2010-096 RES APPROVING AMENDMENT OF AGREEMENT BETWEEN THE CITY OF PARIS AND PARIS LIVING TO ADMIN HOMEBUYER PROGRAM CONTRACT NO 1001224

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(U) assist Citv dunnL, TDI-ICA monitoz-na visits an °pare any required response to anv mu-itonnLT findin2s; (11) cause to be maintained a file on each propcry fu.lded tlirough the Promam for revit.w bvTDHCA and/or HLiD; (i) prepare any and all invoices from Paris LivinQ or its consultant Hunte: & Hunter Consultants, Inc. ("H&HCP') to each property closina as necessarv; (j) provide any and a11 other services as may be requll-ed by the City and that Paris LivincT has the ability and expertise to perfoizn; 2. Specifically, the Scope of Work to be performed by Paris Living under this agreement is as follows (Please note that some of the items listed below will be charged to each individual 1oan as project related soft costs as is allowed under HtJD re(yulations): PROJECT NIA1~tAGEMENT • Develop a record keepin~ systen~ includin~ the establishment of a filin- system; • Maintain the project and administrative files; • Provide general advice and technical assistance to the City on implementation of the Project and regulatory matters; • Furnish the City with the necessary forms and procedures required for implementation of the Project; ~ • Prepare and submit to TDHCA any and all documentation necessary for amending the HOME contract; • Prepare and submit Set-Up, Completion and other required reports; • Serve as liaison for tne City during any monitonng visit by TDHCA or HUD; • Develop a Project affirmative marketing plan for the City; • Conduct all necessary Lender/Realtor training sessions; • Review all files received from lenders to ensure that the applicant and house qualifies for the program; • Assist the City in acquiruig the services of indepencient inspectors and to eizsure that all houses in the program pass required inspections; • Assist the City with acquisition of homebuyer trainulg; m Assist the City with the completion of second lien documents; • Maintaiil all project files in a reasonableand lomical oxder; v Vlailage dispute resolution as required. FINAIvCiAi. MANAGEMENT • Assist the City in provin- sts ability to manaQe the grant funds to the state's audit divisioil; • Assist the City, if requested, in establislun, and/or maintainina a bank account (direct deposit account) ancUor separate local bank account, journals and led,ers; • Assist the City in responding to sinRle audit report requests from TDHGA; • Prepare all fui7d reimbursements on behalf of the City; • Review ai7y invoices received for payment and file back-up documentation; • Providc Reneral advice and teclinical assistance to Citv Council, staff and consultants on implementation ot tl-le Project aT7d regulatoi-v mattz;s.