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Regular Council Meeting July 11, 2022 Page 3 PEDC Executive Director Maureen Hammond explained the amendments and referenced same as contained in the City Council's agenda packet. Ms. Hammond answered questions from City Council. A Motion to approve the amendments was made by Council Member Pankaj and seconded by Council Member Pilgrim. Motion carried, 6 ayes — 0 nays. 10. Discuss and act on RESOLUTION NO. 2022-050: A RESOLUTION OF THE CITY COUNCIL OF PARIS, TEXAS, SUSPENDING THE AUGUST 1, 2022, EFFECTIVE DATE OF ONCOR ELECTRIC DELIVERY COMPANY'S REQUIRED RATE CHANGE TO PERMIT THE CITY TIME TO STUDY THE REQUEST AND TO ESTABLISH REASONABLE RATES; APPROVING COOPERATION WITH THE STEERING COMMITTEE OF CITIES SERVE BY ONCOR TO HIRE LEGAL AND CONSULTING SERVICES AND TO NEGOTIATE WITH THE COMPANY AND DIRECT ANY NECESSARY LITIGATION AND APPEALS; FINDING THAT THE MEETING AT WHICH THIS RESOLUTION IS PASSED IS OPEN TO THE PUBLIC AS REQUIRED BY LAW; REQUIRING NOTICE OF THIS RESOLUTION TO THE COMPANY AND LEGAL COUNSEL FOR THE STEERING COMMITTEE. Finance Director Gene Anderson said that on May 13, 2022, Oncor filed a statement of intent to increase rates with all cities in its service area. He also said the company was seeking to increase rates by approximately $251 million over rates currently in place and that the rate increase requested by Oncor would become effective on August 1, 2022, unless the City takes action to suspend the effective date. He recommended suspending Oncor's proposed rate for 90 days in order to examine the validity of the request. Mr. Anderson said staff would bring back to the City Council a recommendation concerning this issue at a later date. A Motion to approve this item was made by Council Member Pankaj and seconded by Council Member Moore. Motion carried, 6 ayes — 0 nays. 11. Discuss and act on the water contract with Paris Generation LP (PGEN) and authorize the City Manager to execute all necessary documents. Mr. Anderson explained that Paris Generation was one of several contract water customers and it was time for their contract to be renewed. He said staff worked with the City's water rate consultant, Chris Ekrut, and this contract continues the annual rate calculation under the annual rate study. He said the previous contract was for a three-year period and this contract was for a five-year period with an option five-year extension. 12. Discuss and act on ORDINANCE NO. 2022-042: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, AMENDING ARTICLE 4.03, "SUBSTANDARD AND DANGEROUS BUILDINGS AND STRUCTURES," OF THE CODE OF ORDINANCES, BUILDING AND BUILDING REGULATIONS," TO AUTHORIZE A SALVAGE PROGRAM FOR SUBSTANDARD STRUCTURES DEMOLISHED BY THE CITY; PROVIDING A SAVINGS CLAUSE, PROVIDING A