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<br /> <br /> <br /> <br /> <br /> <br /> REVENUE BOND REQUIREMENTS FOR DEBT SERVICE: <br /> Revenue Refunding Bonds 1991 $1,416, 342.00 <br /> Revenue Bonds 1992 $ 886,242.00 <br /> Revenue Bonds 1994 $ 487,615.00 <br /> <br /> Total Bond Requirements $ 2,790,199.00 <br /> <br /> GRAND TOTAL $ 9,225,418.00 <br /> <br /> Section 4. That the sum of $2,790,199.00 is hereby appropriated out of the Water and <br /> Sewer Revenue Bond Fund for the purpose of paying accrued interest and making the principal <br /> payments as the same mature on the Water and Sewer Revenue Bonds, and creating the <br /> prescribed contingent and reserve fund therefor. <br /> <br /> Section 5. That the sum of $1, 042, 700. 00 is hereby appropriated out of the Community <br /> Development Grant Fund for payment af operating expenses and capital outlay for the <br /> Community Development Department, as hereinafter itemized: <br /> <br /> COMMUNITY DEVELOPMENT: <br /> Community Development $1,042,700.00 <br /> Total $ 1,042,700.00 <br /> <br /> Section 6. That the sum of $1,280,220.00 is hereby appropriated out of the Economic <br /> Development Fund for payment of operating expenses and capital outlay for the Paris <br /> Economic Development Corporation, as hereinafter itemized: <br /> <br /> ECONOMIC DEVELOPMENT FUND: <br /> Economic Development $1,280,220.00 <br /> <br /> Total $ 1,280,220.00 <br /> <br /> Section 7. That the sum of $18,000.00 is hereby appropriated out of the Capital <br /> Projects Fund for capital outlay for the Police Department, as hereinafter itemized: <br /> <br /> CAPITAL PROJECTS FUND: <br /> Public Safety-Police $ 18,000.00 <br /> <br /> Total $ 18,000.00 <br /> <br /> Section 8. That the sum of $21,100.00 is hereby appropriated out of the Contractual <br /> Obligations Interest & Sinking Fund for the purpose of paying debt, as hereinafter itemized: <br /> <br /> CONTRACTUAL OBLIGATIONS: <br /> Debt $ 21,100. 00 <br /> <br /> Total $ 21,100.00 <br /> <br /> Section 9. All ordinances or parts of ordinances in conflict herewith are hereby <br /> expressly repealed. <br /> <br /> Section 10. This ordinance shall be and remain in full force and effect from and after <br /> its passage and approval by the City Council of the City of Paris. <br /> <br /> READ, ADOPTED AND APPROVED BY THE CITY COiJNCIL at a regular meeting <br /> held at City Hall in the City of Paris, on this the 9th day o eptember, 1996. <br /> <br /> <br /> <br /> Eric S. ifford, Mayor <br />