07 - Submission of an Application to become a Reservation System Participant for Home Funds to the Texas Department of Housing & Community Affairs (2)

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RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, AUTHORIZING THE SUBMISSION OF AN APPLICATION TO BECOME A RESERVATION SYSTEM PARTICIPANT FOR HOME FUNDS TO THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS; GRANTING AUTHORITY TO THE CITY MANAGER TO EXECUTE ANY AND ALL OTHER INSTRUMENTS REQUISITE IN IMPLEMENTING SAID RESOLUTION, AND AUTHORIZING THE CITY CLERK TO AUTHENTICATE THE MAYOR'S SIGNATURE TO ANY AND ALL OTHER INSTRUMENTS REQUISITE IN IMPLEMENTING SAID RESOLUTION; MAKING OTHER FINDINGS AND PROVISIONS AND DECLARING AN EFFECTIVE DATE. WHEREAS, the City of Paris desires to continue to develop a viable urban community, including decent housing and a suitable living environment principally for persons of low/moderate income; and WHEREAS, certain substandard housing conditions exist which represent a health and safety threat to families residing in such structures; and WHEREAS, the Paris City Council supports the City's application for funding; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: SECTION 1. That submission of an application for Reservation System Participation of HOME Funds is hereby authorized to be filed on behalf of the City with the Texas Department of Housing and Community Affairs. SECTION 2. That the submission will be for grant funds to carry out Homeowner Reconstruction Assistance for housing reconstruction within the incorporated areas of the City. Project cost will include eligible hard and soft costs and allowable administration/operating funds. SECTION 3. That the City Council directs and designates City Manager as the City's Chief Executive Officer and Authorized Representative to act in all matters in connection with this submission and the City's participation in the HOME Program with signature authority. SECTION 4. That the City contribute project match as required by the 2020 Single Family HOME program rules. SECTION S. That the City commits a cash reserve in the amount of FORTY THOUSAND DOLLARS ($40,000.00) designated for payment of requested project expenses before receiving reimbursement by the State of Texas.