Laserfiche WebLink
2800 Lamar Avenue, P.O. Box 26 ■ Paris, Texas 75460 <br />903.739.9947 ■ fax 903.739.2104 ■ parisliving@sbcgtobal.net <br />2008 OrE9ti ER`s <br />April 21, 2009 <br />P9'C'.SEd°86t. <br />Cl6kEFD6i Vf;P3dBP,}, <br />Jesse James Freelen <br />Mr <br />TrPa4ureg. <br />. <br />PatalGp Ceciw <br />Mayor <br />City of Paris <br />Se"reta`y <br />P.O. Box 9037 <br />D@'BiE&(; Wi6s63SCBS <br />Paris, Texas 75461 <br />or- <br />DIRECTORS Dear Mayor Freelen: <br />I@%'l:te-y C9a{e.k <br />Do'' W°ison paris Livin A Community Development Corporation ("Paris Living" or the "Corporation") is <br />RaAn ~Ca~igEit g- <br />,~~,~4„~ti ~o~~a~, pleased to be selected by the City of Paris (the "City") to administer the City's Homebuyer <br />~era6'~~ ~~~~~ey Assistance Program funded by the Texas Department of Housing and Community Affairs <br />St`'q,"e Byrd ("TDHCA") in the amount of_$208,000, including administrative cost allowance. As outlined <br />,4z19 Dra@ce_ <br />c~~ ~~DOaVra 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 />Kewan Carruth 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 />Se A~~F <br />MiehAet Huiicc-r <br />1. The City hereby engages Paris Living to provide, in general, the following: <br />(a) perform the overall administration of the Proa am at the direction of the City and in <br />accordance with the approved progam 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 />creatina public service announcements for ]ocal 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 bonower 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 desijned to improve the Program; <br />(h) assist the City during TDHCA monitoring visits and prepare any required response to <br />any monitoring findings; <br />EXHIBIT <br /> <br />