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I <br /> I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />i <br /> <br />Draft 11/24/95 <br /> <br /> (g) The :.City will provide the following financial assistance to the Developer of the <br />Development Pro~. This assistance will be a total of Thirty-eight Thousand Dollars ($38,000). <br />The financial assistaln~e from the City shall be based upon the following calculations: <br /> <br />Historical S~x~iety Grant <br />Community,Development Block Grant <br />Total ' <br /> Assistance Available <br /> <br />$ 16.000 <br />$ 22,000 <br /> <br />$ 38,000 <br /> <br /> (h) The City, at the time of closing and in accordance with this agreement, will transfer <br />the clear tide to the Developer. ' <br /> <br /> . (i) The pinancial Assistance provided by the City shall be used for the rehabilitation of <br />the building identified as School House Numbe~' 28 and the site. The City shall allow draws from <br />the financial assista~ ce for the types of work: <br /> <br />Historical ~iety Grant - $16,000 <br /> BuiMing footings <br /> Blo6k wails <br /> Excavation <br /> Lift ibuilding <br /> Briok tucking <br /> Briaks <br /> R ~o6fing <br /> <br />Community. Development Block Grant - $22,000 <br /> Remaining building restoi'ation, including interior work and site improvements. <br /> <br /> O) The(City shall enter into an agreement with the Developer authorizing the Developer <br />to p. rovide the serrates of a general c. ontractor/administrator for the completion of the restoration <br />project. <br /> <br />Page '7 <br /> <br /> <br />