Paris City Council approves moving forward with Project Red Maple pending performance agreement

The Paris City Council reconvened from executive session on Feb. 9 and approved moving forward with the Paris Development Corporation (PDC) plan for Project Red Maple, contingent on the execution of a performance agreement. The motion to approve was introduced by the Presiding Officer, was seconded, and passed by a 4-0 vote.

The council had convened in executive session under Texas Government Code §551.087, the statutory exemption that permits deliberation regarding commercial or financial information and economic development negotiations. The Presiding Officer identified three projects discussed in the session by the labels "Project Red Maple," "Project Fancy Dirt," and "Project Star Anchor." No further details about the prospects or incentive offers were stated on the record during open session.

Council did not record additional public discussion or dissent on the record after reconvening. The vote authorizes city staff and the PDC to proceed with Project Red Maple negotiations and to execute a performance agreement subject to final terms. The record indicates the decision is contingent on completing that agreement before the city takes further action.

Next steps: staff and the PDC will finalize and execute the performance agreement for Project Red Maple; any material terms or incentives will be reported to the council in a future open-session agenda item.