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Res 1995-046
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Res 1995-046
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6/19/2007 9:25:19 AM
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6/19/2007 9:25:19 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
1995-46
Date
2/27/1995
Volume Book
118
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<br /> :¿(pll <br /> -2- <br /> et seq.) (the "Act") and the implementing regulations at 24 C.F.R. <br /> Part 570 and 57 Fed. Reg. 53388 et seq. (Nov. 9, 1992) (the <br /> "Regulations"). The city and the Foundation agree to perform all <br /> activities in accordance with the terms of the Performance <br /> statement, Exhibit A; the Budget, Exhibit B¡ the Project <br /> Implementation Schedule, Exhibit C; the Applicable Laws and <br /> Regulations, Exhibit D; the assurances, certifications, and all <br /> other statements made by the city in its grant application to the <br /> Department for the Project; and with all other terms, provisions, <br /> and requirements set forth in this contract. Exhibits A through D <br /> are attached to and made a part of this contract. <br /> SECTION 4. FUNDING OBLIGATIONS <br /> A. city's Fundinq Obligations <br /> ~ <br /> The City will provide the following funding for the Project: <br /> 1. $417,000 through the Department for purchase of the <br /> Project Site, the Construction Project, and <br /> administration of this contract and the Grant Contract. <br /> 2. $46,835 from the City's Revolving Loan Fund for equipment <br /> and furnishings for the Incubator. <br /> 3. $52,168 from the city's Revolving Loan Fund for working <br /> capital for the Incubator. <br /> B. Foundation's Fundinq Obliqations <br /> <br /> The Foundation will provide the following funding for the <br /> Project: <br /> 1. $86,000 of the Foundation's funds for the Construction <br /> Project. <br />
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