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Regular Council Meeting <br />May 15, 2017 <br />Page 6 <br />INCOME TAX RATES CHANGE; TERMINATING THE RRM PROCESS FOR 2018 <br />PENDING RENEGOTIATION OF RRM TERMS AND CONDITIONS; REQUIRING <br />THE COMPANY TO REIMBURSE ACSC'S REASONABLE RATEMAKING <br />EXPENSES; DETERMINING THAT THIS ORDINANCE WAS PASSED IN <br />ACCORDANCE WITH THE REQUIREMENTS OF THE TEXAS OPEN MEETINGS <br />ACT; ADOPTING A SAVINGS CLAUSE; A SEVERABILITY CLAUSE; A <br />REPEALER CLAUSE; DECLARING AN EFFECTIVE DATE; AND REQUIRING <br />DELIVERY OF THIS ORDINANCE TO THE COMPANY AND THE ACSC'S <br />LEGAL COUNSEL. <br />Mr. Anderson explained that on March 1, 2017, Atmos filed a petition requesting for 57.4 <br />million dollars in additional revenues from customers system wide. He said the rate increase <br />request was reviewed by the Atmos Cities Steering Committee of which Paris was a member. <br />Mr. Anderson also said negotiations between Atmos and ACSC resulted in a 9.4 million dollar <br />reduction.,of reauested revenues _bv Atmos and this was reasonable,. <br />A M6t . to annrde this <br />16 =mac: Consider <br />Resolutic <br />None we <br />17 <br />j erng no n <br />ner ous <br />v. <br />Tre acc was second Eby Cou <br />meeting was adjourned at 6:20 p.m. <br />JANICE ELLIS, CITY CLERK <br />was r <br />-s-0 <br />events <br />on to <br />Drake <br />STEVEN J. CLIFFORD, M.D., MAYOR <br />