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Regular Council Meeting <br />September 10, 2012 <br />Page 2 <br />Consent Agenda <br />Mayor Hashmi inquired of Council Members if they wished to pull any items from ttl e` <br />Consent Agenda for discussion. There were none. <br />A Motion to approve the Consent Agenda was made by Council Member Frierson and <br />seconded by Council Member Drake. Motion carried, 7 ayes — 0 nays. <br />5. Deliberate and act on the approval of minutes from the meetings on August 13, 2012; <br />August 22, 2012; and August 27, 2012 <br />6. Receive and deliberate on reports and/or minutes from the following boards, <br />commissions, and committees: <br />a. Paris Visitors and Convention Council (5 -24 -2012) <br />b. Paris Public Library Advisory Board (6 -27 -2012 and 7 -18 -2012) <br />c. Paris -Lamar County Board of Health (7 -24 -2012) <br />d. Board of Adjustment (7 -17 -2012) <br />e. Historic Preservation Commission (8 -8 -2012) <br />Regular Agenda <br />Mayor Hashmi asked to move item 19 forward on the Agenda. A Motion to move item <br />19 forward was made by Council Member Grossnickle and seconded by Council Member <br />Frierson. <br />19. Discuss and act on RESOLUTION NO. 2012 -079: A RESOLUTION OF THE CITY <br />COUNCIL OF THE CITY OF PARIS, TEXAS, ACKNOWLEDGING AND <br />APPROVING THE RENEWAL OF A LOAN AGREEMENT AND PROMISSORY <br />NOTE BY AND BETWEEN THE PARIS ECONOMIC DEVELOPMENT <br />CORPORATION "BORROWER" AND CAPITAL ONE, N.A. BANK "LENDER" FOR <br />A REVOLVING LINE OF CREDIT IN THE AMOUNT OF TWO MILLION <br />DOLLARS ($2,000,000.00); MAKING OTHER FINDINGS AND PROVISIONS <br />RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. <br />PEDC Executive Director Steve Gilbert explained this was a renewal of an existing two <br />million dollar line of credit. Mr. Gilbert said EDC had this line of credit available if needed for <br />an economic development project. <br />A Motion to approve this item was made by Council Member Frierson and seconded by <br />Council Member Wright. Motion carried, 7 ayes — 0 nays. <br />7. Public hearing on the proposed budget for fiscal year 2012 -2013 for the City of Paris. <br />