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<br />Section 6. That it further be stated that the City of Paris is providing $25,000.00 in local <br />match to pay for expenses for loan processing and program management in this homebuyer program. <br /> <br />Section 7. That it further be stated that the City of Paris is accepting from local Consumer <br />Credit Counseling Services pre-purchase counseling for all twenty-five (25) applicants. This service <br />is estimated to be $125.00 per applicant for a total in-kind match of$3,125.00. <br /> <br />Section 8. That the City agrees to cash flow up to $52,500.00 in order for the program to be <br />successful. <br /> <br />Section 9. That this resolution shall be effective from and after its date of passage. <br /> <br />PASSED AND APPROVED this 14th day of May, 2001. <br /> <br />~Z:l~ <br />Michael J. Pfie er, yor <br /> <br />ATTEST: <br /> <br />~~...~.....----'._-~ <br />Mattie Cunningham, City Clerk <br /> <br />APPROVED AS TO FORM: <br /> <br />