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Regular Council Meeting July 22, 2024 Page 6 A Motion to approve this item was made by Mayor Pro -Tem Savage and seconded by Council Member Ellis. Motion carried, 6 ayes — 0 nays. 18. Discuss and act on ORDINANCE NO. 2024-024: AN ORDINANCE ESTABLISHING SCHOOL ZONE SPEED LIMITS ON CERTAIN PORTIONS OF CERTAIN STREETS AND HIGHWAYS AND PUBLIC PLACES IN THE CITY OF PARIS, AMENDING TRAFFIC SCHOOL ZONE SPEEDS IN CHAPTER 11.02.005; ESTABLISHING DAYS AND TIMES WHEN SCHOOL ZONE SPEED LIMITS WILL BE IN EFFECT. Assistant Police Chief Tuttle reported that prior to the end of the 2023-24 school year, Paris, North Lamar and Chisum Independent School Districts voted to change their instructional schedule to four days a week. He said this ordinance was to amend the Traffic Control Map changing the time of school speed zones in each district and establishing a new school speed zone on North Lamar Parkway. A Motion to approve this item was made by Council Member Moore, and seconded by Council Member Putnam. Motion carried, 6 ayes — 0 nays. Mayor Pankaj asked for a Motion to move item number 24 up on the agenda. A Motion to move item 24 up was made by Council Member Kessel and seconded by Council Member Ellis. Motion carried, 6 ayes — 0 nays. 24. Receive a presentation from Nathan Spaulding about creating a Public Improvement District "PID" for the Forestbrook Estates Subdivision. Interim City Manager Rob Vine said at the July 2nd Special City Council meeting, City Council heard from SAMCO and P3 about Public Improvement Districts. He also said tonight developer Nathan Spaulding was going to tell them about his development and how a PID could benefit the City. Mr. Vine said Mr. Spaulding had submitted a PID Petition which would be the topic of a future agenda. Mr. Spaulding with Lone Star Planned Development, reviewed the Forestbrook Project, and said it would help growth objectives for Paris and help development to become successful. He said they normally started with single family homes first, and Phase I was planned for 254 home lots off Jefferson Road. Mr. Spaulding explained the First Phase originally was not to have a PID on that 59 acres but have it on the remainder of the acreage. He explained they got push back from home builders and lenders because it was a sizeable development and should have a PID. Mr. Spaulding said as they looked back, they realized it was a mistake not to plan for a PID at the beginning. He further explained the idea was for Phase II to have a PID because it was more expensive. Mr. Spaulding said this was not the best way to do it because Phase I would not have an assessment but Phase II would, and they were all part of the same community. He fast forwarded to today and said prices had skyrocketed and they really needed to do a PID on Phase I, and could spread out the assessment for the whole neighborhood. Mr. Spaulding said the entire project consisted of almost over 200 acres. He this would be economically viable for home buyers with more amenities, such as a walking track or pocket park. Mr. Spaulding briefly touched on different types of bonds and said they were proposing a reimbursement bond.