1996-118-RES WHEREAS, CITY COUNCIL DID HERETOFORE ON THE 10TH DAY OF JUNE 1996

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TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS HOME PROGRAM CONTRACT # 535035 OWNER OCCUPIED HOUSING ASSISTANCE WITH CITY OF PARIS This AGREEMENT IN CONNECTION WITH OWNER OCCUPIED HOUSING ASSISTANCE PROGRAM A WARD ("Contract"), is made and entered into by and between the TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS, a public and official department of the State of Texas, ("Department"), and CITY OF PARIS, ("Administrator"). For and in consideration of the promises herein made, and the mutual benefits derived and to be derived, the Parties hereto agree and by execution hereof are bound to the mutual obligations and to the performance and accomplishment of the tasks which are the substance of this Contract. ARTICLE 1 Contract Period This Contract shall be effective and commence on October I, 1996, and shall terminate on September 30, 1998, unless otherwise specifically provided herein ("Contract Period"). ARTICLE 2 Administrator Performance . Administrator agrees to administer an Owner Occupied Housing Assistance Program in accordance with the HOME Investment Partnerships Act of 1990,42 D.S.C. 12701 et seq, and implementing regulations (the "Act"), 24 CFR Part 92, Texas Revised Civil Statutes, Texas Government Code, Chapter 2306, as amended by Acts of the 73rd Legislative Session, Chapter 141, Page 292, and Chapter 725, Page 2838, and subsequently amended, the HOME Investment Partnerships Program Rules, 10 TAC 53.1-53.18, the HOME Program Guidelines and 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 Applicable Laws and Regulations attached hereto as Exhibit B; the Certifications, attached hereto as Exhibit C, Performance Timetable submitted to Department by Administrator attached hereto as Exhibit D; 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. Measure of Liabilitv Department agrees to be liable for actual 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 state and/or federal funds to meet Department's liabilities under this Contract. If EXHIBIT A