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DRAFT attorney\reswork\current\Paris Living Homebuyer Asst Grant Contract Res RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, APPROVING AND AUTHORIZING AN AGREEMENT BETWEEN THE CITY OF PARIS AND PARIS LIVING, A COMMUNITY DEVELOPMENT CORPORATION, TO ADMINISTER THE HOMEBUYER ASSISTANCE PROGRAM FUNDED BY THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS; AUTHORIZING THE CITY MANAGER TO EXECUTE THE AFORESAID AGREEMENT AND ALL OTHER DOCUMENTS NECESSARY TO THE FORMAL APPROVAL OF SAID GRANT; MAKIIVG OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Paris did heretofore, on the 28th day of January, 2008, in Resolution No. 2007-009, authorize an application to be made to the Texas Department of Housing and Community Affairs for the 2008 Homebuyer Assistance Program Grant, HOME/American Dream Downpayment Initiative (HOME/ADDI) award; and, WHEREAS, the Texas Department of Housing and Community Affairs has issued its HOME Program Homebuyer Assistance Contract with the City of Paris in connection with a HOME Investment Partnerships Program award entitled "Texas Department of Housing and Community Affairs Home Program HOME Contract No. 1000930" for the period beginning August 15, 2008, and ending August 14, 2010, in the total amount of $208,000.00; and, WHEREAS, it is deemed to be in the best interests of the citizens of Paris that the City of Paris enter into an agreement with Paris Living to administer the City's Homebuyer Assistant Grant Program to assist 20 low and moderate income families in the City of Paris through the provision of down payment and closing cost assistance. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: Section 1. That the findings set out in the preamble to this resolution are hereby in all things approved. Section 2. That the Agreement between the City of Paris and Paris Living to administer the City's Homebuyer Assistant Program in connection with a HOME Investment Partnerships Program award entitled Texas Department of Housing and Community Affairs Home Program HOME Contract No. 1000930" for funds to assist 201ow and moderate income families through the provision of down payment and closing cost assistance in the City of Paris be, and is hereby approved. Section 3. That the City Manager of the City of Paris, be, and he is hereby, ooaca99