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Section 6. That the funds requested in the grant application will be used to construct <br />sidewalk improvements, install ADA accessible ramps for sidewalks, and provide a portion of <br />the administrative funds. <br />Section 7. That the City of Paris will be committing $45,000.00 as a cash <br />contribution toward the engineering and administration of this Main Street Project. <br />Section 8. The City Council has reviewed and hereby agrees not to participate in <br />program income recapture and will return all program income to the State to be placed in a <br />statewide Revolving Loan Fund to be used by the State to fund future economic development <br />awards. By agreeing to this measure, the city understands that it will be eligible to receive as <br />many Texas Capital Fund awards per program year as it has eligible projects. <br />Section 9. This resolution shall be effective immediately upon passage. <br />PASSED AND APPROVED this 14th day of September, 2015. <br />A.J. Hashmi, M.D., Mayor <br />ATTEST: <br />Janice Ellis, City Clerk <br />APPROVED AS TO FORM: <br />W. Kent McIlyar, City Attorney <br />