2004-048-RES AUTHORIZING THE SUBMISSION OF A HOUSING INVESTMENT PARTNERSHIP PROGRAM APPLICATION TO THE TEXAS DEPT OF HOUSING AND COMMUNITY AFFAIRS FOR THE OWNER OCCUPIED REHAB PROGRAM FUND
RESOLUTION NO. 2004-048
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 OWNER OCCUPIED REHABILITATION 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 ASSISTANCE 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 2004 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 she 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 ofthe City
of Paris, any and all document8 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 local
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 8th day (lc';' 2:, l' --C : ,
ATTEST:
'--TI\~'-~~ """I'<' ,""-~
Mattie Cunningham, City Clerk
APPROVED AS TO FORM: