Res 2003-032 - Laserfiche WebLink

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6. Company shall submit to City: (1) an executed interim loan agreement in the amount of at least $1,801,500 from Citizens National Bank; (2) an executed loan agreement in the amount of at least $998,000.00 from Bank of the West; and (3) an executed loan agreement in the minimum amount of $803,500.00 from Texas Certified Development Company, Inc., to be utilized in conjunction with the project funded under this contract. 7. Company shall submit to City a ledger with support documentation to include copies of invoices and proof of payment (i.e. paid receipts, canceled checks, wire transfer receipt) documenting match expenditures in the minimum amount of $25,600.00 from Company funds for construction costs outlined in Exhibit A of this contract. 8. Company shall provide City with a document which states that (1) The Fountain People, Inc. will be liable to City for Company's failure to comply with the conditions detailed in subsection 21.A.3, in an amount not to exceed City's maximum obligation under this contract; and (2) The Fountain People, Inc. will not close down its facility located in Hays County, Texas or require that the Company reduce its employee level as determined in subsection 21.A.3, during the contract period. 9. Company shall ensure that each owner of the business holding a 20% or more ownership interest assisted with funds provided under this contract executes an agreement with City to be jointly and severally liable for the amount of funds provided to such business under this contract ,in the event the business is dissolved, files under the federal bankruptcy code, ceases to be a going concern, or does not fulfill its responsibilities under the agreement. Company shall submit copies of such personal guarantees to City, and such personal guarantees shall specifically be obtained from Gerald B. Ebel and his spouse Pat Dougherty-Ebel, Mark Terstreip and his spouse Joan Terstreip, Stephen Case and his spouse Rosemary Case, and Preston Tatum and his spouse Sarah Tatum (hereafter referred to as the "personal guarantors"). 10. Company shall ensure that Cal Tex Partners LTD. and The Fountain People, Inc. each executes an agreement as described in subsection 21.A.3. 11. Company shall provide City a copy of the site plan used to award the construction contract(s) for the proposed public infrastructure activities/improvements identified in Exhibit A, Performance Statement. Such plan(s) shall depict the dimensions of the public infrastructure, easements, encroachments, ingress and egress, including the location of Company's facilities, flatwork, driveways and the connections to the public infrastructure. If not detailed in the site plan, Company shall provide a plat identifying the names of the property owners adjacent to the public infrastructure improvements, including the name and location of any other business that could utilize the proposed infrastructure improvements. 12. Company shall provide to City evidence of the start of building construction on the project site as specified in Exhibit A, Performance Statement. 13. Company shall provide documentation to City that the plans, specifications and installation for its on- site sewer system activitieslimprovements have been reviewed, inspected and approved by the Hays County Environmental Health Department. 14. Company shall provide to City a plan approval letter or evidence that the plans and specifications for construction of, improvements to, or the renovation of buildings, described in Exhibit A, Performance Statement and located on the project site, have been received by the Texas Department of Licensing and Regulation (TDLR) concerning the elimination of architectural barriers encountered by persons with disabilities as specified in TEX.REV.CIV.STAT. ANN. Art. 9102 and the rules promulgated thereunder. Evidence of TDLR receipt must be proof of payment (i.e. paid receipt, canceled check, wire transfer receipt) and a copy of the TDLR application form. Company shall send the plans and specifications to RLF Contract Page 12