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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originating Department: <br />Presented By: <br />Agenda Item No.: <br />12/07/2010 <br />Council Date: <br />Finance <br />Gene Anderson <br />17. <br />12/13/2010 <br />RECOMMENDED MOTION: <br />Move to approve a Resolution to approving an agreement selecting Paris Living, Inc. as the third party <br />administrator of the City's Homebuyer Assistance Program. <br />POLICY ISSUE(S): <br />Fiscal management <br />The City of Paris has been awarded a grant from the Texas Department of Housing and Community <br />Affairs ("TDHCA") for Homebuyer Assistance through the HOME Investment Partnership Program in <br />the amount of approximately $312,000. Accordingly, the City advertized for proposals from qualified <br />third parties to manage the City's HOME contract activities. Only one proposal was received. Paris <br />Living, Inc. has performed similar duties for the City in the past. The staff recommends approval of the <br />attached agreement with Paris Living, Inc. Their fee for administration is 4% of project costs ($12,480). <br />BOARD/COMMISSION RECOMMENDATION: <br />None <br />EXHIBITS: <br />Resolution and Agreement <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$12,480 for admuustration <br />❑ Department Report ~ Resolution <br />Budgeted Amt. <br />$312,000 for grant. <br />❑ Presentation ❑ Ordinance <br />y'I'D Actual <br />$0 <br />❑ Public Hearing ❑ Other <br />FISCAL NOTES: <br />None <br />REVIEWED AND APPROVED BY: <br />0 Administration Z City Cletk ❑ Community Development ❑ EMS/IT Z Finance ❑ Fire <br />❑ Municipal Court Z Legal ❑ Libraty ❑ Police ❑ Eng./Public Works ❑ Utilities <br />City of Paris .130 Revised 2/04/08 <br />