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No. 15 <br />TO: Mayor, Mayor Pro Tem & City Council <br />FROM: Grayson Path, City Manager <br />SUBJECT: TIRZ Expense <br />DATE: April 22, 2024 <br />BACKGROUND: <br />The TIRZ Board Bylaws, Article 1, Section 2 states: <br />"The City Council must approve all programs a_n_d exiPenditures for the Zone and annually <br />review any financial statements of the Zone. " <br />STATUS OF ISSUE: <br />At the Thursday, April 11th TIRZ Board meeting, the Board requested an educational and training <br />presentation to be provided by the Texas Comptroller's office, pursuant to Texas Tax Code <br />Chapter 311, Section 311.020. This presentation will cover basic TIRZ under the Chapter 311, a <br />great educational opportunity for the TIRZ Board and anyone who wishes to attend. <br />BUDGET: <br />A Texas Comptroller representative will attend this meeting in person to provide the presentation. <br />They have stated that they will provide us with receipts for travel expenses upon returning to <br />Austin. This will include fuel, car rental, etc. They have stated that there should be no other <br />expenses associated with this presentation. The total is unknown at this time, but it is expected to <br />be reasonable. Pursuant to the TIRZ Board Bylaws, we are seeking approval to proceed with the <br />travel cost expense from the Texas Comptroller to hold this presentation here in Paris. The TIRZ <br />Fund has in excess of $160k. <br />