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Regular Council Meeting August 14, 2023 Page 3 Re ular A yenda 13. Discuss and act on ORDINANCE NO. 2023-044: AN ORDINANCE 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 2023 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 ATTACHMENT ESTABLISHING A BENCHMARK FOR PENSIONS AND RETIREE MEDICAL BENEFITS; REQUIRING THE COMPANY TO REIMBURSE ACSC'S REASONABLE RATEMAKING EXPENSES; DETERMINING Finance Director Gene Anderson said the Atmos rate -filing request had been reviewed by the City's consultant for the Atmos Cities Steering Committee, which Paris was a member. He also said the rate increase and negotiation between Atmos and SCSC resulted in a 23.9 million dollar reduction in requested revenues by Atmos with an effective date of the rate increase to take effect October 1, 2023. Mr. Anderson said staff recommended approval of this item. A Motion to approve this item was made by Mayor Pro -Tem Pankaj and seconded by Council Member Pilgrim. Motion carried, 7 ayes — 0 nays. 14. Discuss and act on RESOLUTION NO. 2023-033: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS APPROVING AND AUTHORIZING A TAX ABATEMENT AGREEMENT WITH HUHTAMAKI, INC.; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. PEDC Executive Director Maureen Hammond reported that Huhtamaki had been in the community for fifty-one years and in the past several months, they had been working on a project that would expand the Paris facility with a projected $85,000,000.00 in capital investment and the addition of up to 80 new jobs. Ms. Hammond explained PEDC had approved the tax abatement agreement which was de-escalating and for a ten year period. She said the County had approved the agreement earlier that day and was asking that the Council approve it. Plant Manager Adam Rowton thanked the City Council for consideration of the tax abatement. Council Member Savage said this project was a great win for the community and said the PEDC had worked hard with Huhtamaki making this happen. Council Members Pankaj and Pilgrim echoed comments made by Council Member Savage. A Motion to approve this item was made by Mayor Pro -Tem Pankaj and seconded by Council Member Savage. Motion carried, 7 ayes — 0 nays.