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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 Code. Staff estimated the scope of the improvements at between $1,500,000 and $1,900,000 in total construction value across the parcels.
The staff presentation listed the specific parcel identifiers included in the proposal and said the reinvestment zone being used encompasses the city corporate limits for 2025. Staff also told council that for parcels located within the city's tourism-related zone, the agreement will additionally require approval by the relevant tourism board; staff said that board is scheduled to consider the matter at its Thursday meeting and that the tourism board's approval is required for the agreement to be effective on the parcel(s) inside that zone.
Council discussion included procedural clarification about sequencing: several council members asked whether the tourism board must act before or after council approval; staff responded there is no statutory order and that both approvals are required when a parcel falls inside the tourism board's jurisdiction. A council member asked for an inventory of lots sold under the program; staff said that inventory exists but the number was not available at the meeting and that staff would provide it on request.
A motion to approve the economic development agreement was made and seconded; the council voted 5-0 to adopt the resolution.
What happens next: Staff said the agreement will proceed to the tourism board for its consideration on Thursday for the parcel(s) that lie inside that tourism-designated zone; if that board denies an application for a parcel in the tourism zone, staff said the abatement would not be effective for that parcel but could still proceed for other parcels outside the tourism zone.
