2010-121 RES APPROVING AN AGREEMENT WITH PARIS LIVING FOR ADMINISTRATION OF THE HOMEBUYER ASSISTANCE PROGRAM

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RESOLUTION N0. _2010-121 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, APPROVING AN AGREEMENT WITH PARIS LIVING FOR ADMINISTRATION OF THE HOMEBUYER ASSISTANT PROGRAM FUNDED THROUGH THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ALL NECESSARY DOCUMENTS; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARIIVG AN EFFECTIVE DATE. WHEREAS, the City of Paris, Texas was awarded a grant from the Texas Department of Housing and Community Affairs for Homebuyer Assistance through the HOME Investment Partnership Program in the amount of approximately $312,000.00 (HOME Contract #1001224); and, WHEREAS, the City Council of the City of Paris did heretofore, advertise for proposals for third-party administrators of the City's Homebuyer Assistance Program, which bids were received until 5:00 p.m., Tuesday, the 30th day of November, 2010; and, WHEREAS, the proposal submitted by Paris Living, Inc., has been selected by the City to be the third-party administrator for said Homebuyer Assistance Program through the HOME Investment Partnership Program, with an administration fee of 4% of project costs, totaling $12,480.00; and, WHEREAS, Paris Living, Inc. has also offered to administer the TDHCA Reservation System for Single Family Homebuyer Assistance for the City of Paris; and, WHEREAS, the Staff of the City of Paris recommends approval of the Agreement with Paris Living, Inc., in the form attached hereto as Exhibit A; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: Section 1. That the findings set out in the preamble of this resolution are hereby in all things approved. Section 2. That the proposal of Paris Living, Inc. for the administration of the Homebuyer Assistance Program is hereby accepted and the Agreement for this administration is hereby approved with the City of Paris meeting all of the terms and specifications included in the Agreement attached hereto as Exhibit A. Section 3. That the City Manager of the City of Paris is authorized for, on behalf of, and in the name of the City to apply, negotiate and procure grants and loans from the Texas Department of Housing and Community Affairs. Section 3. That this resolution shall be effective from and after its date of passage.