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Regular Council Meeting October 10, 2011 Page 6 for street improvements, sidewalks, water, and sewer. He also said that they may have an 1409 opportunity to use TIFF for the right kind of project. Council Member Pickle confirmed that those funds would be reinvested in that specific area. Mr. Gilbert said one option would be to capture the taxes and pay as you go. He also said that some communities issued bonds and used the increment to cover the debt service, if the project was big enough and the new investment was significant enough. Mayor Hashmi said that .he did not want the tax freeze to pass to new owners if the property was sold prior to termination of the tax freeze period. In addition to a tax freeze for West Paris, Mayor Hashmi said that he would like to see the abatements discussed at the September 26th meeting to also include West Paris. Council Member Frierson wanted to know if the areas had to be formally zoned or formally identified. He said parameters were identified for the Historic District. Mr. McIlyar said that when he had seen municipalities use Tax Increment Financing Districts in the past, that they were triggered by a developer building something big. He said he believed that a TIFF was set up when the new outdoor mall was built in Allen. Mr. McIlyar said his understanding of TIFF was that the City should have a developer who was willing to build a large retail development and does not qualify for the other economic incentives programs that the City has in place. Mr. McIlyar said that the area does have to be specifically identified. He said it was a geographic area that had to be surveyed and all of the new tax income that was generated by the new development does get put back into infrastructure, but only within that defined area. Council Member Frierson asked about individual homes. Mayor Hashmi said they would have to decide the parameters of West Paris and this would require some work. Council Member Frierson said he was all for quality of life improving and reinvestment in the community. He said he was concerned about someone from another part of the City being upset because they didn't get the same rate as West Paris. Council Member Wright, Council Member Avila, and Council Member McCarthy said it was a great idea. Council Member Grossnickle wanted to know if it was tax free or if it was frozen. Council Member Pickle said it was a tax abatement for three years. Council Member Grossnickle inquired if an upgrade was tax free or the entire property. Mr. McIlyar said if it was a brand new house then the entire property would be abated for the number of years Council decided upon. He also said if someone purchased a house in West Paris and rehabbed it or added a wing that the tax abatement would only cover new improvements or additions to the property. Mayor Hashmi recognized Paris resident Ms. Alsobrook, for input on this item. 17. 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, to -wit: a) Paris -Lamar County Health Department; and b) Ranger Abbott vs. City of Paris, et al; 62nd Judicial District Court, Lamar County, Texas; Cause No. 79627. • Pursuant to Section 551.074 of the Texas Government Code, to deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal