05 - APPROVE MINUTES FROM COUNCIL MEETING ON 05/11/2015

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Regular Council Meeting May 11, 2015 Page 5 CITY OF PARIS, TEXAS; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. City Manager John Godwin said City Council requested staff to amend the existing tax abatement policy to exempt existing industry from certain maximum abatement amounts and he recommended approval of the resolution. Council Member Pickle commented that once the PEDC and City Council were seated, he would like for them to review definitions such as full - time employees to make sure they were all in agreement of those definitions. Mr. Godwin reminded City Council by adopting these amendments, that the City's policy would be different than the other taxing entities. A Motion to approve this item was made by Council Member Pickle and seconded by Council Member Hashmi. Motion carried, 7 ayes — 0 nays. 14. Discuss, conduct a public hearing and act on ORDINANCE NO. 2015 -016: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS CREATING A REINVESTMENT ZONE ENCOMPASSING THE TURNER INDUSTRIES PLANT PROPERTY IN PARIS, LAMAR COUNTY, TEXAS MORE PARTICULARLY DESCRIBED AND DEPICTED IN EXHIBIT "A" ATTACHED HERETO IN ACCORDANCE WITH CHAPTER 312 OF THE TEXAS TAX CODE; MAKING OTHER FINDINGS RELATED THERETO AND PROVIDING AN EFFECTIVE DATE. City Attorney Kent McIlyar said at the last meeting City Council indicated they wanted to give consideration of a tax abatement for Turner Industries. Mr. McIlyar explained prior to granting a tax abatement, a reinvestment zone would need to be created. He said the engineering department provided the map and that he forwarded it to Mr. Glascock for review and included it in their agenda packet. Council Member Pickle confirmed with Mr. McIlyar that the reinvestment zone would be for a five year period with an automatic renewal of an additional five year period at the expiration of the initial term. 15. Convene into Executive Session pursuant to: • Section 551.071 of the Texas Government Code, Consultation with Attorney, to receive legal advice from the City Attorney about pending or contemplated litigation and /or on matters in which the duty of an attorney to his client under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas, clearly conflict with this chapter, as follows: A. Benjamin Glick/Tri-State Iron & Metal claim/investigation. B. Paris Warehouse 107 tax abatement. • Section 551.087 of the Texas Government Code, (1) to discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have