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2800 Lamar Avenue, P.O. Box 26 ■ Paris, Texas 75460 <br />903.739.9947 ■ fax 903.739.2104 ■ parisliving@sbcglobal.net <br />"0 IV (1, i Ia;ER*~ <br />December 13, 2010 <br />~ <br />Mr. Kevin Carruth <br />City Manager <br />City of Paris <br />P.O. Box 9037 <br />Paris, Texas 75461 <br />~ r•~ <br />Dear Mr. Carruth: <br />~~RS <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 HOME Contract #1001224 funded by the Texas Department of Housing <br />€ <br />and Community Affairs ("TDHCA") in the amount of $312,000, including administrative cost <br />; o <br />lones <br />I hard <br />allowance as well as to manage the City's participation in TDHCA's Reservation System for <br />wuG~~~ ~~~Wn <br />Single Family Homebuyer Assistance Activities (hereinafter collectively "Programs"). As <br />Paris Living will administer the above referenced programs on behalf <br />osal <br />outlined in our <br />ro <br />, <br />p <br />p <br />of the City in exchange for a fee equal to 4% of the total project costs, which is the <br />administrative fee allowed by TDHCA, plus other project related soft costs allowable by <br />E~'~ ~~~AO <br />TDHCA through the HOME Program. For your convenience, I have listed some terms and <br />K:-An ~,,arrul°i <br />conditions below and, if you concur, this letter will serve as our official Agreement (the <br />"Agreement"). <br />1. The City hereby engages Paris Living to provide, in general, the following: <br />(a) perform the overall administration of the Programs at the direction of the City and in <br />accordance with the approved program design as submitted in the grant applications; <br />(b) if requested, develop and implement a marketing effort for the Programs including <br />writing news releases, meeting with Realtors at the request of the participating lenders, <br />creating public service announcements for local Radio and Television; <br />(c) develop and disseminate information packets to, and train, participating lenders and <br />Realtors; <br />(d) work with each participating lender to process each borrower through to closing; <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 />EXHIBIT A- <br />133 <br />