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Regular Council Meeting October 26, 2020 Page 5 with Chapter 35, he said staff recommends that the zoning ordinance be amended to include a new definition for vehicle storage facility, as well as to assign the appropriate districts in which this land use will be permitted. Mr. Path further explained this amendment would be adding Towing and Vehicle Storage Lot as a new land use, and amending Section 8-105 to allow this use in the Commercial Districts by SUP, and outright in Light Industrial and Heavy Industrial Districts. Mayor Clifford opened the public hearing and asked for anyone wishing to speak in support or opposition of this zoning change, to please come forward. With no one speaking, Mayor Clifford closed the public hearing. A Motion to approve this item was made by Council Member Pilgrim and seconded by Council Member Portugal. Motion carried, 6 ayes — 0 nays. 17. Discuss and act on the TxDOT CARES Act Airport Grant Agreement for the City of Paris Municipal Airport, in the amount of $69,000.00; and authorize the City manager to execute all necessary documents. Mr. Path reported that the City of Paris Municipal Airport had been allocated $69,000.00 through the CARES Funding to assist it with airport -related expenditures related to operational, inventory, personnel, capital, and outlay. He said the plan was to obtain the funds in the next few months and use for capital improvements at the Airport. A Motion to approve this item was made by Council Member Portugal and seconded by Council Member Knox. Motion carried, 6 ayes — 0 nays. 18. Consider all matters incident and related to the issuance and sale of the City of Paris, Texas Tax Note, Series 2020, including the adoption of ORDINANCE NO. 2020-058: AUTHORIZING THE ISSUANCE OF SUCH NOTE AND ENACTING OTHER PROVISIONS RELATED THERETO. Finance Director Gene Anderson said Mark McLiney with SAMCO was going to give the City Council a brief presentation on this item, as well as item 20. A Motion to move item 20 up on the agenda was made by Mayor Clifford and seconded by Council Member Portugal. Motion carried, 6 ayes — 0 nays. Mark McLiney said four institutions bid on the tax notes and the bond refunding, with local bank Liberty National Bank coming in with the winning bids. Mr. McLiney presented details about the results, including interest rates, prior debt, refunding, savings, present value, and the final costs. He also presented a timetable of events. (For reference, a copy of Mr. McLiney's presentation is attached to these minutes)