1999-096-HOMEBUYER ASSISTANCE FUND GRANT, CORRECTION OF RES 99-090
RESOLUTION NO. 99-096
WHEREAS, the City Council of the City of Paris did heretofore, on the 12th day of July,
1999, pass Resolution No. 99-090, which said Resolution was incorrect and requires correction;
NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that
Resolution No. 99-090, be, and the same is hereby, amended so that such shall read as follows:
"WHEREAS, the City Council of the City of Paris did heretofore, on the
9th day of November, 1998, in Resolution No. 98-158, authorize an application to
be made to the Texas Department of Housing and Community Affairs for the
Homebuyer Assistance Fund Grant under the Texas Home Investment Partnership
Program; and,
"WHEREAS, the Texas Department of Housing and Community Affairs
has issued its Agreement in connection with a Homebuyer Assistance Program
Award entitled "Texas Department of Housing and Community Affairs Home
Program Homebuyer Assistance Contract No, 539076" for the period beginning
July 1, 1999, and ending December 31,2000, in the total amount of $130,000.00,
with $15,625.00 to be provided by the City of Paris in the form of local matching
funds; and,
"WHEREAS, it is deemed to be in the best interests of the citizens of Paris
that the City of Paris accept said Agreement in connection with a Homebuyer
Assistance Program A ward for funds to carry out the reduction of loan fees and
down payments for first time home buyers in the City of Paris; NOW,
THEREFORE,
"BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PARIS, that the Homebuyer Assistance Fund Grant in the total amount of
$130,000.00, with $15,625.00 to be provided by the City of Paris in the form of
local matching funds, be, and the same is hereby, accepted; and,
"BE IT FURTHER RESOLVED, that the City Manager, Michael E.
Malone, be, and he is hereby, authorized and directed to execute, on behalf of the
City of Paris, the "Texas Department of Housing and Community Affairs Home
Program Home Buyer Assistance Contract No. 539076," under the terms and
conditions and in the form shown in Exhibit A, attached hereto."
PASSED AND ADOPTED this 27th day of July, 1999.
ATTEST:
vSaJ~~ ,o~
Barbara Denny, Ass!. City C k
APPROVED AS TO FORM:
~~
Step an e H. Harris, Ass!. City Attorney