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MINUTES OF THE SPECIAL MEETING OF THE CITY COUNCIL <br /> June 16, 2003 <br /> <br />The City Council of the City of Paris met in special session, Monday, June 16, <br />2003, 6:00 P.M. at Paris Junior College, Applied Technology Building Room <br />1208, 2400 Clarksville Street, Paris, Texas. Mayor Curtis Fendley called the <br />meeting to order with the following Council Members present: Jim Bell, Jay <br />Guest, Joe McCarthy, Francine Neeley, Willie Weekly, Jr., and Benny Plata. Also <br />present were City Manager Michael E. Malone, City Attorney Larry W. Schenk, <br />and City Clerk Mattie Cunningham. <br /> <br />Mayor Fendley announced that the first item on the agenda was presentation of <br />revenue projections and proposed rate adjustments by special consultants Reed, <br />Stowe & Yanke. <br /> <br />City Manager Malone introduced Jack Stowe who is one of the principals of the <br />firm of Reed, Stowe & Yanke, which is now a Division of the International <br />Engineering Consulting Firm of R. W. Beck Inc., who has conducted the city's <br />Water and Wastewater Study as well as consulted with the city on amendments <br />and the new Campbell Soup water contract. City Manager Malone said that Mr. <br />Stowe was going to review the rate study as well as projections based on the <br />change in the Campbell Soup contract. <br /> <br />Mr. Stowe said, to put this study in prospective, he would go back and talk <br />about the existing rates. He said those rates were based on the 1999-2000 <br />budget. They were also based on the 1998-1999 actual for the contractual <br />customers. Mr. Stowe said when it comes to water, the City of Paris is in the <br />unique position of having approximately 35% of its revenue come from <br />wholesale and retail customers, those being primarily Lamar County Water <br />Supply and Campbell Soup Company. He said those particular contracts require <br />the rates to be set on the audited financial statements; so, the contract rates that <br />are being charged today are based upon 1998-1999 financial data. That data is <br />approximately four years old. The contractual obligation of both parties is that <br />these rates are to be adjusted once every three years, and the adjustment should <br />have taken place in the year 2002. He said the study that City Council has before <br />them was originally given to the Council on March 17, 2003. This study was <br />based on the 2001-2002 budget for retail customers. For the wholesale <br /> <br /> <br />