03/13/2025 Minutes - Laserfiche WebLink

Home Browse Search

MINUTES OF THE R14EGULAR MEETING FOR TAX INCREMENT REINVESTMENT ZONE-fTIRZ," BOARD PARIS , TEXAS CITY COUNCIL CHAMBER 107 E. KAUFMAN ST., PAWS TEXAS THURSDAY MARCH 13 2025 4:00 O'CLOCK P.M. Members present. Cody Head, Chairman, Miles Mathieu, Vice- Chain-nan; Thomas McMonigle, Secretary; Maureen Hammond, Reeves Hayter, Pam Norwood, and Dillon Cecil City Staff: Rose Beverly, City Manager; Rob Vine, Deputy City Manager.; Osei Arno-Mensah, Director of Planning and Community Development; Stephanie Harris, City Attorney; Skylar Unger, Deputy City Clerk; and Cheri Bedford, Main Street Coordinator 1. Call meeting to order. Chairman Head called the meeting to order at 4:02 P1,Fk 2. Citizens' input. No one came forward during citizens' input. 3. Approve minutes from the Special meeting on February 12, 2025. A Motion to approve the minutes as presented was made by Mr. Mathieu and seconded by Mr. McMonigle. Motion carried 7 ayes — 0 nays. 4. Approval and Ratification of 2022 Lionshead Paris, LLC Tax Abatement and 2024 Amendment thereto. Ms. Hammond stated that due to her position and employment with the PEDC, she would be abstaining from voting on this item. City Attorney Stephanie Harris explained that The City Council created Tax Increment Reinvestment Zone Number One (TIRZ, No. 1) to benefit development in the downtown area of the city. Texas Tax Code Section 311.0125 requires that any tax abatement agreement granted within the Zone must be approved by both the governing body and the TIRE board of directors. Ms. Harris also stated that in 2022, the City Council granted Lionshead Paris, LLC a tax abatement agreement for the construction of its new wheel and tire assembly plant. In September of 2024, the City Council granted Lionshead an amendment which moved the start date of the abatement period forward due to construction delays caused by the Covid- 19 pandemic and related supply chain issues. Neither the original agreement nor the amendment was brought before the TIRZ board for approval. She explained that it is advisable that the board do so now to complete the approval process required by statute. Mr. Hayter asked for clarification on when the first year of collection would be on the abatement with the amendment. Ms. Harris stated that year one would start in January 1, 2025 if construction was completed in 2024. A Motion to Approve and Ratify the 2022 Lionshead Paris, LLC Tax Abatement and the 2024 Amendment