14-Texas Capital Fund Infrastructure Grant Program to construct a water main to supply Daisy Farms

Home Browse Search

Section 1. The findings set out in the preamble to this resolution are hereby in all things approved. Section 2. The submission of an application to the Texas Department of Agriculture, Office of Rural Community Affairs Texas Capital Fund Infrastructure Grant Program be, and the same is hereby approved to provide infrastructure improvements for a commercial dairy farm to locate in Lamar Counry, Texas, in the amount of $1,000,000.00 with $940,000.00 to be for the infrastructure project and $60,000.00 for the administration of said grant. Section 3. The City of Paris agrees to comply with all commitments and assurances set forth in the grant application and, if funded, the award, and the City Manager of the City of Paris be, and he is hereby authorized and directed to execute on behalf of the City of Paris, an application for said grant. Section 4. The City Engineer be, and he is hereby appointed as Project Director and is hereby authorized and directed to execute and deliver, on behalf of the City of Paris all reports, communications, assurances, and documents necessary for the completion of said project. Section 5. That the Director of Finance be, and he is hereby, authorized and directed to serve as the Financial Officer for said project and to receive and distribute funds for said infrastructure project. Section 6. That the Ciry Mayor, City Manager, the City Engineer and Finance Director be authorized and directed to execute, on behalf of the City of Paris, and and all documents necessary for acceptance and implementation of said grant upon notice of award thereof by the Texas Department of Agriculture under the terms and conditions and in the forms approved by the City Attorney, and to proceed with the use of said funds upon receipt thereof for purposes stated herein and in accordance with the grant conditions. Section 7. The City has reviewed and hereby agrees not to participate in program income recapture and will return all program income to the state to be placed in a statewide Revolving Loan Fund to be used by the state to fund future economic development awards. By agreeing to this measure, the City understands that it will be eligible to receive as many Texas Capital Fund awards per program year as it has eligible projects. Section 8. This resolution shall be effective immediately upon passage. AYES: NAYES: ABSENT: ~