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connection with the application and, if funded, the award. <br />Section 4. That the City Manager be, and he is hereby, appointed as the Authorized Official <br />of said project and is authorized and directed to execute, on behalf of the City of Paris, an application <br />for said grant. <br />Section 5. That the Director of Community Development be, and she is hereby, appointed <br />as Project Director and is hereby authorized and directed to execute and deliver, on behalf of the City <br />of Paris, all reports, communications, assurances, and documents necessary for the completion of <br />said project. <br />Section 6. That the Director of Finance be, and he is hereby, authorized and directed to serve <br />as the Financial Officer for said project and to receive and distribute funds for improvements to <br />sidewalks and other amenities in the Downtown area. <br />Section 7. That the Mayor, City Manager, Director of Community Development, and the <br />Finance Director be authorized and directed to execute, on behalf of the City of Paris, any and all <br />documents necessary for acceptance and implementation of said grant upon notice of award thereof <br />by the Texas Department of Transportation, under the terms and conditions and in the forms <br />approved by the City Attorney, and to proceed with use of said funds upon receipt thereof for the <br />purposes stated herein and in accordance with the grant conditions. <br />Section 8. The City Council does hereby agree not to participate in program income <br />recapture and will return all program income to the State to be placed in a statewide Revolving Loan <br />Fund to be used by the State to fund future economic development awards. By agreeing to this <br />measure, the City understands that it will be eligible to receive as many Texas Capital Fund awards <br />per program year as it has eligible projects. <br />Section 9. That this resolution shall be effective from and after its date of passage. <br />PASSED AND APPROVED this 27th day of August, 2007. <br />J sse J s Freelen, Mayor <br />ATTEST: <br />ice Ellis, City Clerk <br />APPROVED AS TO FORM: <br />.~ <br />W. Kent McI yar, Attorney <br />