Agenda Packet 06-23 - Laserfiche WebLink

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RESOLUTION NO. A RESOLUTION APPROVING AN APPLICATION BE COMPLETED AND SUBMITTED TO THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS (TDHCA) TO PARTICIPATE IN THE HOME INVESTMENT PARTNERSHIPS PROGRAM, HOMEOWNER RECONSTRUCTION ASSISTANCE PROGRAM; AUTHORIZING THE MAYOR AND THE CITY MANAGERAS SIGNATORIES IN ALL MATTERS RELATED TO THE HOME PROGRAM; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the Texas Department of Housing and Community Affairs (TDHCA) has notified the public of a funding availability to benefit low-income residents of the State of Texas communities through the Texas HOME Investment Partnerships Program; and WHEREAS, the City of Paris has identified significant housing needs, particularly for the reconstruction of owner -occupied housing; and WHEREAS, the City of Paris wishes to assist low-income homeowners with safe, decent, sanitary and affordable housing, and at the same time enhance the health, economic, and aesthetic quality of the community: NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, THAT: SECTION 1. That the findings set out in the preamble to this resolution are hereby in all things approved and incorporated herein for all purposes. SECTION 2. The City of Paris acknowledges and approves that an application be completed and submitted to the TDHCA to participate in the HOME Investment Partnerships Program, Homeowner Reconstruction Assistance Program. SECTION 3. The City of Paris will utilize general funds in the amount of $80,000 as cash reserve to utilize during the agreement term for eligible program costs before reimbursements are received from the State of Texas HOME Program. SECTION 4. HOME Program Match, if applicable, will be provided in accordance to 10 TAC 23 in the amount of Twenty -Four percent (24 %) of project hard costs per household assisted through the Texas HOME Program, in the form of waived fees, cash, leverage, and other forms of eligible match. SECTION 5. The City of Paris designates Mihir Pankaj, Mayor and Rose Beverly, City Manager as the persons authorized to represent the City of Paris in all matters related to the HOME Program and, with signature authority to sign all forms and documents related to the administration of the HOME Program, including loan documents, grant agreements and the Reservation System Participation Agreement and/or Contract, unless otherwise stated.