2001-062-RES AUTHORIZING SUBMISSION OF TX HOME INVESTMENT PARTNERSHIP PROGRAM APPLICATON TO TX DEPT OF HOUSING AND COMMUNITY AFFAIRS

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RESOLUTION NO. 2001-062 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS, AUTHORIZING THE SUBMISSION OF A TEXAS HOME INVESTMENT PARTNERSHIP PROGRAM APPLICATION TO THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR THE OWNER OCCUPIED ASSISTANCE FUND; AUTHORIZING THE CITY MANAGER TO ACT AS THE CITY'S CHIEF EXECUTIVE OFFICER AND AUTHORIZED REPRESENTATIVE IN ALL MATTERS PERTAINING TO THE CITY'S P ARTICIP A TION IN THE TEXAS HOME INVESTMENT PARTNERSHIP PROGRAM; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; REPEALING ALL ORDINANCES ORP ARTS OF ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Paris desires to develop a viable urban community, including decent housing and a suitable living environment and expanding economic opportunities, principally for persons of low/moderate income; and, WHEREAS, certain conditions exist which represent a threat to public health and safety; and, WHEREAS, it is necessary and in the best interests ofthe City of Paris to apply for funding under the 2001 Texas Home Investment Partnership Program; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS: Section 1. That the findings set out in the preamble to this ordinance are hereby in all things approved. Section 2. That a Texas Home Investment Partnership Program application for the Homebuyer Assistance Program is hereby authorized to be filed on behalf ofthe City with the Texas Department of Housing and Community Affairs. Section 3. That the City's application be placed in competition for funding under the Homebuyer Assistance Program Fund. Section 4. That the application be for $195,000.00 of grant funds to carry out this down payment, closing costs, and gap finance program. Section 5. That the City Council directs and designates the City Manager as the City's Chief Executive Officer and Authorized Representative to act in all matters in connection with this application and the City's participation in the Home Investment Partnership Program.