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b. This requirement makes emergency amendment difficult and time- <br />consuming, which is inconsistent with a need for prompt response to a grave <br />public necessity. <br />c. Amend this section to require that budget amendments be accomplished in <br />the manner provided by state law, which still requires a grave public <br />necessity, but allows the city council to make that determination, and allows <br />non-emergency, simple amendments if they do not increase the amount of <br />funds to be expended. <br />d. This amendment will give the city council greater ability to respond to true <br />emergency (e.g. homeland security) issues. <br />17. a. Section 63 provides that municipal bonds shall never draw interest in <br />excess of six per cent per annum. <br />b. While not necessarily a problem in the current market, this provision could <br />be significantly restrictive under other economic circumstances, <br />c. Delete the six percent cap interest cap. <br />d. Input from City staff and bond counsel is recommended in analyzing the <br />importance of this suggested amendment. <br />18.* a. Section 74 requires that the sale of any land or other properties valued at <br />more than $1000.00 shall be advertised for bids in the local newspaper and <br />shall be awarded to the highest bidder. <br />b. State law (Ch. 272, Local Government Code) provides specific regulations <br />for the sale of real property by cities, which is generally sold through <br />competitive bids, but which may be sold for its fair market value on the basis <br />of an appraisal if it is real estate of a certain nature (e.g. narrow strips, land <br />conveyed to a governmental entity with power of eminent domain). There are <br />also specific provisions for conveyance of land to abutting property owners. <br />Personal property (e.g. equipment) may be sold under state law in any manner <br />that would be legal for an individual to sell such property. <br />c. Amend Section 74 to provide that city property shall be sold in the manner <br />provided by state law. <br />d. The $1000.00 provision is unnecessarily restrictive and expensive (i.e. cost <br />of publication) whereas state law currently ensures that cities will sell <br />property in a fair, responsible manner. <br />19. a. Section 75 requires council approval for all expenditures by the director of <br />finance exceeding $1000.00. <br />b. This restriction may be unnecessarily restrictive on the ability of the <br />financial director and city manager to perform their jobs, may delay important <br />purchases, and may create multiple agenda items for council meetings. <br />c. Increase the amount or provide that the council shall set a limit on the <br />amount by ordinance. <br />d. The $1000.00 is much lower than that utilized in many other cities the size <br />of Paris (that do not have such a provision in their charter), and failure to <br />amend will continue an inefficient process. <br />6 <br />