15 - TIRZ ExpenseNo. 15
TO: Mayor, Mayor Pro Tem & City Council
FROM: Grayson Path, City Manager
SUBJECT: TIRZ Expense
DATE: April 22, 2024
BACKGROUND:
The TIRZ Board Bylaws, Article 1, Section 2 states:
"The City Council must approve all programs a_n_d exiPenditures for the Zone and annually
review any financial statements of the Zone. "
STATUS OF ISSUE:
At the Thursday, April 11th TIRZ Board meeting, the Board requested an educational and training
presentation to be provided by the Texas Comptroller's office, pursuant to Texas Tax Code
Chapter 311, Section 311.020. This presentation will cover basic TIRZ under the Chapter 311, a
great educational opportunity for the TIRZ Board and anyone who wishes to attend.
BUDGET:
A Texas Comptroller representative will attend this meeting in person to provide the presentation.
They have stated that they will provide us with receipts for travel expenses upon returning to
Austin. This will include fuel, car rental, etc. They have stated that there should be no other
expenses associated with this presentation. The total is unknown at this time, but it is expected to
be reasonable. Pursuant to the TIRZ Board Bylaws, we are seeking approval to proceed with the
travel cost expense from the Texas Comptroller to hold this presentation here in Paris. The TIRZ
Fund has in excess of $160k.
OPTIONS:
1. Authorize the expenditure of TIRZ Funds to hold an educational training conducted by the
Texas Comptroller's office to the TIRZ Board.
2. Request additional information and/or reject the expenditure.
RECOMMENDATION:
1. Authorize the expenditure of TIRZ Funds to hold an educational training conducted by the
Texas Comptroller's office to the TIRZ Board.