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IS R,�oo,;1110A,A-�'' p14�.I �!tAM, 41Vm"" IVBSIad'McR��R.Di h4a�t 'Wt&?Y 9.X)Rq10,, dJ6'9 RMB$' �lrPrlri �r!r i:` 7(ex irr,,.o ke /,,t J•r.Ulf��rif (!i',r,�„ He explained that the bylaws currently restrict board members to only two consecutive three (3) year terms. He added that the original thought was to consider an amendment to allow three consecutive three-year terms, however, the Policy Review Committee elected to recommend an amendment that permits board members who have served a full term to qualify for additional term(s), even if those terms are served consecutively. It was acknowledged that the proposed amendment respects the guidelines and the appointment process overseen by the City Council, which ultimately has the final decision. The proposed amendment reads as follows: The sentence from Section 4.05 Tenure of Article !V that reads "The term of office for each Director shall be three (3) years and shall be limited to two (2) consecutive full terms." shall be amended as follows: "The term of office for each Director shall be three (3) years." Mr. Bray opened the floor to the Policy Review Committee. Mr. Homer elaborated, stating that the committee concluded that this amendment would help support the retention of institutional knowledge, expertise, and ensure board continuity. Mr. Bray noted that, provided the amendment was voted into effect, Dr. Hashmi would be the first board member eligible for additional terms, with Mr. Bray, Mr. Coleman, and Mr. Fendley eligible for additional terms in 2026. Mr. Bray opened it to Ms. Hammond regarding procedure. Ms. Hammond stated that should the PEDC vote to amend the current bylaws, the amendment would subsequently be presented to the City Council for their consideration. Following discussion, a motion was made by Mr. Coleman to approve the bylaw amendments as presented. Mr. Homer seconded the motion. Vote: 6 -ayes to 0 -nays Report and Updatesby Executive Director Maureen Hammond EDA Grant: Ms. Hammond reported that J&L Paving was due to begin construction in early March but has been delayed due to weather. Ms. Hammond noted that the construction timeline was still on schedule. Hammond continued by stating that the EDA sign to be displayed in the Industrial Park had been installed. Governor's CUR Award: Ms. Hammond noted that on March 15`, Adam Routon, Plant Manager of Huhtamaki; Jacob Neufeld, Operations Manager of Universal Fabricating; and herself joined several other communities for a press conference held at the Governor's Mansion. Ms. Hammond elaborated, stating that this conference was a celebration of Texas' reception of the Governor's Cup for the twelfth consecutive year. Paris was recognized for its contribution in economic development along with other communities. Ms. Hammond provided commentary, stating that this award from Site Selection Magazine held a high level of prestige and that it was an honor to attend the ceremony. TIRZ Zone 1 Worksho to Discuss Project and Finance Plan: Ms. Hammond reminded the board that she was appointed to the TIRZ Advisory Board in 2023 and noted that this board had held three meetings to date. Ms. Hammond stated that this board would hold a meeting on March 28t' and encouraged all PEDC board members to attend since the PEDC's properties represent two of the five subzones included in the TIRZ. Ms. Hammond continued, stating that at the previous meeting, the TIRZ Page 3 of 5 r r r � I r I � I I f f � I 1 J' 1 l I I 11 1 1