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8 <br /> <br /> Ms. Day stated the Board is to develop a comprehensive business <br /> incentive package and project approval criteria for the Paris <br /> City Council, and to follow the guidelines set out once these <br /> are established. <br /> <br /> Mr. Pothoff went over the bylaws and how they relate to the <br /> enabling legislation with the board members. He stated that <br /> most of the legislation is covered by Vernon's Civil Statutes <br /> 5190.6, Chapter 10. He stated the thing emphasized to Mr. <br /> Pothoff by Mr. Bearden, with the State Comptroller's Office, is <br /> to keep in mind the intent when making the interpretation is to <br /> try and create Jobs for the people who live in the jurisdiction <br /> adopting the tax. He stated in connection with the 10% <br /> promotion issue which was discussed the last time Mr. Bearden <br /> was strictly looking at advertising, such as direct, trade shows <br /> or exploratory trips. He said in a discussion with Mr. Bearden <br /> about exactly what could be done in the County, and he said to <br /> go back to the intent to create jobs. <br /> <br /> Mr. Pothoff stated one of the changes that has occurred and is <br /> not reflected in the Vernon's Statutes in your book is 4A cities <br /> can also elect to come under Section 4B. The primary purpose is <br /> to allow a 4A city, which are your smaller size cities to use <br /> economic development funds for a specific project to enable <br /> certain types of specialized community projects. He stated if <br /> at some point the board wants to get into that you will need to <br /> talk with your Council. If you wanted to hold a election for <br /> becoming a 4B city then you have that capability. He stated <br /> that was the most significant change that has occurred. <br /> <br /> Mr. Pothoff stated the Texas Department of Commerce has also <br /> provided a great deal of material which the consultants feel <br /> will be useful in looking at financial incentives and as you <br /> develop financial incentives as well as opportunities for <br /> leveraging money with monies raised through the sales tax <br /> revenue. <br /> <br /> Mr. Pothoff asked if there were any questions about what was in <br /> the contents of the Resource Manual or its purpose or any of the <br /> issues raised or Council directives. He stated he would like to <br /> close by going through the Strategic Plan Process. He said this <br /> will be the next thing for you to do to get the strategic <br /> planning process started. He said strategic planning is <br /> basically going through a process of figuring out what you want <br /> to be, where you think you want to go, and to come up with some <br /> specific action steps to reach your goal. He said once you have <br /> put those into action and start implementing then you have to <br /> monitor what you are doing and adjust. He stated they have <br /> broken the strategic plans down into stages which are economic <br /> audit, analysis of opportunities and constraints, and developing <br /> an action plan. <br /> <br /> Mr. Pothoff stated the Council Charge indicated that by the end <br /> of May the Board needs to have a Strategic Planning Process done <br /> and Day and Associates would like to work in helping you do <br /> this. Ms. Day and Mrs. Pothoff related their areas of <br /> experience related to economic development. <br /> <br /> Board member Curtis Fendley stated they had outlined some things <br /> on the Strategic Plan, and how long would it take for a proposal <br /> to come back as far as cost and time to put it together. Ms. <br /> Day they would be able to put together a proposal on the entire <br /> process and it would not take very long to accomplish this based <br /> on the fact they had already been involved in the process. <br /> <br /> <br />