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<br />TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS <br />HOME PROGRAM <br /> <br />CONTRACT # 530395 <br />OWNER OCCUPIED ASSISTANCE <br />WITH <br />CITY OF PARIS <br /> <br />This AGREEMENT IN CONNECTION WITH A OWNER OCCUPIED ASSISTANCE PROGRAM <br />AWARD ("Contract"), is made and entered into by and between the TEXAS DEPARTMENT OF HOUSING <br />AND COMMUNITY AFFAIRS, a public and official department of the State of Texas, ("Department"), and the <br />CITY OF PARIS ("Administrator"), herein collectively referred to as "Parties". For and in consideration of the <br />promises herein made, and the mutual benefits derived and to be derived, the Parties hereto agree and by <br />execution hereof are bound to the mutual obligations and to the performance and accomplishment of the tasks <br />which are the substance of this Contract. <br /> <br />ARTICLE 1 <br />Contract Period <br /> <br />This Contract shall be effective and commence on AUGUST 1, 2000, and shall terminate on OCTOBER 31, <br />2001, unless otherwise specifically provided herein ("Contract Period"). <br /> <br />ARTICLE 2 <br />Administrator Performance <br /> <br />Administrator agrees to administer a Owner Occupied Assistance Award in accordance with the .HOME <br />Investment Partnerships Act of 1990, 42 V.S.C. 12721 - 12839 (the "Act"); implementing regulations, 24 C.F.R. <br />part 92; Tex. Gov't Code Ann. S 2306 (Vernon 1988), the HOME Investment Partnerships Program Rules, 10 <br />T AC S 53.50 et seq. (the "HOME Rules"), the HOME Program Guidelines and the Application Package. <br />Administrator agrees to perform all activities in accordance with the terms of the Performance Statement <br />submitted to Department by Administrator attached hereto as Exhibit A; the Budget attached hereto as Exhibit B; <br />the Applicable Laws and Regulations attached hereto as Exhibit C; the Certifications attached hereto as Exhibit <br />D; Performance Timetable attached hereto as Exhibit E; all said Exhibits incorporated herein for all relevant <br />purposes; the assurances, certifications, and all other statements made by Administrator in its application for the <br />project funded under this Contract; and with all other terms, provisions, and requirements herein set forth. <br /> <br />ARTICLE 3 <br />Deoartment Obligations <br /> <br />3.1. Department agrees to be liable for actual and reasonable costs incurred by Administrator, during the <br />Contract Period, for performances rendered under this Contract by Administrator, subject to the <br />limitations set forth in this Article. <br /> <br />A. It is expressly understood and agreed by the Parties hereto that Department's obligations under <br />this Article 3 are contingent upon the full and satisfactory performance by Administrator of the <br />activities herein described and the actual receipt by Department of adequate federal funds to <br />meet Department's liabilities under this Contract. If adequate funds are not available to make <br />payments under this Contract, Department shall notify Administrator in writing within a <br />reasonable time after such fact is determined. In that event, this Contract shall terminate and <br />neither Party shall have any further rights or obligations hereunder. <br /> <br />EXHIBIT A <br />