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Regular Council Meeting September 14, 2020 Page 3 OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; PROVIDING A REPEALER CLAUSE, A SEVERABILITY CLAUSE, A SAVINGS CLAUSE; AND PROVIDING AN EFFECTIVE DATE. Mayor Pro -Tem Portugal inquired if City Council had any questions for Mr. Path. Council Member Knox said she had a comment. She said everyone had complimented Mr. Path on his budget preparation and presentation, and it had been a wonderful process. Council Member Knox said Mr. Path was well prepared, and had answered all of her questions. She also said that he had been very generous to acknowledge how helpful staff was and she wanted to thank him and staff. Mayor Pro -Tem Portugal echoed Council Member Knox's comments. A Motion to approve this item was made by Council Member Pilgrim and seconded by Council Member Savage. Motion carried, 5 ayes — 0 nays. 10. Discuss and authorize City Staff and SAMCO Capital Markets, the City's financial advisor, to proceed with refunding the City's outstanding Combination Tax and Limited Pledge Revenue Certificates of Obligation, Series 2010, so long as certain savings thresholds can be achieved. Finance Director Gene Anderson explained that ten years ago the City issued $3,005,000 in certificates of obligation for improving and expanding South Collegiate Drive. He said that SAMCO recommended the city redeem the certificates and issue new ones because the City could save approximately $172,000 from this process and that the refunding would not extend the maturity date on the 2010 CO issue. A Motion to approve this item was made by Council Member Knox and seconded by Council Member Pilgrim. Motion carried, 5 ayes — 0 nays. 11. Discuss and act on ORDINANCE NO. 2020-034: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, APPROVING A NEGOTIATED SETTLEMENT BETWEEN THE ATMOS CITIES STEERING COMMITTEE ("ACSC") AND ATMOS ENERGY CORP., MID-TEX DIVISION REGARDING THE COMPANY'S 2020 RATE REVIEW MECHANISM FILING; DECLARING EXISTING RATES TO BE UNREASONABLE; ADOPTING TARIFFS THAT REFLECT RATE ADJUSTMENTS CONSISTENT WITH THE NEGOTIATED SETTLEMENT; FINDING THE RATES TO BE SET BY THE ATTACHED SETTLEMENT TARIFFS TO BE JUST AND REASONABLE AND IN THE PUBLIC INTEREST; APPROVING AN ATTACHED EXHIBIT ESTABLISHING A BENCHMARK FOR PENSIONS AND RETIREE MEDICAL BENEFITS; APPROVING AN ATTACHED EXHIBIT REGARDING AMORTIZATION OF REGULATORY LIABILITY; REQUIRING THE COMPANY TO REIMBURSE ACSC'S REASONABLE RATEMAKING EXPENSES; DETERMINING THAT THIS RESOLUTIONS WAS PASSED IN ACCORDANCE WITH THE REQUIREMENTS OF THE TEXAS OPEN MEETINGS ACT; ADOPTING A SAVINGS CLAUSE;