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a F114 MIr 9 AS 155 MINUTES OF THE SPECIAL COUNCIL MEETING OF THE CITY COUNCIL January 19, 1981 The special meeting of the City Council of the City of Paris was held Monday, January 19, 1981, 6:00 P. M. Mayor Malone called the meeting to order with the following Councilmen present: Travis Wortham, Billy J. Burnett, Kenneth E. Kohls, W. C. Francis, Ronald Kyle, and Walter F. Williams. Also present were City Manager, R. W. Sokoll, City Attorney, T. K. Haynes, and City Clerk, H. C. Greene. Mayor Malone announced that the first order of business would be a public hearing on the rate change for the Lone Star Gas Company. Mayor Malone declared.the public hearing open and called for proponents and /or opponents to appear and none appeared. Mayor Malone declared the public hearing closed. Mr. Willard Townsend, Manager of Lone Star Gas Company, appeared before the Council and answered questions concerning the rate leveling and change. After discussion, a motion was made by Councilman Kohls, seconded by Councilman Burnett authorizing preparation of an Ordinance adjusting the gas rate. The motion carried 7 ayes, 0 nays. City Attorney Haynes advised would necessarily have to be Tax and recommended that the that 8 years remained on the the Franchise Ordinance woul regular meeting in February. that a portion of the Lone Star Gas Company Franchise amended to increase the Franchise and Gross Receipts Franchise be rewritten for a 25 year period. He advised present Franchise. Mr. Haynes further advised that i be published on first of three readings at the Mayor Malone announced that the next order of business would be to consider the approving of Facility Plan and financing of the City's portion of the cost concerning the Infiltration /Inflow Study. City Manager Sokoll recommended the scope of the project be extended to areas shown on the project map by red and green lines and estimated the cost to be 5.2 million dollars as the City's cost. Mr. Robert G. Day, Vice President, Rauscher & Pierce Securities Corporation, appeared before the Council and discussed the financing of the Infiltration/ Inflow Project. Mr. Day recommended that the Step II of the Infiltration /Inflow Project which involves preparation of plans and specifications for the project be financed by combination certificates of obligation as interim financing for approximate a two year period until other bonds could be issued. Mr. Day stated he felt that certificates-of obligation could be issued for the two year period with no rate increase. A motion was made by Councilman Francis, seconded by Councilman Burnett authorizing Mr. Day and Rauscher & Pierce Corporation to proceed with financial aspect of the project and expressed the Council's intent to enter into an agreement with Mr. Day and Rauscher & Pierce for the financial arrangement and proceedures. The motion carried 7 ayes, 0 nays.