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Council approves tax abatement for Tower Guard to build six infill homes

January 03, 2025 | Paris, Lamar County, Texas


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Council approves tax abatement for Tower Guard to build six infill homes
The Paris City Council voted unanimously Nov. 12 to approve a resolution authorizing an economic development agreement and tax abatement with Tower Guard Construction and Development LLC under the city's 5 & 5 infill development program.

Staff told the council the applicant met the program requirements and plans to construct six single-family infill units on tax property; the developer expects to begin work in January and complete construction by December 2026 if the agreement proceeds as presented. Staff also told the council that the draft agreement before members did not yet include deed documents; those deeds are prepared by Mr. Pounders and must be submitted to finalize the property transfer portion of the agreement.

The council moved and seconded the resolution with no substantive debate recorded and approved the agreement on a voice vote recorded as 5-0.

Staff noted the agreement will be finalized once the deed documents are received from Mr. Pounders and added to the contract package. The council did not attach additional conditions at the meeting beyond the requirements already in the draft resolution.

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Scribe from Workplace AI
Scribe from Workplace AI