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Regular Council Meeting May 31, 2012 Page 6 everyone need to continue to do better. Council Member Jenkins reiterated Council Member Wright. Mayor Hashmi said he was glad that the discussions had begun. 19. Deliberate and act on RESOLUTION NO. 2012 -056: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, DENYING THE REQUEST OF ATMOS ENERGY CORP., MID -TEX DIVISION, FOR AN ANNUAL GAS RELIABILITY INFRASTRUCTURE PROGRAM (GRIP) RATE INCREASE IN THIS MUNICIPALITY, AS A PART OF THE COMPANY'S STATEWIDE GAS UTILITY DISTRIBUTION SYSTEM; SUPPORTING STATUTORY REFORM OF THE TEXAS GRIP STATUTE, FINDING THAT THE MEETING AT WHICH THIS RESOLUTION IS PASSED IS OPEN TO THE PUBLIC; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. Mr. Anderson said staff was recommending that they deny Atmos Mid -Tex's proposed rate increase pending further settlement discussions, which would prevent Atmos' proposed rate increase from automatically taking effect on June 11, 2012. A Motion to approve the resolution denying Atmos's proposed rate increase was made by Council Member Frierson and seconded by Council Member Lancaster. Motion carried, 6 ayes — 0 nays. 20. Deliberate and act on RESOLUTION NO. 2012 -057: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, AUTHORIZING APPLICATION FOR FINANCIAL ASSISTANCE FROM THE TEXAS WATER DEVELOPMENT BOARD; AND MAKING CERTAIN FINDINGS IN CONNECTION THEREWITH; AND DECLARING AN EFFECTIVE DATE. Mr. Napier said at the Council meeting of May 14th, agreements were approved for bond counsel, a financial advisor and engineering firm. Mr. Napier said the formal application is due before June 15th and that this project had been qualified as a green project, which qualified the City for approximately 15% loan forgiveness. He said the loan amount was reduced to $2,895,000 at a current interest rate of approximately 2.1 %. A Motion to approve the application was made by Council Member Frierson and seconded by Mayor Hashmi. Motion carried, 6 ayes — 0 nays. 21. Deliberate and act on RESOLUTION NO. 2012 -058: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, AUTHORIZING THE CITY MANAGER TO ENTER INTO A CONTRACT WITH RICHARD DRAKE CONSTRUCTION COMPANY TO EFFECT REPAIRS TO THE 24TH SE STREET BRIDGE AT SANDY CREEK; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE.