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<br />City upon which all such requests must be made. Following receipt of said <br />request, the City Engineer shall review said request and formally respond to the <br />subdivider by letter or appropriate form advising the subdivider as to whether or <br />not the request for participating aid meets the requirements of the City's <br />Subdivision Ordinance as specified herein. No participating aid shall be <br />appropriate for any construction in the city of Paris unless said aid has been <br />approved beforehand in writing before construction begins and in accordance with <br />this subsection. <br /> <br />"Any reimbursement due the owner or subdivider under this participating <br />aid policy shall be based on five (5) equal yearly installments. The first installment <br />shall be paid when twenty-five percent (25 %) of the property affected is built upon, <br />but this first installment shall not be made before the beginning of the taxable year <br />following the year in which the Plat was recorded. The second installment shall <br />be paid when forty-five percent (45%) of the property affected is built upon. The <br />third installment shall be paid when sixty percent (60%) of the property affected <br />is built upon. The fourth installment shall be paid when seventy percent (70 %) of <br />the property affected is built upon. The fifth and last installment shall be paid <br />when eighty percent (80 % ) of the property affected is built upon; however, no two <br />(2) installments shall be made payable during anyone year regardless of the percent <br />of property built upon. " <br /> <br />Section 3. That all other ordinances or portions of ordinances in conflict with the terms <br />and provisions of this ordinance shall be and are hereby repealed to the extent of such conflict <br />only. <br /> <br />Section 4. That, if any section, subsection, paragraph, or other portion of this ordinance <br />is declared invalid or unconstitutional by a court of appropriate jurisdiction for any reason, such <br />declaration shall not be held to invalidate or impair the validity, force, or effect of any other <br />portion of this ordinance. <br /> <br />Section 5. That this ordinance shall become effective on the 1st day of August, 2001. <br /> <br />PASSED AND APPROVED this 9th day of July, 2001. <br /> <br />~'L.~ <br />Michael J. Pfi r, or <br /> <br />ATTEST: <br /> <br />~>',,~..~-.r.- ~ <br /> <br />Mattie Cunningham, City Clerk <br />