Laserfiche WebLink
2800 Lamar Avenue, P.O. Box 26 ■ Paris, Texas 75460 <br />903.739.9947 ■ fax 903.739.2104 ■ parisliving@sbcglobal.net <br />200£3 t)FF0€;Ei:S <br />April 21, 2009 <br />President <br />Cti4'tten FeaidBe', <br />Jesse James Freelen <br />Mr <br />g',PasE,s,e,. <br />. <br />Pililmp t;ecaw <br />Mayor <br />City of Paris <br />Secs~e€ary- <br />p,p, gox 9037 <br />Denise 'iVi!@ia~sea5 <br />Paris, Texas 75461 <br />SOARD OF <br />n~~ECFORS Dear Mayor Freelen: <br />Mfl{'y Cdil!'B( <br />Do" W1iyo"n Paris Livin -A Community Development Corporation ("Paris Living" or the "Corporation") is <br />R~Bi9 RCBllg~i! g <br />9erooaie E'ipken pleased to be selected by the City of Paris (the "City") to administer the City's Homebuyer <br />Jee~ard MoSe1tiy Assistance Program funded by the Texas Department of Housing and Community Affairs <br />y~ac'e Byr(i ("TDHCA") in the amount of $208,000, including administrative cost allowance. As outlined <br />JiB9 Drake <br />va~ McDowt•<i in our proposal, Paris Living will administer the above referenced program on behalf of the City <br />in exchange for a fee equal to 4% of the total project costs, which is the administrative fee <br />allowed by TDHCA, plus other project related soft costs allowable by TDHCA through the <br />Kev:n C.arreuth HOME Program. For your convenience, I have listed some terms and conditions below and, if <br />you concur, this letter will serve as our official Agreement (the "Agreement"). <br />STAFF <br />MichtaeE Hun6:er <br />1. The City hereby engages Paris Living to provide, in general, the following: <br />(a) perform the overall administration of the Program at the direction of the City and in <br />accordance with the approved program design as submitted in the grant application; <br />(c) if req_uested, develop and implement a marketing effort for the Program including <br />writing news releases, meeting with Realtors at the request of the participating ienciers, <br />creating public service announcements for local Radio and Television; <br />(d) develop and disseminate information packets to, and train, participating lenders and <br />Realtors; <br />(e) work with each participating lender to process each borrower through to closing; <br />prepare or have prepared all forms for set-up and draw of funds as well as closeout <br />forms on behalf of the City; <br />(g) review and make recommendations designed to improve the Program; <br />(h) assist the City during TDHCA monitoring visits and prepare any required response to <br />any monitoring findings; <br />cvu <br />.»OOOluU IBIT.A- <br />