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Regular City Council Meeting <br />December 14, 2009 <br />Page 4 <br />Biard and seconded by Council Member Kear. Motion carried, 6 ayes - 0 nays. <br />16. First reading, deliberate, and possibly act on ORDINANCE NO. 2009-050: AN <br />ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS ABANDONING A <br />FIFTEEN (IS) FOOT ALLEY BETWEEN 3' STREET SE AND S' STREET SE, <br />BEGINNING AT THE NORTH BOUNDARY LINE OF EAST HEARON STREET <br />GOING NORTH A DISTANCE OF 246.45 FEET TO THE 50UTH PROPERTY LINE OF <br />LOT 23, CITY BLOCK 142, CITY OF PARIS, TEXAS; DECLARING THAT THERE IS <br />NO PUBLIC NECESSITY OR NEED FOR SAID ALLEY FOR CITY USE; MAKING <br />OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; PROVIDING A <br />REPEALER CLAUSE, A SEVERABILITY CLAUSE, A SAVINGS CLAUSE; AND <br />PROVIDING AN EFFECTIVE DATE. <br />A Motion to invoke the supermajority rule was made by Council Member Biard and <br />seconded by Council Member Kear. Motion carried, 6 ayes - 0 nays. <br />A Motion to approve this item was made by Council Member Biard and seconded by Council <br />Member Rogers. Motion carried, 6 ayes - 0 nays. <br />17. Deliberate and act on RESOLUTION NO. 2009-121: A RESOLUTION OF THE CITY <br />COUNCIL OF THE CITY OF PARIS, TEXAS AUTHORIZING THE EXECUTION OF A <br />DEED OF ABANDONMENT TO THE ADJACENT PROPERTY OWNER OF A <br />FIFTEEN (15) FOOT ALLEY ABANDONED BY ORDINANCE NO. 2009-050 FROM <br />THE NORTH BOUNDARY LINE OF E. HEARON STREET A DISTANCE OF 246.45 <br />FEET TO THE SOUTH PROPERTY LINE OF LOT 23, CITY BLOGK 142, BETWEEN <br />3RD STREET SE AND STH STREET SE; MAKING OTHER FINDINGS AND <br />PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE <br />DATE. <br />A Motion to approve this item was made by Council Member Rogers and seconded by <br />Council Member McCarthy. Motion carried, 6 ayes - 0 nays. <br />18. Deliberate and possibly take action on debt refunding. <br />After a brief presentation by the City's Financial Advisor Dan Allmon, City Council decided <br />to consolidate the GO refunding with water and sewer revenue funding in order to save on the cost of <br />issuance and to benefit from a potential improvement in the City's bond rating. It was also the <br />consensus of Council to have staff develop an ordinance requiring 1.1:1 utility rate to debt ratio. <br />19. Second reading and deliberate on an ORDINANCE OF THE CITY COUNCIL OF THE <br />CITY OF PARIS, TEXAS, GRANTING TO STEVEN B. RANEYAND WENDY L. <br />RANEY, DBA YELLOW CAB COMPANY, AN EXTENSION OF AN EXISTING <br />FRANCHISE TO USE THE PUBLIC STREETS, ALLEYS, AND HIGHWAYS OF THE <br />CITY OF PARIS FOR THE PURPOSE OF TRANSPORTING PASSENGERS FOR HIRE <br />~ ~0 on, 10 <br />