Agenda Packet - Laserfiche WebLink

Home Browse Search

Regular Council Meeting April 28, 2025 Page 4 He also said the Current Future Land Use was guided Low Density Residential and the rezoning would be in accordance with the City's Comprehensive Plan. Mr. Mensah said the Planning and Zoning Commission recommended approval, as did City Staff. Mayor Pankaj opened the public hearing and asked for anyone wishing to speak about this item to please come forward. With no one speaking, Mayor Pankaj closed the public hearing. A Motion to approve this item was made by Council Member Putnam and seconded by Council Member Kessel. Motion carried, 6 ayes — 0 nays. 17. Discuss and act on RESOLUTION NO. 2025-022: A RESOLUTION APPROVING THE FORM AND AUTHORIZING THE MAYOR TO EXECUTE THE "REIMBURSEMENT AGREEMENT — FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1" BETWEEN THE CITY OF PARIS, TEXAS AND LONE STAR PLANNED DEVELOPMENTS, LLC. Deputy City Manager Rob Vine explained that the developer had requested the City issue PID bonds for Phases 1 and 2 of the project and pursuant to the Agreement, they shall not exceed $20,000,000.00. He explained the City would not have any liability with respect to repayment. Mr. Vine said the PID was a reimbursement which required the developer to advance costs for the authorized improvements for reimbursement from the PID bond fund. He also said the agreement satisfied the requirements of Section 372.023 of the Act and additional documentation would be brought to Council for approval prior to bonds being issued. Mr. Vine said the SAMCO representative was available to answer questions. A Motion to approve this item was made by Mayor Pro -Tem Savage and seconded by Council Member Moore. Motion carried, 6 ayes — 0 nays. 18. Receive presentation by the Fire Chief regarding the purchase of fire trucks and equipment and possible financing options to facilitate the purchase and other matters related thereto. Fire Chief McMonigle said the Fire Department had fallen behind in apparatus purchasing over the last several years due to Covid and budgetary constraints. He also said that over the last five years, repairs and dependability issues had increased , and they needed to return to the schedule for apparatus replacement as soon as possible. Chief McMonigle said there were different financing or payment options available which would be addressed by Ryan. Cunnincham from SAMCO, Rose Beverly and Gene Anderson. Mr. Anderson said in 2020, the City used tax notes for equipment and vehicles for Public Works and those notes would be paid off next year. Mr. Cunningham said a reimbursement resolution would allow them to move forward. Mayor Pro -Tem Savage asked Mr. Cunningham to explain to the Council how tax notes worked, and Mr. Cunningham reviewed in summary tax notes. Mayor Pro -Tem Savage inquired about the worth of the old engines. Chief McMonigle said if they are put in an auction, they might get $30,000.00 per engine. Ms. Rose said they