2010-047 RES AUTHORIZING SUBMISSION OF HOME PROGRAM APPLICATION TO THE TX DEPT OF HOUSING AND COMMUNITY AFFAIRS

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RESOLUTION 2010-047 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, AUTHORIZING THE SUBMISSION OF A HOME PROGRAM APPLICATION TO THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR HOME FUNDS; DESIGNATING THE AMOUNT OF MATCHING FUNDS AND CASH RESERVES; AUTHORIZING THE EXECUTIOIV OF A1VY AND ALL DOCUMENTS 1VECESSARY FOR ACCEPTANCE AND IMPLEMENTATION OF SAID GRANT UPO1V NOTICE THEREOF; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Paris desires to develop and maintain a viable urban community, which includes decent housing and a suitable living environment for the residents of Paris and specifically to provide owner-occupied housing assistance for low/moderate income families in the city of Paris; and, WHEREAS, certain substandard housing conditions exist which represent a health and safety threat to families residing in such structures, and the availability of HOME funds could provide those families with decent, safe, and affordable housing; and, WHEREAS, the City Council is desirous of processing an application to the Texas Department of Housing and Community Affairs (TDHCA) for a Homebuyer Assistance Program/Owner-Occupied Program Grant in the amount of $450,000.00, with the City of Paris providing a match of $54,086.63 from its General Fund as a cash contribution and/or in-kind services for properties assisted through this program; and, WHEREAS, it is in the best interests of the City of Paris to apply for funding under the Texas Department of Housing and Communiry Affairs, HOME/Owner-Occupied Program; and, WHEREAS, the City Council desires to authorize the Mayor, City Manager and other appropriate City staff to process all necessary documents and or application forms to apply for this grant program. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: Section 1. That the findings set out in the preamble to this resolution are hereby in all things approved. Section 2. That the filing of an application to the Texas Department of Housing and Community Affairs (TDHCA) be, and the same is hereby, approved, for a Homebuyer Assistance Program/Owner-Occupied Program (HOME) Grant in the amount of $450,000.00 to carry out owner occupied housing reconstruction, rehabilitation, and project eligible soft costs for up to five (5) families and $17,307.00 for allowable administration/operating funds, with the City of Paris providing a match of $54,086.63 from its General Fund as a cash contribution and/or in-kind services for properties assisted through this program.