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7,L)<R 7. Grantee agrees to submit periodic reports to the Meadows Foundation on the expenditure of Foundation funds. Your first report should be received by November 10, 1987, and interim reports should follow every six months until the grant funds are entirely expended, when a final report is due. Reports should summarize in narrative form what goals the grant has helped to accomplish and should include relevant financial information. A financial reporting form is enclosed for your use. 8. The Meadows Foundation retains the right to release information regarding this grant to any public media, and permission is hereby given for Grantee to use any wording contained in this contract, the accompanying letter, and the attached information sheet. Only proposed releases for publication or broadcast containing additional information need be submitted to the Foundation for approval. Grantee agrees to forward to the Meadows Foundation copies of any news releases, published materials, or media articles mentioning this grant which come to Grantee's notice or attention. 9. Grantee will cooperate with the Meadows Foundation in supplying additional information or in complying with any procedures which might be required by any governmental agency in order for the Meadows Foundation to establish the fact that it has observed all requirements of the law with respect to this grant. 10. This grant is conditional upon Grantee's acceptance of the terms and conditions set forth herein and in the accompanying letter of notification of award. The signature on this document of the person(s) authorized to make legal contracts for Grantee will represent Grantee's acceptance of this award and agreement to comply with the stated terms and conditions of this grant. The undersigned officials of City of Paris, Texas, hereby agree to the terms and conditions stated herein. THE MEADOWS FOUNDATION By a y Lancaster Executive Vice President CITY OF PARIS, TEXAS By Mayor, Billy Jae 'Burnett ATTEST �CiClerk �httie Gumnf i By Main Street Project Manager Resolution No. 87 -045 approving the plans and specifications for the Main Street Market Square Development Project, and authorizing the advertisement for bids was presented. A motion was made by Councilman Folmar, seconded by Councilman Hoog for adoption of the Resolution. The motion carried 7 ayes, 0 nays.