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Section S. That the City commits a cash reserve in the amount of $80,000 <br />designated for payment of requested project expenses before receiving reimbursement by <br />the State of Texas. <br />Section 6. That the City Manager, be and he is hereby authorized and directed to <br />execute, on behalf of the City of Paris, any and all documents necessary in connection with <br />this submission and the City's participation in the HOME Program. <br />Section 7. That the Director of Finance be, and he is hereby, authorized and <br />directed to distribute funds for purposes of the Ciry's participation in the HOME Program. <br />Section 8. That this resolution shall be effective immediately upon passage. <br />PASSED AND APPROVED this 22nd day of November, 2010. <br />Will Biard, Mayor <br />ATTEST: <br />Janice Ellis, City Clerk <br />APPROVED AS TO FORM: <br />W. Kent McIlyar, City Attorney <br />65 <br />