1999-090-TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS HOME PROGRAM HOME BUYER ASSISTANCE CONTRACT 539076

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TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS HOME PROGRAM CONTRACT No. 539076 HOMEBUYER ASSISTANCE WITH CITY OF PARIS This AGREEMENT IN CONNECTION WITH A HOME BUYER ASSISTANCE PROGRAM AWARD ("Contract"), is made and entered into by and between the TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS, a public and official department of Ihe Stllte of Texas, ("Department"), and the CITY OF PARIS ("Administrator"), herein collectively referred to as "Parties". For and in consideration of the promises herein made, llnd the mutual benefits derived and to be derived, the Parties hereto agree and by execution hereof are bound to the mutulll obligations and to the performance and accomplishment of the tasks which are the substance of this Contract. ARTICLE I Contract Period This Contract shall be effective and commence on July 1, 1999, and shall terminate on December 31,2000, unless otherwise specifically provided herein ("Contract Period"). ARTICLE 2 Administrator Performance Administrator agrees to administer a HOMEBUYER ASSISTANCE Award in accordance with the HOME Investment Partnerships Act of 1990, 42 U.S.C. 1272] - 12839 (the "Act"); implementing regulations, 24 C.F.R. part 92; Tex. Gov't Code Ann. ~ 2306 (Vernon 1988), the HOME Investment Partnerships Program Rules, 10 TAC ~ 53.50 et seq. (the "HOME Rules"), the I-laME Program Guidelines llnd the Application Package. Administrator agrees to perform all activities in accordance with the terms of the Performance Statement submitted to Department by Administrator attached hereto as Exhibit A; the Budget attached hereto as Exhibit B; the Applicable Laws and Regulations attllched hereto llS Exhibit C; the Certifications attached hereto as Exhibit D; Performance Timetable attached hereto as Exhibit E; all said Exhibits incorporated herein for all relevant purposes; the assurances, certifications, and all other statements made by Administrator in its application for the project funded under this Contract; and with all other terms, provisions, and requirements herein set forth. ARTICLE 3 Department Obligations 3.1. Department agrees to be liable for llctual and reasonable costs incurred by Administrator, during the Contract Period, for performances rendered under this Contract by Administrator, subject to the limitations set forth in this Article. . A. It is expressly understood and agreed by the Parties hereto that Department's obligations under this Article 3 are contingent upon the full and satisfactory performance by Administrator of the activities herein described and the actual receipt by Department of adequate federal funds to meet Department's liabilities under this Contract. If adequate funds are not available to make payments under this Contract, Department shall notify Administrator in writing within a EXHIBIT A