20-21 - Tax Increment Reinvestment Zone 1 - five to seven directors and amend Bylaws

Home Browse Search

Memorandum Item Nos. 20 & 21 TO: Mayor, Mayor Pro -Tem & City Council Interim City Manager, Rob Vine Doug Harris, Assistant City Manager FROM: Osei Amo-Mensah, Director of Planning & Community Development / Coordinator TIRZ Board SUBJECT: A CHANGE IN THE BYLAWS OF TAX INCREMENT REINVESTMENT ZONE NO. 1 TO PROVIDE FOR THE ENLARGEMENT OF THE BOARD OF DIRECTORS FROM FIVE (5) TO SEVEN (7) AND TO REMOVE THE REQUIREMENT THAT THE BOARD INCLUDE TWO (2) STAFF DIRECTORS. DATE: July 22, 2024. BACKGROUND: On November 11, 2019, the City Council of the City of Paris, Texas created the Tax Increment Reinvestment Zone Number One ("TIRZ No. 1" or "TIRZ"). The Council further adopted the bylaws of the TIRZ Board which provided that the board of directors (the "Board") shall consist of five (5) members, two (2) of which shall be staff directors. TIRZ No. 1 Bylaws revised 2024 Article II (BOARD OF DIRECTORS; Section 1. Powers, Number and Term of Office. Paragraph 2 states; The Board of Directors shall consist of five (5) directors appointed by the City Council of the City. Its membership shall include two staff directors employed by the City of Pais and three non -staff directors. STATUS OF ISSUE: During the TIRZ Board's regular meeting on July 11, 2024, members voted unanimously to recommend to the City Council to increase the Board membership from five (5) to seven (7) and remove the requirement to have two (2) City staff membership from the Board. There was a deliberation about increasing the number of board of directors from five (5) to seven (7), however, the opinion was that the increase will allow the community to have more representations and a broader retrospect of the goals and aspirations of the Tax Increment Reinvestment Zone Number One ("TIRZ"). Page 1 of 3