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distribute funds for improvements to sidewalks and other amenities in the <br />Downtown area. <br />Section 7. That the Mayor, City Manager, Director of Community <br />Development and Finance Director be authorized and directed to execute, on behalf <br />of the City of Paris, any and all documents necessary for acceptance and <br />implementation of said grant upon notice of award thereof by the Texas Department <br />of Agriclture under the terms and conditions and in the forms approved by the City <br />Attorney, and to proceed with the use of said funds upon receipt thereof for <br />purposes stated herein and in accordance with the grant conditions. <br />Section 8. The City Council does hereby agree not to participate in <br />program income recapture and will return all program income to the State to be <br />placed in a statewide Revolving Loan Fund to be used by the State to fund future <br />economic development awards. By agreeing to this measure, the City understands <br />that it will be eligible to receive as many Texas Capital Fund awards per program <br />year as it has eligible projects. <br />Section 9. That this resolution shall be effective from and after its date of <br />passage. <br />PASSED AND APPROVED this 27th day of August, 2007." <br />Section 3. That this resolution shall be effective from and after the date of <br />passage. <br />PASSED AND APPROVED this 10th day of August, 2009. <br />Freelen, Mayor <br />ATTEST: <br />0;52ne'Ellis, City Clerk <br />APPROVED AS TO FORM: <br />~ <br />W. Kent McIlya , ' Attorney <br />