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Section 4. That the City of Paris does hereby agree to specify and utilize funds from the <br />City's accounts in the amount of $50,000.00 to provide a Cash Reserve designated for the proposed <br />TDHCA award, with these funds being used to pay program costs before receiving reimbursements <br />from the State of Texas HOME/ADDI Program. <br />Section 5. That, should the amount of the grant award from TDHCA be for less than <br />$200,000.00, the Cash Reserve and Match fund amounts designated for the proposed TDHCA award <br />shall be reduced proportionate to the amount of the TDHCA award. <br />Section 6. That the City of Paris does hereby agree to comply with all assurances in <br />connection with the application and, if funded, the award. <br />Section 7. 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 8. That the Director of Community Development be, and she is hereby, appointed <br />as Proj ect 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 9. 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 10. 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 Housing and Community Affairs, under the terms and conditions and <br />in the forms approved by the City Attorney, and to proceed with use of said funds upon receipt <br />thereof for the purposes stated herein and in accordance with the grant conditions. <br />SecNon 11. That this resolution shall be effective from and after its date of passage. <br />PASSED AND APPROVED this 28th day of January, 2008. <br />Jesse James Freelen, Mayor <br />ATTEST: <br />Janice Ellis, City Clerk <br />APPROVED AS TO FORM: <br />W. Kent McIlyar, City Attorney <br />