Laserfiche WebLink
2800 Lamar Avenue, P.O. Box 26 ■ Paris, Texas 75460 <br />903.739.9947 ■ fax 903.739.2104 ■ parisliving@sbcglobal.net <br />`:~kr}~ EE E~~ €'l{;EEIS <br />December 13, 2010 <br />pr( :~Wenl <br />(Ahzczn : ¢=rafltq <br />t=<;~ PMe%Gderal <br />Mr. Kevin Carruth <br />City Manager <br />City of Paris <br />A;~~it, Hr,,icoe <br />P.O. Box 9037 <br />Paris, Texas 75461 <br />S .ac I U. u rv <br />Dear Mr. Carruth: <br />BOARD c~~ <br />~IR~ ~)"NIS <br />Paris Living-A Community Development Corporation ("Paris Living" or the "Corporation") is <br />Gr-n_ $~d-rSon <br />St <br />i <br />1 <br />pleased to be selected by the City of Paris (the "City") to administer the City's Homebuyer <br />af <br />v <br />`Y°O <br />~~~~~~~s <br />` <br />Assistance Program HOME Contract #1001224 funded by the Texas Department of Housing <br />Bob ~ox~;. ~ <br />~ <br />s <br />m <br />and CommunitY Affairs ("TDHCA") ~ the amount of $312,000, including administrative cost <br />Jes;ram; A~Nek,~= <br />allowance as well as to manage the City's participation in TDHCA's Reservation System for <br />J-'`~~~~u V_~~~in <br />s <br />' <br />:-h <br />Single Family Homebuyer Assistance Activities (hereinafter collectively "Programs") <br />As <br />P <br />Bn;$I <br />33FSiets <br />,ack ~~~s= <br />. <br />outlined in our proposal, Paris Living will administer the above referenced programs on behalf <br />O <br />of the City in exchange for a fee equal to 4% of the total project costs, which is the <br />1`~~~~IC10 <br />administrative fee allowed by TDHCA, plus other project related soft costs allowable by <br />TDHCA through the HOME Program. For your convenience, I have listed some terms and <br />~ev°~ ~~~vs ~(h <br />conditions below and, if you concur, this letter will serve as our official Agreement (the <br />" <br />Agreement"). <br />~~ich"~'~` 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 />EXH1BIT <br />