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Section 3. That the City of Paris does hereby agree to specify and utilize funds from the <br />City's accounts in the amount of $187,500.00 to provide a Cash Reserve designated for the <br />proposed TDHCA award, with these funds being used to pay program costs before receiving <br />reimbursements from the State of Texas HOME Program. <br />Section 4. That the City of Paris does hereby agree to comply with all assurances in <br />connection with the application and, if funded, the award. <br />Section 5. That the City Manager be, and he is hereby, appointed as the Authorized <br />Official of said project and is authorized and directed to execute, on behalf of the City of Paris, an <br />application for said grant. <br />Section 6. That the Director of Community Development be, and she is hereby, appointed <br />as Project Director and is hereby authorized and directed to execute and deliver, on behalf of the <br />City of Paris, all reports, communications, assurances, and documents necessary for the <br />completion of said project. <br />Section 7. That the Director of Finance be, and he is hereby, authorized and directed to <br />serve as the Financial Officer for said project and to receive and distribute funds for the HOME <br />program. <br />Section 8. That the Mayor, City Manager, Director of Community Development, and the <br />Finance Director be authorized and directed to execute, on behalf of the City of Paris, any and all <br />documents necessary for acceptance and implementation of said grant upon notice of award <br />thereof by the Texas Department of Housing and Community Affairs, under the terms and <br />conditions and in the forms approved by the City Attorney, and to proceed with use of said funds <br />upon receipt thereof for the purposes stated herein and in accordance with the grant conditions. <br />Section 9. That this resolution shall be effective from and after its date of passage. <br />PASSED AND APPROVED this 12th day of May, 2008. <br />ATTEST: <br />, <br />Cai'ce Ellis, City Clerk <br />APPROVED AS TO FORM: <br />2~9 <br />W. Kent Mc , ity Attorney <br />~ <br />J sse James eelen, Mayor <br />