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Regular Council Meeting February 11, 2013 Page 2 Consent A�enda Mayor Hashmi inquired of Council Members if they wished to pull any items from the Consent Agenda for discussion. Council Member Wright asked for discussion of item 11 and inquired if the west side park on Bonham Street was included in the park plan. Mr. Godwin said it would be included with regard to usage. Mayor Hashmi asked for discussion on item 10. He said that the City of Paris sold certificates of obligation in the amount of $3,500,000 in 2010 for construction of South Collegiate Drive from Loop 286 to Big Sandy Creek Bridge in conjunction with the Texas Department of Transportation's work on FM 1507. Mayor Hashmi said the contract was completed and the contract closed November 12, 2011 and that the remaining fund balance was approximately $951,000. He said the covenants of the certificate of obligations limit the project where the money can be spent. Mayor Hashmi said his understanding of item 10 was that the project was for reconstruction between Clarksville Street and the Big Sandy Creek Bridge, a parking lot for the Trail de Paris and a second entrance into the Police and Court Building. He said he was not opposed to this project, but questioned if the remaining funds from the certificates of obligation could be spend on this project. Mr. Napier said the way the bond covenants were set up was from South Collegiate Drive to Loop 286 all the way to Clarksville Street and this portion was included in that. Mayor Hashmi said the documents approved in 2010 did not include Clarksville Street. Mr. Napier explained the background paragraph of his memo should have read "from South Collegiate Drive from Loop 286 to Clarksville Street." Mr. Napier said the bond itself went from the Loop to Clarksville Street on South Collegiate. Mr. Anderson read the official statement from the bond and said anything on South Collegiate Drive or anything that fronts South Collegiate Drive is a legal expenditure for those bond proceeds. Mayor Hashmi inquired if the parking lot, road and the extension into the police department were legal expenses. Mr. Anderson said as long as it fronted on South Collegiate and all of those do. Mayor Hashmi asked if staff was sure about it. Mr. McIlyar said based on what Mr. Anderson read, he believed that it would include everything directly adjacent to South Collegiate. Council Member Grossnickle wanted to know if the sports complex parking lot was also part of it. Mr. Godwin said it was not part of this work, but was listed separately on the CIP. Council Member Frierson asked Mr. Anderson if he was reading the actual language and Mr. Anderson answered in the affirmative. Council Member Wright asked if there was a big hurry on this item and Mr. Godwin said he presumed not. Mr. Anderson suggested that staff contact the bond attorney and get something in writing from him. It was a consensus of City Council for staff to contact the bond attorney and bring this item back to the next Council meeting. Council Member Wright wanted to know why the bonds were sold, the money wasn't used and the City paying interest on those bonds. Mr. Anderson explained that after the bonds were sold in 2010, the project bids came in lower than the project estimate and that was why there was remaining money. With the exception of items 6b and 10, a Motion to approve the Consent Agenda was made by Council Member Grossnickle and seconded by Council Member Drake. Motion carried, 7 ayes — 0 nays. 5. Approve the minutes from the City Council meeting on January 28, 2013. 6. Receive reports and/or minutes from the following boards, commissions, and committees: