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Council approves 5‑and‑5 residential tax abatement for Reyna project
Summary
The council unanimously approved a resolution under the city's 5‑and‑5 housing infill program for Louis F. and Sandra Reyna (doing business as Nut House Construction LLC) covering multiple lots with an estimated project cost of $480,000–$560,000.
The Paris City Council adopted a resolution Dec. 8 approving a residential tax abatement and economic development agreement under the city’s 5‑and‑5 housing infill redevelopment program with applicants Louis F. and Sandra Reyna, doing business as Nut House Construction LLC.
Mr. Amomentza, representing staff, told the council the application met the program criteria required by the city's guidelines and cited relevant statutory authority in the staff review (chapter 380 of the Texas Local Government Code and chapter 312). He said the project involves multiple lots and that the projected construction range for the project is approximately $480,000 to $560,000. Staff recommended adoption of the attached 5‑and‑5 agreement.
After the staff presentation, a council member moved to approve item 20 and, following a second, the council approved the resolution by voice vote, motion carries 5–0. The record shows the required 30‑day prior notice posting was satisfied, according to staff.
The council did not specify further contract details during the meeting; staff indicated the standard next steps are finalizing the agreement documents and ensuring compliance with program guidelines.
