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11/14/2024 Minutes
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11/14/2024 Minutes
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1/6/2025 9:36:47 AM
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CITY CLERK
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EXHIBIT "B" <br />Forked P^�� onsu <br />ng <br />Paris ��U���� #1 <br />As of 11 /13/2024 <br />Summary: All aspects of the project are moving forward 8Santicipated iDthe dmeUne,although the project <br />has one blocker, data acquisition. City staff, especially the City Attorney, have been very responsive and helpful <br />in working toward a resolution. Contracting was completed last Friday and all other administrative tasks are in <br />process. <br />Detiverables List/Status <br />1.Final Excel spreadsheet detailing findings of comparative review of the TIRZ from inception to 7/1/2024 <br />Status: While detailed data gathering iSunderway, see Mocker #1 for details, vvHanticipate this <br />process will be concluded shortly after we get the data. As of now, no major issues have been <br />identified. <br />Z Root cause analysis Ofany differences between the projections and actual performance Ofthe TlRZ, <br />Status: Data gathering underway, see Mocker #1for details. The original phDteUOlOd8ih8Sb98n <br />recreated and verified, although the model is very simple and comparisons may be challenging, as <br />many of the normal assumptions for a model are unavailable. Based on the available information, <br />we don't anticipate any significant deviations. <br />3. Compliance review summary showing all the required documentation submitted compared to statutory <br />and regulatory reporting requirements and detailing any discrepancies. <br />Status: Ongoing, with initial documentation review completed with no noted deficiencies. The <br />City Attorney has been diligently working with the State OfTexas Comptroller's Off ice tOresolve <br />some access issues to the online filing system. Resolution is expected to occur soon, and we will <br />continue to assist as needed. <br />4. Checklists and d0eUnesfor submission Ofreporting along with sample documentation. <br />Status: Research mostly completed. Documents will be drafted ahead of final deadline. <br />5. An excel spreadsheet designed specifically for the Paris TIRZ #1 to allow staff to model anticipated TIRZ <br />cashflows. <br />Status: Data gathering underway, see Mocker #1for details. <br />G. An excel spreadsheet designed for economic development professionals and stafftQmodel the costs <br />and potential impacts to the TIRZ for any proposed further TIRZ transactions. <br />Status: Data gathering underway, see Blocker #1 for details. <br />Mockers: We've been working with City staff to get parcel level detailed information about the property taxes <br />for every parcel in the TIRZ. City staff, again led by the City Attorney are working to obtain this information. Four <br />of the 6 work items are partially or totally blocked until this data is available. It forms the basis for both the review <br />and the projections forth8fUtUr8.VVhiieVVeCUrr8ntk/hGve adequate time tOingest, analyze and create the <br />required outputs, additional delays may impact the project tiDO8Une a8currently agreed. <br />
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