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Ms. Hammond asked what on the catalyst project list has been implernented to date from the Toole plan. To date, the plaza expansion of 27 feet was the only project completed, 5. Discuss, provide direction to staff and possible act on amendments to the Project Plan and Financing Plan for TIRZ No. I to wit: a.. Amend the boundaries of TIRZ No. I to exclude all or a portion of Subzone 4, including the Gene Stallings Industrial Park. b, To dedicate 50% of the fund increment to industrial development in any subzone within TIRZ No. 1. Ms. Hammond stated that she didn't believe the current project and finance plan as currently structured is equitable to all parties, noting from the development schedule and the revenue projection a majority of the revenue is coming from 4 subzones only to benefit one subzone, and in the state Paris is in today all the subzones could benefit from improvements. She suggested the board could consider looking at a more equitable structure that would benefit all parties that are putting that incremental growth into this TIR7 fund. Ms. Harnrnond suggested the board table the agenda items 5a and 5b and work with stakeholders to come tip with a plan that is more equitable, and preferably to (to this work within the next 90 days. Ms. Hammond reiterated that you cannot have downtown without jobs, and that a vibrant downtown is clearly important to econornic development. Chairman Head stated a vibrant downtown was vital to industry and is cohesive. Given that this is a monumental decision, he was not comfortable with the rate that the board was making decisions. He stated that, he would prefer that the board take more time and discuss these matters, and that he saw no reason to rush tile process. Ms. Hammond moved to table items 5a and 5b. Mr. McMonigle seconded, motion carried 5 ayes, 0 trays. G. Discuss scheduling a special meeting for the week of March 18, 2024 to consider and approve amendments to the Project Plan and Financing Plan for TIRZ No. 1. Chairman Head asked that since items 5a and 5b were being tabled., was it necessary to hold a special meeting the next week, City Attorney, Ms. Harris, advised that if the board. was trying to have something done in 90 days that it consider having additional meetings to the monthly meetings, and that it could call additional meetings if" it so desired, Chairman. Head asked why the process needed to be concluded in 90 days, since the board originally was to 1-neet quarterly, and is now meeting monthly. Ms. Hammond stated her desire for this not be a 6 month process as to keep up momentum. Ms. Harris suggested additional meetings, but that was up to the board. Mr. Vine asked Ms. Harris if she knew a proposed process to make any changes, such as public hearings and meetings with stakeholders, and if so, how long it should take should the board want to make changes. Ms. Harris suggested there were different ways to approach this item, including calling workshop meetings and inviting stakeholders. Ms. Harris stated that at the TIRZ board level nothing requires a public hearing, but that all meetings would be open to tile public. She noted that if the board adopts changes to the TIRZ to forward to city council, the City Cotincil would have to conduct a public hearing which will have to be advertised. The board discussed next steps and set a meeting for March 28, 2024 to establish a date and time for a forum for stakeholders to discuss options. 7. Request for future agenda items, Chairman Head requested that staff provide the board With a cost estimate for the implementation of the Toole plan so as to give the board an understanding of the numbers before any changes to the TIRZ zones are considered.