Laserfiche WebLink
RESOLUTION N0. 2009-034 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, <br />APPROVING AND AUTHORIZING AN AGREEMENT BETWEEN THE CITY <br />OF PARIS AND PARIS LIVING, A COMMUNITY DEVELOPMENT <br />CORPORATION, TO ADMINISTER THE HOMEBUYER ASSISTANCE <br />PROGRAM FUNDED BY THE TEXAS DEPARTMENT OF HOUSING AND <br />COMMUNITY AFFAIRS; AUTHORIZING THE CITY MANAGER TO EXECUTE <br />THE AFORESAID AGREEMENT AND ALL OTHER DOCUMENTS <br />NECESSARY TO THE FORMAL APPROVAL OF SAID GRAIVT; MAKING <br />OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND <br />DECLARING AN EFFECTIVE DATE. <br />WHEREAS, the City Council of the City of Paris did heretofore, on the 28th day of <br />January, 2008, in Resolution No. 2007-009, authorize an application to be made to the <br />Texas Department of Housing and Community Affairs for the 2008 Homebuyer Assistance <br />Program Grant, HOME/American Dream Downpayment Initiative (HOME/ADDI) award; <br />and, <br />WHEREAS, the Texas Department of Housing and Community Affairs has issued its <br />HOME Program Homebuyer Assistance Contract with the City of Paris in connection with a <br />HOME Investment Partnerships Program award entitled "Texas Department of Housing <br />and Community Affairs Home Program HOME Contract No. 1000930" for the period <br />beginning August 15, 2008, and ending August 14, 2010, in the total amount of <br />$208,000.00; and, <br />WHEREAS, it is deemed to be in the best interests of the citizens of Paris that the <br />City of Paris enter into an agreement with Paris Living to administer the City's Homebuyer <br />Assistant Grant Program to assist 201ow and moderate income families in the City of Paris <br />through the provision of down payment and closing cost assistance. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS, TEXAS: <br />Section 1. That the findings set out in the preamble to this resolution are hereby <br />in all things approved. <br />Section 2. That the Agreement between the City of Paris and Paris Living to <br />administer the City's Homebuyer Assistant Program in connection with a HOME <br />Investment Partnerships Program award entitled "Texas Department of Housing and <br />Community Affairs Home Program HOME Contract No. 1000930" for funds to assist 20 low <br />and moderate income families through the provision of down payment and closing cost <br />assistance in the City of Paris be, and is hereby approved. <br />