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Regular Council Meeting February 10, 2020 Page 2 Approve minutes from the meetings of January 27, 2020, February 3, 2020 and February 5, 2020. 6. Receive reports and/or minutes from the following boards and commissions: a. Paris Visitors & Convention Council (11-18-2019) b. Main Street Advisory Board (11-12-2019) c. Planning & Zoning Commission (1-6-2020) d. Board of Adjustment (12-9-2019) e. Traffic Commission (1-7-2020) 7. Approve the proposal from McClanahan and Holmes to perform an independent outside audit on the City's financial records for the periods ending September 30, 2020, September 30, 2021, and September 30, 2022. Regular Agenda 8. Conduct a public hearing, discuss and act on ORDINANCE NO. 2020-005: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY 1 OF PARIS, TEXAS MORE PARTICULARLY DESCRIBED IN EXHIBIT "A", AS REINVESTMENT ZONE NO. 2020-1 FOR RESIDENTIAL TAX ABATEMENT; DESCRIBING THE BOUNDARIES THEREOF; PROVIDING - FOR ELIGIBILITY REQUIREMENTS FOR TAX ABATEMENT WITHIN SAID ZONE; PROVIDING REQUIREMENTS FOR TAX ABATEMENT AGREEMENTS AND PROVIDING AN EFFECTIVE DATE. City Attorney Stephanie Harris explained for the purpose of granting residential tax abatements, Council authorized a reinvestment zone for Council Districts one through 5 in 2013 and expanded it to include all Council Districts in 2015. She said reinvestment zones expire five years after creation and to continue the residential tax abatement program, Council would need to authorize the reinvestment zone for another five years. Mayor Clifford opened the public hearing and asked for anyone wishing to speak in support or opposition of this item, to please come forward. With no one speaking, Mayor Clifford closed the public hearing. Mayor Clifford inquired about the number of tax abatements granted. Ms. Harris said the City had granted seven in 2015 and all had expired. Council Member Portugal said more advertising needed to be done for this program. Mayor Clifford confirmed that anyone wanting to improve the home they owned and lived in, they could apply for a tax abatement. Ms. Harris said that the homeowner would need to make an application and be approved prior to beginning any work. Council Member Knox suggested promotion and that staff work with HPC.