2004-187-RES COOPERATIVE AGREEMENT WITH PARIS LIVING, INC. FOR NON-PROFIT HOME BUILDING

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WHEREAS, Section 277.001(g) of the Local Government Code authorizes political subdivisions of the State of Texas to acquire or assemble interests in real property and sell, exchange, or otherwise convey said real property interests to individuals, corporations, partnerships, or other legal entities for the development of low or moderate income housing, on such terms and conditions and for such value as shall serve the public interest; and, WHEREAS, Section 253.010 of the Local Government Code authorizes municipalities to provide for the manner in which any real property acquired by a municipality may be sold or transferred to certain non-profit entities engaged in developing housing for low income individuals and families to promote community-based revitalization; and, WHEREAS, Section 253.011 of the Local Government Code authorizes municipalities to transfer real property, without the requirements of notice and bidding, to non-profit organizations in furtherance of a public purpose within the municipality; and, WHEREAS, Paris Living, a Community Development Corporation, and a non-profit entity, has indicated an interest in participating in the aforesaid program for construction of new single family residential houses; and, WHEREAS, the City Council of the City of Paris, Texas, has previously adopted Resolution No. 2004-069, on April 12, 2004, authorizing and empowering the City to negotiate a contract with Paris Living, Inc. for participation in the aforesaid program; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS, THAT: Section 1. That the findings set out in the preamble to this resolution are hereby in all things approved. Section 2,. That a Cooperative Agreement by and between the City of Paris and Paris Living, Inc. for a program of non-profit home building within the city limits of the City of Paris, as such Agreement is attached hereto as Exhibit A and for all purposes incorporated herein, shall be and is hereby in all things approved, and the Mayor is hereby authorized to execute and the City Clerk to attest to said Agreement. Section 3. That this resolution shall be effective from and after its date of passage. PASSED AND APPROVED this 11th day of October, 2004.