2001-066-RES APPROVING/AUTHORIZING CITY MANAGER TO EXECUTE AND CITY CLERK TO ATTEST TO AMENDMENT NO ONE TO EXISTING CONTRACT BETWEEN COP AND TX DEPT OF HOUSING

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TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAffiS HOME PROGRAM CONTR1\CT #539076 FffiST AMENDMENT Section 1 The TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAffiS, a public and official agency of the State of Texas ("Department") and the CITY OF PARIS ("Administrator"), do hereby contract and agree to amend the original contract by and between the parties, effective July I, 1999, and identified on Department's records as HOME Contract #539076 ("Contract"). Section 2 The parties hereto agree that under the terms of Article 2 of the Contract, Contractor is authorized to administer one or more eligible HOME activities in accordance with the HOME Investment Partnerships Act of 1990, 42 V.S.C. 12701 et seq. and implementing regulations under 24 CFR Part 92. The terms of 24 CFR 92.205(b)(2) identifY as an eligible activity the investment of HOME funds to guarantee loans made by lenders. Section 3 Under the authority described in Article 15, the parties hereby agree to amend the Contract: ARTICLE I, Contract Period, revising the Contract Period to read as follows: This Contract shall be effective and commence on JULY I, 1999, and shall terminate on MAY 31, 200 I, unless otherwise specifically provided herein ("Contract Period"). EXHIBIT E, PERFORMANCE TIMETABLE, revising the Perfonnance Timetable to read as follows; By execution of this Contract, Administrator agrees and represents to Department as follows; Administrator will comply with timetable as specified in the Program Schedule (Exhibit E) of your 1999 HOME Homebuyer Assistance Program Application. All eligible program work funded by this contract must be completed by May 31, 2001. The Department reserves the right to make payment up to sixty (60) days after the contract expiration date for work perfonned within the contract period. Section 4 Except as amended hereby, the parties agree that all other terms of the Contract shall remain in effect as therein set forth and shall continue to govern except to the extent that said terms conflict with the terms of this amendment. Section 5 EXHIBIT A