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Regular Council Meeting May 12, 2014 Page 6 Vice - President Aaron Farmer of The Retail Coach presented to the City Council a retail economic development plan for the City of Paris. The plan included project approach, market and location intelligence, retail strategies, developer strategies, an action plan, and the leadership team. Mr. Farmer answered questions from City Council about leakage, the trade area, retail gap, and retail trade area determination. He also said the cost of services for the first year was $29,995 and should the City want to continue after twelve months, the price would be one -half of the cost. A Motion to approve this item was made by Mayor Hashmi and seconded by Council Member Lancaster. Motion carried, 7 ayes — 0 nays. 15. Consider and act on RESOLUTION NO. 2014 -019: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS AUTHORIZING AND APPROVING A LOCAL TRANSPORTATION PROJECT ADVANCE FUNDING AGREEMENT (LPAFA) THROUGH THE TEXAS DEPARTMENT OF TRANSPORTATION FOR A TRANSPORTATION ENHANCEMENT PROJECT CSJ #0901 -29 -079, DESCRIBED AS WEST PARIS MULTI -USE TRAIL PROJECT; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. Mr. Godwin said in order to proceed with the next step of this project, they needed to complete a Local Transportation Project Advance Funding Agreement with TXDOT. He also said actual construction would not occur until 2015, but they needed to submit the required agreements and begin environmental engineering. Mr. Godwin said the total cost of the project was estimated at $696,208 of which the City must fund $181,014, or 26 %. He also said the City would need to expend $2,361 this year to pay the City's share of the State's administration of the federally - funded program, plus the cost of the engineering. A Motion to approve this item was made by Mayor Hashmi and seconded by Council Member Drake. Motion carried, 7 ayes — 0 nays. 16. Consider and act on an agreement with Hayter Engineering to provide engineering services required to complete the West Paris Trial grant project. Mr. Godwin said this was the same project and the only work to be done under this agreement, was the environmental study. He anticipated the cost to be $5,500 and said funding was available. A Motion to approve this item was made by Mayor Hashmi and seconded by Council Member Frierson. Motion carried, 7 ayes — 0 nays.