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City Corporate & Business Plan - Municipal

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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 />

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