2010-116 RES AUTHORIZING THE SUBMISSION OF A REQUEST TO BECOME A RESERVATION SYSTEM PARTICIPANT TO THE TEXAS DEPT. OF HOUSING AND COMMUNITY AFFAIRS FOR HOME FUNDS

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RESOLUTION 1V0. 2010-116 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, AUTHORIZING THE SUBMISSION OF A REQUEST TO BECOME A RESERVATION SYSTEM PARTICIPANT TO THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR HOME FUNDS; AUTHORIZING THE EXECUTIOIV OF ANY AND ALL DOCUMENTS NECESSARY TO BECOME A PARTICIPANT; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City of Paris desires to continue to develop a viable urban community, including decent housing and a suitable living environment principally for persons of low/moderate income; and, WHEREAS, certain substandard housing conditions exist which represent a health and safety threat to families residing in such structures; and, WHEREAS, the City Council of the City of Paris supports the City's application for funding and deems it in the best interest of the City and the citizens of the City of Paris to approve the submission of a request to become a reservation system participant to the Texas Department of Housing and Community Affairs for Home Funds and authorize the City Manager to execute any and all documents necessary to become a participant, and the same should be approved; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, THAT: Section 1. The findings set out in the preamble to this resolution are hereby in all things approved. Section 2. That a submission for Reservation System Participation of HOME Funds is hereby authorized to be filed on behalf of the City with the Texas Department of Housing and Communiry Affairs. Section 3. That the submission will be for grant funds to carry out Homeowner Rehabilitation Assistance for housing reconstruction and rehabilitation. Project cost will include eligible hard and soft costs and allowable administration/operating funds. Section 4. That the City contribute project match as required by the 2010 rules from its General Fund as a cash contribution, waived fees and/or in-kind services for properties assisted through this program. Section 5. That the City commits a cash reserve in the amount of $80,000 designated for payment of requested project expenses before receiving reimbursement by the State of Texas.