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<br />RESOLUTION NO. 2006-061
<br />
<br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS,
<br />PARIS, TEXAS, APPROVING AND AUTHORIZING THE EXECUTION OF
<br />AMENDMENT NO.3 TO THE TEXAS COMMUNITY DEVELOPMENT
<br />PROGRAM CONTRACT NO. 719068; MAKING OTHER FINDINGS AND
<br />PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN
<br />EFFECTIVE DATE.
<br />
<br />WHEREAS, the City Council of the City of Paris did heretofore, on the 10th day of May,
<br />1999, by adoption of Resolution No. 99-053, which said Resolution was amended on the 27th day
<br />of July, 1999, by Resolution No. 99-095, authorize an application to be made to the Texas
<br />Department of Housing and Community Affairs for a Texas Community Development Program
<br />grant; and,
<br />
<br />WHEREAS, the City Council of the City of Paris did heretofore, on the 4th day of
<br />November, 1999, in Resolution No. 99-159, accept the grant award entitled "1999 Housing
<br />Infrastructure Fund Program" Grant, TCDP Contract No. 719068, for the period beginning
<br />September 10, 1999, and ending September 9,2002, in the total amount of$399,500.00, requiring
<br />no matching funds; and,
<br />
<br />WHEREAS, the City Council of the City of Paris did heretofore, on the 10th day of
<br />February, 2003, in Resolution No. 2003-031, approve Amendment No.1 to the Texas Community
<br />Development Program Contract No. 719068 to extend the period of such grant to September 9,2003;
<br />and,
<br />
<br />WHEREAS, the City Council of the City of Paris did heretofore, on the 10th day of May,
<br />2004, in Resolution No. 2004-083, approve Amendment No. 2 to the Texas Community
<br />Development Program Contract No. 719068 to extend the period of such grant to March 9, 2005;
<br />and,
<br />
<br />WHEREAS, said contract is in need of further revision to extend the period of such grant
<br />to March 10, 2007, and to reduce the requirement to fifty-one percent (51 %), or twenty (20) units,
<br />as the number of homes in the subdivision that must be owned and occupied by low to moderate
<br />income persons; and,
<br />
<br />WHEREAS, the form of Amendment No.3 to Texas Community Development Program
<br />Contract No. 719068, attached hereto as Exhibit A, should, in all things, be approved, and the Mayor
<br />should be authorized to execute the same; NOW, THEREFORE,
<br />
<br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS,
<br />TEXAS.
<br />
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