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07/16/2018 MinutesMINUTES OF THE SPECIAL CITY COUNCIL MEETING OF THE CITY OF PARIS, TEXAS July 16, 2018 The City Council of the City of Paris met for a special session at 5:30 p.m. on Monday, July 16, 2018, at the City Council Chamber, 107 E. Kaufrnan, Paris, Texas. Present: Mayor: Steve Clifford Council Members: Renae Stone; Billy Trenado; Clayton Pilgrim; and Paula Portugal City Staff John Godwin, City Manager; Stephanie Harris, City Attorney; and Janice Ellis, City Clerk Absent: Council Member: Linda Knox O enin,,, A . enda 1. Call meeting to order. Mayor Clifford called the meeting to order at 5:30 p.m. Regular Agenda 2. Convene into Executive Session pursuant to Section 551.087 of the Texas Government Code, (1) to discuss o deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect described by Subdivision (1), as follows: American Spiral Weld. Mayor Clifford convened City Council into executive session at 5:30 p.m. 3. Reconvene into Open Session and possibly take action on those matters discussed in Executive Session. Mayor Clifford reconvened City Council into open session at 7:35 p.m. Mayor Clifford made a Motion to authorize the PEDC to spend up to $250,000 for additional expenses related to the American Spiral Weld Project, and authorize the PEDC to spend up to $1,000,000 for jobs over the threshold amount, and approve a deescalating tax abatement of capital expenditures at a rate of 100% for the first year, 100% for the second year, 70% for the third year, 70% for the fourth year, 50% for the fifth year, 25% for the sixth year and 25% for the seventh year. Council Member Portugal seconded the motion. Motion carried, 6 ayes — 0 nays. Special City Council Meeting July 16, 2018 Page 2 4. Adjournment. There being no further business, a Motion to adjourn was made by Council Member Hughes and was seconded by Council Member Trenado. Motion carried, 6 ayes ® 0 nays. The meeting was adjourned at 7:35 p.m. IT Y an,�Z4 6� ___ ................... ,�'�,•`��,`c O,c,,,�STEVi J. CLIFFOp MAYOR NICE ELLIS, Cl �"