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<br /> 7. It is expressly understood and agreed by the Pa at re s to release, ment, that Pan's Living
<br /> is an independent contractor, and as Bach, Pans Li «n_
<br /> hold the City of Paris, its elected officials, officers and employees harmless from and against
<br /> all damages, injuries, claims, property damage, losses, demands, suits, judanients and costs
<br /> including reasonable and necessary attorneys
<br /> to be provided by Paris Living, its consultants, om
<br /> or are related to this Agreement or the s
<br /> subconsultants, employees or contractors under this Agreement.
<br /> 8. Paris Living shall obtain a Directors and Officers liability insurance policy in the
<br /> minimum amount of One Million Dollars ($1,000,000) insuring Paris Living, its directors,
<br /> officers, employees, consultants and subcontractors against any claims, demands, lawsuits,
<br /> settlements or costs, including reasonable attorney's fees, arising from the negligent actions or
<br /> inactions or intentional wrongful actions committed by Paris Living or its directors, officers,
<br /> agents, employees, consultants and or subcontractors related to this Agreement or the services
<br /> to be provided pursuant to this Agreement. Paris Living may invoice the City of Paris for the
<br /> annual premium for the policy.
<br /> 9. Paris Living further agrees to administer the Homebuyer Assistance Program for the
<br /> City of Paris in strict compliance with the terms and requirements of the TDHCA HOME
<br /> PROGRAM, Home Contract No. 1000930 attached hereto and incorporated herein as Exhibit
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<br /> 10. Paris Living further agrees that at any time during normal business hours and upon
<br /> forty-eight (48) hours notice, Paris Living shall make available to representatives of the City
<br /> for examination -all of its records, and. the records of any consultant or subcontractor hired or
<br /> retained by Paris Living to administer this Program, with respect to matters covered by this
<br /> make
<br /> Agreement, and will pen-nit such representatives of the City to audit, examine, records,
<br /> excerpts or transcripts of such records, and to audit all contracts, invoices, payroll
<br /> personnel records or other data relating to matters covered by this Agreement or by the
<br /> TDHCA Homebuyer Assistance Program, all for a period of three (3) years following the date
<br /> of final settlement of this Agreement or final payment by the City under this Agreement,
<br /> whichever is later.
<br /> 11. For the convenience of the parties hereto, any number of counterparts of this Agreement
<br /> may be executed by the parties hereto. Each such counterpart shall be, and shall be deemed to
<br /> be, an original instrument, but all counterparts taken together shall constitute one and the same
<br /> A--reement. This Agreement shall become effective upon the date last sighed by the parties
<br /> listed below.
<br /> If the foregoing correctly Sejoviforth ur ded and A urn one copy to us at Poo Box 26~Pa coies of ps TX 7t5461.
<br /> letter signed in the spaces p
<br /> If you have any questions or desire further comment please call me at (903) 784-0836 or our
<br /> consultant, Michael Hunter at (97 2) 771-5907.
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