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Council approves tax-abatement resolution to support up to 10 single-family infill homes by Palma Holdings LLC
Summary
The council adopted a resolution 5-0 approving a residential tax abatement agreement under the city's housing infill program with Palma Holdings LLC for up to 10 single-family dwellings; staff said the agreement requires a second approval by a tourism-related board before it becomes effective for parcels inside that zone.
Paris — The Paris City Council unanimously approved a resolution Monday to authorize an economic development and residential tax abatement agreement requested by Palma Holdings LLC to build up to 10 single-family dwellings under the city's housing infill program.
City staff presented the application and told the council the properties are within the program area and meet the program's criteria. Staff said incentives are offered under Chapter 380 of the Texas Local Government Code and residential tax abatement authority under Chapter 312 of the Texas Tax…
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