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2008-021-RES-approving submission of an application for $60,000.00 of rural business enterprise grant-revolving loan fund
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2008-021-RES-approving submission of an application for $60,000.00 of rural business enterprise grant-revolving loan fund
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8/21/2012 12:55:29 PM
Creation date
3/31/2008 4:10:58 PM
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CITY CLERK
Doc Name
2008-021-RES
Doc Type
Resolution
CITY CLERK - Date
3/10/2008
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RLF NOTE INSTRUCTIONS <br />Pursuant to our agreement and City Council approval, please have a Note and Deed of Trust <br />developed based upon the following: <br />Date:Mazchl l, 2008 <br />Property: 2030 North Main Street <br />North Main Street <br />Borrower: Kenneth White, dba Whites Flooring Depot of Paris <br />Payee: City of Paris <br />P.O. Box 9037 <br />Paris, Texas 75461-9037 <br />Trustee: Jesse James Freelen <br />Mayor of Paris <br />Amount: $60,000.00 <br />Interest:4.90% fixed <br />Repayment Term: 15 years <br />Payment: $471.35 <br />Security: Real Estate and improvements subordinated to Lamar National Bank <br />Please provide documents to City Attorney for review prior to loan closing. <br />We look forward to assisting you in this financial arrangement in the near future. <br />Sincerely <br />Robert Jones, RLF Manager <br />
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