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2026-018 - Approving a Professional Services Agreement with Lone Star Developments, LLC regarding TIRZ No. 2 (Forestbrook Blvd)A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS APPROVING A PROFESSIONAL SERVICES AGREEMENT WITH LONE STAR PLANNED DEVELOPMENTS, LLC RELATING TO CITY OF PARIS TAX INCREMENT REINVESTMENT ZONE NO. 2; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, on December 8, 2025, the City Council of the City of Paris, Texas passed Ordinance No. 2025-028 creating City of Paris Tax Increment Financing Reinvestment Zone No. 2 ("TIRZ No. 2") on property surrounding the Forestbrook Estates residential subdivision for the purpose of constructing a major thoroughfare to be named "Forestbrook Boulevard;" and WHEREAS, to that end, the City has engaged several consultants to assist with finalizing the Financing and Project Plans and to assist with revenue projections; and WHEREAS, the developer, Lone Star Planned Developments, LLC ("Developer") has agreed to the terms of the Professional Services Reimbursement Agreement attached hereto as Exhibit A, pursuant to which Developer will forward the sum of $25,000.00 to the City for use in paying for the services of said consultants; 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 for all purposes. Section 2. The City Council hereby approves the Professional Services Reimbursement Agreement attached hereto as Exhibit A attached hereto and incorporated herein by reference and authorizes the City Manager to execute same. Section 3. This resolution shall become effective from and after the date of passage. PASSED AND APPROVED this 27th day of April, 2026. '� / ,`off j �B Mihir Pankaj, Nfayor ATTEST: I HE 6�ice Ellis, Deputy City Clerk A••... ............... TEXPS\\\\\\\ NIII 111W APPROVED AS TO FORM: Ste iWa+"' H. Harris, hty Xttorney Exhibit A PROFESSIONAL SERVICES REIMBURSEMENT AGREEMENT This Reimbursement Agreement (this "Agreement"), effective as of the day of , 2026, (the "Effective Date"), is made and entered into by and between The City of Paris, Texas ("City") and Lone Star Planned Developments, LLC, a Texas limited liability company ("Owner"), here.n collectively referred to as ("Party" or "Parties"). WHEREAS, Owner owns the majority of approximately 240.6 acres of contiguous land (the "Property") in the Scutheast part of the City upon which Owner has developed the first phase of a residential subdivision called Forestbrook Estates ("Forestbrook"); and WHEREAS, City's Master Thoroughfare PIan calls for the construction of an arterial street (the "Street") through the Property to the north of Forestbrook connecting Southeast Loop 286 to Collegiate Drive; and WHEREAS, the Parties hereto wish to collaborate to enable the financing and construction of the Street so as to encourage further residential and commercial and retail development in the Southeast part of the City; and WHEREAS, to that end, on or about December 8, 2025, in Ordinance No. 2025-028, (the "Ordinance"), the City Council of City created Tax Increment Reinvestment Zone No. 2 (the "TIRZ") comprising the Property to help finance the construction of said Street; and WHEREAS, the Parties hereto recognize that the City will continue to incur expenses through the entire TIRZ review process until through the life of the TIRZ ("City Expenses") including but not limited to: professional services, legal publications, notices, reproduction of materials, recording of documents, engineering fees, attorney fees, special consultant fees, and fees for administrative tirr-e of City staff; and WHEREAS, as a part of the City Expenses, the Owner hereby agrees to pay for reasonable and necessary professional services provided by the consultants listed onx i it fl, and by additional consultants approved in writing by the Owner (collectively, the "City Consultants"); NOW, THEREFORE, in consideration of the mutual benefits and promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 1. Payment for Professional Services. The Owner shall deposit with the City $25,000.00 for payment of City Expenses necessary to conduct the review and creation of the TIRZ final Financing and Project Plans within ten (10) days of receipt of request by the City: (a) City agrees to hold all Owner' s contributions in a separate fund maintained by the City which may only be used for City Expenses related to the TIRZ. 4871-0204-2326M (b) The City will pay City Expenses out of the amount deposited with the City and keep accounting of all charges for City Expenses incurred for the TIRZ and any unused contributions shall be returned to the Owner. (c) Owner agrees that in the event the balance of funds for City Expenses falls below $7,500, the City shall notify Owner in writing and provide Owner with an estimate of cost overruns to the PSA Deposit if the City predicts the remaining services will exceed the remaining $7,500 balance, and Owner, within fifteen (15) business days, shall either (i) object in writing and thereby terminate this Agreement; or (ii) remit an additional amount of not less than $10,000. (d) In the event the balance for City Expenses is exhausted, upon notice, Owner shall pay the balance owed in full within fifteen (15) days in addition to the remittance of the additional funds as provided above. (e) In the instance that deposits of additional funds are not timely made, the City has no obligation to incur any additional costs and expenses in connection with the TIRZ. (f) Failure of Owner to meet its obligations above may result in the suspension or revocation of any active development permits for the Street, if any. (g) Upon request, the City shall provide to Owner a statement identifying all disbursements from the account for City Expenses for any City Consultant fees that are consistent with Exhibit B. 2. No Obligation to Issue Bonds. The Owner acknowledges that neither the TIRZ nor the City have any obligation to issue any bonds or other indebtedness with respect to the Street or for any other purpose, and nothing contained within this Agreement shall create any such obligation. The Owner's obligation to pay the City Expenses shall exist and continue independent of whether any bonds or other indebtedness are approved. This Agreement shall confer no vested rights or development rights on the Property or to the Owner. Further, this Agreement shall provide no assurances, promises, or covenants to approve any development in the Property. 3. Dissolution of the TIRZ. Owner acknowledges that the Ordinance provides that City may, by separate ordinance, dissolve the TIRZ in the event that the Parties are unable to come to terms on a Development Agreement relating to the construction of the Street, and that City has no intention of constructing the Street absent participation by Owner. Nothing in this Agreement obligates City or the TIRZ to undertake any construction or to finance any construction absent a Development Agreement approved by the City Council. Should the Parties fail to come to terms on a Development Agreement within a reasonable period as determined by City, the City shall dissolve the TIRZ and return any funds provided by Owner under this Agreement. 4. Termination. Either Party may terminate this Agreement for any reason or for no reason by providing at least five (5) days' written notice of termination. Termination of this 4871-0204--2326.v 1 Agreement shall be the sole and exclusive remedy of the City and the Owner, as the case may be, for any claim by either Party of any breach of this Agreement by the other Party. The City shall be entitled to pay Consultants for all Professional Services incurred through the date of termination; however, any excess funds remaining after such payments have been made shall be promptly refunded to the Owner. Termination of this Agreement is a separate grounds for dissolving the TIRZ. Notwithstanding any other provision of this Agreement to the contrary, the obligation to repay such excess funds to the Owner in the event of a termination shall survive any termination ofthis Agreement, and the Owner does not release or discharge its right to such excess funds. 5. Entire Agreement. This Agreement contains the entire agreement between the Parties with respect to the transactions contemplated herein. 6. Amendment. This Agreement may only be amended, altered or revoked by written instrument approved by the City Council. 7. Successors and Assigns. Neither City nor Owner may assign or transfer their interest in the Agreement without prior written consent of the other Party. 8. Notice. Any notice and/or statement required and permitted to be delivered shall be deemed delivered by depositing same in the United States Mail, Certified, with Return Receipt Requested, postage prepaid, addressed to the appropriate party at the following addresses, or at such other addresses provided by the parties in writing: Com: City of Paris Rose Beverly, City Manager 135 1st St SE Paris, Texas 75460 Email Address: rvine@paristexas.gov Phone Number: (903) 784-9216 Owner: Lone Star Planned Developments, LLC Nathan Spaulding, Managing Member 609 S Coliad St 4656, Rockwgall, Texas 75087 Email Address: nspaulding@lonestarpds.com Phone Number: (972) 804-4789 9. Interpretation. Regardless of the actual drafter of this Agreement, this Agreement shall, in the event of any dispute over its meaning or application, be interpreted fairly and reasonably and neither more strongly for or against either party. 4871-0204-2326.vi 10. Applicable Law. This Agreement is made, and shall be construed in accordance with the laws of the State of Texas and venue shall lie in Lamar County, Texas. 11. Severability. In the event any portion or provision of this Agreement is illegal, invalid, or unenforceable under present or future law, then and in that event, it is the intention of the parties hereto that the remainder of this Agreement shall not be affected thereby, and it is also the intention of the parties to this Agreement that in lieu of each clause or provision that is found to be illegal, invalid or unenforceable, a provision be added to this Agreement which is legal, valid and enforceable and is as similar in terms as possible to the provision found to be illegal, invalid or unenforceable. 12. Counterparts, This Agreement may be executed in multiple counterparts, each of which shall be considered an original, but all of which shall constitute one instrument. [SIGNATURE PAGES FOLLOW] 4871-0204-2326.0 CITY OF PARIS, TEXAS Rose Beverly, City Manager Date: OWNER LONE STAR PLANNED DEVELOPMENTS, LLC, a Texas limited liabili com any By: Name: Nathan Sf a din Title: Manager Date: fo 487 t-0204-232G.v i Exhibit A Ordinance No. 2025-028 Creating Tax Increment Reinvestment "Lone No. 2 and Setting Forth the Metes and Bounds Description of Property Contained Therein 4871-0204-2326.v1 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. WHEREAS, the City Council of the City of Paris, Texas, (the "City"), desires to promote the development of a certain contiguous geographic area within its jurisdiction by the creation of a reinvestment zone, as authorized by the Tax Increment Financing Act, Chapter 311 of the Texas Tax Code, Vernon's Texas Codes Annotated (the "Act"); and WHEREAS, the purpose and intention of the reinvestment zone is to enable the financing of an arterial street connecting Southeast Loop 286 to South Collegiate Drive, which streetwill run through the Forestbrook Estates housing development; and WHEREAS, in compliance with the Act, the City has called a public hearing to hear public comments on the creation of the proposed reinvestment zone and its benefits to the City and the property in the proposed reinvestment zone; and WHEREAS, in compliance with the Act, notice of such public hearing was published on November 30, 2025, in The Paris News, a paper of general circulation in the City, such publication date being not later than seven (7) days prior to the date of the public hearing; and WHEREAS, such hearing was convened at the time and place mentioned in the published notice, to wit, on the 8th day of December, 2025 at 5:30 p.m. in the City Hall of the City of Paris, Texas; and WHEREAS, the City, at such hearing, invited any interested person, or his attorney, to appear and speak for or against the creation of the reinvestment zone, the boundaries of the proposed reinvestment zone, whether all or part of the territory which is described and attached hereto as Exhibit "A" and depicted on the map attached hereto as Exhibit 'B" should be included in such proposed reinvestment zone, the concept of tax increment financing and the appointment of a board of directors of the proposed reinvestment zone; and WHEREAS, all owners. of property located within the proposed reinvestment zone and all other taxing units and other interested persons were given a reasonable opportunity at such public hearing to protest the creation of the proposed reinvestment zone and/or the inclusion of their property in such reinvestment zone; and WHEREAS, the proponents of the reinvestment zone offered evidence, both oral and documentary, in favor of all of the foregoing matters relating to the creation of the reinvestment zone, and opponents, if any, of the reinvestment zone appeared to contest creation of the zone; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: SECTION 1. That the facts and recitations contained in the preamble of this ordinance are hereby found and declared to be true and correct and are incorporated herein for all purposes. SECTION 2. That the City council, after conducting such hearing and having heard such evidence and testimony, has made the following findings and determinations based on the evidence and testimony presented to it: a) That the public hearing on adoption of the reinvestment zone has been properly called, held and conducted and that notice of such hearing has been published as required bylaw. b) That creation of the proposed reinvestment zone with boundaries as described in Exhibits "A" and "B" will result in benefits to the City, its residents and property owners, in general, and to the property, residents and property owners in the reinvestment zone. c) That the reinvestment zone, as defined in Exhibits "A" and `B", meets the criteria for the creation of a reinvestment zone set forth in the Act in that: 1. It is a contiguous geographic area located wholly within the corporate limits of the city. 2. The area is predominately open, undeveloped or underdeveloped, and lack of necessary public improvements impairs growth. d) That 30 percent or less of the property in the proposed reinvestment zone, excluding property dedicated to public use, is used for residential purposes, which is defined in the Act as any property occupied by a house which has less than five living units. e) That the total appraised value of all taxable real property in the proposed reinvestment zone according to the most recent appraisal rolls of the City, together with the total appraised value of taxable real property in all other existing reinvestment zones within the City, according to the most recent appraisal rolls of the City, does not exceed 50 percent of the current total appraised value of taxable real property in the Town and in the industrial districts created by the City, if any. f) That the proposed reinvestment zone does not contain more than 50 percent of the total appraised value of real property -taxable by a county or school district. g) That the improvements in the reinvestment zone will significantly enhance the value of all taxable real property in the reinvestment zone. h) That the development or redevelopment of the property in the proposed reinvestment zone will not occur solely through private investment in the reasonable foreseeable future. SECTION 3. That the City hereby creates a reinvestment zone over the area described in Exhibit "A" attached hereto and depicted in the map attached hereto as Exhibit "B" and such reinvestment zone shall hereafter be identified as City of Paris Tax Increment Financing Reinvestment Zone Number Two, (the "Zone" or "Reinvestment Zone"). SECTION 4. That there is hereby established a board of directors for the Zone that shall consist of five members. The board of directors of City of Paris Tax Increment Financing Reinvestment Zone Number Two shall be appointed as follows: a) Five members shall be appointed by the City Council of the City of Paris. The initial board of directors shall be appointed by resolution within sixty (60) days of the passage of this ordinance or within a reasonable time thereafter. All members appointed to the board shall meet the eligibility requirements set forth in the Act. At the time of passage of this ordinance, the governing bodies of other taxing units that levy taxes on real property in Tax Increment Financing Reinvestment Zone Number Two have chosen not to pay any of their taxes into the Tax Increment Fund and have waived their right to appoint board members. b) The terms of the board members shall be two-year terms, two of whom will be employees ofthe City. The City Council shall designate a member of the board to serve as chairman and other officers as it sees fit. c) The- board of directors shall make recommendations to the City Council concerning the administration of the Zone. It shall prepare and adopt a project plan andreinvestment zone financing plan for the Zone and must submit such plans to the City Council for its approval. The Board of directors shall possess all powers necessary to prepare, implement and monitor such project plan and financing plan for the reinvestment zone as the City Council considers advisable, including the submission of an annual report on the status of the Zone. SECTION 5. That the Zone shall take effect on January 1, 2025 and that the termination of the Zone shall occur on December 31, 2054, or at an earlier time designated by subsequent ordinance of the City Council in the event the City determines that the Zone should be terminated due to insufficient private investment (including but not limited to the inability to reach a development and reimbursement agreement with the private developer of the Forestbrook Estates housing development within 60 days of the date of this Ordinance), accelerated private investment, or other good cause, or at such time as all project costs and tax increment bonds, if any, and the interest thereon, have been paid in full. SECTION 6. That the Tax Increment Base for the Zone, which is the total taxable value of all real property located in the Zone, is to be determined as of January 1, 2025, the year in which the Zone was designated a reinvestment zone. SECTION 7. That there is hereby created and established a Tax Increment Fund for the Zone which may be divided into such subaccounts as may be authorized by subsequent resolution or ordinance, into which fifty percent (50%) all ad valorem Tax Increments over and above the Tax Increment Base, less any of the amounts not required to be paid into the Tax Increment Fund pursuant to the Act, are to be deposited. The Tax Increment Fund and any subaccounts are to be maintained in an account at the City's affiliated depository bank and shall be secured in the manner prescribed by law for funds of Texas cities. In addition, all revenues from the sale of any tax increment bonds and notes hereafter issued by the City, revenues from the sale of any property acquired as part of the tax increment financing plan and other revenues to be dedicated to and used in the Zone shall be deposited into such fund or subaccount from which monies will be disbursed to pay project costs for the Zone or to satisfy the claims of holders of tax increment bonds or notes issued for the Zone. SECTION 8. That if any section, paragraph, clause or provision of this Ordinance shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such section, paragraph, clause or provision shall not affect any of the remaining provisions of this Ordinance. SECTION 9. That the repeal of any ordinance or part of ordinances affected by the enactment of this ordinance shall not be construed as abandoning any action now pending under or by virtue of such ordinance or as discontinuing, abating, modifying, or altering any penalty accruing or to accrue, or as affecting any rights of the municipality under any section or provisions of any ordinance at the time of passage of this ordinance. SECTION 10. That it is the intention of the City Council of the City of Paris that this ordinance, and every provision hereof, shall be considered severable, and the invalidity or partial invalidity of any section, clause, or provisions of this ordinance shall not affect the validity of any other portion of this ordinance. SECTION 11. This Ordinance shall take effect immediately from and after its passage and the publication of the caption, as the law and charter in such cases provide. SECTION 12. That it is hereby officially found and determined that the meeting at which this ordinance was passed was open to the public as required by law, and that public notice of the time, place, and purpose of said meeting was given all as required by Section 551.041, Texas Government Code. PASSED AND ADOPTED on this 8th day of December, 2025, by the City Council of the City of Paris, in regular session, following notice and publication as required by law. SNE cl ry /�* Off, �� Qom• • . A i ATTEST: ice Ellis, City Clerk ��///iiijIjT v` APPRO D AS TO FORM: S nie H. Harris, City Attorney J ihir Pankaj, Mayor Exhibit A Boundary Description— City of Paris Tax Increment Reinvestment Zone No. 2 Tract 1: TRACT 1 114.473 ACRES 1N THE JOSEPH LEACH SURVEY, A-524, LAMAR COUNTY, TEXAS FIELD NOTES TO ALL THAT CERTAIN TRACT OR PARCEL SITUATED IN THE JOSEPH LEACH SURVEY, ABSTRACT NUMBER 524, LAMAR COUNTY, TEXAS AND BEING ALL OFA CALLED 76.26 ACRE TRACT OF LAND DESCRIBED IN THE DEED TO LONE STAR PLANNED DEVELOPMENTS, LLC AS RECORDED IN DOCUMENT NUMBER 212730-2024 OF THE OFFICIAL PUBLIC RECORDS OF LAMAR COUNTY, TEXAS, BEING ALL OFA CALLED 4.73 ACRE TRACT OF LAND DESCRIBED IN THE DEED TO LONE STAR PLANNED DEVELOPMENTS, LLC AS RECORDED IN DOCUMENT NUMBER 212726-2024 OF SAID PUBLIC RECORDS, BEING ALL OFA CALLED 2.671 ACRE TRACT OF LAND DESCRIBED IN THE DEED TO PATRICIA A. SHORTAS RECORDED IN DOCUMENT NUMBER 213825-2024 OF SAID PUBLIC RECORDS, BEING ALL OF A CALLED 2.198 ACRE TRACT OF LAND DESCRIBED IN THE DEED TO PATRICIA A. SHORT AND BENNY L. SHORT AS RECORDED IN VOLUME 687, PAGE 426 OF SAID PUBLIC RECORDS, BEING A PART OF A CALLED 91.20 ACRE TRACT OF LAND DESCRIBED AS TRACT 1, BEING A PART OF A CALLED 19.36 ACRE TRACT OF LAND DESCRIBED AS TRACT 2, AND BEING A PART OF A CALLED 4.76 ACRE TRACT OF LAND DESCRIBED AS TRACT 3 IN THE DEED TO LONE STAR PLANNED DEVELOPMENTS, LLC AS RECORDED IN DOCUMENT NUMBER 203288-2023 OF SAID PUBLIC RECORDS, AND BEING A PART OFA CALLED 56.540 ACRE TRACT OF LAND DESCRIBED IN THE DEED TO CHAD HELBERG AND MANDY HELBERG AS RECORDED IN DOCUMENT NUMBER 222421-2025 OF SAID PUBLIC RECORDS AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING ATTHE NORTHWEST CORNER OF THE TRACT BEING DESCRIBED HEREIN, AT A 1/2 -INCH CAPPED IRON ROD FOUND FOR CORNER IN THE SOUTH RIGHT-OF-WAY LINE OFTEXAS AND PACIFIC RAILROAD, ATTHE NORTHWEST CORNER OF SAID 76.26 ACRE TRACT AN D AT TH E NORTHEAST CORNER OFA CALLED 82.654 ACRE TRACT OF LAND DESCRIBED IN THE DEED TO PARIS JUNIOR COLLEGE DISTRICTAS RECORDED IN VOLUME 334, PAGE 286 OF SAID PUBLIC RECORDS; THENCE WITH THE NORTH LINE OF SAID 76.26 ACRETRACTAND SAID SOUTH RIGHT-OF- WAY IGHTOF- WAY LINE, THE FOLLOWING TWO (2) COURSES AND DISTANCES: 1. SOUTH 85 DEGREES 03 MINUTES 03 SECONDS EASTA DISTANCE OF 1213.57 FEET TO A 1/2 -INCH CAPPED IRON ROD FOUND FOR CORNER; 2. WITH A CURVE TO THE LEFT AN ARC LENGTH OF 419.25 FEET, A RADIUS OF 1959.86 FEET, AND WHOSE CHORD BEARS NORTH 88 DEGREES 53 MINUTES 02 SECONDS EAST, WITH A CHORD LENGTH OF418.46 FEETTO A 1/2 -INCH IRON ROD FOUND FOR CORNER, ATTHE NORTHEAST CORNER OF SAID 76.26 ACRE TRACT, THENCE WITH THE EAST LINE OF SAID 76.26 ACRE TRACT, THE FOLLOWING THREE (3) COURSES AND DISTANCES: 1. SOUTH 01 DEGREES 13 MINUTES 32 SECONDS EASTA DISTANCE OF 1634.78 FEET TO A 1/2 -INCH IRON ROD FOUND FOR CORNER; 2. NORTH 89 DEGREES 54 MINUTES 09 SECONDS EAST A DISTANCE OF 314.75 FEET TO A 1/2 -INCH IRON ROD FOUND FOR CORNER; 3. SOUTH 01 DEGREES 03 MINUTES 49 SECONDS EASTA DISTANCE OF 284.11 FEET TO A CAPPED IRON ROD SET (LABELED 4857, TYPICAL) FOR CORNER; THENCE SOUTH 69 DEGREES 51 MINUTES 10 SECONDS EASTA DISTANCE OF 610.89 FEETTO AT -POST FOUND FOR CORNER, ATTHE SOUTHWEST CORNER OFA CALLED 15.824 ACRE TRACT OF LAND DESCRIBED IN THE DEED TO CHAD ALLAN HELBERG AS RECORDED IN DOCUMENT NUMBER 195120-2022 OF SAID PUBLIC RECORDS; THENCE SOUTH 69 DEGREES 12 MINUTES 16 SECONDS EAST WITH THE SOUTH LINE OF SAID 15.824ACRE TRACTA DISTANCE OF 805.38 FEETTO A CAPPED IRON ROD SET FOR CORNER; THENCE NORTH 20 DEGREES 36 MINUTES 24 SECONDS EASTA'DISTANCE OF 12.78 FEET TO A 1/2 -INCH IRON ROD FOUND FOR CORNER, ATTHE NORTHWEST CORNER OF SAID 2.671 ACRE TRACT, THENCE SOUTH 70 DEGREES 31 MINUTES 49 SECONDS EASTA DISTANCE OF 535.75 FEET TO A CAPPED IRON ROD SET FOR CORNER ATTHE NORTHERN MOST NORTHEAST CORNER OF SAID 2.617 ACRE TRACT; THENCE SOUTH 19 DEGREES 26 MINUTES 35 SECONDS WESTA DISTANCE OF 128.19 FEET TO A CAPPED IRON ROD SET FOR CORNER AT THE REENTRANT CORNER OF SAID 2.671 ACRE TRACT; THENCE SOUTH 70 DEGREES 27 MINUTES 13 SECONDS EASTA DISTANCE OF 221.10 FEET TO A 5/8 -INCH IRON ROD FOUND FOR CORNER IN THE WEST RIGHT OF -WAY LINE OF N.W. LOOP 286, ATTHE EASTERN MOST NORTHEAST CORNER OF SAID 2.671 ACRE TRACT, THENCE SOUTH 01 DEGREES 28 MINUTES 45 SECONDS EAST, WITH THE WEST RIGHT-OF- WAY IGHTOF- WAY LINE OF SAID N.W. LOOP 286 AND THE EAST LINES OF SAID 2.671 ACRE TRACT AND 2.198 ACRE TRACT, PASSING EN ROUTE A 1/2 -INCH IRON ROD FOUND AT DISTANCE OF 190.94 FEETAND CONTINUING ON SAID COURSE ATOTAL DISTANCE OF 217.23 FEETTO A CAPPED IRON ROD SET FOR CORNER; THENCE SEVERING SAID 4.76 ACRE TRACT, THE FOLLOWING TWO (2) COURSES AND DISTANCES: 1. WITH A CURVE TO THE RIGHTAN ARC LENGTH OF 174.05 FEET, A RADIUS OF 1907.29 FEET, AND WHOSE CHORD BEARS NORTH 73 DEGREES 07 MINUTES 05 SECONDS WEST, WITH A CHORD LENGTH OF 173.99 FEETTO A CAPPED IRON ROD SET FOR CORNER; - 2. NORTH 70 DEGREES 30 MINUTES 14 SECONDS WESTA DISTANCE OF 1113.29 FEET TO A CAPPED IRON ROD SET FOR CORNER; THENCE SEVERING SAID 4.76 ACRE TRACTAND SAID 19.36 ACRE TRACT, WITH A CURVE TO THE LEFT AN ARC LENGTH OF 660.67 FEET, A RADIUS OF 1960.00 FEET, AND WHOSE CHORD BEARS NORTH 80 DEGREES 23 MINUTES 42 SECONDS WEST, WITH A CHORD LENGTH OF 657.55 FEETTO A CAPPED IRON ROD SET FOR CORNER; THENCE SOUTH 89 DEGREES 56 MINUTES 54 SECONDS WEST, SEVERING SAID 19.36 ACRE TRACTAND SAID 91.20 ACRE TRACT, A DISTANCE OF 276.20 FEETTO A CAPPED IRON ROD SET FOR CORNER; THENCE SEVERING SAID 91.20 ACRE TRACT, THE FOLLOWING FOUR (4) COURSES AND DISTANCES: 1. WITH A CURVE TO THE RIGHTAN ARC LENGTH OF 211.15 FEET, A RADIUS OF 1880.00 FEET, AND WHOSE CHORD BEARS NORTH 86 DEGREES 50 MINUTES 03 SECONDS WEST, WITH A CHORD LENGTH OF 211.04 FEETTO A CAPPED IRON ROD SET FOR CORNER; 2. NORTH 83 DEGREES 36 MINUTES 59 SECONDS WESTA DISTANCE OF 1303.33 FEET TO A CAPPED IRON ROD SET FOR CORNER; 3. WITH A CURVE TO THE LEFT AN ARC LENGTH OF 231.12 FEET, A RADIUS OF 1960.00 FEET, AND WHOSE CHORD BEARS NORTH 86 DEGREES 59 MINUTES41 SECONDS WEST, WITH A CHORD LENGTH OF 230.99 FEET TO A CAPPED IRON ROD SET FOR CORNER; 4. SOUTH 89 DEGREES 37 MINUTES 38 SECONDS WEST DISTANCE OF 131.37 FEET TO A CAPPED IRON ROD SET FOR CORNER IN THE WEST LINE OF SAID 91.20 ACRE TRACT; THENCE NORTH 00 DEGREES 21 MINUTES 55 SECONDS WEST, WITH THE WEST LINE OF SAID 91.20 ACRE TRACT, A DISTANCE OF 625.86 FEETTO A CAPPED IRON ROD FOUND FOR CORNER, AT THE NORTHWEST CORNER OF SAID 91.20 ACRE TRACT AND ATTHE SOUTHWEST CORNER OF SAID 4.73 ACRE TRACT; THENCE NORTH 00 DEGREES 44 MINUTES 17 SECONDS EAST, WITH THE WEST LINES OF SAID 4.73 ACRE TRACT AND SAID 76.26 ACRE TRACT, A DISTANCE OF 1764.38 FEET TO THE PLACE OF BEGINNING AND CONTAINING 114.473 ACRES OF LAND, MORE OR LESS. Tract 2: TRACT 2 121.377 ACRES IN THE JOSEPH LEACH SURVEY, A-524, LAMAR COUNTY, TEXAS FIELD NOTES TO ALLTHAT CERTAIN TRACT OR PARCEL SITUATED IN THE JOSEPH LEACH SURVEY, ABSTRACT NUMBER 524, LAMAR COUNTY, TEXAS AND BEING ALL OF A CALLED 3.701 ACRE TRACT OF LAND DESCRIBED IN THE DEED TO DALE LONG AND BILLY G. LONG AS RECORDED IN VOLUME 668, PAGE 13 OFTHE OFFICIAL PUBLIC RECORDS OF LAMAR COUNTY, TEXAS, BEING A PART OF A CALLED 91.20 ACRE TRACT OF LAND DESCRIBED AS TRACT 1, BEING A PART -OF A CALLED 19.36 ACRE TRACT OF LAND DESCRIBED AS TRACT 2, AND BEING A PART OF A CALLED 4.76 ACRE TRACT OF LAND DESCRIBED AS TRACT 3 IN THE DEED TO LONE STAR PLANNED DEVELOPMENTS, LLGAS RECORDED IN DOCUMENT NUMBER 203288-2023 OF SAID PUBLIC RECORDS, AND BEING A PART OF A CALLED 5.13 ACRE TRACT OF LAND DESCRIBED IN THE DEED TO BILLY G. LONG AND DALE L. LONG AS RECORDED IN DOCUMENT NUMBER 157159-2018 OF SAID PUBLIC RECORDS, BEING A PART OFA CALLED 18.94 ACRE TRACT OF LAND DESCRIBED AS TRACT THREE 1N THE DEED TO PATHWAY CHURCH OF GOD OF PARIS AS RECORDED IN VOLUME 1076, PAGE 88 OF SAID PUBLIC RECORDS, AND BEING A PART OF LOT 1, BLOCK OF COVENANT CHRISTIAN CHURCH ADDITION 351, AN ADDITION IN LAMAR COUNTY, TEXAS, ACCORDING TO THE PLATTHEREOF RECORDED IN SLIDE #41 OD OF THE PLAT RECORDS OF LAMAR COUNTY, TEXAS, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING ATTHE SOUTHWEST CORNER OF THE TRACT BEING DESCRIBED HEREIN, AT A 60-D NAIL FOUND FOR CORNER IN THE NORTH RIGHT-OF-WAY LINE OFJEFFERSON ROAD (ALSO KNOWN AS FARM TO MARKET 1507 ROAD), ATTHE SOUTHWEST CORNER OF SAID 91.20 ACRE TRACT, . THENCE NORTH 00 DEGREES 21 MINUTES 55 SECONDS WEST, WITH THE WEST LINE OF SAID 91.20 ACRE TRACT, A DISTANCE OF 1627.82 FEETTO A CAPPED IRON ROD SET (LABELED 4857, TYPICAL) FOR CORNER; THENCE SEVERING SAID 91.20 ACRETRACT, THE FOLLOWING FOUR (4) COURSES AND DISTANCES: 1. NORTH 89 DEGREES 37 MINUTES 38 SECONDS EASTA DISTANCE OF 131.37 FEET TO A CAPPED IRON ROD SET FOR CORNER; 2. WITH A CURVE TO THE RIGHTAN ARC LENGTH OF 231.12 FEET, A RADIUS OF 1960.00 FEET, AND WHOSE CHORD BEARS SOUTH 86 DEGREES 59 MINUTES 41 SECONDS EAST, WITH A CHORD LENGTH OF 230.99 FEET TO A CAPPED IRON ROD SET FOR CORNER; 3. SOUTH 83 DEGREES 36 MINUTES 59 SECONDS EASTA DISTANCE OF 1303.33 FEET TO A CAPPED IRON ROD SET FOR CORNER; 4. WITH A CURVE TO THE LEFT AN ARC LENGTH OF 211.15 FEET, A RADIUS OF 1880.00 FEET, AND WHOSE CHORD BEARS SOUTH 86 DEGREES 50 MINUTES 03 SECONDS EAST, WITH A CHORD LENGTH OF 211.04 FEET TO A CAPPED IRON ROD SET FOR CORNER; THENCE NORTH 89 DEGREES 56 MINUTES 54 SECONDS EAST, SEVERING SAID 91.20 ACRE TRACT AND SAID 19.36 ACRE TRACT, A DISTANCE OF 276.20 FEETTO A CAPPED IRON ROD SET FOR CORNER; THENCE SEVERING SAID 19.36 ACRE TRACT AND SAID 4.76 ACRE TRACT, WITH A CURVE TO THE RIGHTAN ARC LENGTH OF 660.67 FEET, A RADIUS OF 1960.00 FEET, AND WHOSE CHORD BEARS SOUTH 80 DEGREES 23 MINUTES 42 SECONDS EAST, WITH A CHORD LENGTH OF 657.55 FEET TO A CAPPED IRON ROD SET FOR CORNER; THENCE SEVERING SAID 4.76 ACRE TRACT, THE FOLLOWING TWO (2) COURSESAND DISTANCES: SOUTH 70 DEGREES 30 MINUTES 14 SECONDS EASTA DISTANCE OF 1113.29 FEET TO A CAPPED IRON ROD SET FOR CORNER; 2. WITH A CURVE TO THE LEFTAN ARC LENGTH OF 174.05 FEET, A RADIUS OF 1907.29 FEET, AND WHOSE CHORD BEARS SOUTH 73 DEGREES 07 MINUTES 05 SECONDS EAST, WITH A CHORD LENGTH OF 173.99 FEETTO A CAPPED IRON ROD SET FOR CORNER IN THE WEST RIGHT-OF-WAY LINE OF N.W. LOOP 286 AND IN THE EAST LINE OF SAID 4.76 ACRE TRACT, THENCE WITH THE WEST RIGHT-OF-WAY LINE OF SAID N.W. LOOP 286 AND THE EAST LINE OF SAID 4.76 ACRE TRACT, THE FOLLOWING TWO (2) COURSES AND DISTANCES: 1. SOUTH 01 DEGREES 28 MINUTES 45 SECONDS EASTA DISTANCE OF49.39 FEETTO A CAPPED IRON ROD SET FOR CORNER; 2. SOUTH 00 DEGREES 01 MINUTES 03 SECONDS WESTA DISTANCE OF 27.96 FEET TO A 1/2 -INCH IRON ROD FOUND FOR CORNER, ATTHE SOUTHEAST CORNER OF SAID 4.76 ACRE TRACTAND ATTHE NORTHEAST CORNER OF SAID LOT 1, BLOCKA; THENCE WITH THE WEST RIGHT-OF-WAY LINE OF SAID N.W. LOOP 286 AND THE EAST LINE OF SAID LOT 1, BLOCKA, THE FOLLOWING TWO (2) COURSES AND DISTANCES: 1. SOUTH 03 DEGREES 41 MINUTES 48 SECONDS WESTA DISTANCE OF 209.82 FEET TO A CONCRETE MONUMENT FOUND FOR CORNER; 2. WITH A CURVE TO THE RIGHTAN ARC LENGTH OF 118.26 FEET, A RADIUS OF 1772.86 FEET, AND WHOSE CHORD BEARS SOUTH 08 DEGREES 15 MINUTES 42 SECONDS WEST, WITH A CHORD LENGTH OF 118.24 FEETTO A CAPPED IRON ROD FOUND FOR CORNER; THENCE SOUTH 88 DEGREES 59 MINUTES 42 SECONDS WEST, SEVERING SAID'LOT 1, BLOCK A, A DISTANCE OF 785.88 FEETTO A CAPPED IRON ROD SET FOR CORNER IN THE WEST LINE OF SAID LOT 1, BLOCKAAND IN THE EAST LINE OF CEDAR PARK PHASE 2, AN ADDITION IN LAMAR COUNTY, TEXAS, ACCORDING TO THE PLATTHEREOF RECORDED IN SLIDE #326A OF SAID PLAT RECORDS; THENCE NORTH 18 DEGREES 24 MINUTES 34 SECONDS WEST, WITH THE WEST LINE OF SAID LOT 1, BLOCKA AND EAST LINE OF SAID CEDAR PARKPHASE2, A DISTANCE OF 254.18 FEETTO A 3/8 -INCH IRON ROD FOUND FOR CORNER, ATTHE NORTHEAST CORNER OF SAID CEDAR PARK PHASE 2 AND ATTHE SOUTHEAST CORNER OF SAID 19.36 ACRE TRACT; THENCE SOUTH 71 DEGREES 58 MINUTES 08 SECONDS WEST, WITH THE SOUTH LINE OF SAID 19.36 ACRE TRACTAND NORTH LINE OF SAID CEDAR PARK PHASE 2, A DISTANCE OF 254.87 FEET TO A 3/8 -INCH IRON ROD FOUND FOR CORNER, ATTHE NORTHWEST CORNER OF SAID CEDAR PARK PHASE 2 AND ATTHE NORTHEAST CORNER OF SAID 18.94 ACRE TRACT; THENCE SOUTH 17 DEGREES 15 MINUTES 49 SECONDS EAST, WITH AN EAST LINE OF SAID 18.94 ACRE TRACT, A DISTANCE OF 675.31 FEET TO A 3/8 -INCH IRON ROD FOUND FOR CORNER, ATTHE EASTERNMOST SOUTHEAST CORNER OF SAID 18.94 ACRE TRACT, THENCE SOUTH 62 DEGREES 43 MINUTES 15 SECONDS WEST, WITH A SOUTH LINE OF SAID 18.94 ACRE TRACT, A DISTANCE OF 375.99 FEET TO A 3/8 -INCH IRON ROD FOUND FOR CORNER; THENCE NORTH 89 DEGREES 32 MINUTES 17 SECONDS WEST, SEVERING SAID 18.94 ACRE TRACT AND SAID 5.13 ACRE TRACT, A DISTANCE OF 724.64 FEET TO A 1/2 -INCH CAPPED IRON ROD FOUND LABELED "5892" FOR CORNER AT THE SOUTHEAST CORNER OF SAID 91.20 ACRE TRACT; THENCE NORTH 88 DEGREES 03 MINUTES 17 SECONDS WEST, WITH THE SOUTH LINE OF SAID 91.20 ACRE TRACT, A DISTANCE OF 345.48 FEETTO A CAPPED IRON ROD FOUND FOR CORNER IN THE NORTH RIGHT-OF-WAY LINE OF SAID JEFFERSON ROAD; THENCE WITH THE NORTH RIGHT-OF-WAY LINE OF SAID JEFFERSON ROAD AND SOUTH LINE OF SAID 91.20 ACRE TRACT, THE FOLLOWING TWO (2) COURSES AND DISTANCES: I 1. NORTH 85 DEGREES 32 MINUTES 04 SECONDS WESTA DISTANCE OF 1407.05 FEET TO A CONCRETE MONUMENT FOUND FOR CORNER; 2. WITH A CURVE TO THE LEFT AN ARC LENGTH OF 254.60 FEET, A RADIUS OF 11499.16 FEET, AND WHOSE CHORD BEARS NORTH 86 DEGREES 11 MINUTES 49 SECONDS WEST, WITH A CHORD LENGTH OF 254.59 FEETTOTHE PLACE OF BEGINNING AND CONTAINING 121.377 ACRES OF LAND, MORE OR LESS. Tract 3: TRACT 3 4.746 ACRES IN THE GEORGE W. COX SURVEY, A-164 AND JOSEPH LEACH SURVEY, A-524, LAMAR COUNTY, TEXAS FIELD NOTES TO ALLTHAT CERTAIN TRACT OR PARCEL SITUATED IN THE GEORGE W. COX SURVEY, ABSTRACT NUMBER 164AND THE JOSEPH LEACH SURVEY, ABSTRACT NUMBER 524, LAMAR COUNTY, TEXAS AND BEING A PART OFA CALLED 55.91 ACRE TRACT OF LAND DESCRIBED AS FIRSTTRACT IN THE DEED TO PARIS JUNIOR COLLEGE DISTRICTAS RECORDED IN VOLUME 350, PAGE 172 OF OFFICIAL PUBLIC RECORDS OF LAMAR COUNTY, TEXAS, BEING A PART OFA CALLED 41.03 ACRE TRACT OF LAND DESCRIBED AS TRACT 1 IN THE DEED TO PARIS JUNIOR COLLEGE AS RECORDED IN VOLUME 715, PAGE 637 OF SAID PUBLIC RECORDS AND BEING A PART OF A CALLED 94.042 ACRE TRACT OF LAND DESCRIBED IN THE DEED TO THE CITY OF PARIS, PARIS, TEXAS AS RECORDED IN VOLUME 1293, PAGE 263 OF SAID PUBLIC RECORDS AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWEST CORNER OF THE TRACT BEING DESCRIBED HEREIN, AT A CAPPED IRON ROD SET (LABELED 4857, TYPICAL) FOR CORNER IN THE EAST RIGHT-OF- WAY IGHTOF- WAY LINE OF SOUTH COLLEGIATE DRIVE, FROM WHICH THE SOUTHWEST CORNER OFA CALLED 15.248 ACRE TRACT OF LAND DESCRIBED IN THE DEED TO THE CITY OF PARIS AS RECORDED 1N VOLUME 1217 PAGE 262 OF SAID PUBLIC RECORDS BEARS NORTH 18 DEGREES 53 MINUTES 15 SECONDS WEST, A DISTANCE OF 27.35 FEET; THENCE NORTH 87 DEGREES 48 MINUTES 44 SECONDS EAST, SEVERING SAID 55.91 ACRE TRACT AND SAID 41.03 ACRE TRACT, A DISTANCE OF 1154.44 FEET TO A CAPPED IRON ROD SET FOR CORNER; THENCE SEVERING SAID 94.042 ACRE TRACT, THE FOLLOWING THREE (3) COURSES AND DISTANCES: 1. WITH A CURVE TO THE LEFT AN ARC LENGTH OF 648.69 FEET, A RADIUS OF 1880.00 FEET, AND WHOSE CHORD BEARS NORTH 77 DEGREES 55 MINUTES 38 SECONDS EAST, WITH A CHORD LENGTH OF 645.48 FEET TO A CAPPED IRON ROD SET FOR CORNER; 2. WITH A CURVE TO THE RIGHT AN ARC LENGTH OF 738.38 FEET, A RADIUS OF 1960.00 FEET, AND WHOSE CHORD BEARS NORTH 78 DEGREES 50 MINUTES 05 SECONDS EAST, WITH A CHORD LENGTH OF 734.02 FEET TO A CAPPED IRON ROD SET FOR CORNER; 3. NORTH 89 DEGREES 37 MINUTES 38 SECONDS EAST DISTANCE OF 55.82 FEET TO A CAPPED IRON ROD SET FOR CORNER IN THE EAST LINE OF SAID 94.042 ACRE TRACT; THENCE SOUTH 00 DEGREES 21 MINUTES 58 SECONDS EAST, WITH THE EAST LINE OF SAID 94.042 ACRE TRACT, A DISTANCE OF 80.00 FEET TO A CAPPED IRON ROD SET FOR CORNER; THENCE SEVERING SAID 94.042 ACRE TRACT, THE FOLLOWING TWO (2) COURSES AND DISTANCES: 1. SOUTH 89 DEGREES 37 MINUTES 38 SECONDS WEST A DISTANCE OF 55.81 FEET TO A CAPPED IRON ROD SET FOR CORNER; 2. WITH A CURVE TO THE LEFT AN ARC LENGTH OF 708.25 FEET, A RADIUS OF 1880.00 FEET, AND WHOSE CHORD BEARS SOUTH 78 DEGREES 50 MINUTES 05 SECONDS WEST, WITH A CHORD LENGTH OF 704.06 FEET TO A CAPPED IRON ROD SET FOR CORNER; THENCE SEVERING SAID 94.042 ACRE TRACT AND SAID 41.03 ACRE TRACT, WITH A CURVE TO THE RIGHT AN ARC LENGTH OF 676.29 FEET, A RADIUS OF 1960.00 FEET, AND WHOSE CHORD BEARS SOUTH 77 DEGREES 55 MINUTES 38 SECONDS WEST, WITH A CHORD LENGTH OF 672.94 FEETTO A CAPPED IRON ROD SET FOR CORNER; THENCE SOUTH 87 DEGREES 48 MINUTES 44 SECONDS WEST, SEVERING SAID 41.03 ACRE TRACT AND SAID 55.91 ACRE TRACT, A DISTANCE OF 1130.44 FEETTO A CAPPED IRON ROD SET FOR CORNER IN THE EAST RIGHT-OF-WAY LINE OF SAID SOUTH COLLEGIATE DRIVE AND IN THE WEST LINE OF SAID 55.91 ACRE TRACT; THENCE NORTH 18 DEGREES 53 MINUTES 15 SECONDS WEST, WITH THE EAST RIGHT-OF- WAY IGHTOF- WAY LINE OF SAID SOUTH COLLEGIATE DRIVE AND THE WEST LINE OF SAID 55.91 ACRE TRACT, A DISTANCE OF 83.52 FEETTO THE PLACE OF BEGINNING AND CONTAINING 4.746 ACRES OF LAND, MORE OR LESS. Exhibit B Boundary Maps— City of Paris Tax Increment Reinvestment Zone No. 21 The three tracts depicted in the maps are contiguous and run from Southeast Loop 286 to South Collegiate Drive. 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J. 3R3$d°i e�da EAR ��@� I o'GP'h`b g¢"QB�G NOR uipi"m« Mal WINE IMR `off `0 5 2 aJ dJ psi i < <;wR48� -8m Ing m doe swam' 8So LL � � F W �e "�' W � s ¢}.�•3.% SS@@ yyyQp CC < O g C� e. J 6 Qo�O �LsS }�yFt � � n � w W �o �� <C e < a f`.•,J��'��!• O +,�'• F �� p p < O a�a�S 2Yi� < � g W p m�'T� k' �+�i 1� m m "� % •6w T: •� "N W ^P. Ulu�gmo5 r�- « mg 1 N � S8 11 o� �W a r• &v,'� sal : a m 1 1 g 1, H� w u o v r sn. O�o ,cm � gil tin 1 � $�� m $ i G8p �S �1 a! opoIWO 11HI m=� � 1 Hill K jai "e 11 11 ap�o< ga gag ggtsQ sh YEA "x full WR a PI"' ao � � g �s" � � � : W �� � �8 S g' IWO 3 F Mill Hill E:aXS HH, fie $ Exhibit B City Consultants PID Application Expenses" Bud et item Cost Estimate Morks (PID Administrator) $10,000 City of Paris 5,000 SAMCO (Financial Advisor) 5,000 McCall Bond Counsel) 5,000 Total $ 25,000 Estimated, subject to change for purposes of creation of TIRZ final Financing and Project Plans and set up of TIRZ 1,,'itli Lamar Count, Appraisal District. Does not include additional costs associated with the issuance of bonds, NOicli %vould be paid from a separate budget for bond issuance costs and reimbursed from bond proceeds. 4871-0204-2326.x'1