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STATE OF TEXAS <br />COUNTY OF TRAVIS <br />TEXAS DEPARTMENT OF COMMERCE <br />CONTRACT FOR <br />RENTAL REHABILITATION PROGRAM <br />SECTION 1. PARTIES TO CONTRACT <br />This contract and agreement is made and entered into by and between the Texas <br />Department of Commerce, an agency of the State-of Texas, hereinafter referred <br />to as "Department ", and the City of Paris, hereinafter referred to as <br />"Contractor ". The parties hereto have severally.and collectively agreed and by <br />the execution hereof are bound to the mutual obligations and to the <br />performance and accomplishment of the-tasks described herein. <br />SECTION 2. CONTRACT PERIOD <br />This contract and agreement shall commence on January 2, 1989, and shall <br />terminate on January 11 1991, unless otherwise-specifically provided by the <br />terms of this contract. <br />SECTION 3. CONTRACTOR PERFORMANCE <br />Contractor shall conduct,'in a satisfactory manner'as determined by Depart- <br />ment, a rental rehabilitation program-under Section 17 of the United States <br />Housing Act of 1937, 42 U.S.C. 1437o, hereinafter referred to as the Act. <br />Contractor shall perform all activities in accordance with the terms of the <br />Performance Statement, hereinafter referred.to as Exhibit A; the Applicable <br />Laws and Regulations, hereinafter referred to as Exhibit B; the'Schedule for <br />Committing Rental' Rehabilitation Funds, hereinafter referred to as Exhibit C; <br />the assurances, certifications, and all other statements made by Contractor in <br />its application for the - project funded under this contract; and with all other <br />terms, provisions, and requirements set forth in this contract. <br />SECTION 4. DEPARTMENT OBLIGATIONS <br />A. Measure of Liability <br />In consideration of full and satisfactory performance of the activities <br />referred to in Section 3 of this contract, Department shall be liable for <br />actual and reasonable costs incurred by Contractor during the-contract period <br />for perfgrmances rendered under this contract by Contractor, subject to the <br />limitations set forth in this Section 4. <br />1. It is expressly understood and agreed by the parties hereto that Depart- <br />ment's obligations under this Section 4 are contingent.upon the actual <br />PAGE 1 OF 11 <br />EXHIBIT A <br />