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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 2800 Lamar Avenue, P.0. Box 26 ■ Paris, Texas 75460 <br /> Parisi g 903.739.9947 ' tax 903.739.2104 • parislivins@sbudlobal.net <br /> <br /> <br /> <br /> <br /> <br /> April 30, 2009 <br /> <br /> Mr. Jesse James Freelen <br /> Mayor <br /> City of Paris <br /> P.O. Box 9037 <br /> " _ Paris, Texas 75461 <br /> <br /> <br /> - Dear Mayor Freelen: <br /> <br /> Paris Living-A Community Development Corporation ("Paris Living" or the "Corporation") is <br /> pleased to be selected by the City of Paris (the "City") to administer the City's Homebuyer <br /> Assistance Program funded by the Texas Departmentlcost Community Affairs <br /> As outlined <br /> ("TDHCA') in the amount of $208,000, including administrative <br /> <r in our proposal, Paris Living will a~dmini~rtoh~above <br /> costs, which is the admanistr thveCfee <br /> in exchange for a fee equal to 4 io oft project <br /> - allowed by TDHCA, plus other project related soft costs allowable by TDHCA through the <br /> HOME Program. For your convenience, I have listed some terms and conditions below and, if <br /> you concur, this letter will serve as our official Agreement (the "Agreement"). <br /> 1. The City hereby engages Paris Living to provide, in general, the following: of the City andmi <br /> a perform the overall administration of the Program at <br /> bmitted in the direction the grant application; <br /> accordance with the approved program design as s <br /> b) if requested, develop and implement a marketing fort for request th thProgram <br /> participate drlenders, <br /> ( writing news releases, meeting with Realtors at t creating public service announcements for local Radio and Television; <br /> c) develop and disseminate information packets to, and train, participating lenders and <br /> ( <br /> Realtors; <br /> icipating lender to process each borrower through to closing: <br /> (d) work with each part <br /> (e) prepare or have prepared all forms for set-up and draw of funds as well as closeout <br /> forms on behalf of the City; <br /> <br /> ( review and make recommendations designed to improve the Program; <br /> <br /> E9HIBITA <br /> 194 <br />