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<br />EXHIBIT C <br />CITY OF PARIS <br />SCHEDULE FOR COMMITTING RENTAL REHABILITATION FUNDS <br /> <br />Contractor shall have rental rehabilitation funds received under <br />this contract committed to specific local projects in accordance with the <br />timetable set out below. "Commit to specific local projects" means a <br />legally binding agreement between Contractor and an Owner under which the <br />Contractor agrees to provide rental rehabilitation funds to the Owner for <br />an identifiable rehabilitation project that can reasonably be expected to <br />start construction within 90 days after the commencement date of the <br />agreement and the Owner agrees to start construction within that period. <br />Upon written request by Contractor, Department may, at its sole option <br />and in its sole discretion, alter and amend the schedule for committing <br />rental rehabilitation funds by written letter of notification. This <br />notification procedure shall be an exception to Section 16 of this <br />contract requiring all amendments to be in writing and executed by both <br />parties thereto. <br /> <br />1st Quarter 2nd Quarter 3rd Quarter <br />FFY1989 FFY 1989. FFY.1989 . <br /> <br />4th Quarter <br />FFY1989 <br /> <br />January-March April-June July-September <br /> <br />October-December <br /> <br />$35,000.00 $70,000.00 $105,000.00 <br /> <br />$140,000.00 <br /> <br />1st Quarter 2nd Quarter 3rd Quarter <br />FFY 1990 FFY 1990 FFY 1990 <br /> <br />4th Quarter <br />FFY 1990 <br /> <br />January-March April-June July-September <br /> <br />October-December <br /> <br />$175,000.00 $210,000.00 $250,000.00 <br /> <br />$300,000.00 <br /> <br />PAGE 1 OF 1 <br />