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Regular Council Meeting April 9, 2018 Page 2 made by Council Member Knox and seconded by Council Member Portugal. Motion carried, 6 ayes -- 0 nays. 5, Approve minutes from the meeting of March 26, 2018, 6. Receive reports and/or minutes from the following boards, and commissions: a. Housing Authority (12-19-2017) b. Paris Visitors & Convention Council (2-19-2018) c. Planning & Zoning Commission (2-5-2018) Regular Agenda 7. Consider and take action on ORDINANCE NO. 2018-010: AN ORDINANCE AUTHORIZING THE ISSUANCE AND SALE OF CITY OF PARIS, TEXAS GENERAL OBLIGATION BONDS, SERIES 2018; LEVYING AN ANNUAL AD VALOREM TAX FOR THE PAYMENT OF THE BONDS; ENGAGING CONSULTANTS WITH RESPECT TO THE BONDS; AND ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT. Finance Director Gene Anderson said city staff was working with Sainco, Capital Markets, Inc., the City's financial advisors and McCall, Parkhurst & Horton, the City's bond attorneys, and were proposing to sell the small unissued portions of the 201:3/2016 and 2017 bonds issues, which were authorized by citizen vote. Mr. Anderson explained the 2018 bond issue would be mostly water and sewer related in the amount of $1.2 million, but a small portion would be for streets in the amount of $190,000. Mr. Anderson also said the City was seeking private placement of the bonds through a bid process as a cost savings, measure, which meant the City would not have to pay for a bond rating or issue an official statement on the bonds, and the bonds would have a ten-year payoff scheduled. Mr. Anderson said the interest rates were excellent. A Motion to authorize the issuance and sale of the City of Paris, Texas' General Obligation Bonds, Series 2018 to fund costs of street and road improvements and improvements to, the City's water and sewer system, and approving all other matters pertaining thereto was made by Mayor Clifford and seconded by Council Member Portugal. Motion carried, 6 ayes — 0 nays. 8. Discuss and receive public comment on the Parks, Recreation and Opens Space Master Plan Update. City Manager John Godwin said this plan was a five-year update to the Plan of 2013 and was needed prior to the City applying for grants through the Texas Parks and Wildlife. He explained that the next grant round was in October and staff hoped to get this Plan adopted in May or June. Mr. Godwin said it was important to receive public input, Mr. Godwin said he would cover a couple of the priorities with Council, but the actual plan was over eighty pages. Mr. Godwin said Oak Park was selected because of high visibility, and that it had been renovated