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2024-025 - Changing TIRZ Bylaws to increase the Board from five to sevenORDINANCE NO. 2024-025 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, AMENDING ORDINANCE NO. 2019-045 TO ENLARGE THE BOARD OF DIRECTORS OF TAX INCREMENT REINVESTMENT ZONE NO. 1 FROM FIVE (5) DIRECTORS TO SEVEN (7) DIRECTORS; PROVIDING A REPEALER CLAUSE; PROVIDING A SEVERABILITY CLAUSE; PROVIDING A SAVINGS CLAUSE; AND DECLARING AN EFFECTIVE DATE. WHEREAS, on November 11, 2019, the City Council of the City of Paris enacted Ordinance No. 2019-045 designating a certain area as Tax Increment Reinvestment Zone No. 1(the "Zone" or "TIRZ No. 1" as authorized by the Tax Increment Financing Act, Chapter 311 of the Texas Tax Code (the "Act"); and WHEREAS, Section 4 of said ordinance established a board of directors for the Zone consisting of five (5) members (the "Board"); and WHEREAS, at its July 11, 2024, meeting, the Board voted unanimously to recommend to City Council to enlarge the Board from five (5) members to seven (7) members in order to have greater representation from the community in determining the direction of the Zone and future expenditure of the Zone fund; and WHEREAS, the City Council, having considered the recommendation of the Board finds that enlarging the Board from five (5) to seven (7) members will provide the opportunity for greater representation from the community in determining the direction of the Zone and future expenditure of the Zone fund, and will also make the number of Board positions consistent with other boards and commissions of the city; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: Section 1. That the findings set out in the preamble to this ordinance are hereby in all things approved and incorporated herein for all purposes. Section 2. That City Ordinance No. 2019-045, Section 4 shall be amended to read as follows: "Section 4. That there is hereby established a board of directors for the Zone that shall consist of €ive-�seven members... . "a) live seven members shall be appointed by the City Council of the City of Paris. ..." Section 3. That the remainder of Section 4, shall remain as currently written. Section 4. That all provisions of the ordinances of the City of Paris, Texas in conflict with the provisions of this ordinance are hereby repealed, and all other provisions of the ordinances of the City of Paris not in conflict with the provisions of this ordinance shall remain in full force and effect. Section S. That the repeal of any ordinance or part of ordinances affected by the enactment of this ordinance shall not be construed as abandoning any action now pending under or by virtue of such ordinance or as discontinuing, abating, modifying, or altering any penalty accruing or to accrue, or as affecting any rights of the municipality under any section or provisions of any ordinance at the time of passage of this ordinance. Section 6. That it is the intention of the City Council of the City of Paris that this ordinance, and every provision hereof, shall be considered severable, and the invalidity or partial invalidity of any section, clause, or provisions of this ordinance shall not affect the validity of any other portion of this ordinance. Section 7. That this ordinance shall become effective upon passage. PASSED AND ADOPTED this the 22nd day of July, 2024. SNE C/T. A ' = in ATTEST: City timk+I,,-, AS TO FORM: S l -rnie H. Harris, City Attorney Mihir Pankaj, Mayor