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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originating Department: <br />Presented By: <br />Agenda Item No.: <br />4/09/10 <br />Council Date: <br />City Manager <br />Kevin Carruth <br />17. <br />4/12/10 <br />RECOMMENDED MOTION: <br />Move to approve a resolution awarding authorizing the submission of a$450,000 application to the <br />Texas Department of Housing and Community Affairs HOME Owner-Occupied Program with a City <br />cash and/or in-kind match of $54,086.63 and autharizing the Mayor, City Manager, Finance Director, <br />and Director of Engineering, Planning, and Development to negotiate and execute all necessary <br />documents. <br />POLICY ISSUE(S): <br />Contract award; Community development <br />BACKGROUND: <br />Texas Department of Housing and Community Affairs (TDHCA) will have an open funding cycle this <br />suiTUner for its HOME Owner-Occupied Program and will make awards on a first-come, first-served <br />basis. This program allows the City to build new homes for qualified low- and moderate-income <br />homeowners to replace their existing substandard homes. This is the same program the City is currently <br />operating and has had other successful awards in the past. This has been a very popular program with <br />citizens over the years and staff regularly receives requests from people who want to participate. <br />BOARD/COMMISSION RECOMMENDATION: <br />EXHIBITS: <br />Resolution <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$ <br />❑ Department Report Z Resolution <br />Budgeted Amt. <br />$ <br />❑ Presentation ❑ Ordinance <br />y'TD Actual <br />$ <br />❑ Public Hearing ❑ Other <br />Acct. Name <br />Acct. Number <br />FiscAL NoTES: <br />The application for $450,000 will have a 12% match from the City that can be from cash and/or in-kind <br />sources. A cash reserve of $120,000 must also be set aside as a reserve prior to receiving reimbursement <br />for project expenses (this allows the City to front the money while we wait for reimbursement from <br />TDHCA). <br />REVIEWED AND APPROVED BY: <br />Z Administration Z City Clerk ❑ Community Development ❑ EMS/IT ❑ Eng. ❑ Finance <br />❑ Fire ❑ Municipal Court Z Legal ❑ Library ❑ Police ❑ Public Works ❑ Uiailities <br />City of Paris <br />Revised 2/04/08 <br />