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<br />terms and conditions and in the form shown in Exhibit A, attached hereto, as well as any and all <br />other documents incident to implementation of the program. <br /> <br />Section 4. That by approval of this agreement, the City of Paris does hereby commit <br />to provide $47,000.00 in matching funds drawn from the General Fund of the City of Paris as the <br />City's contribution to the construction cost of the program. <br /> <br />Section 5. That by virtue of approval of this agreement, the City of Paris does hereby <br />further commit to waive all permit fees to which the City would otherwise be entitled to collect <br />for the rehabilitation or reconstruction of a minimum of fifteen (15) units of substandard owner <br />occupied housing, the amount of such fees to be $90.70 per house, for a total cost savings and in <br />kind contribution by the City of $1 ,360.00, which combined with the cash contribution referenced <br />in Section 4 above constitutes a total local match of $48,360.00. <br /> <br />Section 6. That in order to streamline construction production, the City does further <br />commit to provide interim funding for construction of up to four units at a time, such funding to <br />be in the amount of $100,000.00. <br /> <br />Section 7. <br /> <br />That this resolution shall be effective from and after its date of passage. <br /> <br />PASSED AND APPROVED this 7th day of September, 2000. <br /> <br />?%/L/~~~ <br />Michael 1. Pfiester, ay <br /> <br />ATTEST: <br /> <br />Mattie Cunningham, City Clerk <br /> <br /> <br /> <br />ATTEST: <br /> <br />