Loading...
01/08/2026 MinutesMINUTES OF THE REGULAR MEETING FOR TAX INCREMENT REINVESTMENT ZONE (TIRZ) BOARD NO. 1 PARIS, TEXAS CITY COUNCIL CHAMBER, 107 E. KAUFMAN ST, PARIS TEXAS THURSDAY, JANUARY 8, 2026 4:00 O'CLOCK P.M. Members present: Cody Head, Chairman; Miles Mathieu, Vice -Chairman; Maureen Hammond, Reeves Hayter, Dillon Cecil and Pam Norwood Members absent: Brad Archer City Staff: Rose Beverly, City Manager; Emily Secrest, Government Analyst; Stephanie Harris, City Attorney; Steve Marriott, Finance Director; Skylar Unger, Deputy City Clerk; and Steve Hodges, Engineering Department Manager 1. Call meeting to order. Chairman Head called the meeting to order at 4:00 P.M. 2. Citizens' input. No one came forward during citizens' input. 3. Approve minutes from the Meeting on October 9, 2025. A Motion to approve the Minutes was made by Vice -Chairman Mathieu and seconded by Ms. Norwood. Motion carried, 6 ayes — 0 nays. 4. Discuss and approve the FY 2024-2025 Annual Report for TIRZ No.l . City Attorney Stephanie Harris explained that Texas Tax Code Section 311.016 requires the governing body of a taxing entity that creates or participates in a TIRZ to file an annual report with the Texas Comptroller's Office. The current report, attached as "Exhibit A", reflects revenues in the fund as of September 30, 2025. Ms. Harris noted that while the fund has since received its tax revenues for fiscal year 2025/2026, those amounts are not included in the report because they were received after the close of the fiscal year. Ms. Harris stated that if the Board approves the annual report, it will be submitted to City Council for approval, and upon City Council approval, she will file the report with the Comptroller's Office through the online reporting portal. She also noted that certain discrepancies in the report are attributable to accrued interest. Mr. Mathieu requested clarification regarding some of the account figures. Ms. Harris responded that an amended report could be filed at a later date if necessary. Page I of 3 A Motion to approve the FY 2024-2025 Annual Report for TIRZ No. 1 was made by Mr. Hayter and seconded by Ms. Hammond. Motion carried, 6 ayes — 0 nays. Receive update on the removal of sub -zone 4 Ms. Harris stated that City Council approved the removal of Sub -Zone 4 at its December meeting and that she would need to file the change with the Comptroller's Office. Mr. Mathieu requested clarification regarding the final year of revenue for the sub -zone. Ms. Harris responded that the change would be effective December 2025, when City Council approved the removal, and noted that the impact would not be significant because Sub -Zone 4 generated minimal revenue. Mr. Mathieu stated that he would update the spreadsheet accordingly. 6. Receive update on the Financial Projection tool, including discussion about utilizing a more accurate growth percentage and confirmation of the TIRZ fund account balance. Mr. Mathieu stated that he has been working with Gene Anderson and Stephanie Lee to obtain accurate figures. He believes the correct taxable value is approximately $40,000,000.00, but noted that he is still working to confirm the exact amount and expects to have it finalized by the next TIRZ meeting. Once finalized, he stated that all parties would be using the same version of the tool. Ms. Hammond requested to be included in the next meeting to review the numbers, noting that she has her own financial projection tool. Chairman Head and Ms. Hammond thanked Mr. Mathieu for his continued work on this item. 7. Receive update from City Manager and City Engineering Department Manager regarding current and future projects. City Manager Rose Beverly introduced City Engineer Department Manager Steve Hodges to provide an update on the 1 st Street Project. Mr. Hodges stated that he spoke with the contractor the previous day and that work was scheduled to resume on February 2nd. He noted that all utilities have been removed and that the June completion deadline remains on track. Mr. Hodges also referenced related projects, including the installation of bump -outs to help slow traffic. Chairman Head asked whether there was a contingency plan in place should the deadline not be met, to which Mr. Hodges responded in the affirmative. Ms. Beverly added that once a project has begun, the CDBG program is generally very accommodating in working with the city. Chairman Head requested that the Board be kept informed of the project's progress moving forward. Ms. Beverly stated that staff would update the Board as information becomes available and encouraged Board members to contact her with any questions. 8. Receive status update on the proposal from Chris Lambka and Associates. Ms. Beverly stated that staff has been working through revisions to the contract language. She also noted that TxDOT approached her regarding lighting improvements at the Bonham Street entryway. TxDOT will be conducting a resurfacing project in that area, which presents an opportunity to enhance the gateway into the City of Paris. Ms. Beverly stated that while staff is still evaluating funding options, several ideas are being considered. Page 2 of 3 Based on this information, the contract with Mr. Lamba is being updated, subject to City Council approval, to include the Bonham Street entryway project within his scope of services. Ms. Beverly then reviewed the current scope of services, highlighting the following key components: A. Project Management B. Existing Plan Review, Existing Conditions Review, and Data Collection C. TxDOT Coordination D. Vision Paris Guide, including: • Two -Way Restoration • Paris Town Square • Parking • Market Square • Streetscape Elements E. Phasing and Implementation Ms. Beverly, Ms. Harris, and Mr. Hodges responded to Board questions regarding the TIRZ Board's role in the process, the adoption of a new finance and project plan following approval of the new plan, potential stakeholder meetings, and the functionality of two-way traffic. Ms. Hammond thanked Ms. Beverly for identifying the consultant and facilitating his involvement in the project. 9. Request future agenda items. Chairman Head stated that Item 6 would be revisited at the next meeting, if it is ready at that time. 10. Adjournment. There being no further business, a Motion to adjourn was made by Vice -Chairman Mathieu and seconded by Ms. Hammond. Motion carried, 6 ayes — 0 nays. Chairman Head adjourned the meeting at 4:50 P.M. .. Cody" ead, Chairman Page 3 of 3 "[�'Xhiblt A" Annual Report Fiscal Year 2024/2025 City of Paris, Texas Tax Increment Reinvestment Zone Number One Pursuant to Texas Tax Code Sec. 311.016, the City Council of the City of Paris, Texas makes this annual report for Tax Increment Reinvestment Zone No. 1 (TIRZ No. 1) for the fiscal year 2024/2025 ending September 30, 2025: 1 The amount and source of revenue in the tax increment fund established for the zone (Sec. 312.016 (a)(1)): The amount of revenue in the Fund as of September 30, 2025 was $255,795.31.The source of revenue is fifty percent (50%) of ad valorem taxes owed to the City of Paris, Texas on the incremental taxable value over and above the base value as established on January 1, 2019. 2. The amount and purpose of expenditures from the fund (Sec. 312.016 (a)(2)): There was a single expenditure of $20,000.00 in the fiscal year. The purpose of the expenditure was the hiring of a consultant to assist the TIRZ Board of Directors with revenue projections and related matters. 3. The amount of principal in interest due on outstanding bond indebtedness (Sec. 312.016(a)(3)): The Fund has issued no bonds and has no indebtedness. 4. The tax increment base and current captured appraised value retained by the zone (Sec. 312.016(a)(4)): The tax increment base retained by the Zone as of September 30, 2025 was $49,649,542.00. The current appraised value retained by the Zone as of September 30, 2025 was $87,115,822.00. 5. The captured appraised value shared by the municipality and other taxing units, the total amount of tax increments received, and any additional information necessary to demonstrate compliance with the tax increment financing plan adopted by the governing body of the municipality. As of September 30, 2025, the captured appraised value shared by the municipality and other taxing units was $87,115,822.00. The total amount of all tax increments received since January 1, 2019 is $241,946.63. No other taxing entity participates in the TIRZ. With the assistance of a consultant, the TIRZ Board of Directors/City has developed a spreadsheet tool to assist with projecting revenues throughout the life of the TIRZ. Approved by the Board of Directors of Tax Increment Financing Zone Number One for Recommendation to the City Council of the City of Paris at the Board's regular meeting on January 8, 2026 by a vote of _ ayes to nays.