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r Mayor Pro Tem Burnett referred the petition to the Planning and Zoning Commission for their study and recommendation, and called for a public hearing at the next regular Council meeting. Mayor Pro Tem Burnett announced that the next order of business would be consider - ration of recommendations made by the Traffic Commission. Mayor Pro Tem Burnett requested the Council's attention to the three recommendations made by the Traffic Commission, that being a stop sign on East Polk at 8th Street S. E., a no parking zone on the west side of the 100 block of 3rd S. E., and a no parking zone of the west side of 24th S. E. between Clarksville Street and Jefferson Road. After discussion, a motion was made by Councilman Williams, seconded by Councilman Wortham authorizing the preparation of an Ordinance for consideration at the next regular Council meeting. The motion carried 5 ayes, 0 nays. Mr. Bob Day, Rauscher & Pierce Securities Corporation, appeared before the Council and discussed the proposed issuance of $650,000.00 certificate of oblication. ORDINANCE NO. 2554 DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLICATION was presented. A motion was made by Councilman Kohls, seconded by Councilman Williams for adoption of the Ordinance. The motion carried 5 ayes, 0 nays. Mr. Ray Spencer, representing the Red River Valley Exposition, appeared before the Council requesting a 25 year lease with a 15 - 20 year option. City Manager Sokoli advised that the staff had recommended a 10 year lease with a 10 year option, and that the present lease had 4 and one -half years remaining. Resolution No. 2080, authorizing the Mayor to execute on behalf of the City of Paris a lease agreement with the Red River Valley Exposition Inc. was presented. A motion was made by Councilman Kohls, seconded by Councilman Wortham for adoption of the Resolution. The motion carried 5 ayes, 0 nays.