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1991-088-RES WHEREAS, the City Council of the City of Paris, did heretofore in Resolution No. 89-008 passed and
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1991-088-RES WHEREAS, the City Council of the City of Paris, did heretofore in Resolution No. 89-008 passed and
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8/18/2006 4:33:24 PM
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4/13/2005 12:34:49 AM
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CITY CLERK
Doc Name
1991
Doc Type
Resolution
CITY CLERK - Date
8/12/1991
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<br />EXHIBIT C <br /> <br />CITY OF PARIS <br /> <br />SCHEDULE FOR COMMITTING RENTAL REHABILITATION FUNDS <br /> <br />Contractor shall have rental rehabilitation funds received under this contract committed to <br />specific local projects in accordance with the timetable set out below. "Commit to specific local <br />projects" means a legally binding agreement between Contractor and an Owner under which <br />the Contractor agrees to provide rental rehabilitation funds to the Owner for an identifiable <br />rehabilitation project that can reasonably be expected to start construction within 90 days after <br />the commencement date of the agreement and the Owner agrees to start construction within <br />that period. Upon written request by Contractor, Department may, at its sole option and in its <br />sole discretion, alter and amend the schedule for committing rental rehabilitation funds by <br />written letter of notification. This notification procedure shall be an exception to Section 1 6 of <br />this contract requiring all amendments to be in writing and executed by both parties thereto. <br /> <br />1 st Quarter 2nd Quarter 3rd Quarter 4th Quarter <br />FFY 89 FFY 89 FFY 89 FFY 89 <br />January-March April-June July-September October-December <br />$ -0- $30,000 $60,000 $90,000 <br />1 st Quarter 2nd Quarter 3rd Quarter 4th Quarter <br />FFY 90 FFY 90 FFY 90 FFY 90 <br />January-March April-June July-September October-December <br />$120,000 $150,000 $180,000 $210,000 <br />1 st Quarter 2nd Quarter 3rd Quarter 4th Quarter <br />FFY 91 FFY 91 FFY 91 FFY 91 <br />January-March April-June July-September October-December <br />$230,000 $260,000 $290,000 $300,000 <br /> Page 1 of 1 <br />
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