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Regular Council Meeting March 14, 2016 Page 6 Mr. Godwin explained that tax increment financing sets aside funds to redevelop areas within cities and if they create a TIRZ for downtown Paris, then new construction would cause ad valorem values to increase, and the increased revenue would be placed into a separate TIRZ fund instead of the City's general fund. He said property owners may be encouraged to invest more readily if they knew increased tax payments would stay in their neighborhood. Mr. Godwin explained that TIRZ funds could be pledged against the sale of bonds for a significant project. He said they would have to have a board and a plan in place. Following discussion among Council Members and the City Manager, it was a consensus to receive more information about the tax increment reinvestment zone. 20. Discuss and act on a curbside recycling program for the city residents. A Motion to bring this item from the table was made by Mayor Hashmi and seconded by Council Member Lancaster. Motion carried, 5 ayes — 0 nays. Mayor Hashmi said he placed this item on the agenda in order to explore the possibility of curbside recycling, because the current recycling program had been very successful. Mr. McDaniel said the current program was working very well, but that curbside was expensive. He said it would cost the City $600,000 to $700,000 a year if they hired a contractor. Mayor Hashmi inquired about landfill savings and Mr. McDaniel said there were savings but could not give a breakdown because it was not tracked in that manner. Mayor Hashmi asked Josh Bray if they had recycling in their business. Mr. Bray said they did serve other cities, and that curbside service was expensive. Public Works Director Jerry McDaniel told the Council another bin had been ordered and some businesses were interested in purchasing bins to be placed at other locations. Mr. Godwin said the bins would have the logos of the businesses and sought direction from Council. Following additional discussion, it was a consensus of City Council to accept the bins from businesses for placement at other locations. It was also a consensus of City Council to not take further action at this time on a curbside recycling program but possibly revisit the subject in the future. 21. Discuss and act on ORDINANCE NO. 2016 -010: AN ORDINANCE OF THE CITY OF PARIS, TEXAS, DECLARING UNOPPOSED CANDIDATES IN CITY COUNCIL DISTRICTS 1, 2, AND 3 FOR THE MAY 7, 2016, GENERAL ELECTION BE ELECTED TO OFFICE; DETERMINING THAT NO GENERAL ELECTION BE HELD IN DISTRICTS 1, 2 AND 3; DIRECTING THAT A COPY OF THIS ORDINANCE BE POSTED AT APPROPRIATE POLLING PLACES; DIRECTING THAT A CERTIFICATE OF ELECTION BE ISSUED TO THE UNOPPOSED CANDIDATES; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO