City Corporate & Business Plan - Municipal
City Corporate & Business Plan - Municipal
City Corporate & Business Plan - Municipal
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Annexure Final Report: Ambur <strong>Municipal</strong>ity<br />
4. The guide lines of this MOA are listed below:<br />
i. The Ambur municipal council agrees to implement the reform agenda as<br />
per the targets recommended in the CCP-BP report. A summary of the reform<br />
agenda in terms of existing status and norms/targets is enclosed in Annexure III. The<br />
reform agenda outlined focuses on those reforms are to be carried out at the ULB<br />
level.<br />
ii. The Ambur municipal council will provide a half-yearly update report to<br />
TNUIFSL on the status of the implementation of the reform agenda. TNUIFSL shall<br />
provide a standardised format for reporting this information.<br />
iii. In case there is any delay in the implementation of the reforms agenda by<br />
ULB due to circumstances beyond its control, the decision on the matter of<br />
extension of time for the achievement of targets shall be fixed based on<br />
consultations between TNUIFSL and the ULB<br />
iv. TNUIFSL shall also assist the ULB in preparing DPRs for a set of projects jointly<br />
identified by TNUIFSL and the ULB, based on the Capital Investment <strong>Plan</strong> (CIP),<br />
prepared as part of the CCP-BP report.<br />
vi. TNUIFSL would subsequently assist in structuring and financing projects<br />
identified earlier through combination of Loan and Grants along with ULB own funds.<br />
The sanction and disbursement of loans and grants from TNUIFSL shall be in<br />
conformance with the lending policies and guidelines of Loan and Grant Funds<br />
under its management and due appraisal of the ULB and the projects by TNUIFSL<br />
5. The council agrees to the following points:<br />
i. Issues presented in the project report and to agree to follow all directions of<br />
CMA/GOTN/TNUIFSL towards execution of the project.<br />
ii. Draw the loan part for the execution of the works and repay the loan with<br />
the applicable interest<br />
iii. Open a joint account with the Concerned Authority and agree to deposit<br />
the ULBís share every quarter (-- % of the cost of the tendered works), failing which<br />
to abide by action of CMA/GOTN/ TNUIFSL<br />
iv. Conform to the subsequent change, if any, in the loan-grant composition<br />
made by GoTN<br />
6. Undertake the following reforms during the financial year 2009-10 and to improve<br />
during the loan period to achieve the target set for every year:<br />
- 179 -<br />
Voyants Solutions Private Limited