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12. The board's authority shall not extend to the direction, supervision, employment, or termination <br />of employees of the economic development department. No supervisory power of the board is <br />created by this division. <br />13. The board will review the proposed economic development operating budget and make any <br />recommendations to the city council it deems necessary. However, the board is not authorized <br />to add, delete or change in any way the budget as prepared by the city staff and city council. <br />14. The board does not have the power to obligate the city for any funds or expenditures or incur <br />any debt on behalf of the city. <br />15. All powers and duties prescribed and delegated herein are delegated to the board as a unit and <br />all action hereunder shall be of the board acting as a whole. No action of an individual member <br />is authorized except through a quorum of the board or city council meeting in open session. <br />Conflicts of interest <br />No person may serve on the board who in the last five years has had significant ownership in an entity <br />that in the last five years has requested or received abatements, grants, or other financial <br />considerations from the Paris Economic Development Corporation, any other development structure in <br />Lamar County, the City of Paris, or their precedents. Further, no person may serve on the board who in <br />the last five years has had significant ownership in an entity that in the last five years has had significant <br />financial dealings with any of the forgoing, defined as $100,000 or more in a single year. Further, <br />relatives within the second degree of affinity or within the third degree of consanguinity of such person <br />also may not serve on the board. <br />