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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: Originating Department: Presented By: Agenda Item No.: <br />04/27/08 Community Lisa A. Wright, Director and <br />Council Date; Development Denise Dority, consultant 12. <br />OS/12/08 <br />RECOMMENDED MOTION: <br />Motion to approve a resolution authorizing the submission of a HOME program <br />application to the Texas Department of Housing and Community Affairs for HOME <br />funds, and authorizing the City Manager to negotiate and execute all necessary <br />documents. <br />POLICY ISSUE~S~: <br />Grant Application ~ <br />BACKGROUND: <br />The Texas Department of Housing and Community Affairs will have an open cycle this <br />summer for Owner-Occupied Assistance grants which will be awarded on a first-come, <br />first-served basis to qualified applicants. This program allows the City to build new <br />homes for qualified applicants to replace their existing substandard homes. The City of <br />Paris has participated in this program in the past and has had very successful results. In <br />fact, we receive calls from the public on a regular basis asking if this program is still <br />available. Despite an aggressive demolition program, Paris still has a large supply of <br />substandard homes, and many of those homes are occupied by their owners because they <br />cannot afford to repair them or move. This program is designed to help those individuals. <br />BOARD~COMMISSION RECOMMENDATION: <br />EXHIBITS: <br />Resolution <br />ACTION: BUDGET INFO: <br />❑ Financial Report ❑ Minute Order Expense $93,750.00 <br />❑ Department Report ~ Resolution Budgeted Amt. $0.00 <br />❑ Presentation ❑ Ordinance y'I'D Actual $0.00 <br />❑ Public Hearing ❑ Other Acct. Name Not established <br />Acct. Number Not established <br />FISCAL NOTES: <br />The amount to be requested is $375,000.00, of which a 25% match is required by the <br />City. The match can be in the form of in-kind services or waived fees or from other <br />sources. A cash reserve of $187,500.00 must also be set aside as a reserve prior to <br />receiving reimbursement for project expenses. <br />REVIEWED AND APPROVED BY: <br />~ Administration ~ City Clerk ~ Community Development ❑ EMS/IT ❑ Finance ❑ Fire <br />❑ Munici al Court ~ Le al ❑ Libra ❑ Police ❑ En ./Public Works ❑ Utilities <br />City of Paris , Revised 2/04/08 <br />~ lJ(i3~~ <br />