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RESOLUTION NO. <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />TEXAS, APPROVING SUBMISSION OF AN APPLICATION FOR <br />$100,000.00 OF RURAL BUSINESS ENTERPRISE GRANT-REVOLVING <br />LOAN FUND (RBEG-RLF) FUNDS TO PURCHASE A COMMERCIAL <br />BUILDING IN ORDER FOR A LOCAL BUSINESS TO EXPAND ITS <br />OPERATION; MAHING OTHER FINDINGS AND PROVISIONS <br />RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE <br />DATE. <br />WHEREAS, the City Council of the City of Paris did heretofore, on the 6th day of <br />August, 1998, in Resolution No. 98-104, authorize an application to be made to the United States <br />Department of Agriculture, Rural Economic and Community Development Division, for a <br />Revolving Loan Fund grant; and, <br />WHEREAS, the City Council of the City of Paris did heretofore, on the 12th day of <br />June, 2000, in Resolution No. 2000-076, authorize the acceptance of a Rural Business Enterprise <br />Grant - Revolving Loan Fund (RBEG-RLF) to fund small and emerging businesses; and, <br />WHEREAS, Kenneth White, d.b.a. White's Flooring Depot, has requested approval to <br />submit an application to the Rural Economic and Community Development Division for RBEG- <br />RLF funds in the amount of $100,000.00 to assist with the purchase of property at 2030 N. Main <br />Street in order to expand his operation and add employees; and, <br />WHEREAS, it is deemed to be in the best interests of the citizens of Paris that the City <br />of Paris approve submission of Mr. White's application and continue its efforts to fund small and <br />emerging businesses in the city of Paris; and, <br />WHEREAS, the forms of the Request for Funding and the Request for Environmental <br />Information, attached hereto as Exhibit A, should in all things be approved, and the City <br />Manager should be authorized to execute the same; and, <br />WHEREAS, the City Council desires to authorize the Mayor, City Manager, and <br />appropriate City staff to accept and implement said funding (if same is received) without further <br />action of City Council; and,; NOW, THEREFORE, <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: <br />Section l. That the findings set out in the preamble to this resolution are hereby in all <br />things approved. <br />Section 2. That the submission of an application to the Rural Economic and Community <br />Development Division from Kenneth White, d.b.a. White's Flooring Depot, for $100,000.00 of <br />Rural Business Enterprise Grant-Revolving Loan Fund (RBEG-RLF) funds to purchase a <br />