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hold the Ciry of Paris, its elected officials, officers and employees harmless from and against
<br />all damages, injuries, claims, property damage, losses, demands, suits, judgments and costs
<br />including reasonable and necessary attorney's fees of any kind or character which arises from
<br />or are related to this Agreement or the services to be provided by Paris Living, its consultants,
<br />subconsultants, employees or contractors under this Agreement.
<br />8. Paris Living shall obtain a Directors and Officers liability insurance policy in the
<br />minimum amount of One Million Dollars ($1,000,000) insuring Paris Living, its directors,
<br />officers, employees, consultants and subcontractors against any claims, demands, lawsuits,
<br />settlements or costs, including reasonable attorney's fees, arising from the negligent actions or
<br />inactions or intentional wrongful actions committed by Paris Living or its directors, officers,
<br />agents, employees, consultants and or subcontractors related to this Agreement or the services
<br />to be provided pursuant to this Agreement. Paris Living may invoice the City of Paris for the
<br />annual premium for the policy.
<br />9. Paris Living further agrees to administer the Homebuyer Assistance Program for the
<br />City of Paris in strict compliance with the terms and requirements of the TDHCA HOME
<br />PROGRAM, Home Contract No. 1000930 attached hereto and incorporated herein as Exhibit
<br />«A »
<br />10. Paris Living further agrees that at any time during normal business hours and upon
<br />forty-eight (48) hours notice, Paris Living shall make available to representatives of the City
<br />for examination all of its records, and the records of any consultant or subcontractor hired or
<br />retained by Paris Living to administer this Program, with respect to matters covered by this
<br />Agreement, and will permit such representatives of the City to audit, examine, copy and make
<br />excerpts or transcripts of such records, and to audit all contracts, invoices, payroll records, ,
<br />personnel records or other data relating to matters covered by this Agreement or by the
<br />TDHCA Homebuyer Assistance Program, all for a period of three (3) years following the date
<br />of final settlement of this Agreement or final payment by the City under this Agreement,
<br />whichever is later.
<br />11. For the convenience of the parties hereto; any number of counterparts of this Agreement
<br />may be executed by the parties hereto. Each such counterpart shall be, and shall be deemed to
<br />be, an original instrument, but all counterparts taken together shall constitute one and the same
<br />Agreement. This Agreement shall become effective upon the date last signed by the parties
<br />listed below.
<br />If the foregoing correctly sets forth our Agreement, please have both enclosed copies of this
<br />letter signed in the spaces provided and return one copy to us at P.O. Box 26, Paris TX 75461.
<br />If you have any questions or desire further comment please call me at (903) 784-0836 or our
<br />consultant, Michael Hunter at (972) 771-5907.
<br />Very truly yours,
<br />Paris Living-A Community
<br />Development Corporation
<br />By:
<br />Clifton Fendley
<br />President
<br />City of Paris
<br />Effective Kevin Carruth Effective
<br />Date City Manager Date
<br />w 000104
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