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RESOLUTION NO. 2010-059 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, <br />AMENDING RESOLUTION NO. 2010-045 WHICH AUTHORIZED AN <br />APPLICATION FOR FUNDING THROUGH THE TEXAS DEPARTMENT OF <br />HOUSING AND COMMUNITY AFFAIRS FOR A 2009 HOMEBUYER <br />ASSISTANCE PROGRAM GRANT, HOME/(ADDI) AWARD BY ADDING THE <br />NAME OF THE CITY MAIVAGER TO SECTION 3 OF THE RESOLUTION; <br />MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE <br />SUBJECT; AND DECLARING AN EFFECTIVE DATE. <br />WHEREAS, the Ciry Council of the City of Paris did heretofore, on the 22nd day of <br />March, 2010, pass Resolution No. 2010-045, which authorized an application for funding <br />through the Texas Department of Housing and Community Affairs for a 2009 Homebuyer <br />Assistance Program Grant, HOME/American Dream Downpayment Initiative award to <br />provide homebuyer assistance for very low and moderate income families who desire to <br />purchase a home and live within the city limits and ETJ of Paris; and, <br />WHEREAS, the Section 3 needs to be corrected to include the name of the City <br />Manager of the City of Paris. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS, TEXAS: <br />Section 1. That the findings set out in the preamble of this resolution are hereby <br />in all things approved. <br />Section 2. That Resolution No. 2010-045, be, and the same is hereby amended to <br />read as follows: <br />"A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, <br />APPROVING AN APPLICATION FOR FUNDING THROUGH THE TEXAS <br />DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR A 2009 <br />HOMEBUYER ASSISTANCE PROGRAM GRAIVT, HOME/AMERICAN DREAM <br />DOWNPAYMENT INITIATIVE (ADDI) AWARD; DESIGNATING THE <br />AMOUNT OF MATCHING FUNDS AND CASH RESERVES; AUTHORIZING <br />THE EXECUTION OF ANY AND ALL DOCUMENTS; AUTHORIZING THE <br />EXECUTION OF ANY AND ALL DOCUMENTS NECESSARY FOR <br />ACCEPTANCE AND IMPLEMENTATION OF SAID GRANT UPON NOTICE <br />THEREOF; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO <br />THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. <br />WHEREAS, the City of Paris (the "City") is desirous of processing an application to <br />the Texas Department of Housing and Community Affairs ("TDHCA") for a grant in the <br />amount of $300,000 for program expenses and $12,000 for administrative expenses to <br />