05-COUNCIL MINUTES 11-12-2012 - Laserfiche WebLink

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Regular Council Meeting October 22, 2012 Page 4 Finance Director Gene Anderson said the City of Paris could refund its Combination Tax & Revenue Certificates of Obligation, Series 2002 and its General Obligation Refunding Bonds, Series 2003 for savings without extending the maturity date of the original bonds. Mr. Anderson estimated that gross savings would be in the amount of $582,380 with a net present value savings of $554,125. Mark McLiney of Southwest Securities answered questions from City Council. A Motion to invoke the super majority rule was made by Council Member Wright and seconded by Council Member Frierson. Motion carried, 6 ayes — 0 nays. A Motion to approve this item was made by Council Member Wright and seconded by Council Member Frierson. Motion carried, 6 ayes — 0 nays. 16. Discuss and provide direction to city staff on a request from Guaranty Bond Bank to allow relocation of their existing billboard. Mr. Napier said the City received a letter from Guaranty Bond Bank requesting the billboard that was currently in front of the new bank building be relocated. He said staff had run into issues in trying to help the bank, because there were six places in the ordinance that would not allow this. Mr. Napier asked for direction as how to proceed with the bank's request. He said options were to completely remove the billboard or leave it in place, which would not give them room to put a bank sign up. Council Member Jenkins asked if there was anyone from the bank present that wanted to speak about this item. Guaranty Bond Bank President Kenny Dority said the bank wanted to move the billboard approximately 500 feet, so they could put up a bank sign that would look nice. Council Member Wright inquired of Mr. Napier if the billboard would be in compliance after it was moved. Mr. Napier said it would not because of city ordinance. City Manager John Godwin said this was a discussion item, because staff did not have the authority to allow the billboard moved to the requested location, because it would be in violation of the existing ordinance. He said if Council wished to extend some sort of exemption, that an ordinance amendment would be required. Council Member Wright asked about the effect on future requests. Mr. Napier said anyone wanting to put in a billboard or move one, could cite this change. City Attorney Kent McIlyar inquired if they had discussed the possibility of the bank requesting a variance from the Board of Adjustment. Mr. Napier said they had received the new flood maps and learned the location was in the floodplain. Council Member Frierson asked Mr. Dority about placing the billboard toward the back of the property. Mr. Dority said if they could not put the billboard at the front of the lot, the bank would rather keep it in its current location. Council Member Drake wanted to know if the bank moved the biliboard to a location not in the floodplain, could a sign variance request be taken to the Board of Adjustment. Mr. Napier answered in the affirmative. Mr. Dority said that he would get with Mr. Napier 17. Discuss and act on RESOLUTION NO. 2012-089: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, TO CERTIFY LOCAL FUNDING AND SUPPORT OF THE TRAIL DE PARIS PROJECT TO THE STATEWIDE TRANSPORTATION ENHANCEMENT PROGRAM FOR FUNDING COMPETITION �� 4 .. 5