Laserfiche WebLink
CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originating Department: <br />Presented By: <br />Agenda Item No.: <br />04/20/09 <br />Council Date: <br />City Manager <br />Kevin Carruth <br />13. <br />04/27/09 <br />RECOMMENDED MOTION: <br />Morion to approve a resolution approving an agreement with Paris Living to administex the Homebuyer <br />Assistant Grant; and authorizing the Ciry Manager to negoriate and execute all necessary documents. <br />POLICY ISSUE(S): <br />Agreement <br />BACKGROUND: <br />Last fall the City received a$390,000 Owner Occupied Housing Assistance grant from the Texas <br />Department of Housing and Community Affairs (TDHCA) HOME Program. The program will provide a <br />zero interest, deferred forgivable loan, with a term of 5-20 years (depending upon income), to reconstruct or <br />rebuild build a minimum of five homes for qualified low- and moderate-income homeowners. The City <br />issued RFQs for admuiistrarion of the program and Paris Living responded and is willing to administer the <br />program on behalf of the City again. The grant pays up to $15,000 for adnunistration of the grant, which is <br />the amount Paris Living will accept for the administration of the program. <br />BOARD/COMMISSION RECOMMENDATION: <br />EXHIBITS: <br />Resolution, TDHCA grant agreement; Paris Living agreement <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$ <br />~ Department Report ~ Resolution <br />Budgeted Amt. <br />$-0- <br />❑ Presentation ❑ Ordinance <br />y'TD Actual <br />$ <br />❑ Public Hearing ❑ Other <br />Acct. Name <br />Consultants <br />Acct. Number <br />30-0318-40-02 <br />FISCAL NOTES: <br />Fees paid to Paris Living will not exceed the maxitnum of $15,000 paid by grant funds. <br />REVIEWED AND APPROVED BY: <br />Z Administration Z City Clerk ❑ Community Development ❑ EMS/IT ❑ Finance ❑ Fire <br />❑ Municipal Court Z Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities <br />City of Paris <br />Revised 2/04/08 <br />(~rA - A <br />