HomeMy WebLinkAbout028563 RES - 04/20/2010Page 1 of 2
RESOLUTION
APPROVING THE SECOND AMENDMENT TO AFFORDABLE
HOUSING PROGRAM AGREEMENT BETWEEN THE CORPUS
CHRISTI BUSINESS AND JOB DEVELOPMENT
CORPORATION, THE CITY OF CORPUS CHRISTI, AND
VANGUARD HALL CONSULTING FIRM, INC., TO INCREASE
THE RANGE OF SALES PRICE OF THE HOMES FROM
$85,000 TO $95,000 TO UP TO $128,606 FOR HOME BUYER
ASSISTANCE
WHEREAS, on August 21, 2008, the Corpus Christi Business and Job
Development Corporation, the City of Corpus Christi, and Vanguard Hall
Consulting Firm, Inc. ("Vanguard"), executed an Affordable Housing Program
Agreement ("Agreement") for home buyer assistance; and
WHEREAS, the sales prices of the homes being provided need to be adjusted to
reflect increases in the costs of lots to Vanguard;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CORPUS CHRISTI, TEXAS:
SECTION 1. That the Second Amendment to the Affordable Housing Program
Agreement ("Agreement") between the Corpus Christi Business and Job
Development Corporation, the City of Corpus Christi, and Vanguard Hall
Consulting Firm, Inc., for home buyer assistance, which is attached to this
resolution, is approved.
ATTEST:
THE CITY OF CORPUS CHRISTI
Armando Chapa Joe Ada e
City Secretary Mayor
APPROVED: 12st day of April, 2010.
R. yeinin
First Assistant City Attorney
For City Attorney
028563
Res -- 2nd Amend -- Affordable Housing - Vanguard - HBA 04122010
INDEXED
Page 2 of 2
Corpus Christi, Texas
6 of
, 2010
The above resolution was passed by the following vote:
Joe Adame
Chris N. Adler
Brent Chesney
Larry Elizondo, Sr.
Kevin Kieschnick
Priscilla G. Leal
John E. Marez
Nelda Martinez
Mark Scott
028563
Res -- 2nd Amend -- Affordable Housing - Vanguard - HBA 04122010
SECOND AMENDMENT TO
AFFORDABLE HOUSING PROGRAM AGREEMENT
BETWEEN THE CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT
CORPORATION, THE CITY OF CORPUS CHRISTI,
AND VANGUARD HALL CONSULTING FIRM, INC.,
FOR HOME BUYER ASSISTANCE
A. Section 5.c of the Affordable Housing Program Agreement ("Agreement") between
the Corpus Christi Business and Job Development Corporation, the City of Corpus
Christi, and Vanguard Hall Consulting Firm, Inc., for home buyer assistance, last
executed on August 21, 2008, is revised to read as follows:
"5. Services to be Provided by Grantee.
* * *
"c. The single family homes must be based on one of the four (4) floor
plans submitted in the Grantee's proposal, which will have between 1140-
1250 square feet and will be offered at the sale price of $85,000 to
$000 up to $128,606,"
* * *
B. This amendment to the Agreement takes effect on the latest date that either party
executes this amendment
C. Any provision of the Agreement that is not expressly amended by this amendment
remains unchanged and in full force and effect.
D. This amendment to the Agreement may be executed in any number of counterparts,
each of which shall be deemed an original and constitute one and the same instrument.
EXECUTED on the date shown opposite the signature of each party.
CORPUS CHRISTI BUSINESS &
JOB DEVELOPMENT CORPORATION
Eloy Salazar
President
Page 1 of 3
2nd Amend -- Affordable Housing - Vanguard - HBA 04122010
Date
STATE OF TEXAS §
COUNTY OF NUECES §
ACKNOWLEDGMENT
KNOW ALL BY THESE PRESENTS:
This instrument was acknowledged before me on , 2010,
by Eloy Salazar, President, Corpus Christi Business & Job Development Corporation, a
Texas nonprofit corporation, on behalf of the corporation.
NOTARY PUBLIC
State of Texas
ATTEST: CITY OF CORPUS CHRISTI
Armando Chapa
City Secretary
'Angel R. Escobar
City Manager
Date: Date:
APPROVED AS TO FORM:
R. Jay Reining
First Assistant City Attorney
for the City Attorney
Page 2 of 3
2nd Amend -- Affordable Housing - Vanguard - HBA 04122010
VANGUARD HALL CONSULTING FIRM, INC.
Patricia Noyola
President
STATE OF TEXAS §
COUNTY OF NUECES §
Date
ACKNOWLEDGMENT
KNOW ALL BY THESE PRESENTS:
This instrument was acknowledged before me on , 2010,
by Patricia Noyola, President, Vanguard Hall Consulting Firm, Inc. , a Texas Domestic
For -Profit Corporation, on behalf of the corporation.
NOTARY PUBLIC
State of Texas
Page 3 of 3
2nd Amend -- Affordable Housing - Vanguard - HBA 04122010