26-Deliberate and act on a Resolution authorizing an amendment of an agreement between the City of Paris and Paris Living to administer the Homebuyer Assistance Program

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CITY COUNCIL AGENDA ITEM BRIEFING SHEET Submittal Date: Originating Department: Presented By: Agenda Item No.: 09/10/10 Council Date: City Council Kevin Carruth 26. 09/13/10 RECOMMENDED MOTION: Move to approve a resolution authorizing the amendment extending an agreement with Paris Living to administer the Homebuyer Assistance Program and authorizing the City Manager to negotiate and execute all necessary documents. POLICY ISSUES): Contract; Fiscal management BACKGROUND: In April 2009 the City and Paris Living executed an agreement for Paris Living to provide consulting and administrative services for the City's Homebuyer Assistance Program because the City lacks in- house capacity to administer such a program. The City received another grant ($312,000) from the Texas Department of Housing and Community Affairs for a Homebuyer Assistance Program to benefit 15 homebuyers. Staff recommends extending the agreement with Paris Living for 12 months and have it administer the new grant. BOARD/COMMISSION RECOMMENDATION: EXHIBITS: Resolution with agreement ACTION: BUDGET INFO: ❑ Financial Report ❑ Minute Order Expense $ ❑ Department Report ® Resolution Budgeted Amt. $ ❑ Presentation ❑ Ordinance YTD Actual $ ❑ Public Hearing ❑ Other Acct. Name Acct. Number FISCAL NOTES: The administrative fee and project related soft costs charged by Paris Living are all paid for, and will not exceed the amount allowed, by the grant REVIEWED AND APPROVED BY: ® Administration ® City Clerk ❑ Community Development ❑ EMS/IT ❑ Finance ❑ Fire ❑ Municipal Court ® Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities City of Paris 191 Revised 2/04/08