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maps, and that the legal description as approved in the Ordinance 2019-045 did not support either one of these maps. The TIRZ Board itself has since then termed out and is currently vacant. These issues were realized this last Fall of 2022 and City Staff went to work to correct this. Thisagenda item is strictly clean u, we have not proposed any edits of substance to the documents as they were approved and/or intended to be approved in late 2019 and early 2020, other than to complete the revisions of the bylaws as directed by the City Council on February 24, 2020, to clean up the boundary description in the ordinance, and to create a new board. STATUS OF ISSUE: Upon discovering the issues stated in the Background section above, City Staff have performed the following tasks: 1. Engineering Department reviewed and revised the legal description that was approved in Ordinance 2019-045, not to change the boundaries, but to more correctly describe the boundaries that then allowed us to produce an accurate TIRZ map (attached), ruling out both of the older conflicting maps. The City Attorney Department has prepared an amendment to Ordinance 2019-045 to revise the legal description of the TIRZ zone, for your review and approval tonight. 2. Attorney Department has revised the Board Bylaws as was directed by the City Council on February 24, 2020 and has prepared those for your review and approval tonight. 3. Finance Department has worked with LCAD to determine the amount of funds that would have been contributed to the TIRZ fund account had it been filed back in 2020. The LCAD provided us the valuation increases and City Staff performed the calculations as determined in Sections 12 and 13 of the Project and Financial Plan (see the Budget section below). An amount of $97,420.92 was determined as the current value. The City Manager directed that this amount be transferred to the TIRZ fund to make it whole as if it had been funded since the passing of this ordinance. 4. Community Development Department has reviewed the board appointment language requirements. The bylaws call for five board members, all being residents of Lamar County, and two being City employees. The City Council is tasked with determining the three non -city employees while City Staff would like to recommend 1) Rob Vine, Assistant City Manager, and 2) Thomas McMonigle, Fire Chief, as the two city employee seats. As far as the three remaining positions, we recommend that the City Clerk advertise for these positions along with all other board positions for the Council to review and consider this summer.