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THE STATE OF TEXAS § <br />COUNTY OF TRAVIS § <br />TWDB Commitment No. LF1000079 <br />LOAN FORGIVENESS AGREEMEN"T <br />BETWEEN THE <br />TEXAS WATER DEVELOPMENT BQARD <br />AND THE <br />CITY OF PARIS <br />WHEREAS, the City of Paris, located in Lamar County, Texas (City) has filed an application <br />with the Texas Water Development Board (TWDB) for a loan in the amount of $3,400,778 from the <br />Drinking Water State Revolving Fund (DWSRF) to finance water system improvements identified as <br />Project No. 62525; and <br />WHEREAS, on September 20, 2012, the TWDB determined that the City qualifies for a subsidy <br />because it meets Green Project requirements pursuant to 31 Texas Administrative Code (TAC) § 371.17 <br />and the criteria set forth in the 2012 DWSRF Intended Use Plan (IUP) and agreed, pursuant to the <br />TWDB Resolution to provide a loan in the amount of $3,400,778 to the City and further agreed that <br />$500,778 will be forgiven; and <br />WHEREAS, the TWDB and the City are the Parties to this Agreement. <br />NOW, THEREFORE, the Parties mutually agree to adhere to the terms of this Agreement and to <br />administer the Loan Forgiveness Funds provided through this Agreement in conformance with all <br />applicable state and federal laws and regulations, the TWDB Resolution, and all terms and conditions <br />set forth herein. <br />ARTICLE I. DEFINITIONS <br />The following terms, as used in this Agreement, have the meanings assigned below: <br />Agreement means this executed Loan Forgiveness Agreement and the attached exhibits. <br />CFR means the Code of Federal Regulations. <br />Construction Account means an account dedicated to the payment of Project costs, as defined by 31 <br />TAC § 371.1(17) and required by the TWDB Resolution. <br />Disadvantaged Community means an area that meets the requirements of a disadvantaged community as <br />defined in 31 TAC § 371.1(24) and the criteria identified in the 2012 DWSRF IUP. <br />DWSRF means the Drinking Water State Revolving Fund, a program of financial assistance <br />administered by the TWDB for water projects pursuant to the Safe Drinking Water Act, 42 U.S.C. §§ <br />Page 3 of 14 <br />i.cL-ooz <br />