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]lold the City of Paris, its elected officials, officers and employees hannless from and against
<br />all damages, injuries, claims, properiy damage, losses, demands, suits, judgrinents and costs
<br />includinc, reasonable and necessary attorney's fees of any kind or character which arises from
<br />or are related to this Aareeme tos under thbs Aaoe med by Paris Living, its consultants,
<br />subcorlsultants, employees or contra
<br />g, 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, includinc, reasonable attorney's fees, arisina. from the negligent aCtions o1'
<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 ab ees to administer the Homebuyer Assistance Program for the
<br />City of Paris in strict compliance with the tenns 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 Assis ~eem nt or finallpaym nt b athetCity under this Agreement,e date
<br />o f f i n a l s e ttl e m e n t o f t h i s A~
<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 dle 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 foregoin; correctly sets forth our AgreemPnt, 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 Livinb 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 />
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