. ............ ....� ....m. _ .... _.._.............. ___..-__._w .ww ......__..... Regional Used primarily to receive, store, service, or distribute goods or materials where a majority of Distribution Facility the goods or services are distributed to points at Ieast 100 miles from its location in the Taxing Lamar Counta..,.__._ ..... Jurisdictions of Paris and.. ..............w ... _..........,. _ Regional Tourist Used in providing amusement/entertainment through the admission of the general public where Entertainment the majority of users reside at least 100 miles from the Taxing Jurisdictions and where the Facility majority of users are likely to stay in the Taxing Jurisdictions for more than one day and will _.. ._.. and hotel/motel accommodations. therefore likel�urilize local restaurants....._ .................. ................ _._...,,,..... 4 ................ Research Facility Used primarily for research or experimentation to improve or develop new tangible goods or www -materials-or-to, improve or deve!gp the liroduction_processes thereto Other Basic or Not elsewhere described, used for the production of products or services which result in the Service Industry creation of new jobs and bring new wealth into the Taxing Jurisdictions (e.g. healthcare- lated industries' re .... Prim Jobs Primary y try g p ry J J p y which An industry creating " rima obs" defined as a job that is available at a company for Creating Industry a majority of the products or services of that company are ultimately exported to regional, __ _...... statewide, national or international markets infusinin g new dollars into the local economymmm� ,M Base Year Value The assessed value of eligible property as of January 1, preceding the date of execution of the agreement plus the agreed upon value of eligible property improvements made after January 1, but before the execution of the agreement. The Base Year Value may be adjusted either up _._... .... or down from y°ear to dear asaer renditions byr the Lamar County Alpraisal District. .... a _ ., ... w......._w. Employer The owner or lessee of property, who is applying for tax abatement and who will provide jobs _. ............._.. and capital investment within the Reinvestment Zone or within the Ente�rise Zone ..,...... _ ................ ..... _.... . _ ...._w.................p_.,. .._.., Reinvestment Zone An area where the Taxing Jurisdictions have decided to influence development patterns and attract major investments that will contribute to the development of the area through the use of tax abatement for specified improvements. These statues are found in Chapter 312 of the Texas Tax Code. __ ... ... ...... ............. .................... EnteiLirise Zone .. _ ............. An area of land desiaiated as such under Cha iter 2303 of the Texas Government Code. w__....._ 1 Job or Jobs A ` job" is when an individual works 40 hours per week for an employer, and in the position the individual is provided the benefits normally offered by the employer, such as health insurance, vacation and some form of retirement benefit. A job is not a position filled for the employer as a worker or employee of an employment agency or employment service. "Jobs" also includes "Full-time Eaiuivalent Jobs" defined below. ._ .... _ 4 _. ,. Full-time Equivalent The intention of the overrun bodies is to provide a company the maximum flexibility ui governing P P Y n' � running (FTE) Jobs their business and making business decisions, especially related to staffing. The following definition of FTE will be reflected in all incentive agreements. An FTE is: 1. An individual working 40 hours per week in a job defined above. _.._...w 2 A number of part-time obs where the hours worked m each m� ..__... _....� p J ............ _........_ ......, .. ..such�ob is less than 40 hours per (Updated 01-12-2026) POLICY STATEMENT CRITERIA AND GUIDELINES FOR TAX ABATEMENT week, made available by one employer and added together to total 40 hours per week. For example, fourteen (14) part-time jobs made available by one employer where all such part- time jobs added together require a total of 380 hours of work per week (but no such part- time job requires 40 hours of work or more per week), will equal nine and one-half (9.5) FTE jobs (380 hours divided by 40 hours per week equals 9.5). 3. FTE s 42 ji�Lt require the em Loyee to receive benefits from the em I job iii ---1.1 . . . ........... . ........... Modernization , _'p The replacement and upgrading of existing facilities, which increases the productive input or output, updates the technology, or substantially lowers the unit cost of operation. Modernization may result from the construction, alteration or installation of buildings, structures, fixed machinery or equipment, but shall not be for the purpose of reconditioning, refurbishing, ... . . .... .. ...................'- jspa�g,,.� deferred maintenance. "---- . ............................ _...a w_......_ ....................... Personal Property Machinery, equipment, tools, shelving or materials eligible under applicable law for tax abatement, which can be removed from an authorized facility" - - ------ ............. . . ..................... . . .................. or Personal Pro eq defined herein that abatement. . .... ...... _ _ __ P . ..... . .. .......... . . . . ....... . . ......... Real Property The land within an Enterprise Zone or a Reinvestment Zone, together with all improvements and fixtures constructed or otherwise situated thereon. ... . ... . ............. . . ............ . ..... Tax Abatement ................. - ---- The Tax Abatement Advisory Committee will be convened from time to time by the Paris Advisory Committee Economic Development Corporation to study, review and recommend tax abatements to the applicable Taxing Jurisdictions in the City of Paris and Lamar County, Texas. The Tax Abatement Advisory Committee will be composed of one person from each of the Taxing Jurisdictions: the City of Paris (the City Manager or designee), the County of Lamar (the County Judge or designee), Paris Junior College (the President or designee), the Chief Appraiser of the Lamar County Appraisal District, and the Executive Director of the Paris Economic Development Corporation. Recommendations from the Tax Abatement Advisory Committee shall be decided by majority vote of the representatives from the three taxing entities referenced above. —. ---- .......... .. -- . ..... . ... . ....................... (Updated 01-12-2026) POLICY STATEMENT CRITERIA AND GUIDELINES FOR TAX ABATEMENT APPENDIX B Abatement Agreement Terms and Conditions After approval, the Taxing Jurisdictions shall formally pass an order or resolution and authorize the execution of an agreement with the owner and/or lessee of the authorized facility, which shall include, but not be limited to the following terms and conditions: _................. . ............ Contract Terms &Conditions..,............ - ...u......._.....ro..... _.__. Project � The following project specifics ......� . �....�.... will be included: Description 1. The base year value. 2. Percent of increased value to be abated each year. 3. The commencement date and the termination date of abatement. 4. Amount of investment and average number of jobs involved during the term of the agreement. 5. The proposed use of the authorized facility, nature of construction, time schedule, plat, property description, and improvement list, as provided in the application. 6. A listing of the kind, number, location, and costs of all proposed improvements of the property. 7. A statement limiting the uses of the property consistent with the general purpose of encouraging development or redevelopment of the reinvestment zone during the period that property tax abatement is in effect. 8. That access to the project is provided to allow for the inspection by Taxing Jurisdictions' inspectors and officials in order to ensure that the improvements or repairs, are made according to the specifications and conditions of the agreement. 9. That property tax revenue lost as a result of the tax abatement agreement will be recaptured by the Taxing Jurisdictions if the owner of the property fails to make the improvements or repairs as provided by the agreement. 10. Each term agreed to by the owner of the property. 11. A requirement that the owner of the property shall certify annually to the Taxing Jurisdictions that the owner is in compliance with each applicable term of the agreement. 12. Contractual obligations in the event of default, violation of terms or conditions, delinquent taxes, recapture, administration and assignment, or other provisions that may be required by state law, or in the discretion of the Taxing Jurisdictions' governing body. 13. That the Taxing Jurisdictions may cancel or modify the agreement if the property owner fails to comply with the agreement Default If the TaxingJurisdictions determine that the person or entity receiving an abate .... _...w_.. mentis in default according to the terms and conditions of its agreement, the Taxing Jurisdictions shall notify the company or individual in writing at the address stated in the agreement, and if such default is not cured within a reasonable time specified in such notice ("cure period"), then the agreement may be modified or terminated without further notice. In the event the company or individual allows its ad valorem taxes owed to the Taxing Jurisdictions to become delinquent and fails to timely and properly follow the legal procedures for their protest and/or contest, or violates any of the terms and conditions of the agreement and fails to cure during the cure period, the agreement then may be modified or terminated without further notice, and the agreement may provide a formula for recapture of all or part of the taxes abated. At any time before the expiration, any tax abatement agreement may be terminated by mutual consent of all parties involved in the same manner that the a cement was executed. Confidentiality Information that is provided to a Taxing Jurisdiction in connection with an application or request of Proprietary for tax abatement under these Policies, Criteria and Guidelines, and that describes the specific Information processes or business activities to be conducted or the equipment or other property to be located on the property for which tax abatement is sought is confidential and not subject to public disclosure until the agreement is executed. Such information in the custody of the Taxing Jurisdictions after the cement is executed is not confidential hereunder. _..,_ . 1 .... _ _ ...._._.........-._w_ ................ _w .w _.-m Insfwections The agreement shall shJaulate that em�+ees and/ or designated re i�res_entatives of the Taxm w 10 (Updated 01-12-2026) POLICY STATEMENT CRITERIA AND GUIDELINES FOR TAX ABATEMENT 11 Jurisdictions will have access to the reinvestment zone during the term of the agreement to inspect the authorized facility to determine if the terms and conditions of the agreement are being met. All inspections will be made only after the giving of at least twenty-four (24) hours' prior notice and will only be conducted in such a manner as to not unreasonably interfere with the construction and/or operation of the authorized facility. All inspections will be made with one or more representatives of the company or individual and in accordance with its safety standards. Upon completion of construction, the Taxing Jurisdictions shall annually evaluate each authorized facility receiving abatement to ensure compliance with the agreement and report possible violations_„ of the greement to the Taxing Jurisdictions fovernm � bodies ___ _w Modifications At any time before the expiration of an agreement made under these Policies, Criteria and of Agreement Guidelines, the agreement may be modified by the parties to the agreement to include other provisions that could have been included in the original agreement or to delete provisions that were contained in the original agreement. The modification must be made by the same procedure by which the original agreement was approved and executed. The original agreement, however, may not be modified to extend the term of the agreement or the term of the abatement gaanted therein bei and the time permitted by,State law ._._....d ....... Assignment 'g An agreement may be assigned to a new owner or lessee of the l w g y gn authorized facility only with the prior written consent of the Taxing Jurisdictions. Any assignment shall provide that the assignee shall irrevocably and unconditionally assume all the duties and obligations of the assignor upon the same terms and conditions as set out in the agreement, and the Taxing Jurisdictions' approval shall be subject to the determination of the financial capability of such assignee. Any assignment of an agreement shall be to an entity that contemplates the same improvements or repairs to the property, except to the extent such improvements or repairs have been completed. No assignment shall be approved if the assignor or the assignee is indebted to the Taxing Jurisdictions for ad valorem taxes or other obligations, or if any event of default under the agreement remains uncured. _,... Administration, _.m 1. Each Taxing Jurisdiction shall be responsible for the administration, review, and monitoring Contract of tax abatement agreements authorized by them Taxing Jurisdictions under these Policies, Review, Criteria and Guidelines. These responsibilities shall include annually verifying participants in Monitoring and tax abatement agreements are in full compliance with the terms of the agreement, including Reporting completion and submission of all required documents in a timely manner. 2. The Paris City Attorney shall expeditiously advise the Taxing Jurisdictions in writing of any instances of contract non-compliance by tax abatement participants. In addition, the Paris City Attorney shall, on an annual basis, conduct a performance review of the activities of each tax abatement participant and report the findings of such review to the leadership and governing bodies of each taxing entity. 3. The Taxing Jurisdictions' governing bodies shall retain the right to independently review and audit the activities of tax abatement participants, and shall be responsible for enforcement of the terms of any tax abatement agreement authorized hereunder. 4. Annually the Paris City Attorney shall report to each of the governing bodies on its .,41!4 compliance activities and the status of all exnstnn abatement agreements. 11 Memorandum Item No. 15 TO: Mayor & City Council Rose Beverly, City Manager FROM: Osei Amo-Mensah, Director, Planning & Community Development SUBJECT: Economic Development and Residential Tax Abatement Agreement with Volanda R. Hill. DATE: January 12, 2026 BACKGROUND: The applicant Volanda R. Hill 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 Single -Family Dwelling. 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# 12989, Maxey Addition Block 4, Lot PT 2,1560 W. Campbell 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 is transfer of City of Paris trustee property. 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 estimated cost of the Nature of the Improvement or Repairs: $80,000.00. 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 incremental value to taxable value attributable to the required improvements on otherwise undeveloped property. RECOMMENDATION: Adopt a resolution approving the attached 5 -in -5 agreement with Volanda R. Hill. RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS APPROVING AND AUTHORIZING AN ECONOMIC DEVELOPMENT AGREEMENT AND TAX ABATEMENT AGREEMENT WITH VOLANDA R. HILL PURSUANT TO THE 5 IN 5 HOUSING INFILL DEVELOPMENT PROGRAM; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, on January 27, 2025, the City Council of the City of Paris, Texas passed Ordinance No. 2025-003 creating Reinvestment Zone 2025-1 and designating certain areas inside the city limits to be eligible for the Residential Tax Abatement Program; and WHEREAS, after a public hearing on January 10, 2022, the City Council of the City of Paris, Texas passed Resolution No. 2022-003 stating its intent to establish a 5 In 5 Housing In -Fill Development Program (hereinafter "the Program") including low cost land sales and residential tax abatements and adopting guidelines and criteria for the Program, which guidelines and criteria from time to time have been amended, and were readopted most recently on January 12, 2026 prior to the consideration of this Resolution; and WHEREAS, City Council has also, concurrent with the readoption of the guidelines and criteria referenced above, re -declared its intention to participate in a residential tax abatement program as part of the Program; and WHEREAS, the City Council has, in said guidelines and criteria, designated an area within Reinvestment Zone 2025-1 as being eligible for the Program; and WHEREAS, the Program's and guidelines for participation therein include criteria and guidelines for eligibility for residential tax abatements; and WHEREAS, Owner has submitted an application for a 5 In 5 Housing Infill Development project to construct one (1) single family home on property described in Exhibit A hereto; and WHEREAS, city staff has reviewed the application and the location of the above described residential Improvements and has determined that the properties are located within the boundaries of the defined geographic area and Reinvestment Zone 2025-1 and meet the requirements for Improvements set forth in the guidelines and criteria for the Program readopted on this same date. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, THAT: Section 1. The findings set out in the preamble to this resolution are hereby in all things approved and are incorporated herein for all purposes. Section 2. That the terms of the Economic Development Agreement and Tax Abatement Agreement between the city and Volanda R. Hill and the property the subject thereof meet the City's Guidelines and Criteria for Tax Abatement adopted by the City of Paris by the resolution set forth in Exhibit I to Exhibit A hereto and will lead to the economic development of the Program Area. Section 3. That the terms and conditions of the proposed Agreement attached hereto as Ex_W_LWAA and incorporated herein by reference, having been reviewed by the City Council of the City of Paris and found to be acceptable and in the best interests of the City of Paris and its citizens, be, and the same are hereby, in all things approved. Section 4. That the Mayor is hereby authorized to execute the Agreement and all other documents in connection therewith on behalf of the City of Paris substantially according to the terms and conditions set forth in the Agreement attached hereto as EXhibAiA-. Section S. That the planned use of the property the subject of the tax abatement will not constitute a hazard to public safety, health, or morals. Section 6. That this approval and execution of the agreement on behalf of the City is not conditioned upon approval and execution of any other tax abatement agreement by any other taxing entity. PASSED AND APPROVED by the City Council of the City of Paris, Texas at its regular meeting on the 12th day of January, 2026. Mihir Pankaj, Mayor ATTEST: Janice Ellis, City Clerk APPROVED AS TO FORM: Stephanie H. Harris, City Attorney Exhibit A THE STATE OF TEXAS COUNTY OF LAMAR ECONOMIC DEVELOPMENT AND RESIDENTIAL TAX ABATEMENT AGREEMENT This Economic Development and Residential Tax Abatement Agreement (hereinafter the Agreement) is entered into by and between the CITY OF PARIS, TEXAS, a home rule municipality situated in Lamar County, Texas, acting by and through its authorized officer whose signature appears below (hereinafter called City), and VOLANDA R. HILL (hereinafter referred to as Owner). WITNESSETH: WHEREAS, on January 27, 2025, the City Council passed Ordinance No. 2025-003 creating Reinvestment Zone 2025-1, designating certain areas inside the city limits to be eligible for the Residential Tax Abatement Program; and WHEREAS, after a public hearing on January 10, 2022, the City Council of the City of Paris, Texas passed Resolution No. 2022-003 stating its intent to establish a 5 In 5 Housing In -Fill Development Program (hereinafter the Program) including low cost land sales and residential tax abatements and adopting guidelines and criteria for the Program; and WHEREAS, by Resolution 2022-003, City Council designated an area within Reinvestment Zone 2025-1 (then known as Reinvestment Zone 2020-1) as being eligible for the Program (the Program Area); and WHEREAS, City Council has, from time to time, revised the guidelines and criteria for the Program and for tax abatement agreements granted thereunder, which guidelines re readopted on January 12, 2026; and WHEREAS, Owner has submitted an application for a 5 In 5 Housing Infill Development project to construct one (1) single family home (hereinafter the Improvements) at the property described herein below in Paris, Texas (the Property); and WHEREAS, city staff has reviewed the application and the location of the above described residential Improvements and has determined that the Property is located within the boundaries of Reinvestment Zone 2025-1 and are within the defined geographic area of the Program Area, and the application meets the requirements for Improvements set forth in the Guidelines and Criteria for the 5 In 5 Housing Infill Development Program as set forth in City Resolution No. 2025-025 (readopted prior to the execution of this Agreement on January 12, 2026). NOW, THEREFORE, in consideration of the terms and conditions referenced herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the City, and Owner, (collectively referred to as Parties) hereby mutually agree as follows: 1. Recitals 1.1 The Recitals set forth hereinabove are incorporated into this Agreement for all purposes. II. Component Parts 2.1 This Agreement comprises two component parts, including an economic development agreement pursuant to Texas Government Code Chapter 380 and a residential tax abatement agreement pursuant to Texas Tax Code Section 312. III. Terms Applicable to both the Economic Development Agreement and the Residential Tax Abatement Agreement: A. The Properties—Areas to be Improved 3.1 The Improvements defined in section III B below and made the subject of this Agreement shall be located on the Property located in Paris, Lamar County, Texas more fully described in Exhibit 1 attached hereto and incorporated herein by reference, which Property is within Reinvestment Zone No. 2025-1 and within the area set forth in the Program: • LCAD# 12989, Maxey Addition Block 4, Lot PT 2,1560 West Campbell St. 3.2 The Property is a Tax Foreclosure City Trustee (City Trustee) status property. B. Consideration --Improvements 3.3 The Improvements to be completed consist of one (1) single family home structure (the Structure) on the above described Property as more fully described in the application for the Program attached hereto and incorporated herein as Exhibit 1. 3.4 The total estimated value of the Improvements to be constructed on the above - referenced parcels is EIGHTY THOUSAND AND NO/100 DOLLARS ($80,000.00). 3.5 Owner shall obtain City approval for all necessary platting (if required) and plans, building permits, green tags and a Certificate of Completion from the City of Paris. 3.6 Owner shall allow city inspectors access to the Properties and Improvements throughout construction and completion of Improvements. 3.7 Owner agrees and covenants that it will diligently and faithfully construct the Structure referenced herein in a good and workmanlike manner within 12 months of obtaining building permits from City for each structure. Owner further covenants and agrees that construction of the Improvements will be in accordance with all applicable state and local laws, codes, regulations, and Program Guidelines or Owner will procure a valid waiver or variance thereof. Owner shall complete all Improvements required herein on or before January 11, 2031. 3.8 Owner shall contact City Building Official for final inspection as Improvements are completed and obtain a Certificate of Completion for the new residential dwelling. 3.9 Owner shall notify the Lamar County Appraisal District upon completion of Improvements and request an updated appraisal of the Improvements. 3.10 Owner shall provide City with appraised value of Improvements upon receipt of same from Lamar County Appraisal District. 3.11 Owner may not use the parcels described in Section 3.1 for any other purpose other than to construct the Improvements set forth in this Article. Use of the parcel for any other purpose shall constitute a separate act of default of the Agreement and will trigger the default provisions and remedies set forth hereunder. IV. Texas Local Government Code Chapter 380 I= 4.1 The term of this Economic Development Agreement shall commence on January 12, 2026 and shall continue for a period of five (5) years ending on January 11, 2031. B. Land Conveyance 4.2 In consideration for Owner's construction and completion of the above -referenced Improvements, City agrees to convey the above -referenced parcel to Owner in exchange for payment in the amount of City's proportionate share of $1.00 in accordance with the Interlocal Agreement for establishing alternate manner of sale of land acquired by the City of Paris, Texas .u7m.yent to Section 34.051 of the Texas Tax Code b% and between the CiL% of Paris Texas, Lamar County, Texas, Paris Independent School District, and Paris Junior College (approved by: the City *f PR-nri of January 24, 2022, item #6; Lamar County, Commissioners Court agenda of January 24, 2022, item #2; and the Paris Independent School District, Trustees' agenda of January 24, 2022, item #4). 4.3 The conveyance of the property by the City to the Owner shall be tax sale deed without warranty and with right of reversion. 4.4 City hereby transfers the property in an "as is" condition and does not warrant or provide clear title with respect to the aforementioned City Trustee status of the Property. Owner assumes full responsibility for title insurance for the property and all new residential improvements thereto by Owner under the terms of this Agreement. C. Reduced Fees for Building Plan Review and Permitting 4.5 In consideration for Owner's construction and completion of the above -referenced Improvements, City agrees to reduce rates for building plan review by one hundred percent (100%) and permit fees by one hundred percent (100%) for each Structure constructed pursuant to this Agreement. D. Reduced Fees for Water and Sewer Tap Labor 4.6 In further consideration for Owner's construction and completion of the above - referenced Improvements, City agrees to reduce rates for water and sewer tap labor fees by twenty- five percent (25%) where required by the City's Public Works Department. E. Local Purchasing 4.7 As further consideration for the incentives granted herein, where possible, Owner shall purchase building materials and fixtures from vendors located within the City of Paris. F. Default 4.8 It shall be an act of default of the Economic Development Agreement should Owner fail to construct and compete all of the Improvements specified herein within the five (5) year period set forth herein (by January 11, 2031). V. Terms Specific to the Residential Tax Abatement Agreement Texas Tax Code Chapter 312 A. Reinvestment Zone; NAICS Code. 5.1 The property subject to this residential Tax Abatement Agreement is located within City of Paris Reinvestment Zone No. 2025-1. For purposes of reporting this Tax Abatement Agreement to the Office of the Comptroller of the State of Texas, the applicable NAICS Code is 2361. B. Term 5.2 The term of this Tax Abatement Agreement shall commence on January 12, 2026. It is the intention of this Tax Abatement Agreement that Owner receive an abatement of taxes on the Structure once it is completed and issued a Certificate of Completion by City. The Abatement Period will commence on January I' of the year immediately after issuance of the Certificate Completion and will be effective for a period of five (5) years. C. Abatement 5.3 Subject to the terms and conditions of this Economic Development Agreement Tax Abatement Agreement, in further consideration for the construction and completion of t Improvements required herein (new construction of one (1) single-family home) and subject to t tights and holders of any outstanding bonds of the City, a portion of the maintenance operations (M & 0) ad valorem property taxes assessed upon each Improvement and otherwi mi vzn 2m 4-1: a Tffv�-,W of 6 1(5) vears i nt e ual to 100% nerve ot the taxes assessect upon me increasea value oi Tne impro verneins 771717 wy OTTYMMT Lar, described in Section 3.1 of this Agreement, over the value in the year by which this agreement a _w4 ent executed (the "Base Value"), in accordance with the terms of this Agreement and all applicab ng state and local regulations or valid waivers thereof, provided that the Owner shall have the ri 'd to t to protest or contest any assessment of the Properties and said abatement shall be applied amount of taxes finally determined to be due as a result of any such protest or contest. For t value as shown on the tax rolls of the Lamar County Appraisal District as of January 1, 2026 wit: ONE THOUSAND SIX HUNDRED -THIRTY AND NO/100 DOLLARS ($1,630.00). 5.4 This abatement is granted in accordance with the City's Guidelines and Criteria the Program, a copy of which is attached hereto as Exhibit 2, provided, however, that in the eve of any conflict between this Agreement Exhibit 2, this Agreement shall control. 5.5 Upon receipt of the documentation set forth in Article III and in Section 6.6 herei City will notify the Lamar County Appraisal District to begin the tax abatement as to the parcel. C. Default 5.6 If (a) the Improvements (the residential Structure) for which an abatement has be granted are not completed in accordance with this Agreement (by January 11, 203 1.); or (b) Own allows its taxes owed the City to become delinquent and fails to timely and properly follow t legal procedures for protest or contest of any such; or (c) Owner materially breaches any of t other terms, provisions or conditions of this Economic Development Agreement and T Abatement Agreement, including but not limited to the Mandatory Anti -Discrimination Provisio set forth herein, then owner shall be considered in default of this Agreement. In the event Own 4 m��u futL,? nwv, * f N ' I "it Y sh. al I a i v e Owner wri tten no ti W - of such default and if Owner has not cured such default within sixty (60) days of said writt notice, this Tax Abatement Agreement may be terminated by the City. Notice of default shall given in accordance with Article VI of this Agreement. 5.7 As damages in the event of default, and in accordance with the requirements a discretionary provisions of Section 312.205 of the Tax Code of the State of Texas, all taxes wbi otherwise would have been paid to the City without the benefit of abatement, including taxes I car 11 At t"Irt Alft�i,,;�l,,u-eement.toLether 2 MVT,=5 Va of the Property Tax Code of the State of Texas, with all penalties and attorney's fees pernmnitted the Property Redevelopment and Tax Abatement Act and the Tax Code of the State of Texas, sh be recaptured and will become a debt to the City and shall be due, owing, and paid to the Ci within sixty (60) days of the expiration of the above-mentioned applicable cure period as the so remedy of the City, subject to any and all lawful offsets, settlements, deductions, or credits which Owner may be entitled. V1. Additional Terms applicable to both the Economic Development Agreement and the Tax Abatement Agreement 6.1 The Owner represents and warrants that neither the Properties nor the Improvements LIMUF1 117 =_g or tne Vianning anu 2771ing CM7771337*71 T7 711J 1110111L)CI of this Agreement. 6.2 The terms and conditions of this Agreement are binding upon the parties hereto and their successors and assigns. 6.3 It is understood and agreed between the parties that the Owner, in performing its obligations hereunder, is acting independently, and the City assumes no responsibility or liability in connection therewith to third parties; and Owner agrees to release, indemnify and hold the City its elected officials, officers, employees and attorneys harmless from any claims, lawsuits, damages, costs or attorney's fees related tothis Agreement. It is further understood and agreed among the parties that the City, in performing its obligations hereunder, is acting independently, and the Owner assumes no responsibility or liability in connection therewith to third parties. C. Compliance Provisions 6.4 The Owner agrees that the City, its agents and employees, shall have reasonable right of access to any and all records concerning Owner's investment in the Improvements for the purpose of conducting an audit of the Improvements. Any such audit shall be made only after giving the Owner notice at least fourteen (14) days in advance and will be conducted in such a manner as to not unreasonably interfere with Owner's property. Upon request, the Owner will provide the City with a detailed list of all Improvements, including a list of materials used and cost thereof. 6.5 The Owner further agrees that the City, its agents and employees, shall have reasonable right of access to the Property to inspect the Improvements in order to insure that the vt,, 2re ut 2.cconiance with this Aareement and all apj2licable staii and local laws and regulations or valid waiver thereof. After completion of the Improvements, t City shall have the right to enter the Property and conduct an inspection of the complet Improvements. I 6.6 The Owner further agrees that it will, within thirty (30) days of completion of ea -F-9 dwelling unit as it issued a Certificate of Completion by the City, provide theCITY with a swo report, written on Owner's letterhead and signed by a designated representative of Owner, whi contains the following information: I (a) A copy of the printout from the Lamar County Appraisal District showing the market value of the Property prior to the construction of the Improvements; (b) Detailed description of the Iraprovements; (c) A copy of or identification of plans and specifications of constructed improvements and the location of the same for inspection by City's Building Official; F Mr Mm��� (e) The date of substantial completion of the specific linprovements as defined in paragraph 2.1 hereof, and 6.7 Owner further agrees that it will provide City with an annual, sworn report whi shall certify, in writing, that it is in compliance with each applicable term of this Agreement. Su annual report shall be furnished on the forms provided by the City. I E. Authority to Contract. 6.8. This Agreement was authorized by resolution of the City Council at its regularly scheduled meeting on the 12 1h day of January, 2026 authorizing the Mayor to execute the Agreement on behalf of the City. 6.9 This Agreement was entered into by Owner pursuant to the authority granted to the authorized official whose signature appears below. 6.10. This Agreement shall constitute a valid and binding Agreement between the City and Owner when executed in accordance herewith, regardless of whether any other taxing unit executes a similar agreement for tax abatement. i .a , 6.11 No officer, official or agent of the City has the power to amend, modify or alter this Agreement or waive any of its conditions or to bind the City by making any promise or representation not contained herein. 6.12 This Agreement, except by operation of law, shall not be assigned or transferred by Owner, without the prior written consent of City, which consent shall be at the sole discretion of the City. 6.13 Any written notice required or permitted under the terms of this Agreement shall be given and be deemed to have been duly served if either (1) delivered in person, or (2) deposited certified mail, return receipt requested, postage prepaid in the United States mail, addressed to the designated representative of the respective parties which are designated as follows: OWNER: Volanda R. Hill 925 Fairway St. Paris, Texas 75460 (Forte purposes of reporting this Agreement to the Office of the Comptroller of the State of Texas, Owner's telephone number is 214-537-0486) CIT'T: CITY OF PARIS, TEXAS Attn: City Manager P. 0. Box 9037 Paris, TX 75461-9037 With a copy o: City Clerk, City of Paris, Texas (Address same as above) 6.14 If any term or provision of this Agreement shall be declared unconstitutional or voi by any court of competent jurisdiction, the constitutionality and validity of the remainder said Agreement shall not be affected thereby, and to this end the terms and provisions of th Agreement are declared to be severable. I 6.15 This Agreement sets forth the entire understanding between the parties, and any other understandings or agreements shall be canceled and superseded by this Agreement upon the date of execution hereof. None of the terms of this Agreement shall be waived, discharged, altered or 001alifi referring to this Agreement. The captions in this Agreement are included for convenience only and shall not be taken into consideration in any construction or interpretation of this Agreement or any of its provisions. This Agreement is perfon-nable in Lamar County, Texas, and shall be governed by, construed and enforced in accordance with the laws of the State of Texas. The provisions of this Agreement shall apply to, bind and inure to the benefit of the City, Owner, and their respective successors, and permitted assigns, if any. 6.16 Venue for any actions arising under this Agreement shall lie exclusively in the courts of Lamar County, Texas, for any State Court action, and in the U.S. District Court for the Eastern District of Texas for any federal court action. 6.17 MANDATORY ANTI -BOYCOTT AND OTHER PROVISIONS. Owner, by executing this agreement, certifies the following: i. Pursuant to Section 2271.002 of the Texas Government Code, Owner certifies that either (i) it meets an exemption criterion under Section 2271.002; or (ii) it does not boycott Israel and will not boycott Israel during the term of the Agreement. Owner acknowledges this Agreement may be terminated and payment withheld if this certification is inaccurate. ii. Pursuant to SB 13, 87th Texas Legislature, Owner certifies that either (i) it meets an exemption criterion under SB 13, 87th Texas Legislature; or (ii) it does not boycott energy companies, as defined in Section 1 of SB 13, 87th Texas Legislature, and will not boycott energy companies during the term of the Agreement. Owner acknowledges this Agreement may be terminated and payment withheld if this certification is inaccurate. iii. Pursuant to SB 19, 87th Texas Legislature, Owner certifies that either (i) it meets an exemption criterion under SB 19, 87th Texas Legislature; or (ii) it does not discriminate against a firearm entity or firearm trade association, as defined in Section l of SB 19, 87th Texas Legislature, and will not discriminate against a firearm entity or firearm trade association during the term of the Agreement. Owner acknowledges this Agreement may be terminated and payment withheld if this certification is inaccurate. iv. Pursuant to Subchapter F, Chapter 2252, Texas Government Code, Owner certifies Owner (1) is not engaged in business with Iran, Sudan, or a foreign terrorist organization. Owner acknowledges this Agreement may be terminated and payment withheld if this certification is inaccurate. WITNESS our hands this 12th day of January, 2026. THE CITY OF PARIS, TEXAS By-. Mihir Pankaj, Mayor ATTEST: Janice Ellis, City Clerk APPROVED AS TO FORM: Stephanie H. Harris, City Attorney VOLANDA R. HILL STATE OF TEXAS COUNTY OF LAMAR BEFORE ME, the undersigned authority, on this day personally appeared Mihir Pankaj, Mayor, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed, and in the capacity therein stated. Given under my hand and seal of office this 12th day of January, 2026. Notary Public, State of Texas STATE OF TEXAS COUNTY OF LAMAR BEFORE ME, the undersigned authority, on this day personally appeared Volanda R. Hill, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed, and in the capacity therein stated. Given under my hand and seal of office this _ day of January, 2026. Notary Public, State of Texas Exhibit 1 µ TIs REXAS Where Texans Reach Higher PL -INFO -0007 (rev 08%24) CITY OF PARIS, TEXAS APPLICATION FOR RESIDENTIAL TAX ABATEMENT (5 in 5) Applicant Name: N �. 4 ..� _ . _..DBA. ,,.......__.. .. .... _.........�...... ..__................� ,4 irk Mailing Address ,,�,�:� .. �� w..�..�.. �.....a �. .���,�.��...o....�M�. �.�... ���..W,,�,��a�� ... ...w.. mm �.W_."..;... Telephone #:.....,7 M. t.......? Email: owner- Name:,— Mailing wner:Name:Mails Address1'� .5-F ..... Telephone #: 1a - (� Email�.y Property Parcells) Proposed for Agreement: No. r LOAD # Adress Lot ^yBlock Addition ................��.....��.........�w.....� �....w�w...................w...................o.._..... ..�o�.�� .._.........,��� �.�� ����"...........o............._.��.......... . . — . . . .............. 3. �.4._......���..........................................��.���..............._..............„...„�����.��.._�.......�.�.�.�..��.... , 5. Add add ltional sheets if necessary. Full Legal Description: Include as an attachment a full legal description with metes and bounds or a copy of the deed, if available. Improvements: Type improvements for new construction (check one): ASF ❑ ZF ❑ MF Total Number of Dwelling Units: I Estimated Value of Improvements by type: Estimated Start Date of Construction: Estimated Date of Completion of Projects) . ami .....,.'.". ..."' . 4... Description of Project (attach site plan, floor plan, etc.): w Applicant's Signature Owner's Signature: V ..w " .1 . — Date:.,..." Date: , Azo ACCOUNT DTFORMATION v". CHECKIPIG ACCOUNT FAFCM ER j 5&KK&.TRUST ACCOUNT TITLE AND ADDRESS VOLANDA HILL or CAROL WALLACE HILI. with Right of Survivorship MAILING ADDRESS PHYSICAL. ADDRESS 925 FAIRWAY ST 925 FAIRWAY ST PARIS, TX 75460 PARIS, TX 754b0 m j ACCOUNT OPEN DATE i ACCOt7itCNUlI[tiER � OWNCILSIi[PTYPE PILODQCFPtAi4IE IPtiTiAi.D&POSLC October 8, 2025 66020553p ' Multiple -Party with Right � FARMERS CHECKIN $80,000.00, of Survivorship f L-----1.µ ... DEFINI11 TIO11 NS. "You," "your," "account owner." and "party" refer to the Customer, whether or not there are one or more Customers uamedore the account, and the terms "we," "us," and "our" refer to the Bankjarmers Bank & Trust. IMPORTANT ABO.. _ .._.. IMPO T INUT PROCEDURES FOR OPENING A NEW ACCOUNT 1To help the government fight the funding of terrorism and money laundering activities,, Federal law requires afl I anciaf institutions to! obtain, verify, and record information that identifies each person who opens an account What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that Willi � signing this document, you acknowledge that you, identifying documents_ fallow us to identify you. We may also ask to see your drivers license or other . ACKNOWLEDGMENT. By sign' g y g y , have opened the type of account designated above. The undersigned certify that all information provided to the Bank is true and accurate. Alt signers authorize this Bank toy make- inquiries from any consumer reporting agency, including a check protection service, in connection with this account. Your signature acknowledges the receipt of the appropriate Account Agreement for the type of account designated above and that you agree to be bound by the Account Agreement. As your account is a Multiple -Party account, you acknowledge that you have been provided with and understand the terms relating to accounts with multiple account owners in general, and to your account in particular, as stated. in the: Account Agreement. You acknowledge that you have received the following document(s): • Substitute Check Policy Disclosure • Funds Availability Policy Disclosure • Electronic Fund Transfer Disclosure and Agreement • Truth rn Savings - Farmers Checking Account • Fee Schedule • Privacy Policy (if a copy was not previously provided to you) nel-S9 ner Required for Withdrawals CAROL W _. , .. w VOLANDA HILL �Ilate ALLACB HILL Date; AAccount Owner Account Owner fKt1b48"Ir iAt-!025.49.0.Zr O Tmstagc Compliance Sofutian5 2001-2025 pazt 1 of 3 Acrount rnfnmativa- Chedipg A1ca4nl.QD80Q2 uk" a47sladyl - Branch 066 . _. ___.._........ nin nar'arr11011 N 111111M ID11 M1111m M 1111111/1 nt1 IIIIIII�`I�II�,II'III�II�����IIII����� I11QI111Ill 11111IINIIIIIIIIIIIIIIIIIIII1110111111uu,nu * N A A 1 7 3 0 7. 6 6 0 2 0 5 5 3 7 D X 4 5 7 4 1 6 6 4 5 % D D o 8. D 0. Z 1, X 1 Q 0 6 Z 0 Z' S 1011111111011111, Owner: Primary Address Mailing Address: vOLANDA HILL 925 FAIRWAY ST PARIS, TX 75460 925 FAIRWAY ST PARIS, TX 75460 Title/Capacity: Account Owner, Occupation: RETIRED Employer: RETIRED Identification Document DL - Drivers License No.: 10806923 ID Issued By: TX ID Issuing Location: TX ID Issue Date: October 2, 2025 ID Expiration: April 6, 2033 Owner: CAROL WALLACE HILL Primary Address: 925 FAIRWAY ST PARIS, TX 75460-4968 Mailing Address: 925 FAIRWAY ST PARIS, TX 7546011968 Title/Capacity: Account Owner Occupation: HOME HEALTH SVS WRKR Employer: HILLS HELPING HANDS Identification. Document Drivers License No.- 09233623 M Issued By. TX ID Issue Date: November 2, 2023 11) Expiration December I4, 2031 Tax ID Number: 457-41-6645 Date of Birth: - April. 6,,1965 Cell Phone: (214)537-0486 Email Address: HGHOSTF®YAHOO.COM Tax ID Number: 455-29-3243 Date of Birth: December 14, 1959 Cell Phone: (903)517-9772 Email Address: CWALLACE1959@YAHQQ-COM . _.__ _........... _�� TAXPAYER IDENTIFICATION NUMB] 457-41 664 R (T.LN.) CERTIFICATION 5 Under penalties of perjury, I certify that; I - The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me), and 7, I am not subject to backup withholding because: (a) I am exempt from backup withholding, or (b) l have not been, notified by the Internal Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all, interest or dividends, or(c) the. as has notified me that I am no longer subject to backup withholding, and 3- I am a U.S. citizen: or other U.S. person (defined in the instructions for the IRS Form W-9), and 4. The FATCA code(s) entered on this form (if any) indicating that I am exempt from FATCA reporting is correct. Certification Instructions. You must cross out item 2. above. if you have been notified by the IRS that you are currently subject to backup withholding because you have failed to report all interest and dividends on your tax return- For real estate transactions, item 2 does mot apply. For mortgage interest paid, acquisition or abandonment of secured property, cancellation of debt; contributions to are individuaIl retirement: arrangement (IRA), and generally, payments other than interest and dividends, you are not required to sign the Certification, but you must: provide your correct TIN The Internal Revenue Service does not require your consent to any provision, of.' this document Qther thatt lite certifications required to avoid backup withholding. Signature of U.S. person: VOLANDA HILL Exemptions (see IRS Form W-9 instructions).. Exemptpayee (if any) y)Exemption from FA CAre . ortmg code (rf ap y). .. . , �..�..._._ Date UNIFORM SINGLE -PARTY OR MULTIPLE -PARTY ACCOUNT SELECTION. You acknowledge that you. received the UnjfQtm Single -Party or Multiple -Party Account Selection Form Notice. By placing, your initials below, you indicate that the following account ties been. selected. (Nc5h49c-0 WOt, M25-49' 02. O TmSmge Coumpiionce Soiutio,ta 2001-202A Fo&e 2 of 3 Acmunr rnforrna6cn- ChgkingAmu.W. 0084ph Uacrs479neiy:-Braoeh.066 ---...---_.__.- ....... ,-„.,,, --- n,n—,"M nnr nm M4 ontno mor. H�B�I�I1�IIIInMD��9II�II�I�IIIIIRIIIIIINIIIIBIII�II�IIIV5�IIIVI�II��I�IId94IluIIIINDI�II�III�IIIIIIVaIIIIIIINIIIIIIIIIIIIUIIiIIIIIIIINZ IIBUIIIIIIEIIU �s MULTIPLE -PARTY TY ACCOSUNT 'i rTir RIGHT OF SURVIVORSHIP, "rlveP rar�ties to the account own, tome accoun-.t ist Proportion to the Faal6cs" muett cuarattibutltrta t to the account.The financial institution quay Paay any stuns N the account to a Tsary ErrWa is at arty time, On the swath of a paatly, the Plays, ownctslslF of talo; accowlt pvasse» to tfnc FurvMng ppardm butter tgac names of the p artpa";,s, VO]LANDA HILL and CAROL WAILACE HILL.. nm Pap 3 00 Ac�t ...v,-�iniiHr piiq-ipii!ginpi�iai�,rgi;;si�iii� ,�ainirg p��uiigiik�uniuirtioi�,�iim���iiAi�mpoiu�;s i�iennsms� � WAW FA R.( ER S BANK&TRUST MyFarmers Online Banking Application Customer Name: VOLANDA HILL CIF Number: HAA1730 Email Address: HGHOSTF@YAHOO.COM MyFanrers Online Banking ID Number: 714850039443 I hereby accept the terms and conditions set forth by Farmers Bank & Trust concerning its MyFarmers OnGn.e Banking Agreement and Disclosure Statement. I authorize Farmers Bank & Trust to post payment transactions generated by personas computer from the: Online Bill Payment Service to the account I Indicate on my MyFarmers account. [ understand that I am In full; control of my account. If at any time I decide to discontinue service, I will" provide written notification to Farmers Bank & Trust. My use of Online Bill Payment signifies that I have read and accepted all the terms and conditions of Internet Bill Pay. I understand that payments may take up to 5 to 10 days to reach the vendor and that they will be sent either electronically or by check. Farmers Bank & Trust is not liable for any service fees or late charges [ev[ed against me. I also understand that I am responsible. for any loss or penalty that I may due to incur insufficient funds or other conditions that may prevent the withdrawal of funds from my account. *You received 'Reg E' when you opened your account. If you would like another copy, please request one nQw, ** You received 'Reg DD' when you opened your account. If you would like another, copy, please request one now. } 2--S— Customer .S"'-.Customer Signature Date UNIFORM SINGLE -PARTY OR MULTIPLE -PARTY ACCOUNT SELECTION FORM, NOTICE, The., type of account you select may determine how property passes on your death. Your will may not control the disposition of funds held: in some. of the following accounts. You may choose to designate one or more convenience signers on an account, evert if the account is not a convenience account. A designated convenience signer may make transactions on your behalf during; your lifetirner but does riot own the account during your lifetime. The designated convenience signer owns the account on. your death only if thp, convenience. signer is also designated as a P.O.D. payee or trust account beneficiary. Select one of the following accounts by placing your initials next to the account selected: (1) SINGLE -PARTY ACCOUNT WITHOUT °'P,O.D." (PAYABLE ON DEATH) DESIGNATION. The party to the account owns the account. On the death of the party, ownership. of the. account passes as a tnitlots part of the party's estate under the party's will, or by intestacy. (2) SINGLE -PARTY ACCOUNT WITH "P.O.D." (PAYABLE ON DEATH) DESIGNATION The. party to the account owns the account, On the death of the patty, ownership of the account passes tea the rnrtiars P.O.D. beneficiaries of the account. The account is not a part of the party's estate, (3). MULTIPLE -PARTY ACCOUNT WITHOUT RIGHT OF SURVNORSHIJ ". The parties to t1w account own the account in proportion to the parties' net contributions to the account. The financial` institution fnitiafx may pay any sum in the account to a party at any time. On the death, of a party, the party's ownership of the account passes asg a. part of the party's estate under the party's will or. by intestacy, V i (4) MULTIPLE -PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP, The parties to the account _ r „ own the account in proportion to the parties' act contributions to the account. The financial institutti on maypay t^i'iar^ any sum in the account to a party at any time, On the death of a party, the party's ownership of the account passes to the surviving parties. (S) MULTIPLE -PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP AND, P',O,D, (rAYABLE ON DEATH) DESIGNATION. The parties to the account own the account in proportion: to. tGe parties" net- contributions etcontributions to the account. The financial institution may pay any sum in the account tQ a party Al any, time', On the death -of the last surviving party, the ownership of the account passes to tate P,O,D. beneficiaries, (6) CONVENIENCE ACCOUNT. The parties to the, account own the account, One: or more convenience _ signers to the account may make account transactions for a party. A. convenience. signer dQes not own the, rnniars account. On thedeath of the last surviving; party, ownership of the account passes as a part of the fast surviving party's estate under the: Iast surviving party's will or by intestacy, The. financial institutiort may pay funds in the account to a convenience signer before the financial institution_ receives notice of the death of the last surviving party; The payment to a convenience signer does not affect the. parties' ownerMip of tba account. (7) TRUST ACCOUNT. The patties named as trustees to the. account own the account hi proportion to the parties' net contributions to the account. A trustee may withdraw funds from the account, A beneficiary, may. Indials not withdraw funds from. the account before all trustees are deceased. On. the deatit of the last surviving trustee, the. ownership of the. account passes to the beneficiary: The tntst account is not a part of a trustee's estate. and, does not pass under. the trustee's will or by intestacy„ unless the trustee; survives al[ of the: beneficiaries and all othertrustees. ACIfNOWLEDGMENT. I acknowledge. that I have read each paragraphof this form and have received. disclosure of the ownership rights to the accounts listed above. I have placed my initials next to the type of account I want, ✓ VOLANDA HILL at CAROL WALLACE HILL ate f1,'fsstSt rC=pffanee Solutions 2018-2025 V.8005-0 tgg43g., 2025.49.0.2; Uses t470adyl. - 6ranch 066 Page ] of 1 Aneeat. SetgCft.1:9m1- 441443 Y�SIi@�1 71136111,IIIIi1NI�IHII�5I5�IIA'liOfl Ig911�V�IIIIIdiYI�5IPIN�I�IId�0Itl3JIIINI�I�IBN�0. 2 5SIE VOLANDA HILL Customer Number: HAA1730 CAROL WALLACE HILL Account Number: XXXXXXXXXXXX0553 925 FAIRWAY ST Interest Rate: 0.000000% PARIS TX 75460 Previous Statement Balance: $0.00 Average Balance: $0.00 Date Range: 9/8/2025-10/8/202S 10/08/2025 Credit $80,000.00 $0.00 VTXTLR DWR664 This temporary statement from Farmers Bank & Trust Company is not a formal statement of your account. These items will be reflected again on your regularly scheduled statement. October 8, 2025 Page: 1 w Nei „ qAsAa a..Ow a a ranzi LBO OWN I �e*BetiJul asammo Gissia « e 6wnw r�M .edaQaHueJsl�v �A a nen �;,, � "''+,`^�., � '",......,�..�............... ..._.,.., ssgld sau+aFi UXW1 uo*IWeH OOtlS lift".1,11HOMON i a�� ,�w, .,, ''rrvu�,rocwrowwauvm�r,nJ t I 12 Ma t IMtti!la��a3i!!3!!i = E F u y .....�.......:�......,, ..... mm ,.�,., ......w ...... u �IIo uoParJ'�NQ'aiAvm: iv t. 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