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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originating Department: <br />Presented By: <br />Agenda Item No.: <br />07/29/2009 <br />Council Date: <br />Finance <br />Gene Anderson <br />15. <br />08/ 10/2009 <br />RECOMMENDED MOTION: <br />Not an action item - first reading. <br />POLICY ISSUE(S): <br />Fiscal Management <br />In March 2009, Atmos Energy filed an application with the City to increase natural gas rates. The City is <br />one of the 150 cities that comprise the Atmos Cities Steering Committee (ACSC). One of the purposes <br />of this committee is to review and analyze any proposed rate changes. Meeting with Atmos, the ACSC <br />was able to reduce the proposed $20.2 million rate request to $2.6 million. The ACSC believes this <br />negotiated resolution is consistent with or better than a litigated outcome. It is therefore recommended <br />that the Council approved the prepared ordinance and exhibits. <br />BOARD/COMMISSION RECOMMENDATION: <br />NONE <br />EXHIBITS: <br />Ordinance, Attachments A& B, Staff Report <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$NA <br />❑ Department Report ❑ Resolution <br />Budgeted Amt. <br />$NA <br />❑ Presentation Z Ordinance <br />y'I'D Actual <br />$NA <br />❑ Public Hearing ❑ Other <br />Acct. Name <br />NA <br />Acct. Number. <br />NA <br />FISCAL NOTES: <br />None <br />REVIEWED AND APPROVED BY: <br />Z Administration E City Clerk ❑ Community Development ❑ EMS/IT N Finance ❑ Fire <br />❑ Municipal Court Z Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities <br />City of Paris Revised 2/04/08 <br />-125 <br />