01/22/2024 MinutesMINUTES OFT E
TAX INCREMENT REINVESTMENT ZONE (TIRZ) BOARD MEETING
OF THE CITY OF PARIS, TEXAS
JANUARY 22, 2024
1. Call meeting to order.
Deputy City Manager Robert Vine called the meeting to order at 3:03 p.m. Those also
present were Mayor Pro -Tem Mihir Pankaj, City Manager Grayson Path, City Attorney
Stephanie Harris, PEDC Director Maureen Hammond, City Clerk Janice Ellis, Fire Chief
Thomas McMonl*gle, Main Street Manager Chen* Bedford, Cody Head and Brandon Bell.
2. Citizens' input.
No one spoke during citizens' input.
3. Discuss the purpose of the TIRZ Board.
Mr. Vine said the purpose of the board "was to promote development of the area if the
governing body of the City determines that development would not occur solely through private
investment in the reasonable foreseeable future, that the zone is feasible, and that creation of the
zone is in the best interest of the City and the property in the zone. The purpose of the zone is to
facilitate such development by financing the costs of public works, public improvements,
programs, and other projects benefiting the zone, plus other costs incidental to those expenditures,
all of which costs are authorized by the Act,," Mr. Vine read a list of the specific projects allowed.
Mr. Path said the focus of TIRZ was the downtown area, as written in the Bylaws.
4. Review the TIRZ Bylaws.
Mr. Vine inquired if the Bylaws needed to be revised to include the changes outlined in the
2023 Ordinance. Ms. Harris said they could do so, but that it was a cleanup with regard to the
map,, Ms. Harris said the board of directors were to review the project plan and the finance plan
and make recommendations to the City Council.
Mr. Path brought to the Board's attention that the Bylaws and said the City Council selects
the Board Chair and the Board selects the vice -chair. He also said the Community Development
Director position was vacant and that Rob Vine would be heading up the Board until that position
was filled. He also said that Ms. Bedford would be the Staff Liaison to the Board. He said that
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Mr. Vine would be bringing forward projects to the Board for review and recommendations, but
that if any Board Member wanted to bring something forward to contact Mr. Vine.
5. Review the Ordinance approving the Final Project Plan & Reinvestment Zone Financing
Plan for Reinvestment Zone Number One.
Mr. Path reminded everyone that the base year began with the 2019 assessed property
values and that the City receives 500) and TIRZ receives 50% of city ad valorem taxes attributable
to the incremental increase in valuation over the base year value. Ms. Hammond inquired if this
would prohibit industries from getting tax abatements. Ms. Harris said i*t would not and Mr. Path
said he would recommend tax abatements for future industry. Board Member Cody Head said
the funds collected from TIRZ should be shared between industry and downtown.
6. Review TIRZ Balance Sheet.
Mr. Path reported as of this date, the fund contained $159,079.05.
7. Discuss future meeting dates and times.
The Board discussed meeting dates and times and i*t was a consensus to meet on the second
Thursday of each month at 3:00 p.m. in the City Council Chambers.
8. Request for future agenda items.
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Ms. Harris said she would be bringing an annual report to the Board for review and
approval. There was a consensus of the board to put an item on the agenda for discussion
on the boundaries, rules and responsibilities, and explore opportunities. Mr. Vine said there
would also need to be an item recommending to the Council who the Board wishes to serve
as Chair.
9. Adj oumment.
There being no further business, Mr. Vine adjourned thegieeti*ng at 3:3 8 p.m.
RobKrt Vine
Deputy City Manager