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1987-040-RES WHEREAS, Resolution No. 84-084 passed and adopted on the 10th day of December, 1984, authorized
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1987-040-RES WHEREAS, Resolution No. 84-084 passed and adopted on the 10th day of December, 1984, authorized
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8/18/2006 4:34:25 PM
Creation date
6/1/2005 8:54:19 AM
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CITY CLERK
Doc Name
1987
Doc Type
Resolution
CITY CLERK - Date
4/13/1987
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<br />EXHIBIT D <br /> <br />SCHEDULE FOR COMMITTING RENTAL REHABILITATION FUNDS <br /> <br />Contractor shall have rental rehabilitation funds received under this contract <br />committed to specific local prOjects in accordance with the timetable set out <br />below. .Commit to specific local prOjects. means a legally binding agreement <br />between Contractor and an Owner under which the Contractor agrees to prOVide <br />rental rehabilitation funds to the Owner for an identifiable rehabilitation <br />project that can reasonably be expected to start construction within 90 days <br />after the commencement date of the agreement and the Owner agrees to start <br />construction within that period. Upon written request by Contractor, <br />Department may, at its sole option and in its sole discretion, alter and amend <br />the schedule for committing rental rehabilitation funds by written letter of <br />notification. This notification procedure shall be an exception to Section 16 <br />of this contract requiring all amendments to be in writing and executed by <br />both parties thereto. <br /> <br />1st Quarter <br />FFY 19B7 <br /> <br />2nd Qua rter <br />FFY 1987 <br /> <br />3rd Quarter <br />FFY 1987 <br /> <br />4th Quarter <br />FFY 1987 <br /> <br />JanuarY-March <br /> <br />April-June <br /> <br />JUlY-September <br /> <br />October-December <br /> <br />$61,259.67 <br /> <br />$84,919.34 <br /> <br />$108.578.57 <br /> <br />$-0- <br /> <br />PAGE 1 OF 1 <br />
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