2003-053-RES AUTHORIZE HOUSING INVESTMENT PARTNERSHIP PROGRAM

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Section 5. That the City Manager, as the Chief Executive Officer of the City of Paris, be, and he is hereby, appointed as the Authorized Representative to act in all matters in connection with this application and the City's participation in the Housing Investment Partnership Program. Section 6. That the Director of Community Development be, and he is hereby, appointed as Project Director and is hereby authorized to execute and deliver, on behalf of the City of Paris, all reports, communications, assurances, and documents necessary for the completion of said proj ect. Section 7. That the Director of Finance be, and he is hereby, authorized and directed to serve as the Financial Officer for said project and to receive and distribute funds for purposes of the Housing Investment Partnership Program. Section 8. That the Mayor, City Manager, Qirector of Community Development, and the Finance Director be, and they are hereby, authorized and directed to execute, on behalf of the City of Paris, any and all documents necessary for acceptance and implementation of said grant upon notice of award thereof by the Texas Department of Housing and Community Affairs, under the terms and conditions and in the forms approved by the City Attorney, and to proceed with use of said funds upon receipt thereof for the purposes stated herein and in accordance with the grant conditions. Section 9. That it further be stated that the City will provide $25,000.00 from the Housing Fund to pay the soft costs necessary to complete this project. Section 10. That it further be stated that the City of Paris, through the use of volunteer labor will demolish and clear each lot where a home will be reconstructed. It is expected that a minimum of ten (10) homes will qualify at an average cost of $2,528.00. A total of $25,280.00 will be contributed as in-kind match. Section 11. That the City will waive tap fees (10 x $1,250.00 = $12,500.00), as well as building permit fees (15 x $140.00 = $2,100.00). An estimate of total fees waived is $14,600.00. Section 12. That the City of Paris and the Lamar County Senior Citizen Center will provide for applicant intake and screening, the value of which is estimated to be $5,000.00. Section 13. That this resolution shall be effective from and after its date of passage. PASSED AND APPROVED on this 6th day of March, 2003. .e:.b~-~ Richard Manning, Mayor P - em ATTEST: