16-Public Hearing deliberate and act on a Resolution authorizing the submission of a contract amendment request for the Texas Capital Fund Contract

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EXHIBIT A PERFORMANCE STATEMENT City of Paris The Contractor shall carry out the following activities in the target area(s) identified on the map in its Economic Development application. The Contractor shall obtain the Department's prior written approval for any modifications or changes that are made to this project's activities specified in Exhibits A and B. Project Summary The purpose of this Economic Development project is to provide infrastructure activities in the form of water line construction in support of the Company. The Company shall be constructing a ten thousand (10,000) cow dairy operation on approximately three thousand (3,000) acres of land located south of Paris close to the intersection of Hwy 19 and FM 2036. The location of the land is defined as the Company's project site. The infrastructure activities shall allow the Company to begin its operations in the City of Paris, Texas. The Company is a manufacturer/producer of sour cream and cottage cheese and this dairy will provide milk for these products. National objective of this CDBG economic development program is to primarily benefit LMI persons through permanent job creation. Project Activities The Contractor shall provide to the Department documentation showing winning bid(s) for "minimum necessary" infrastructure activities that are needed to adequately serve only the Company. These bids also shall contain the alternate provisions for the winning bid(s) addressing oversizing, extra activities or improvements. Oversizing and/or extra activities are defined as activities exceeding the "minimum necessary" needed for this project and are ineligible for payment with contract funds. The Contractor is responsible for payment of all oversizing or extra activities and/or cost overruns and may be required to provide evidence of expenditure(s) prior to drawing contract funds. The "minimum necessary" activities are identified below and the Contractor shall expend a total of One Million and No/100 Dollars ($1,000,000.00) of contract funds on these activities. Water Activities in the amount of Nine Hundred Forty Thousand and No/100 Dollars ($940,000.00). The "minimum necessary" activities are to consist of approximately „ (20,500 . , GRe hundFed twenty loneaF feet ( i f) nf hnrc ,.,d e,,,.,.otwentv four thousand three hundred eiqhtv linear feet (24,380 I.f.) of fourteen inch (14") water distribution line, one thousand two hundred twentv two linear feet (1,220 I f) of sixteen inch (16" water distribution line, one thousand five hundred sixtv linear feet (1,560 I f) of fourteen inch (14") bore, two hundred twentv linear feet (220 I.f.) of twenty four inch (24") bore, eleven (11) fire hvndrants, valves, fittings, meter and vault. These improvements shall be in the following locations: Location From To Distance State Hwy 19 corner of County Rd 11400/Hwy 19 project site 29,-900-24.380 U. Administration Activities in the amount of Sixty Thousand and No/100 Dollars ($60,000.00) to carry out project administration activities, including the cost associated with the required program fiscal and compliance audit as required in Section 19. The Contractor shall ensure that the Company expends a minimum total of Four Million and No/100 Dollars ($4,000,000.00) in cash for this project as follows: , • ThFee Four Million Sffix ene T"^~ ~~d E"t HpndFed and , . 79