2003-054-RES AUTHORIZE HOUSING INVESTMENT PARTNERSHIP PROGRAM'
RESOLUTION NO. 2003-054
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS,
PARIS, TEXAS, AUTHORIZING THE SUBMISSION OF A HOUSING
INVESTMENT PARTNERSHIP PROGRAM APPLICATION TO THE
TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR
THE HOMEBUYER ASSISTANCE PROGRAM FUND; AUTHORIZING
THE MAYOR, CITY MANAGER, DIRECTOR OF COMMUNITY
DEVELOPMENT, AND FINANCE DIRECTOR TO EXECUTE ALL
NECESSARY DOCUMENTS AS APPROPRIATE AND TO ACT AS THE
CITY'S AUTHORIZED REPRESENTATIVES IN ALL MATTERS
PERTAINING TO THE CITY'S PARTICIPATION IN THE HOMEBUYER
ASSIST ANCE PROGRAM; MAKING OTHER FINDINGS AND
PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN
EFFECTIVE DATE.
WHEREAS, the City Council of the City of Paris desires to develop a viable urban
community, including decent housing and a suitable living environment and expanding
economic opportunities, principally for persons of low/moderate income; and,
WHEREAS, certain conditions exist which represent a threat to public health and safety;
and,
WHEREAS, it is necessary and in the best interests of the City of Paris to apply for
funding under the 2003 Texas Community Development Program; and,
WHEREAS, the City Council desires to authorize the Mayor, City Manager, Director
of Community Development, and other appropriate City staff to accept and implement said
grant (if same is received) without further action of City Council; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS,
TEXAS:
Section 1. That the findings set out in the preamble to this resolution be and they are
hereby approved.
Section 2. That a Housing Investment Partnership Program application for the
Homebuyer Assistance Program is hereby authorized to be filed on behalf of the City of Paris
with the Texas Department of Housing and Community Affairs.
Section 3. That the City's application be placed in competition for funding under the
Homebuyer Assistance Program Fund.
Section 4. That the application be for $312,000.00 of grant funds to carry out this down
payment, closing costs, and gap financing program.
Section 5. That the City Manager, as the Chief Executive Officer of the City of Paris,
be, and he is hereby, appointed as the Authorized Representative to act in all matters in
connection with this application and the City's participation in the Homebuyer Assistance
Program.
Section 6. That the Director of Community Development be, and he is hereby, appointed
as Project Director and is hereby authorized to execute and deliver, on behalf of the City of
Paris, all reports, communications, assurances, and documents necessary for the completion of
said project.
Section 7. That the Director of Finance be, and he is hereby, authorized and directed to
serve as the Financial Officer for said project and to receive and distribute funds for purposes
of the Homebuyer Assistance Program.
Section 8. That the Mayor, City Manager, Director of Community Development, and
the Finance Director be, and they are hereby, authorized and directed to execute, on behalf of
the City of Paris, any and all documents necessary for acceptance and implementation of said
grant upon notice of award thereof by the Texas Department of Housing and Community
Affairs, under the terms and conditions and in the forms approved by the City Attorney, and to
proceed with use of said funds upon receipt thereof for the purposes stated herein and in
accordance with the grant conditions.
Section 9. That it further be stated that the City will provide $25,000.00 to pay expenses
for program soft costs in this homebuyer program.
Section 10. That it further be stated that the City of Paris is accepting from the lo~al
Consumer Credit Counseling Service eight (8) hours of pre-purchase, debt service, maintenance,
and home ownership counseling for all forty (40) applicants, with the service being estimated
to be $1,000.00 per applicant for a total in-kind match of $40,000.00.
Section 11. That the City will provide up to $100,000.00 to insure timely closures of
loans, it being understood that these funds will be reimbursed by the HOME Program.
Section 12. That this resolution shall be effective from and after its date of passage.
PASSED AND APPROVED on this 6th day of March, 2003.
~~~?~ ~ ~
Richard Manning, Mayor~Tem
ATTEST:
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Mattie Cunningham, City Clerk
APPROVED AS TO FORM: