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20-21 - Tax Increment Reinvestment Zone 1 - five to seven directors and amend Bylaws
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07-22-2024
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20-21 - Tax Increment Reinvestment Zone 1 - five to seven directors and amend Bylaws
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Moreover, the Board also discussed the issue of removing the portion of the bylaws that require <br />membership of the Board to include two staff directors employed by the City of Paris. The view was <br />that removing the two directors of the City of Paris from the TIRZ Board will eliminate the <br />perception of control and bias that the City of Paris may have over the TIRZ Board. <br />BUDGET: <br />There are no significant budgetary implications due to this amendment to the TIRZ bylaws. <br />RECOMMENDATION: <br />The TIRZ board recommends that the TIRZ bylaws be amended to expand the Board of directors <br />from five (5) to seven (7) and to remove the requirement that the board include two (2) staff directors. <br />Page 2 of 3 <br />
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