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MINUTES 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 0 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.