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Lamar County, Paris Independent School District, North Lamar Independent School District and <br />Paris Junior College, whereby the other taxing entities have agreed to designate the City of Paris <br />as Trustee for certain identified lots foreclosed for delinquent tax purposes for use in said <br />program; and, <br />WHEREAS, Section 277.001(g) of the Loca1 Government Code authorizes political <br />subdivisions of the State of Texas to acquire or assemble interests in real property and sell, <br />exchange, or otherwise convey said real property interests to individuals, corporations, <br />partnerships, or other legal entities for the development of low or moderate income housing, on <br />such terms and conditions and for such value as sha11 serve the public interest; and, <br />WHEREAS, Section 253.010 of the Local Government Code authorizes municipalities <br />to provide for the manner in which any real property acquired by a municipality may be sold or <br />transferred to certain non-profit entities engaged in developing housing for low income individuals <br />and families to promote community-based revitalization; and, <br />WHEREAS, Section 253.011 of the Local Government Code authorizes municipalities <br />to transfer real property, without the requirements of notice and bidding, to non-profit <br />organizations in furtherance of a public purpose within the municipality; and, <br />WHEREAS, Paris Living, a Community Development Corporation, and a non-profit <br />entity, has indicated an interest in participating in the aforesaid program for construction of new <br />single family residential houses; and, <br />WHEREAS, the City Council of the City of Paris, Texas, has previously adopted <br />Resolution No. 2004-069, on April 12, 2004, authorizing and empowering the City to negotiate <br />a contract with Paris Living, Inc. for participation in the aforesaid program; NOW, <br />THEREFORE, <br />BE IT RESOLVED BY THE CITY COLTNCIL OF THE CITY OF PARIS, PARIS, <br />TEXAS, THAT: <br />Section 1. That the findings set out in the preamble to this resolution are hereby in all <br />things approved. <br />Section 2. That a Cooperative Agreement by and between the City of Paris and Paris <br />Living, Inc. for a program of non-profit home building within the city limits of the City of Paris, <br />as such Agreement is attached hereto as Exhibit A and for all purposes incorporated herein, shall <br />be and is hereby in all things approved, and the Mayor is hereby authorized to execute and the <br />City Clerk to attest to said Agreement. <br />Section 3. That this resolution shall be effective from and after its date of passage. <br />