2009-034-RES-Homebuyers Assistance Program

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(i) cause to be maintained a file on each property funded through the Progam for review by TDHCA and/or HUD; (j) prepare any and all invoices fr-om Paris Living or its consultant Hunter & Hunter Consultants, Inc. ("H&HCP') to each property closing as necessary; (k) provide any and all other services as may be required by the City and that Paris Living has the ability and expertise to perform; 2. Specifically, the Scope of Work to be performed by Paris Living under this agreement is as follows (Please note that s as eis allowed undereHLJD egulat on ~ arbed to each individual l o a n a s p r o j e c t r e l a t e d s o ft cost PROJECT MANAGEMENT • Develop a record keeping system including the establishment of a filing system; . Maintain the project and administrative files; • Provide general advice and technical assistance to the City on implementation of the Project and regulatory matters; • Furnish the City with the necessary forms and procedures required for implementation of the Project; . Prepare atld submit to TDHCA any and all documentation necessary for amending the HOME contract; • Prepare and submit Set-Up, Completion and other required reports; • Serve as liaison for the City during any monitoring visit by TDHCA or H[JD; . Develop a Project affirmative marketing plan for the City; . Conduct all necessary Lender/Realtor trainina sessions; . Review all files received from lenders to ensure that the applicant and house qualifies for the program; . Assist the City in acquiring the services of independent inspectors and to ensure that all houses in the program pass required inspections; . Assist the,City with acquisition of homebuyer training; . Assist the City with the completion of second lien documents; • Maintain all project files in a reasonable and logical order; • Manage dispute resolution as required. FINANCIAL MANAGEMENT . Assist the City in proving its ability to manage the grant funds to the state's audit division; . Assist the City, if requested, in establishing and/or maintaining a bank account (direct deposit account) and/or separate ]ocal bank account, journals and ledgers; • Assist the City in responding to single audit report requests from TDHCA; • Prepare all fund reimbursements on behalf of the City; • Review any invoices received for payment and file back-up documentation; • Provide general advice and technical assistance to City Council, staff and consultants on implementation of the Project and regulatory matters.