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4E) <br />City Attorney Schenk presented the following petitions for rezoning: Mark <br />Easlon, Lot 6, City Block 306 -A, from an Office District to a Commercial <br />District; Alma Akins, Lot 3, City Block 54, from a Two - Family Dwelling <br />District to a One - Family Dwelling District No. 3 with Specific Use Permit (39) <br />Manufactured Homes. <br />Mayor Pfiester referred the petitions to the Planning and Zoning Commission <br />for their study and recommendation at their meeting scheduled for February 3, <br />2003, and before the City Council February 6, 2003. <br />Mayor Pfiester announced that the next item on the agenda was a quarterly <br />financial report from the Director of Finance. <br />Gene Anderson, Director of Finance, came forward telling the City Council that <br />what he has done with the three page report that he has prepared is to give them <br />highlights and to point out key things regarding the revenue and expenditures <br />of the city. <br />Mr. Anderson directed the council's attention to the first page entitled "Key <br />Operating Funds ". He said he pulled the cash and investments line item out <br />because in an organization as large as the City of Paris, where you have a 34 or <br />35 million dollar budget, cash flow is an important item as it is the life -blood of <br />the organization. He pointed out the cash and investments for the General <br />Fund. He provided the balance as of December 31, 2002, of 4.1 million and <br />