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City Manager Sweatt requested authorization to advertise for bids for a two-year period for a City depository, such bids to be received February 9, 1977, 10:00 A. M. and presented to the City Council at its meeting on February 14, 1977. A motion was made by Councilman Williams and seconded by.Councilman Fisher approving the request of the city manager. The motion carried: 6 ayes, 0 nays. City Manager Sweatt advised the Council that a rate increase request had been re- ceived from the Texas Power and Light Company. Mr. Hardy England, District Pianager of Texas Power & Light Company, appeared before the Council, requesting the rate increased and stating that there was a 34% average rate increase included in the request. Mayor Brunette appointed a committee composed of Councilman Hinds, Coun- cilman Williams, Councilman Stone and City Manager Sweatt to study the rate request and make recommendation to the Council concerning same. Resolution No. 1781, suspending the schedule of rates filed by Texas Power .& Light Company, on the 22nd day of December, 1976, was presented. A motion was made by Councilman Fisher and seconded by Councilman Stone for the adoption of the resolu- tion. The motion carried: 6 ayes, 0 nays. RESOLUTION NO. 1781 WHEREAS, Texas Power. & Light Company did on December 22, 1976 file a rate request with the City of Paris; and, WHEREAS, such request requires extensive study; and, WHEREAS, the laws of the State of Texas require that the City of Paris, acting as a regulatory authority, hold a hearing after notice of a major change has been filed; and, WHEREAS, the City of Paris may suspend the operation of the schedule for a period not to exceed 120 days beyond the date on which the schedule of rates would otherwise go into effect; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF. THE CITY OF PARIS, That the operation of the schedule of rates filed by Texas Power & Light Company on the 22nd day of December, 1976, be, and the same is hereby suspended. Passed and adopted this 10th day of January, 1977. Jam M. Brunette, Mayor ATTEST: H: C. Greene, City . lerk APP VEDAS O FORM: T. K. r Taynes, City Attorney