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y <br />October 24, 2022 <br />Page <br />Mr. Path said Mark McLiney with SAMCO would be speaking to Council about this <br />item. Mr. McLiney said the rates were in place to cover the bonds and bonds were sold earlier <br />that <br />day. He said the City will have the money on November 9h. <br />Following questions from City Council, a Motion to approve this item as made by <br />Council a and seconded by Council e er Knox. Motion carried, 6 ayes — <br />nays <br />20. Discuss x act on ORDINANCEAN ORDINANCE <br />COUNCIL OF THE CITY OF PARIS, TEXAS, AUTHORIZING AND DIRECTIN <br />THE DIRECTOR OF FINANCE TO TRANSFER UNENCUMBERED FUNDS FRO <br />VARIOUS DEPARTMENTS OTHER DEPARTMENTS <br />ARE <br />EXPECTED <br />- ORIGINAL BUDGE <br />APPROPRIATIONS; MAKINGFINDINGSd PROVISIONS RELATE <br />TO THE SUBJECT; PROVIDING 1 REPEALER CLAUSE, A S EVtRABWAT <br />CLAUSE, A SAVINGS AN ATE. <br />Finance Director Gene Anderson explainedannual year-end <br />ordinance which increased certain departmental budget's to cover expenditures. Hesaid the <br />increases were offset by decreasing other;,a; a:,appropriati <br />surplus or by using revenues that also exceedliudget. <br />A Motion to approve this item was made by Mayor <br />Pro -Tem seconded <br />carried,Council Member Pankaj. Motion nays. <br />21. Convene into executive session pursu I a;,i <br />exchange, to Section 551.072 of the Texas Government <br />Code, to deliberate the purchase, <br />detrimentalin an open meeting would have a <br />body d#, 1, , , person. <br />22° Reconvene into opera session and possibly take action on those matters discussed in <br />executive session° <br />Mayor Portugal reconvened City Council into open session at 6:47 p.m. and said there <br />was no action to be taken. <br />23. Consider aapprove future events for City Council /or City Staff pursuant to <br />Resolution No. 2004-081 , <br />